Coal Handling Equipment Market Size, Share & Forecast 2019-2025

The global coal handling equipment market has been driven by increasing mining activities across the globe. Coal handling equipment is used to unload in boiler furnace and transport coal at the plant. Coal handling equipment is used during numerous preparation and storage stages. These stages require certain equipment to handle the coal in power plants along with an efficient and smooth quality and material flow system. Coal is still considered as a dominant fuel in the energy sector for power generation across the globe, especially in developing economies such as China and India. Hence, there is an increase in demand for automation, fuel mobility, supply monitoring, and efficient consumption which creates significant opportunities for coal handling equipment market.

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The demand for coal handing equipment is increasing attributed to growing demand from the coal mining industry. The US, China, and Australia have the biggest coal mines by reserve across the globe. The US has three of the world's ten biggest coal mines by reserve while China and Australia each contain two of the biggest. There is a significant demand for coal handing equipment from these countries. The US is technological advancements country and utilize automation and fuel mobility system in order to increase the efficiency of thermal power plants. Further, emerging economies such as India and China have well-developed power generation facilities deploying coal as the major fuel that assist these economies in maintaining a major position in the market.

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Furthermore, monitoring of coal quality increased coal mining activity and highly efficient material tracking will fuel the growth of the market. However, the growth of the market is expected to slow down due to factors such as stringent regulations by governments and environmental concerns across the globe. Additionally, renewable energy such as solar energy, wind energy, and hydroelectricity is being promoted through government initiatives for power generation. These are anticipated to critically affect the global coal handling equipment market in the future.

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Current Market Trends Covered in the Market Report:
High demand for mine planning and automation solutions
Asia-Pacific region– an emerging sector in the global coal handling equipment market
New product development and technological advancements- key drivers of competition
Impact of renewables sources for power generation
Need for faster fuel mobility across the globe

Global Coal Handling Equipment Market – Segmentation
By Application
Crushing
Pulverizing and Screening
Drills and Breakers
Dust Collection
Others (Surface Mining, Underground Mining)

By Type
Material Handling Equipment
Belt Conveyor
Screw Conveyor
Bucket Elevator
Crushing Equipment

Global Coal Handling Equipment Market –Region
North America
Europe
Asia-Pacific
Rest of the World

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Source: https://www.omrglobal.com/press-release/global-coal-handling-equipment-market

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