The Circulating Fluid Bed Boilers Global Market Report 2023, provides comprehensive information on the circulating fluid bed boilers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Circulating Fluid Bed Boilers Global Market Report 2023, the global circulating fluid bed boilers market size is expected to grow from $36.22 billion in 2022 to $38.63 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global circulating fluid bed boilers market size is expected to reach $48.01 billion in 2027 at a CAGR of 5.5%.
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Strategic collaboration is the key trend gaining popularity in the circulating fluid bed boiler market. Major players in the circulating fluid bed boiler market are focusing on producing innovative products through strategic collaboration to strengthen their market position. For instance, in December 2022, Bharat Heavy Electricals Limited (BHEL), an Indian-based power generation equipment manufacturer, partnered with Sumitomo SHI FW, a Finland-based circulated fluid bed boilers manufacturer, to expand distributing fluidized bed combustion (CFBC) boilers market in India and overseas. The technology License Agreement involves designing, engineering, producing, installing, commissioning, and marketing a circulating fluidized bed combustion (CFBC) boiler with innovative technology for the Indian and global markets. CFBC boiler technology has inherent benefits like fuel flexibility, better operational flexibility, and meeting emission norms. The technology licensing agreement (TLA) will enhance the company’s capabilities to provide power plants that meet emission norms and offer bio-mass co-fired CFBC boilers.
The circulating fluid bed boilers market is segmented:
1) By Product: Subcritical CFB Boilers, Supercritical CFB Boilers, Ultra-Supercritical CFB Boilers
2) By Fuel Type: Coal, Biomass, Other Fuel Types
3) By Capacity: Less Than 100 MW, 100-200 MW, 200-300 MW, 300 MW And Above
4) By Application: Oil And Gas, Power, Chemicals, Manufacturing, Other Application Types
North America was the largest region in the circulating fluid bed boilers market in 2022.
The table of contents in TBRC’s circulating fluid bed boilers market report includes:
- Executive Summary
- Circulating Fluid Bed Boilers Market Characteristics
- Circulating Fluid Bed Boilers Market Trends And Strategies
- Circulating Fluid Bed Boilers Market – Macro Economic Scenario
- Circulating Fluid Bed Boilers Market Size And Growth
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- Africa Circulating Fluid Bed Boilers Market
- Circulating Fluid Bed Boilers Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Circulating Fluid Bed Boilers Market
- Circulating Fluid Bed Boilers Market Future Outlook and Potential Analysis
- Appendix
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