Steam Coal Market Scope
Steam coal, also known as thermal coal, is used to generate electricity. Steam coal is suitable for electric power production. It is ground into a fine powder that burns quickly at high heat and used in power plant to heat water in boilers that run steam turbines. In early days, conventional coal-fired power stations used lump coal which was burnt on a grate in boilers to raise steam. Nowadays, the coal is first milled to a fine powder, which increases the surface area and allows it to burn more quickly.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Steam Coal market throughout the predicted period.
Peabody Energy (United States), Siberian Anthracite (Russia), Arch Coal, Inc. (United States), Reading Anthracite Coal (United States), Blaschak Coal (United States), Celtic Energy (United Kingdom), China Coal Energy (China), China Shenhua Energy (China), Coal India Limited (CIL) (India), Glencore (Switzerland) and Sadovaya Group (Ukraine) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are VostokCoal (Russia) and Yangquan Coal Industry (China).
Segmentation Overview
The study have segmented the market of Global Steam Coal market by Type (Lump Steam Coal and Steam Coal Fines), by Application (Power, Cement and Others) and Region with country level break-up.
On the basis of geography, the market of Steam Coal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Adoption of Clean Coal-based Power Generation and Development of Improved Ash Handling Technologies
Market Growth Drivers:
Rise In Population and Growing Urbanization and Rise in Requirement of Large Amount of Energy for the Production of Cement for the Building & Construction Industry
Restraints:
Environmental Concerns Regarding Usage of Non-Renewable Source and Rise in Preferences of Renewable Energy Source
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.