CFB boiler Market to witness lucrative growth opportunities over 2019-2025

CFB boiler market from petrochemical application is projected to amass substantial gains over the forecast timeline.

Selbyville, United States - October 23, 2019 /MarketersMedia/ —

Global CFB (circulating fluidized bed) boiler market is anticipated to be driven by growing energy consumption across the industrial sector. Rising installation of captive power systems is directly influencing CFB industry share. Moreover, steady growth in population has led to expansion of industrial sector over the years, which has resulted in heavy energy consumption in the sector.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/circulating-fluidized-bed-boiler-market

Circulating fluidized bed boiler is a technology for coal combustion to achieve lower emission of pollutants. Up to 95% of pollutants can be absorbed by utilizing this technology before being emitted to the atmosphere.

Availability of limited transmission and distribution infrastructure has in turn fueled adoption of energy efficient generation systems in order to fulfill the growing energy requirement. Keeping limited energy distribution infrastructures in consideration, industry conglomerates are focusing on technologies to produce optimal energy, and hence are investing toward the installation of CFB based captive systems to ensure consistent operation across various business verticals along with enhanced energy security.

Paradigm shift toward adoption of sustainable and clean power generation technologies has provided a boost to the demand for CFB boiler systems across the globe. Rise in number of initiatives to counterbalance climate change is also estimated to fuel deployment of biomass based CFB systems, hence providing impetus to overall CFB boiler market share. In terms of revenue, CFB boiler market size is projected to surpass USD 50 billion by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3503

From petrochemical application, CFB boiler market is estimated to amass substantial gains over the forecast timeline. Growing demand for petrochemical products owing to falling crude oil prices has necessitated refinery owners to expand their production capacity with sustainable & reliable power supply.

Several countries have limited transmission & distribution infrastructure which may hinder refinery operations. Therefore, operators across the sector are increasing their focus to limit their dependency on utilities for power supply and are switching to CFB boiler based captive systems to efficiently run plant operations, which in turn will complement CFB boiler market outlook. Moreover, influx of foreign direct investment (FDI) in the downstream oil & gas industry across several emerging economies including India will further supplement CFB boiler market trends over the analysis period.

In the regional landscape, North America CFB boiler market is projected to showcase notable CAGR over the forecast timespan owing to burgeoning economic growth along with rising investments toward the renovation of manufacturing facilities across the region. As of 2018, the United States held a dominant share in the CFB boiler market. Also, in 2018, the CFB boiler manufacturing output in the U.S. accounted for 18% of the global capacity.

Favorable regulatory norms pertaining to environment protection coupled with consolidated economy across the region has improved the workforce quality, which is acting as catalysts in this renewed growth. In addition, ongoing investments toward the adoption of cleaner & sustainable power generation technologies is also anticipated to foster CFB boiler market growth over the analysis period.

Key industry participants contributing towards CFB boiler market includes Bharat Heavy Electricals Limited, AMEC Foster Wheeler, Babcock and Wilcox Enterprises, IHI, General Electric, Forbes Marshall, Bosch Thermotechnology, Thermax, Walchandnagar Industries and Mitsubishi Hitachi Power Systems. These industry players are momentously increasing their presence across the APAC region by adopting strategies including partnerships, collaborations and mergers to expand their dealer network.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/cfb-boiler-market

Source URL: https://marketersmedia.com/cfb-boiler-market-to-witness-lucrative-growth-opportunities-over-2019-2025/88930238

Source: MarketersMedia

Release ID: 88930238

More News From 24-7 Reporters

Ukrainian leader felt Trump pressure before taking office

Dec 15, 2019

KYIV, Ukraine — More than two months before the phone call that launched the impeachment inquiry into President Donald Trump, Ukraine's newly elected leader was already worried about pressure from the U.S. president to investigate his Democratic rival Joe Biden. Volodymyr Zelenskiy gathered a small group of advisers on May 7 in Kyiv for a meeting that was supposed to be about his nation's energy needs. Instead, the group spent most of the three-hour discussion talking about how to navigate the insistence from Trump and his personal lawyer Rudy Giuliani for a probe and how to avoid becoming entangled in...

Europe's specialty food makers brace for US tariffs

Dec 15, 2019

MILAN — European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5 billion on a range of European goods were approved by the World Trade Organization as compensation for illegal EU subsidies to plane maker Airbus. The U.S. has some leeway in deciding what goods it puts tariffs on. So while it is taxing European aircraft goods an extra 10%, it...

The Latest: British govt insists there is Brexit progress

Dec 15, 2019

BRUSSELS — The Latest on Britain's plans to leave the European Union (all times local): 10 a.m. The British government says talks with the European Union are making progress, despite the lack of a breakthrough overnight. Prime Minister Boris Johnson's office says talks are resuming Wednesday after a "constructive" session that lasted late into the night in Brussels. Johnson is eager to strike a deal at an EU summit starting Thursday so the U.K. can leave the bloc in good order on the scheduled date of Oct. 31. But both sides say gaps remain over plans for maintaining an open...

Bulgarian prime minister condemns soccer racism

Dec 15, 2019

SOFIA, Bulgaria — Bulgarian Prime Minister Boyko Borissov condemned the racist behavior of his country's soccer fans on Tuesday, a day after the national team played England in a European Championship qualifying match. Local fans made Nazi salutes and directed monkey noises at the black players on England's national team. England won 6-0, but the match was halted twice in an effort to stop the abuse. "It is unacceptable that Bulgaria, one of the most tolerant countries in the world where people of different ethnicities live in peace, to be associated with racism and xenophobia," Borissov wrote in a post...

Kosovo election winner in no rush to restart Serbia talks

Dec 15, 2019

PRISTINA, Kosovo — A left-wing party leader poised to become Kosovo's next prime minister said Tuesday he isn't in any rush to restart formal talks intended to normalize relations with Serbia and won't lift the previous government's 100% tariff on Serb imports. In a general election held Sunday, Albin Kurti's Movement for Self-the Determination, or Vetevendosje, defeated center-right political groupings formed by former Kosovo Liberation Army fighters who had governed since 2007. Kosovo, a former Serbian province, declared independence in 2008, a decade after an insurrection by KLA fighters and Serbian strongman Slobodan Milosevic's bloody crackdown launched a 1998-99 war....

Sign up now!

About Us

24-7 Reporters publishes up-to-the-minute news 24 hours a day, 7 days a week. Our certified reporters are among the most experienced, well-trained and talented across the globe, covering issues resonating progressives in every corner of the world.

Contact us: sales[at]24-7reporters.com