London, 20 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global CFB Boiler Market 2014-2018.
Circulating fluidized bed (CFB) boilers are clean, eco-friendly and can help reduce harmful emissions like sulfur dioxide, nitrogen oxide and carbon dioxide in the energy and utilities as well as chemicals industries. The Global CFB Boiler Market is expected to witness strong growth and post a CAGR of 12.44 percent by 2018.
About the Report
The latest report by TechNavio focuses on rapid industrialization, which is at odds with increased global pressure to reduce carbon emissions.
As CFB boilers help reduce emissions and increase fuel efficiency, they are being adopted more and more in the chemical production industry.
“The chemical industry was the second largest end-user industry in the Global CFB Boiler market in 2013 with a share of 20 percent. The increased usage of CFB boiler technology in this industry has opened up huge opportunities for the CFB boiler manufacturers worldwide,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Reduction in Carbon Emissions
- For a full detailed list, view our report.
Market Challenges:
- High Initial Investment
- For a full detailed list, view our report.
Market Trends:
- Increased Usage of CFB Boilers in Chemical Industry
- For a full detailed list, view our report.
Key Vendors:
- Alstom SA
- BHEL
- Formosa Heavy Industries Corp.
- Foster Wheeler AG
Other Prominent Vendors:
- Anshan Boiler Factory
- Comatec
- DongFang Boiler Group
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