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  • Published On : Aug 2020
  • Code : CMI4077
  • Industry : Energy
  • Pages : 120
  • Formats :

Coal-fired power generation is a thermal power station plant that burns coal to generate electricity. Gasification, pulverized coal firing, coal cyclone furnace, and fluidized bed combustion are some of the technologies used in the generation of power. Coal is a a major source of power generation plants.

The global coal fired generation market was estimated to account for 2,057.6 Giga Watts in terms of volume by the end of 2019.

Drivers:

Easy availability of raw materials across the Asia Pacific region is primarily fueling the market growth of the coal-fired power generation. Coal is a major source of power generation and Coal-fired power generation. China, India, Indonesia, and Australia are the major producers of coal. Thus, the ready availability of the coal in Asia Pacific region is fueling the market growth of the coal fired power generation.

Rising demand for electricity is expected to augment the market growth of coal-fired power generation. This is attributed to the increasing population which is creating demand for the residential sector. Rapid industrialization and urbanization along with the need for the energy in heavy industries is again expected to propel the market growth of the coal fire power generation. Thus, the growing demand for electricity is projected to propel the market growth.

Figure 1. Global Coal Fired Power Generation Market Share (%) in terms of Volume, By Region, in 2019

Coal Fired Power Generation  | Coherent Market Insights

Asia Pacific region dominated the global coal fired power generation Market in 2019, accounting for 57.3% share in terms of volume, followed by North America and Europe respectively.

Market Restraints

The advent of environmentally friendly technologies is expected to hamper the market growth of coal-fired power generation. Strict regulations regarding greenhouse gas emissions are encouraging manufacturers to launch green technologies. This is expected to hinder the market growth of coal-fired power generation.

The health issues associated with the coal-fired power generation as they release harmful gases which lead to various respiratory problems such as asthma. This is expected to hamper the market growth of coal-fired power generation.

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Coal Fired Power Generation Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: 2,057.6 Giga Watts
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 3.1% 2027 Value Projection: 2,626.7 Giga Watts
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Technology: Pulverized Coal Systems, Cyclone Furnaces, and Others
  • By Application: Residential and Commercial
Companies covered:

American Electric Power Company, Inc., China Datang Corporation, China Huaneng Group, Dominion Energy Solutions, Duke Energy Corporation, E.ON SE, Eskom Holdings, SOC Ltd., Georgia Power Company, Jindal India Thermal Power Limited, Korea Electric Power Corporation, and National Thermal Power Corporation Limited

Growth Drivers:
  • Rising demand for electricity is expected to augment the market growth of coal-fired power generation.
  • Easy availability of raw materials across the Asia Pacific region is primarily fueling the market growth market.
Restraints & Challenges:
  • The health issues associated with the coal-fired power generation hinders market growth.

Market Opportunities

Advancement in combustion technologies is expected to provide potential opportunities over the forecast period. This is attributed to growing awareness regarding greenhouse emissions. Moreover, the growth in the residential sector coupled with the increasing R &D to enhance the efficiency and lower operating costs is again expected to augment the market growth of the coal-fired power generation over the forecast period.

An increase in the number of coal-fired power generation plants around the globe is expected to offer profitable market opportunities over the forecast period. For instance, in February 2020, Japan announced that it is planning to build up to 22 new coal power plants at 17 different sites in the next five years. Thus, an increasing number of coal-fired power generation plants is expected to bolster the market growth of the coal-fired power.

Figure 2. Global Coal Fired Power Generation Market– Opportunity Analysis

Coal Fired Power Generation  | Coherent Market Insights

Market Trends/Key Takeaways

Growth in the textile, refineries, steel, and information technology is expected to augment the market growth of the coal-fired power generation. Increasing production of coal as they are efficient and do not have price volatility issues is increasing their demand across various industries.

An increasing number of international players in the domestic market is a key trend. Various international manufacturer is expanding their presence on the global as well as a regional basis in order to increase their business output. This factor is expected to augment the market growth of the coal-fired power generation over the forecast period.

Figure 3. Global Coal Fired Power Generation Market Share (%) in terms of Volume, By Application, in 2019

Coal Fired Power Generation  | Coherent Market Insights

On the basis of application in 2019, the commercial has accounted the largest market share of 56.7% in terms of volume, followed by residential segment.

Global Coal Fired Power Generation Market- Impact of Coronavirus (Covid-19) Pandemic

The sudden outbreak of the novel coronavirus has put the world to halt. The coal industry is among the worst affected industries, lockdowns has caused temporary and even permanent closures of power plant across the globe. The EU imports of coal for thermal power plants plunged by almost two-thirds in recent months to reach lows not seen in 30 years. The aforesaid reasons are some of the key factors expected to hamper the market growth.

Competitive Section:

Company Names 

  1. American Electric Power Company Inc.
  2. China Datang Corporation
  3. China Huaneng Group
  4. Dominion Energy Solutions
  5. Duke Energy Corporation
  6. E.ON SE
  7. Eskom Holdings SOC Ltd.
  8. Georgia Power Company
  9. Jindal India Thermal Power Limited
  10. Korea Electric Power Corporation
  11. National Thermal Power Corporation Limited

Coal-fired power generation is a thermal power station plant that burns coal to generate electricity. Gasification, pulverized coal firing, coal cyclone furnace, and fluidized bed combustion are some of the technologies used in the generation of power. Coal is a major source of power generation plants.

Market Dynamics

Coal gasification and fluidized bed combustion are witnessing huge demand due to their lower emission standards. Such technologies are expected to experience robust growth due to strict rules and regulations imposed by the government. This has shifted electricity provider company’s preferences towards green technologies such as coal gasification and fluidized bed combustion. This is expected to augment the market growth over the forecast timeframe.

Rising demand for electricity is expected to augment the market growth of coal-fired power generation. This is attributed to the increasing population which is creating demand for the residential sector. Rapid industrialization and urbanization along with the need for the energy in heavy industries is again expected to propel the market growth of the coal fire power generation. Thus, the growing demand for electricity is projected to propel the market growth.

Key features of the study:

  • This report provides in-depth analysis of the  global coal fired generation market and provides market size (Giga Watts) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global building and construction plastics market.
  • It profiles key players in the  global coal fired generation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study American Electric Power Company, Inc., China Datang Corporation, China Huaneng Group, Dominion Energy Solutions, Duke Energy Corporation, E.ON  SE, Eskom Holdings, SOC Ltd., Georgia Power Company, Jindal India Thermal  Power Limited, Korea Electric Power Corporation,   and National Thermal Power Corporation Limited
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global coal fired power generation market report caters to various stakeholders in this industry including investors, suppliers, global soy and milk protein ingredients manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the  global coal fired generation market

Detailed Segmentation:

  • Global Coal Fired Generation Market, By Technology:
    • Pulverized Coal Systems
    • Cyclone Furnaces
    • Others
  • Global Coal Fired Generation Market, By Application:
    • Residential
    • Commercial
  • Global Coal Fired Generation Market, By Region:
    • North America
      • U.S.
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Canada
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
    • Europe
      • U.K.
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Germany
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • France
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Italy
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Spain
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Russia
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Rest of Europe
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
    • Asia Pacific
      • China
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • India
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Japan
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • ASEAN
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Australia
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • South Korea
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Rest of Asia Pacific
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
    • Latin America
      • Brazil
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Polyurethane (PU)
          • Others
        • By Application:
          • Residential
          • Commercial
      • Mexico
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Rest of Latin America
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
    • Middle East & Africa
      • Middle East
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
      • Africa
        • By Technology:
          • Pulverized Coal Systems
          • Cyclone Furnaces
          • Others
        • By Application:
          • Residential
          • Commercial
  • Company Profiles
    • American Electric Power Company, Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • China Datang Corporation
    • China Huaneng Group
    • Dominion Energy Solutions
    • Duke Energy Corporation
    • ON SE        
    • Eskom Holdings SOC Ltd.
    • Georgia Power Company
    • Jindal India Thermal Power Limited
    • Korea Electric Power Corporation
    • National Thermal Power Corporation Limited

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The market for coal fired generation is estimated to surpass 2,626.7 Giga Watts by 2027, exhibiting a CAGR of 3.1% between 2020 and 2027.
Easy availability of raw materials across the Asia Pacific region is primarily fueling the market growth of the coal-fired power generation. Coal is a major source of power generation and Coal-fired power generation. China, India, Indonesia, and Australia are the major producers of coal. Thus, the ready availability of the coal in Asia Pacific region is fueling the market growth of the coal fired power generation.
The coal fired generation market is expected to exhibit a CAGR of 3.1% during the forecast period (2020-2027).
Major players operating in the global coal fired generation Market include American Electric Power Company, Inc., China Datang Corporation, China Huaneng Group, Dominion Energy Solutions, Duke Energy Corporation, E.ON SE, Eskom Holdings, SOC Ltd., Georgia Power Company, Jindal India Thermal Power Limited, Korea Electric Power Corporation, and National Thermal Power Corporation Limited
The health issues associated with the coal-fired power generation as they release harmful gases which lead to various respiratory problems such as asthma. This is expected to hamper the market growth of coal-fired power generation.
Growth in the textile, refineries, steel, and information technology is expected to augment the market growth of the coal-fired power generation. Increasing production of coal as they are efficient and do not have price volatility issues is increasing their demand across various industries.

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