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- Significant advancements in large-scale circulating fluidized bed boilers to open profitable avenues
- Flexibility with respect to different fuels and the advantage of near-zero emission key underpinnings of rapid adoption of CFB boilers
ALBANY, NY, April 22, 2022 /PRNewswire/ — Circulating fluidized bed (CFB) boilers are gaining traction in modern power generation, mainly due to their improved combustion efficiency and flexibility in the choice of fuels. The global circulating fluidized bed (CFB) boilers market was estimated at the volume of 116.7 GWe in 2020, and authors of a TMR study has projected the valuation to expand at CAGR of 12.2% during 2021–2031.
CFB technology has gained widespread attention among oil and gas companies since the technology enables them to overcome limitations of standard fluidized-bed reactors. The rapid pace of uptake in the end-use industry has propelled sizable revenue generations over the past few years. Emphasis on adoption of clean coal technology has propelled sales avenues in the circulating fluidized bed (CFB) boilers market.
The advantage of choice from a wide range of fuels including bituminous coal, biomass, anthracite, waste tires paper sludge, and petroleum coke has helped end users offset the high cost of maintenance, catalylzing the expansion of the circulating fluidized bed (CFB) boilers market . One of the key factors that make CFB a clean technology is its high SO2 removal efficiencies and ability to remove other harmful emissions.
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Key Findings of Circulating Fluidized Bed (CFB) Boilers Market Study
- Low Emission and Clean Coal Technologies Propelling Adoption: The increasing trend of coal energy systems in clean power generation has spurred the adoption of CFB boilers. They have rapidly gained preference over bubbling fluidized bed boilers. Growing number of inferior CFB boilers has led to increased utilization of gangue and coal slime, anthracite, petroleum coke, oil shale, and high sulfur coal, thereby expanding profitable avenues in the circulating fluidized bed (CFB) boilers market. The …
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