Circulating Fluidized Bed Boiler Market Analysis

Circulating Fluidized Bed Boiler Market Analysis

Supercritical steam generators are boilers that operate at temperature and pressure ranging between 538-565 ⁰C and above 3,200 psi respectively. These systems are drum-less and have a variable evaporation endpoint. As a result, the evaporation process takes place through the evaporator at a single pass. They are predominantly used for generating electricity and unlike other substitutes, there is no bubble formation. Ongoing technological advancements have resulted in the adoption of new range of materials which can withstand high temperature and pressure associated with supercritical boilers. The market demand for this technology has significantly increased across new power stations mainly in Asia Pacific and Europe. Over the last decade significant installation of the technology has been witnessed primarily across existing electricity generating stations as a replacement for subcritical boilers.

In the past few years most of the industry participants are focusing on diversified fuel sources to suffice their soaring energy requirements. This in turn has positively influenced the demand for the <100 MW CFBC boilers. Rising environmental concerns pertaining to industrial emissions is one of the key underlying market factors which has shaped the industry dynamics. Over the last decade, deployment of multi fuel plants has witnessed substantial growth owing to their ability to reduce energy bills and discharge low levels of emissions. Easy availability of raw materials in the form of industrial waste is further driving the adoption of low capacity CFB boilers across the industrial sector.
 

The utility segment mainly comprises, multiple merchant & independent power producers, who are solely in the business of electricity generation. Over the past decade, there have been substantial investments across utility segments to effectively cater to the growing demand for power. Utilities are continuously looking for the technologies that can effectively operate under adverse conditions irrespective of the raw materials provided. As a result, demand for the high capacity CFB heating systems are gaining wide traction across the globe. High capacity utilization factor (CUF), and low costs are some of the significant features that are favoring the deployment of these boilers across the utility.
 

In the last five years, the quality of internationally traded coal has witnessed a significant decline. Therefore, it has become a necessity for the plant operators to install technologies which can provide substantial CUF by heating low grade materials. CFB boilers can successfully burn all grades of coals with heating values, ranging between 3,900 to 8,000 kcal/kg. Surging demand for emission-less sustainable systems for power generation will drive the circulating fluidized bed boiler market size across utilities.
 

Ongoing transition toward the adoption of clean energy fuel sources to generate electricity has surged the penetration of sustainable technologies across multiple industries. Easy availability of these sources along with ongoing efforts to counteract global warming has accelerated the installation of biomass based circulating fluidized bed boiler. These boilers not only limit the discharge of harmful emission content but also subdue the reliance on non-renewable energy systems & sources. In the last five years, the development of biogas based power generation systems with CFBC technology has supported the plant owners for the economic implementation of a sustainable power generation systems. Rising concerns toward the adverse effects of environmental pollution on account of heavy dependence on fossil fuel sources will has accelerated the technology adoption across multiple industries. Moreover, with the installation & integration of several emission control systems, the operators are not only able to increase their plant efficiency but also improve the plant’s environmental performance. Regulators & policy makers across the globe are introducing numerous incentives and rebates, which will tend to stimulate biomass-based circulating fluidized bed boiler industry growth.
 

Resurgent economic growth along with rising investments towards the upgradation of industrial facilities will stimulate the Asia Pacific circulating fluidized bed boiler market growth. Burgeoning demand for energy across the industrial sector due to the ongoing efforts toward the development of new facilities has created a substantial growth potential. The presence of a robust manufacturing sector has further accelerated the installation of sustainable energy solutions . Surging demand for manufactured goods by end consumers due to steady population growth and increasing per capita income has increased the manufacturing yield across the region. To ensure reliable operation, market demand participants across the region have invested heavily to expand their capacity, which in turn will positively drive the CFB boiler industry growth.