According to the latest report by IMARC Group, titled “Coal-fired Power Generation Market: Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026”, the global power generation market in coal reached a volume of 2,100 GW in 2020., the market is expected to grow at a CAGR of 6.2% during the period 2021-2026.
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A coal-fired power plant is a thermal power plant that uses the combustion of sub-bituminous and less volatile coal to generate electricity. It works by pulverizing coal to produce thermal, mechanical and electrical energy using various technologies, such as cyclone furnace, coal gasification, and fluidized bed combustion. Due to the easy availability and lower cost of coal, it is one of the most commonly used sources for power generation in the world. In addition, coal-fired power plants are more reliable and safer than their nuclear counterparts.
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Rapid industrialization, along with the growing need for electrification in the commercial and residential sectors, is increasing the demand for coal-fired power generation. In addition, growing environmental concerns regarding the emission of heavy pollutants during the combustion of coal have pushed the installation of advanced filters and safer equipment in power generation facilities. In addition, several government agencies are investing heavily in extensive R&D activities for the implementation of clean fuel technologies, which are further expected to boost the market for coal-fired power generation in the coming years.
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List of Key Companies Covered By This Market Report:
- American Electric Power Company (NASDAQ: AEP)
- China Huaneng Group Co. Ltd.
- Dominion Energy Solutions Inc.
- Duke Energy Corporation (NYSE: DUK)
- Eskom Holdings SOC Ltd.
- Jindal India Thermal Power Limited
- NTPC Limited (NSE: NTPC)
- RWE Aktiengesellschaft (ETR: RWE)
- STEAG GmbH (Ksbg Kommunale Beteiligungsgesellschaft Gmbh & Co. Kg)
- Tenaga Nasional Berhad (KLSE: TENAGA)
Breakdown by type:
- Pulverized Coal Systems
- Cyclonic furnace
Breakdown by end user:
Distribution by geography:
- North America (United States and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East and Africa
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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