About Coal Water Slurry
Coal Water Slurry is also known as coal-water suspension. It is a coal-based fuel, environment-friendly which can be used to replace petroleum fuel in the energy and process industries. It is a mixture of 65% to 70 % coal with 30% to 35% water and 1% additive. China is recognized as the largest producer and user of slurry fuels. As the increasing demand for clean energy has projected the growth of the global coal water slurry market in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 12.5% |
To entice more end users, market players are focusing on providing Coal Water Slurry of higher quality while adhering to all regulatory standards. In the global Coal Water Slurry market, there are numerous large-scale producers and distributors. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Coal Water Slurry market is currently expanding due to the increasing number of technological advancements in energy and utilities. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions. Analyst at AMA Research estimates that Asian Manufacturers will contribute the maximum growth to Global Coal Water Slurry market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Datong Huihai (China), Effective Energy Technologies GmbH (Austria ), Mao Ming Clean Energy (China), MeiKe Clean New Energy (China), Sanrang Jieneng (China), Tai An Xinhuanneng (China), Pingxiang Shui Mei Jiang (China) and Cynergi Holding (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Coal Water Slurry market by Type (High Concentration CWS, Medium Concentration CWS and Others), Application (Electric Power Industry, Chemical Industry, Metal Industry and Others) and Region.
On the basis of geography, the market of Coal Water Slurry 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).
Coal Water Slurry Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Energy Demand Globally
- Environmental and Safety Issues in Coal Mining and Coal Beneficiation
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Influencing Trends | - Increasing Rapidly Industrialization in Developing Countries
- Increasing awareness about renewable energy sources for power generation and water scarcity
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Restraints | - Rising awareness of climate change and renewable energy will hinder market growth.
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Road Blocks / Challenges | - Presence of Alternative Fuel Such as Oil or Liquid Fuel
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Gaps & Opportunities | - Design and Development of Coal Water Slurry for Industrial Process Heating in Various Countries
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Market Leaders and their expansionary development strategies
In December 2021, Lee Specialties, Inc. and Nexus Energy Technologies, Inc. today announced that their companies have merged. The combined company, NXL Technologies, Inc., will create the leading global wireline and coiled tubing pressure control equipment manufacturer, providing sales, rental, service, and repair of proprietary blowout preventers, remote good connection devices, accumulators, lubricators, electric-powered wireline skids, and ancillary equipment to the energy sector.
According to IEA, Electricity demand in India is expected to reach 1900 terawatt-hours by 2022 and its carbon dioxide emission from coal combustion would reach 3.3 Giga Tons (Gt) in 2030. Infact electricity distribution without power outage can be achieved by using alternative fuel such as coal water slurry. Thus, the coal water slurry market is anticipated to expand at a quick pace in India compared to rest of Asia Pacific countries during the forecast period.
Key Target Audience
Coal Water Slurry Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.