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Coal Fired Power Generation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Coal Fired Power Generation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021
  • 140 pages
  • ID: 5981458
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global coal fired power generation market reached a volume of 2100 GW in 2020.

Looking forward, the analyst expects the market to grow at a CAGR of 6.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A coal fired power station is a type of thermal plant that utilizes the combustion of sub-bituminous and lower volatile coal to generate electricity. It functions by burning coal to generate thermal, mechanical, and electrical energy using various technologies. As coal is easily available and highly cost effective, it represents the most widely used source for electricity production across the globe. Coal fired power plants are also more reliable and safer than their nuclear counterparts.

The escalating demand for energy on account of rapid industrialization and the increasing dependence on electrification across the globe represents one of the key factors bolstering the market growth. However, coal fired power generation produces huge amounts of polluting gases, including carbon dioxide (CO2) sulfur dioxide (SO2) and nitrogen oxides (NOx). Due to the rising environmental concerns, governing agencies of various counties, along with several energy companies, are investing heavily in research and development (R&D) projects to introduce clean coal technologies. For instance, researchers are developing power plants with carbon capture and storage (CCS) capabilities that offer a flexible and cost-effective solution to decarbonize the energy production process. Furthermore, the demand for power has declined due to the coronavirus disease (COVID-19) outbreak and consequent lockdowns imposed by governments of various countries, which has further resulted in the temporary closure of a number of coal fired power plants. The market is expected to grow once normalcy is regained.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global coal fired power generation market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type and end user.

Breakup by Type:
Pulverized Coal Systems
Cyclone Furnace
Others

Breakup by End User:
Residential
Commercial
Industrial

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being American Electric Power Company, China Huaneng Group Co. Ltd., Dominion Energy Solutions Inc., Duke Energy Corporation, Eskom Holdings SOC Ltd., Jindal India Thermal Power Limited, NTPC Limited, RWE Aktiengesellschaft, STEAG GmbH (Ksbg Kommunale Beteiligungsgesellschaft Gmbh & Co. Kg) and Tenaga Nasional Berhad. Key Questions Answered in This Report:
How has the global coal fired power generation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global coal fired power generation market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global coal fired power generation market and who are the key players?
What is the degree of competition in the industry?

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