According to the UnivDatos, as per their “Circulating Fluidized Bed Boiler Market” report, the global market was valued at USD 40.98 billion in 2024, growing at a CAGR of about 10.78% during the forecast period from 2025 - 2033 to reach USD billion by 2033.

The Circulating Fluidized Bed (CFB) Boiler market is growing steadily in the global market as more people demand efficient and environmentally friendly power generation technologies. The growth of the market in the forecast period could be explained by the increased world consumption of electricity, strict rules on emissions, and the increasing trend towards cleaner and flexible fuel sources. The CFB boilers are gaining popularity due to their ability to combust a wide range of fuels, including coal, lignite, biomass, and waste, with relatively low emissions and high thermal efficiency. Moreover, the increasing practice of co-firing biomass and industrial waste with coal is also helping to decarbonize the power requirements of several countries, which is why CFB technology is becoming an increasingly appealing option for use in utilities and industry. Innovations in methods, such as supercritical and ultra-supercritical CFB boilers, improvements in materials, automation, and digital monitoring are further increasing efficiency, reducing operation costs, and extending the lifespan of boilers. In addition, the market is opening up due to the focus on retrofitting the current thermal power plants to present-day, low-emission CFB systems. As the world shifts towards renewable integration and the concept of a circular economy of energy, the CFB boiler market is likely to continue on its healthy path and contribute to the global transition to more affordable, clean, and versatile energy solutions.

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Increasing Power Generation Demand in Emerging Economies Boosts Market Growth

The increasing demand for electricity generation in the emerging economies propels the growth of the global circulating fluidized bed boiler market. CFB boilers have the potential of burning a wide range of fuels, such as coal, biomass, pet coke, industrial wastes, and have a high thermal efficiency due to the homogenous combustion in a circulating fluidized bed. This flexibility eliminates reliance on a single type of fuel and also enables the plants to be switched to less expensive or locally sourced fuels, which reduces operating expenses and improves reliability. Alongside, the efficiency of combustion will imply fewer unburnt carbon, reduced emissions of NOₓ and SOₓ (through in-bed desulfurization), and improved fuel use in general. An example is that in India, the demand for electricity is on a steady increase, e.g., the total power generation increased by an average of 6.8% to 1,452.43 billion kWh by January 2024. The upward pressure on the generation capacity was characterized by peak demand in the country of around 250 GW in FY 2024-25. This increasing demand presents an excellent argument in favor of fuel-flexible, high-efficiency technologies, such as CFB boilers, particularly in areas where fuel supply is uncertain or co-firing biomass/waste is a viable option.

Latest Trends in the Circulating Fluidized Bed Boiler Market

Increase in Co-firing of Biomass & Waste with Coal-based Feedstock

One of the current trends being experienced in the Circulating Fluidized Bed (CFB) Boiler market is a higher co-firing of both biomass and waste materials alongside the traditional feedstock made of coal. This is the method that power producers are embracing to mitigate carbon emissions to save on fuel expenditure as well as to meet strict environmental standards. Such mixed-fuel combustion is only possible in CFB boilers that have outstanding fuel flexibility and stable operation. This move is in tandem with the global shift towards cleaner energy, without the full ban on existing coal infrastructure. As an example, China Datang International Power Generation Co. started co-firing 20% biomass in the large-scale CFB units in 2025, with significant results in terms of emissions. This development shows the trend in the industry at large, toward sustainable and hybrid fuel power generation technologies.

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Advancing Toward Cleaner and Flexible Power Generation Solutions Shows Promising Growth

The Circulating Fluidized Bed (CFB) Boiler market around the world is showing good prospects due to the fact that countries are seeking cleaner, more efficient, and flexible technologies in producing power. The growing demand for electricity in the new economies, tighter regulation of emissions, and the shift to the integration of renewable energy mean that CFB boilers are now seen as one of the ways to bridge the gap between traditional and sustainable energy. The increased propensity towards biomass and waste co-firing supports their economic and environmental sustainability. The market is poised to grow steadily, with ongoing quality innovation in ultra-supercritical designs, automation, and retrofitting projects, to aid the national and global decarbonization efforts and existing energy resiliency.

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