Industrial Boiler Market 2019 and (CFB) Circulating Fluidized Bed Analysis and Forecast at RnRMarketResearch.com
Dallas,TX (PRWEB) March 12, 2015 -- An industrial boiler is a closed vessel used to generate steam for various industrial heating and humidification applications. The boiler has a heat source (furnace), which boils water at a rate higher than its boiling point, and a heat transfer medium (pipes or tubes for heat exchange). Many industrial boiler vendors offer superior quality and customized industry-specific boilers for increased operational efficiency in the Power, Oil and Gas, and Chemicals and Petrochemical industries.
Analysts forecast the Global Industrial Boiler market to grow at a CAGR of 2.96% over the period 2015-2019.Government initiatives with regard to eco-friendly processes are a key trend that is expected to have a positive impact on the market dynamics in the coming years. The need for protecting the environment has forced various governments to implement restrictions on the emission of greenhouse gases from industries.
According to the report, one of the major drivers expected to impact the market growth is the increased need for energy. Developing countries like China and India are witnessing a huge demand for energy because of rapid industrialization and urbanization.
Global Industrial Boiler Market 2015-2019 report recognizes the following companies as the key players: Alstom SA, Foster Wheeler AG and Hitachi Ltd.
Other Prominent Vendors in the market are: AB&CO Group, Alfa Laval Aalborg, ANDRITZ Energy & Environment, B&S Piping, Babcock & Wilcox, Bharat Heavy Electricals, Hangzhou Boiler Group, Harbin Power Equipment, Indeck Power Equipment, Mitsubishi Heavy Industries, Miura Boiler, Suzhou Hailu Heavy Industry, Taishan Group, Tai Yuan Boiler Group, Thermogenics, TT Boilers, Wellman Group and Wellman Robey.
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Further, the report states that the high cost of raw materials like steel is expected to pose a huge challenge to the market vendors. Inflation and the lack of availability of various materials have led to a consistent increase in the price of these materials, thus forcing boiler vendors to incur high investments in boiler production.
The other report “Global Circulating Fluidized Bed (CFB) Market 2014-2018” analysis. One of the major trends witnessed in the market is the increased usage of Circulating Fluidized Bed (CFB) Market in the Chemical industry. The increase in the replacement of old conventional boilers with new CFB boiler technology enhances organizational productivity by offering various features such as multi-fuel options to the organizations.
A circulating fluidized bed (CFB) Boiler is a combustion chamber where various types of fuel are used to generate steam. CFB boilers are clean and environment-friendly boilers, which use a wide range of coal ranging from low quality coal, coal blends, pet coke and various alternative fuel sources. It reduces harmful emissions such as sulphur dioxide, nitrogen oxide, and carbon dioxide. CFB boilers can be implemented in various industries such as Energy and Utilities, Chemicals and Petrochemicals, General and Others.
Analysts forecast the Global CFB Boiler market to grow at a CAGR of 12.44% over the period 2013-2018. According to the report, the need to reduce carbon emissions is one of the important factors driving the market growth. Rapid industrialization and the need to reduce high pollution levels are increasing the demand for low carbon emission generation.
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Global Circulating Fluidized Bed (CFB) Market 2014-2018 report recognizes the following companies as the key players: Alstom SA, Bharat Heavy Electricals Ltd. (BHEL), Formosa Heavy Industries Corp., Foster Wheeler AG and Mitsubishi Heavy Industries Ltd.
Other Prominent Vendors in the market are: AE&E Nanjing Boiler, Alfa Laval Aalborg, Anhui Jinding Boiler, Anshan Boiler Factory, Babcock & Wilcox Power Generation Group, Cethar, Comatec, Dalian ETDZ Xiupu Science Company, DongFang Boiler Group, Doosan Heavy Industries and Construction, E.ON, F&H Crone B.V, Hangzhou Boiler Group, Hangzhou Hailu Heavy Industry, Jiangsu Taihu Boiler, Kawasaki Heavy Industries, Metso, Rafako, Shandong Huayuan Boiler, Shandong Overseas Machinery & Equipment, Shanghai Boiler Works, Shanghai Industrial Boilers, Sichuan Chuanguo Boiler, Siemens, Sumitomo Heavy Industries, Taishan Group, The Green Steam, Thermax, Toshiba, Veesons Energy Systems, Wuxi Xineng Boiler, ZG Group and Zhengzhou Boiler.
Further, the report states that one of the major challenges in the market is the high initial investment required for the installation of CFB boilers. The prices of the components of CFB boilers such as bottom ash drain, HP blower, cyclone separator, superheat wing wall, fuel feeding system, solid recycle system, and others have been increasing over the past few years because of the increasing raw material costs.
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