Coal Power Generation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The increasing energy demand is expected to drive the coal industry to generate electricity. Coal is a key product for electricity generation due to its abundant availability and low cost compared to other electricity generation technologies. These factors are expected to drive the market's growth during the forecast period. The increasing electricity demand, a rising population, which is creating demand for the residential sector, rapid industrialization and urbanization along with the need for energy in heavy industries, easy availability of raw materials across the globe, coal gasification, and fluidized bed combustion is witnessing high demand owing to their lower emission standards are the key as well as important factors which will be expected to augment the growth of the coal power generation market in the projected timeframe.

MARKET SCOPE

The "Global Coal Power Generation Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the coal power generation market with detailed market segmentation by technology, application, and geography. The global coal power generation market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading coal power generation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global coal power generation market is segmented by technology, and application.

  On the basis of technology, the market is segmented into Pulverized Coal Systems, Coal Furnaces, Others.

  On the basis of application, the market is segmented into Residential, Commercial.

MARKET DYNAMICS

Drivers-

  The rapidly growing power demand from developing nations due to large-scale urbanization and industrialization has driven the demand for the coal power generation market.
Restrains

  However, stringent rules and regulations over greenhouse gas emissions are anticipated to restrain the coal power generation market growth in the coming years.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19

The sudden outbreak of COVID-19 has put the world to a halt. The coal industry is among the worst affected industries; lockdowns have caused temporary and even permanent closures of power plants 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 reasons above are some key factors expected to hamper the market growth. The COVID-19 pandemic has stagnated the growth of industrial activities around the globe owing to lockdown measures imposed in most countries, which have declined the demand for new coal-based plants for power generation in industrial sectors. Additionally, its demand from prospective industrial customers is expected to be on the lower side because of funds previously allotted for industrial development but diverted to combat the COVID-19 crisis. However, India's coal-based power generation increased by 26.58% to 95,880 million units in June 2022. It comes in the wake of several parts of the country witnessing power outrages in the peak summer months of April and May due to a shortage of coal supplies at various thermal plants. Furthermore, India plans to reduce power generation from at least 81 coal-fired utilities over the next four years to replace expensive thermal generation with cheaper green energy sources. This government initiative might help the market recover from the Covid-19 disruptions to some extent.

MARKET PLAYERS

The reports cover key developments in the coal power generation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from coal power generation market are anticipated to lucrative growth opportunities in the future with the rising demand for coal power generation in the global market. Below mentioned is the list of few companies engaged in the coal power generation market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coal power generation market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   NTPC Ltd
  
•   Southern Company
  
•   Uniper SE
  
•   CHINA SHENHUA
  
•   Duke Energy Corporation
  
•   China Huadian Corporation LTD
  
•   KEPCO Engineering and Construction Company. INC
  
•   American Electric Power Company, Inc
  
•   Dominion Energy
  
•   Jindal India Thermal Power ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Coal Power Generation Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Technology Pulverized Coal Systems Coal Furnaces By Application Residential Commercial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	NTPC Ltd Southern Company Uniper SE CHINA SHENHUA Duke Energy Corporation China Huadian Corporation LTD KEPCO Engineering and Construction Company. INC American Electric Power Company, Inc Dominion Energy