Coal fired power generation market
Coal Fired Power Generation Market, By Technology (Pulverized Coal Systems, Cyclone Furnaces, Others), By Application (Residential, Commercial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
- Aug 2020
- CMI4077
- 120 Pages
- Excel & Pdf
- Energy
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
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.
Coal Fired Power Generation Market Report Coverage
Report Coverage | Details | ||
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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: |
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Segments covered: |
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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 |
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Growth Drivers: |
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Restraints & Challenges: |
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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
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
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
- 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
- National Thermal Power Corporation Limited
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Drivers
- Cost Tier Down Analysis
- Market Dynamics
- Global Coal Fired Power Generation Market– Impact of Coronavirus (Covid-19) Pandemic
- Impact of Coronavirus – Overview
- Impact Analysis, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Global Coal Fired Power Generation Market, By Technology, 2017 - 2027 (Giga Watts)
- Introduction
- Market Share Analysis, 2017 and 2027
- Y-o-Y Growth Analysis, 2020 – 2027 (%)
- Segment Trends
- Pulverized Coal Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (Giga Watts)
- Cyclone Furnaces
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (Giga Watts)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (Giga Watts)
- Introduction
- Global Coal Fired Power Generation Market, By Application, 2017 - 2027 (Giga Watts)
- Introduction
- Market Share Analysis, 2017 and 2027
- Y-o-Y Growth Analysis, 2020 – 2027 (%)
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (Giga Watts)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (Giga Watts)
- Introduction
- Global Coal Fired Power Generation Market, By Region, 2017- 2027 (Giga Watts)
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- Introduction
- Market Share Analysis, By Region, 2017 and 2027
- Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
- North America
- Market Share Analysis, By Country, 2017 and 2027
- Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
- U.S.
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Canada
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- U.S.
- Europe
- Market Share Analysis, By Country, 2017 and 2027
- Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
- U.K.
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Germany
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- France
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Italy
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Spain
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Russia
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2017 and 2027
- Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
- China
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- India
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Japan
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- ASEAN
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Australia
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- South Korea
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- China
- Latin America
- Market Share Analysis, By Country, 2017 and 2027
- Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
- Brazil
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Mexico
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Argentina
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Brazil
- Middle East & Africa
- Market Share Analysis, By Sub-Region, 2017 and 2027
- Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
- Middle East
- Sub-region Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Africa
- Sub-region Trends
- Market Size and Forecast, By Technology, 2017- 2027 (Giga Watts)
- Market Size and Forecast, By Application, 2017- 2027 (Giga Watts)
- Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- American Electric Power Company, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- China Datang Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- China Huaneng Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Dominion Energy Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Duke energy Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- E.ON SE
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Eskom Holdings SOC Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Georgia Power Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Jindal India Thermal Power Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Korea Electric Power Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- National Thermal Power Corporation Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- American Electric Power Company, Inc.
- Section
- References
- Research Methodology
- About us and Sales Contact