Coal Power Generation Market

Coal Power Generation Market is anticipated to grow at higher CAGR during the forecast period due to rapid industrialization and increased dependency on electrification across the globe.

Coal Power Generation Market Overview

A coal-fired power station is a type of thermal plant that uses the combustion of sub-bituminous (like anthracite) and lower volatile coal in a boiler to produce steam. The steam produced, under tremendous pressure, flows into a turbine which generates electricity. It initializes by burning coal to generate mechanical, electrical, and thermal energy using various technologies. As coal is easily available and very cost-effective, it represents the most widely used source for energy production across the globe. Coal-fired power plants are more reliable and considered safer than their nuclear counterparts.

To have an edge over the competition by knowing the market dynamics and current trends of “Coal Power Generation Market”, request for Sample Report here

Major Coal Power Generation Market Drivers

The factors driving the global Coal Power Generation market include escalating demand for energy owing to rapid industrialization and increased dependency on electrification across the globe. For instance, according to the report by International Energy Agency, electricity demand rose by 5% in 2021 with almost half the increment met by fossil fuels, mainly coal which can expand the market over the forecasted period.

Furthermore, the availability of raw material is another factor that influence any production process and helps driving market growth. Coal is utilized as energy technology and is a major raw material used for power production. Countries like China, Australia, India, and Indonesia are one of the major coal producers. The Asia-Pacific region contributed to around two-third of the global coal production. This ready availability of raw material makes the production process cheaper and most reliable technology for power generation.

Restraint in the Coal Power Generation Market

However, owing to the detrimental effect on the environment many countries have pledge to ban coal usage. For instance, in 2021, more than 40 countries pledged to phase out coal at the United Nations climate summit which can hamper the overall growth of the market

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Technology – Segment Analysis

Based on the Technology, pulverized technology is expected to grow at the high CAGR in the global Coal Power Generation market during the forecast period owing to higher thermal efficiency and lesser emissions. Pulverized coal firing ensures complete combustion of coal, thus ensuring higher efficiency, and are predominantly adopted in large coal-fired utility boilers. The finer grinding coal makes it more efficient to combustion. For instance, in 2021, according to World Nuclear Association, pulverized coal might be used as a fuel for large marine engines, in place of heavy fuel oil and Oxy-fuel technology has the potential for retrofitting existing pulverised coal plants, which is the backbone of electricity generation in many countries.

Application – Segment Analysis

Based on the application, the residential segment is projected to capture the largest market share over the forecast period owing to being an essential part of modern life. People use electricity for heating, lighting, cooling, refrigeration, and for other appliances. For instance, according to U.S. Energy Information Administration, in 2021, 1.5 trillion kilowatt-hours were used for residential purposes and mainly for cooling and heating purposes. Moreover, USA electricity generation in 2020 was 19 % from coal which signifies the surge in the Coal Power Generation market for residential purposes.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is expected to grow at high CAGR in the Coal Power Generation market over the forecasted period due to the rapid urbanization with GDP growth of 5.2%, according to IMF. Furthermore, according to IEA(International Energy Agency), coal consumption will rise 2.6% to 7432 Mt in 2021 as a result of increased demand in China, India, and Southeast Asia, which will likely to surge the overall demand of coal in the region.

Top Market Players

Various notable players operating in the market, include, Uniper SE, CHINA SHENHUA, Duke Energy Corporation, American Electric Power Company, YONDEN Shikoku Electric Power CO, TENAGA NASIONAL BERHAD, Southern Company, China Huadian Corporation LTD, KEPCO Engineering & Construction Company. INC, NTPC Ltd, among others. 

Key Developments:

• • In 2021, China Energy Group, the country biggest coal miner started production at its 400,000-tonne coal-to-ethylene glycol project in Yulin city. The project involves coal mines with 13 million tonnes per annum capacity.
  • In 2020, South Korea’s state-owned utility Korea Electric Power (Kepco) announced that it will invest in the construction of two coal-fired power plants on the Indonesian island of Java. 

Segments covered in the Report:

The global Coal Power Generation market has been segmented on the basis of technology, application, and regions. Based on technology, the market is segmented into pulverized, cyclone furnaces, other technologies. Based on application, the market is segmented into Residential, Commercial and Industrial. 

For detailed scope of the “Coal Power Generation Market” report request a Sample Copy of the report

Market Segmentation

Global Coal Power Generation Market by Technology

• • Pulverized
  • Cyclone Furnaces
  • Other Technologies

Global Coal Power Generation Market by Application

• • Residential
  • Commercial
  • Industrial

Global Coal Power Generation Market by Region

• • North America Coal Power Generation Market (Option 1: As a part of the free 25% customization)

    • North America Coal Power Generation Market by Technology
    • North America Coal Power Generation Market by Application
    • US Coal Power Generation Market All-Up
    • Canada Coal Power Generation Market All-Up

  • Europe Coal Power Generation Market (Option 2: As a part of the free 25% customization)

    • Europe Coal Power Generation Market by Technology
    • Europe Coal Power Generation Market by Application
    • UK Coal Power Generation Market All-Up
    • Germany Coal Power Generation Market All-Up
    • France Coal Power Generation Market All-Up
    • Spain Coal Power Generation Market All-Up
    • Rest of Europe Coal Power Generation Market All-Up

  • Asia-Pacific Coal Power Generation Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Coal Power Generation Market by Technology
    • Asia-Pacific Coal Power Generation Market by Application
    • China Coal Power Generation Market All-Up
    • India Coal Power Generation Market All-Up
    • Japan Coal Power Generation Market All-Up
    • Rest of APAC Coal Power Generation Market All-Up

  • RoW Coal Power Generation Market (Option 4: As a part of the free 25% customization)

    • RoW Coal Power Generation Market by Technology
    • RoW Coal Power Generation Market by Application
    • Brazil Coal Power Generation Market All-Up
    • South Africa Coal Power Generation Market All-Up
    • Saudi Arabia Coal Power Generation Market All-Up
    • UAE Coal Power Generation Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Coal Power Generation Market All-Up

Major Players Operating in the Coal Power Generation (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Uniper SE
  • CHINA SHENHUA
  • Duke Energy Corporation
  • American Electric Power Company
  • YONDEN Shikoku Electric Power CO.
  • TENAGA NASIONAL BERHAD
  • Southern Company
  • China Huadian Corporation LTD
  • KEPCO Engineering & Construction Company. INC
  • NTPC Ltd