About Coal Fired Power Generation
Power generation is a growing industry with economic and productivity implications worldwide. With the advent of the modern coal-fired power station and thermal power station that generates electricity by burning coal. The Coal-Fired Power Generation market has high growth prospects due to pulverized coal firing, cyclone furnace, coal gasification and fluidized bed combustion. Rise in the consumer preference towards energy-efficient materials and eco-friendly products will further boost the product demand. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the cleaner electricity generation sources.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Competition among existing players is due to the Coal Fired Power Generation market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Coal Fired Power Generation market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Coal Fired Power Generation 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.
China Huadian (China), CHINA SHENHUA (China), NTPC (India), Southern Company (United States), Uniper (Germany), China Datang (China), Shenhua (China), Korea Electric (South Korea), Duke Energy (United States) and E.On (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Coal Fired Power Generation market by Type (Pulverized Coal Systems and Cyclone Furnaces), Application (Government & Utilities, Oil, Gas & Mining, Construction, Events, Industrial and Others) and Region.
On the basis of geography, the market of Coal Fired Power Generation 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). North America region held largest market share in the year 2023.
Influencing Trend:
Rising Demand for Cleaner Energy generation Sources. and Reduces Carbon Emission and Fuel Costs
Market Growth Drivers:
Increasing Industrialization and Urbanization and Rapid R&D Initiatives to Increase Efficiency and Streamlines Logistical Procedures
Challenges:
Substitutes available such as Oil and Natural Gas. and Advent of Environmental Friendly Technologies
Restraints:
Stringent Regulations and Environmental Concerns and Volatile Pricing Hamper the Growth of Other Power Generation Fuel.
Opportunities:
Technological Advancements Such as Coal Gasification and Fluidized Bed Combustion and Increasing Demand at Asia-Pacific Regions
Market Leaders and their expansionary development strategies
In May 2019, Oklahoma Gas & Electric (OG&E) has completely acquired coal-fired and cogeneration plants in Oklahoma. This acquisition is beneficial for feasibility of converting coal-fired into natural gas-fired generation. It will strengthen the market presence and beneficial to increase its geographical areas.
In 22 February 2023, the Indonesian Ministry of Energy and Mineral Resources (MEMR) announced the launch of a mandatory, intensity-based emissions trading system (ETS) for the power generation sector.
“According to Environmental Protection Agency’s (EPA) regulations, it has aimed at reducing the output of carbon dioxide from the nation’s fleet of fossil-fueled electric generation facilities. These proposed limitations would not prevent the development of modern generation facilities using natural gas, the proposal effectively banned the construction of coal-fired generation due to the fact that the most technologically advanced coal-fired power plants in the nation still emit approximately 1,700 pounds of carbon dioxide per megawatt-hour of electricity produced.”
Key Target Audience
Coal Fired Power Generation Provider, End-Use Market Participants of Different Segments of Coal Fired Power Generation, Government and Research Organizations, R&D Institutions and Others
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.