Global Coal Handling Equipment Market is expected to grow at a CAGR of XX% during the forecast period from 2019-2025

As per the report published by Fior Markets, The global coal handling equipment market is expected to grow from USD XX million in 2018 to USD XX million by 2026 at a CAGR of XX% during the forecast period from 2019-2026. Asia Pacific is fastest growing region due to the increasing mining industry, government initiatives to promote renewable power generation sources, and investments in coal mines.

Coal Handling Equipment Market by Type (Material Handling, Crushing Equipment), Application (Underground Mining, Surface Mining, Coal Processing), Region and Global Forecast 2019-2026.

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Prominent companies in the industry include Caterpillar, Inc., Hitachi Construction Machinery Co., Ltd., Terex Corp., Aesha Conveyors & Crushing Equipment, Universal Engineering & Equipment Manufacturers, Eriez Manufacturing Co., GMV Projects and Systems, Elecon EPC Projects Ltd., Mitrays Industries, Atlas Copco, Roberts & Schaefer, General Kinematics Corporation, Komatsu Ltd., Sandvik AB,Magnetool, Inc., Mineral Products, Inc., CDM Systems, Inc., and others are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.

Type segment includes material handling and crushing equipment. The material handling segment is further divided into belt conveyor, screw conveyor, and bucket elevators. The crushing equipment held the highest market size in the market owing to stationary demand for power generation in upcoming years. However the material handling segment is anticipated to grow with the highest growth rate due to the high technological advancement and increasing efficiency requirements. Application segment covers underground mining, surface mining, and coal processing. The underground mining segment will account for the highest market share in the mining industry due to the increasing adoption of electric coal handling equipment in underground coal sites. The underground extraction method is widely used for coal extraction in developing countries such as India and China

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Electrification of mining equipment, developments in carbon capture and storage (CCU), R&D initiatives, and growing demand for power generation in emerging economies are the key driving factors for the coal handling equipment market. The environmental concerns and stringent regulations' and government promoting cleaner fuels such as natural gas, solar, and wind energy may limit the growth of the market. However, the emerging trend of rental business in the mining industry and smoothening handling operations to reduce wastage, cost, and handling time is expected to boost the coal handling equipment market over the forecast period.

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