According to IMARC Group’s latest report, titled “Coal Fired Power Generation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global coal fired power generation market reached a volume of 2100 GW in 2020. Looking forward, the market is expected to grow at a CAGR of 6.2% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A coal-fired power station is a thermal power plant that uses combustion of sub-bituminous and lower volatile coal to generate power. It functions by pulverizing the coal to produce thermal, mechanical, and electrical energy using various technologies, such as cyclone furnace, coal gasification, and fluidized bed combustion. Owing to the easy availability and lower cost of coal, it is one of the most commonly used sources for the generation of electricity globally. Moreover, coal-fired plants are more dependable and safer than their nuclear equivalents.
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Rapid industrialization, along with the growing necessity of electrification across the commercial and residential sectors, is augmenting the demand for coal-fired power generation. Furthermore, the growing environmental concerns towards the emission of heavy pollutants during coal combustion have propelled the installation of advanced filters and safer equipment in the power generation facilities. Additionally, several government bodies are heavily investing in extensive R&D activities for implementing clean fuel technologies, which are further expected to drive the market for coal-fired power generation in the coming years.
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List of Key Companies Covered in 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)
Breakup by Type:
- Pulverized Coal Systems
- Cyclone Furnace
Breakup by End User:
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key 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
- Comprehensive 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 a part of the customization.
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