Coal Handling System Market Expected to Expand at a Steady CAGR through 2028
Coal handling systems are primarily used for bulk handling applications and are predominantly available in large plants in mining and power generation industries. They are used for various functions in power plants and their key function is managing the coal stock. The coal handling systems are used for crushing, feeding and stacking operations. A coal handling system has various parts, such as a magnetic separator and dust extractor.
Coal handling systems can be installed in two different ways: internal and external. An internal coal handling system usually has one or two conveyors whereas an external coal handling system has more than 2 conveyor systems. An external coal handling system includes magnetic pulley, crusher feeding belt conveyors, coal crusher, vibrating screen, suspension magnet, grizzly hopper and recycle elevator. Growing installation and deployment of modern coal handling systems will enhance the coal handling system market.
End-users of coal handling systems mostly prefer customized products due to budgetary constraints and operations. Customized engineering solutions for coal handling systems offer better operational conditions for end users. The players in the coal handling system market are mostly regional players and the market is scattered. However, there is prevalence of high competition in the regional market in countries, such as India and China.
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Coal Handling System: Market Dynamics
Government regulations regarding coal fired power stations and other related coal fed operations have reduced the demand for coal handling systems. Various initiatives being taken by countries to reduce greenhouse gas emission will also affect the global coal handling system market during the forecast period. It is anticipated that by the next decade, coal fed operations will face a major breakdown and the coal handling system market will witness declining market share. In addition to this, government policies, in terms of subsidiaries, have shifted the growth momentum towards renewable energy resources, which, in turn, is affecting the global coal handling system market.
Major advancements in terms of technology for coal handling systems is supporting the growth of the global coal handling system market. Manufacturers of coal handling systems are striving to gain market revenue through the replacement of legacy systems. Investments in thermal power plants for both brownfield and Greenfield projects will drive the global coal handling system market.
Coal Handling System: Regional Outlook
The global coal handling system market is facing major challenges. The major challenges are government regulations and adoption of alternative energy resources. European countries are enforcing stringent regulations for coal fed operations, which is affecting the coal handling system’s market growth. Currently, the coal handling system market is witnessing growth momentum only in under-developed and developing countries.
Alternative energy resources, such as shale gas, hydro, wind and solar energy, are witnessing growth momentum in the global market, which is affecting the global coal handling system market. Countries, such as China, India, Australia and some African countries, will provide key growth momentum to the global coal handling system market during the forecast period.
Coal Handling System: Key Market Participants
Some of the key market participants in the global coal handling system market are:
MBL, DUCON, Energo Engineering Projects Limited., OSM PROJEC TS PRIVATE LIMITED, Rollcon Engineers, Universal Engineering & Equipments Manufacturers,
Darshini Engineers, INDUS GROUP INDIA, Shanghai ZME Company, CONBEST Machinery, CBM Company, Shanghai GBM Company, BIZZ MACHINERY, Shanghai Xuanshi Machinery Co., Ltd.,
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