Dublin, Oct. 28, 2021 (GLOBE NEWSWIRE) -- The "Coal Power Generation Market Size, Share & Trends Analysis Report By Technology (Pulverized, Cyclone Furnaces), By Application (Residential, Commercial & Industrial), By Region, and Segment Forecasts, 2020-2028" report has been added to ResearchAndMarkets.com's offering.
The global coal power generation market demand to reach 2,228.32 GW by 2028 and is expected to expand at a CAGR of 1.6% from 2020 to 2028
Strong energy demand is expected to drive the coal industry to generate electricity. Coal is a key material for electricity generation owing to its abundant availability and low cost. The COVID-19 pandemic has resulted in stagnated growth of industrial activities around the globe owing to lockdown measures imposed in most countries, which has reduced the demand for new coal-based plants for power generation in industrial sectors.
Its demand from prospective industrial customers is expected to be on the lower side on account of funds that were previously allotted for industrial development but were diverted to combat the COVID-19 crisis. Pulverized coal firing is traditionally the most widely used technology over cyclone furnaces or others due to higher thermal efficiency and lesser emissions.
The factors, such as high emission rate, are expected to cater to the growth of Cleaner Circulating Fluidized Bed (CFB) systems with 1.0% CAGR over the forecasted period in comparison with the traditional technologies.
Uniper SE plans to end the commercial production of electricity of its Heyden 4 hard coal power plant in Germany by January 2021 and close the plant completely by July 2021. In October 2019, NTPC announced that it installed two 660 MW units at the Tanda and Khargone super thermal power generation stations.
The availability of raw material is a key factor that affects any production process, controls its setup, and helps drive market growth. In the case of coal-fired power generation, coal is utilized as an energy source and is a major raw material used for power production.
Coal Power Generation Market Report Highlights
- In terms of volume, the pulverized coal systems segment accounted for the maximum volume share in 2020 and is further expected to witness prominent growth over the forecast period.
- The residential application segment dominated the market and accounted for more than 56% of the volume share in 2020.
- In 2020, Asia Pacific accounted for the largest volume share of more than 74.5% and will retain the leading position throughout the forecast period.
- The presence of well-established players in India, Japan, China, and South Korea is anticipated to provide further impetus to the APAC regional market growth.
- On the other hand, Middle East & Africa is estimated to register the fastest CAGR over the forecast period.
Key Topics Covered:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Market Definitions
Chapter 4 Market Variables, Trends & Scope
4.1 Market Size and Growth Prospects
4.2 Industry value chain analysis
4.3 Coal power generation Market Dynamics
4.3.1 Market Driver
4.3.1.1 Availability of raw material in abundance
4.3.1.2 Presence of coal-based economies primarily in the Asia Pacific region
4.3.2 Market Restraint Analysis
4.3.2.1 Growing Demand For Electric Power Through Clean Energy Sources
4.3.3 Opportunity Assessment
4.4 Penetration & Growth Prospect Mapping
4.5 Regulatory Framework
4.6 Business Environment Analysis: Coal Power Generation Market
4.6.1 Industry Analysis - Porter's
4.6.2 PESTEL analysis
4.7 Impact of COVID-19 on Coal Power Generation
4.7.1 Challenges
4.7.2 Impact Verdict - Medium
Chapter 5 Coal Power Generation Market: Technology Estimates & Trend Analysis
5.1 Coal Power Generation market share by technology, 2020 & 2028
5.1.1 Pulverized Coal Systems
5.1.2 Cyclone Furnaces
5.1.3 Others
Chapter 6 Coal Power Generation Market: Application Estimates & Trend Analysis
6.1 Coal Power Generation market share by application, 2020 & 2028
6.1.1 Residential
6.1.2 Commercial & Industrial
Chapter 7 Global Coal Power Generation Market: Regional Estimates & Trend Analysis
7.1 Global Coal Power Generation Market: Regional Movement Analysis, 2020 & 2028
Chapter 8 Company Profiles
- Uniper SE
- CHINA SHENHUA
- China Huadian Corporation LTD. (CHD)
- China Huaneng Group Co., Ltd.
- American Electric Power Company, Inc.
- Dominion Energy
- Jindal India Thermal Power ltd.
- RWE
- NTPC Ltd.
- Southern Company
- KEPCO Engineering & Construction Company. INC
- Duke Energy Corporation
- TENAGA NASIONAL BERHAD
- STEAG GMBH
- YONDEN Shikoku Electric Power CO.,Inc.
For more information about this report visit https://www.researchandmarkets.com/r/sv4ya1
