Dublin, April 19, 2023 (GLOBE NEWSWIRE) -- The "Lignite Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global lignite market will grow from $103.72 billion in 2022 to $107.13 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The lignite market is expected to grow to $101.69 billion in 2027 at a CAGR of -1.3%.
The rise in demand for electricity or power generation is expected to propel the growth of the lignite mining market going forward. Lignite mining is used to in the steam-electric power generation. For instance, according to the IEA (International energy agency) report in 2021, there is an expected rise of 5% in electricity demand.
In another instance, according to Canada's Upstream Oil & Natural Gas Industry, with the global population expected to increase by about two billion over the next two decades, and it is estimated that by 2040 electricity generation is expected to increase by 49%. Therefore, the rise in demand for electricity or power generation is driving the growth of the lignite mining market.
Mining companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. With a web-based interface, information about the model is available with any connected device.
It offers a full record and playback capabilities in 3D thus allowing operators to review and analyze historical data to improve productivity and identify best practices. 3D mine visualizers significantly enhance the productivity of large mining environments. It is a valuable tool in operations planning, analyzing problematic areas, and tracking mine development over time. Companies such as Sandvik and Komatsu are offering 3D visualizer systems.
Asia-Pacific was the largest region in the lignite mining market in 2021. The regions covered in lignite mining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the lignite mining market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Scope
Markets Covered:
1) By Type: Electricity generation; Fertilizer Based Production and Synthetic Natural Gas Generation
2) By Source: Non-Renewable; Renewable
3) By Application: Commercial; Industrial; Residential
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Lignite Mining Market Characteristics
4. Lignite Mining Market Product Analysis
5. Lignite Mining Market Supply Chain
6. Lignite Mining Market Customer Information
7. Lignite Mining Market Trends And Strategies
8. Lignite Mining Market Size And Growth
9. Lignite Mining Market Regional Analysis
10. Lignite Mining Market Segmentation
11. Lignite Mining Market Metrics
12. Asia-Pacific Lignite Mining Market
13. Western Europe Lignite Mining Market
14. Eastern Europe Lignite Mining Market
15. North America Lignite Mining Market
16. South America Lignite Mining Market
17. Middle East Lignite Mining Market
18. Africa Lignite Mining Market
19. Lignite Mining Market Competitive Landscape
20. Key Mergers And Acquisitions In The Lignite Mining Market
21. Market Background: Coal, Lignite, And Anthracite Mining Market
22. Recommendations
23. Appendix
A selection of companies mentioned in this report includes
- Coal India Limited
- ShenHua Group
- China Coal Energy Co Ltd.
- Anglo American plc
- BHP Billiton Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/zc2x2r
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