Global Generation Circulating Fluidized Bed (CFB) Boilers Market
Global Generation Circulating Fluidized Bed (CFB) Boilers Market was valued US$ Bn in 2017 and is expected to reach US$ Bn by 2026, at a CAGR of during a forecast period.Global Circulating Fluidized Bed (CFB) Boilers MarketThe CFB boilers market has seen a substantial growth over the past three years because of increased need for power. Also, companies are using CFB boilers to follow stringent government regulations affecting to gas emission which is also a driving factor. Additionally, CFB boilers operate at comparatively lower temperatures as compared to conventional boilers, dropping the gas emission levels considerably. Low emission of gases such as carbon dioxide, sulfur dioxide and nitrogen dioxide make CFB boilers eco-friendly which is a key driver for the market growth. Furthermore, flexibility in use of fuels reduces the burden on depleting reserves of coal, as CFB encourages the use of other fuels. The CFB boilers also decrease the operational cost of boilers and power plants, which is another driving factor for the market. Nevertheless, the market could be hindered in the event of design flaws in the boiler which is likely to lead to depositions and corrosion of the boiler surface, and high maintenance cost of CFB boilers may limit their installation.
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