Industry Background:
Coal handling systems make an integral part of a whole material flow & quality management system. Today, focus has shifted from optimizing single parts of the system to advanced automation solutions. Coal handling is the primary process of power generation in each coal fired power plant. The coal goes through various preparation and storage phases, like from its unloading at the plant site to its subsequent firing in the boiler furnace. These systems are an important part of the overall coal quality management system & material flow of the power plant. Owing to the various procedures and equipment’s involved in the coal handling phase, the total number of possible players in the market is substantial. Coal handling equipment supplies are straight reliant on the growth of coal driven electricity generation in a region. Countries like India and China which have coal powered electricity inhabiting a main position of their complete energy mix, display very high growth prospects over the near future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Dominating Application | Surface Mining |
Key Companies Profiled | Atlas Copco (Sweden), Caterpillar Inc. (United States), Elecon Engineering Company Limited (India), Fab 3R (Canada), GMV Engineering Pvt. Ltd. (India), Hitachi Construction Machinery Co., Ltd. (Japan), Deere & Company (United States), Terex Corporation (United States), Volvo Construction Equipment (Sweden) and Sany Heavy Industry Co., Ltd.(China) |
According to AMA, the market for Coal Handling Equipments is expected to register a CAGR of 8.5% during the forecast period to 2028. This growth is primarily driven by Increasing Demand for Power Generation and Growing Urbanization and Development in Growing Countries.
Globally, a noticeable market trend is evident Automation in the Coal Handling Equipments
The Electrical Components & Equipment sector in the Asia-Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Atlas Copco (Sweden), Caterpillar Inc. (United States), Elecon Engineering Company Limited (India), Fab 3R (Canada), GMV Engineering Pvt. Ltd. (India), Hitachi Construction Machinery Co., Ltd. (Japan), Deere & Company (United States), Terex Corporation (United States), Volvo Construction Equipment (Sweden) and Sany Heavy Industry Co., Ltd.(China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. This industry is extremely cost-intensive as well as requires heavy initial investment. Many key players in the market are taking strong measures as well as investing heavily in R&D initiatives to develop superior & efficient equipment. For Instance, in March 2018, Volvo Construction Equipment (Sweden) decided to use 3D printing to rapidly and efficiently offer spare parts to the consumers. This technological advancement is expected to help the company support its consumers throughout the life cycle of its
In August 2022, BHP Group Limited, Caterpillar Inc., and Finning International Inc. announced a collective agreement to upgrade the complete haul truck fleet at the Escondida mine. This mine, located in the Antofagasta Region of northern Chile, holds the distinction of being the world's largest copper producer. By this agreement the newly introduced Caterpillar 798 AC electric drive trucks will incorporate advanced technology that brings substantial enhancements in material-moving capacity, efficiency, reliability, and safety., and In July 2022, Doosan Infracore North America is expanding its lineup of next-generation -7 Series wheel loaders with the introduction of three new models in the United States and Canada. The latest iteration of Doosan wheel loaders presents a next-generation design, showcasing newly redesigned cabs that prioritize first-class comfort features. These advanced loaders also offer increased bucket capacities and incorporate innovative fuel-saving technologies.
Influencing Trend:
Automation in the Coal Handling Equipments and Increasing Consumption of Coal Handling Equipments in Coal Mining Process
Market Growth Drivers:
Increasing Demand for Power Generation and Growing Urbanization and Development in Growing Countries
Challenges:
New Number of Entrants Increasing the Competition in the Market
Restraints:
Lessening of Renewable Sources and Energy and Strict Government Regulations on Emission
Opportunities:
Extremely Efficient Material Tracking and Increasing Coal Mining Activity will Boost the Coal Handling Equipments Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Coal Handling Equipments Market
- Analysis about New Entrants in Coal Handling Equipments Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Coal Handling Equipments Study Sheds Light on
The Coal Handling Equipments Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Coal Handling Equipments industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Coal Handling Equipments industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.