Circulating Fluid Bed Boilers Global Market Report 2026

Circulating fluidized bed (CFB) boilers represent a category of power plant boilers utilizing a combustion process that employs a circulating fluidized bed for burning coal, biomass, waste, or diverse fuel sources. These boilers are recognized for their versatility and cost-effectiveness, providing adaptable and economically viable solutions for power generation in the industry.

The primary classifications of circulating fluidized bed boilers include subcritical, supercritical, and ultra-supercritical CFB boilers. Subcritical CFB boilers denote an advancing coal combustion technology featuring capacities ranging from 135 MW to 330 MW. Engineered to achieve reduced pollutant emissions, these boilers can withstand steam pressures up to 2,600 PSIG, accommodating various fuels, including those with high ash, high sulfur content, and waste fuels such as petroleum coke and sludge. Operating on a spectrum of fuel types, including coal and biomass, their capacities span less than 100 MW, 100-200 MW, 200-300 MW, and 300 MW and above. Deployed across sectors such as oil and gas, power, chemicals, manufacturing, and others, these boilers serve as integral components of diverse industrial processes.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are exerting a strong influence on the circulating fluid bed boilers market by increasing the cost of imported pressure vessels, heat exchangers, refractory materials, control systems, and high-grade steel components. Power generation and industrial boiler projects in Asia-Pacific, Europe, and the Middle East are most affected due to their dependence on cross-border equipment sourcing. These tariffs are increasing project costs and extending installation timelines for large-capacity boilers. On the positive side, they are encouraging domestic boiler manufacturing, regional fabrication capabilities, and innovation in modular boiler designs that reduce reliance on imported components.

The circulating fluid bed boilers market research report is one of a series of new reports from The Business Research Company that provides circulating fluid bed boilers market statistics, including global market size, regional shares, competitors with a circulating fluid bed boilers market share, detailed circulating fluid bed boilers market segments, market trends, and opportunities, and any further data you may need to thrive in the circulating fluid bed boilers industry. This circulating fluid bed boiler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The circulating fluid bed boilers market size has grown strongly in recent years. It will grow from $42.74 billion in 2025 to $45.08 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to expansion of thermal power generation capacity, increased use of coal and biomass boilers, availability of proven cfb technology, rising industrial steam demand, growth of manufacturing and chemical sectors.

The circulating fluid bed boilers market size is expected to see strong growth in the next few years. It will grow to $57.33 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investments in low-emission power generation, rising adoption of biomass-based energy, expansion of industrial cogeneration systems, growing focus on boiler efficiency upgrades, tightening environmental regulations. Major trends in the forecast period include expansion of multi-fuel combustion capabilities, increasing adoption of high-efficiency boiler designs, integration of advanced emission control systems, growing use of biomass and waste fuels, focus on operational flexibility.

An increase in the usage of coal is expected to drive the growth of the circulating fluid bed boiler market in the coming years. Coal is a mineral extracted from the earth and used as fuel, appearing as a black rock. Circulating fluid bed boilers are widely used in coal-fired power plants, where they generate steam to power large turbines, and the mineral content in coal is converted into ash during combustion. For instance, in 2025, according to the International Energy Agency, a France-based intergovernmental organization, global coal demand continued to grow in 2024, rising from 2023 levels to reach a record 8.79 Bt. Meanwhile, China's coal demand is projected to reach 5 Bt by 2026, and coal consumption in ASEAN is expected to increase by 5% to 547 Mt over the same period. Therefore, rising coal usage is fueling the expansion of the circulating fluid bed boiler market.

The increasing adoption of renewable energy sources is also expected to contribute to the growth of the circulating fluid bed boiler market. Renewable energy sources are naturally replenishing and environmentally sustainable resources such as solar, wind, hydro, geothermal, and biomass, used for generating clean power. Circulating fluidized bed boilers support this transition by efficiently burning various renewable sources, including biomass fuels, enabling sustainable power generation with lower environmental impact. For instance, in October 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, renewable electricity capacity additions reached an estimated 507 GW in 2023, nearly 50% higher than in 2022. Solar PV and wind capacity additions are also projected to more than double by 2028 compared to 2022 levels. Additionally, the global Renewables 2023 forecast has been revised upward by 33%, reaching 728 GW. Therefore, the increasing adoption of renewable energy sources is driving the circulating fluid bed boiler market.

Major companies operating in the circulating fluid bed boiler market are investing in drone inspection solutions that use technologies such as lidar to deliver faster and more precise inspection data. Lidar is a remote sensing technology that uses laser light to measure distances and produce accurate, three-dimensional information. For instance, in May 2023, Integrated Global Services (IGS), a US-based provider of surface protection solutions, introduced the SMARTGard Inspection service, a digitalized drone inspection solution for circulating fluidized bed (CFB) boilers. This system offers a turnkey, faster, and safer inspection process globally. Equipped with lidar technology and HD live streaming, the drone-operated by IGS experts-detects issues such as corrosion and erosion, providing maintenance insights earlier in the turnaround process without the need for scaffolding.

Major companies operating in the circulating fluid bed boilers market are Mitsubishi Heavy Industries Ltd., Industrial Boilers America Inc., Alstom Power Inc., Sumitomo Heavy Industries Ltd., Babcock & Wilcox Enterprises Inc., Thermodyne Engineering Systems, EBARA Environmental Plant Co. Ltd., Doosan Heavy Industries & Construction Co. Ltd., Taipower Heavy Industries Corporation, Amec Foster Wheeler plc, Harbin Boiler Engineering Co. Ltd., Emerson Boiler Inc., Formosa Heavy Industries Corporation, Zhengzhou Boiler Co. Ltd., Hyundai Heavy Industries Co., Shanghai Boiler Works Co. Ltd., Dongfang Boiler, Kawasaki Heavy Industries Ltd., AE&E Nanjing Boiler Co. Ltd., Wuxi Huaguang Boiler Co. Ltd., Foster Wheeler AG

North America was the largest region in the circulating fluid bed boilers market in 2025 and is expected to be the fastest-growing region in the global circulating fluid bed boilers market report during the forecast period. The regions covered in the circulating fluid bed boilers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the circulating fluid bed boilers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The circulating fluid bed boiler market consists of sales of atmospheric fluidized bed combustion (AFBC), circulating fluidized bed absorbers, and pellets. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Circulating Fluid Bed Boilers Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses circulating fluid bed boilers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for circulating fluid bed boilers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The circulating fluid bed boilers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: Subcritical CFB Boilers; Supercritical CFB Boilers; Ultra-Supercritical CFB Boilers
• 2) By Fuel Type: Coal; Biomass; Other Fuel Types
• 3) By Capacity: Less Than 100 MW; 100-200 MW; 200-300 MW; 300 MW And Above
• 4) By Application: Oil And Gas; Power; Chemicals; Manufacturing; Other Application Types
• Subsegments:
• 1) By Subcritical CFB Boilers: Steam Generation Capacity; Fuel Type
• 2) By Supercritical CFB Boilers: Steam Generation Capacity; Fuel Type
• 3) By Ultra-Supercritical CFB Boilers: Steam Generation Capacity; Fuel Type
• Companies Mentioned: Mitsubishi Heavy Industries Ltd.; Industrial Boilers America Inc.; Alstom Power Inc.; Sumitomo Heavy Industries Ltd.; Babcock & Wilcox Enterprises Inc.; Thermodyne Engineering Systems; EBARA Environmental Plant Co. Ltd.; Doosan Heavy Industries & Construction Co. Ltd.; Taipower Heavy Industries Corporation; Amec Foster Wheeler plc; Harbin Boiler Engineering Co. Ltd.; Emerson Boiler Inc.; Formosa Heavy Industries Corporation; Zhengzhou Boiler Co. Ltd.; Hyundai Heavy Industries Co.; Shanghai Boiler Works Co. Ltd.; Dongfang Boiler; Kawasaki Heavy Industries Ltd.; AE&E Nanjing Boiler Co. Ltd.; Wuxi Huaguang Boiler Co. Ltd.; Foster Wheeler AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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