Press release
Coal Fired Power Generation Market Global Outlook and Growth Opportunities | 2020-2025
The power generated by coal amounted at 10100.5 Terawatt-Hours (TWh), in 2018, globally, and is expected to grow at a CAGR below 2% during 2020-2025
Top Companies in the Global Coal Fired Power Generation Market are China Datang Corporation, China Huaneng Group, Dominion Energy Solutions, Duke Energy Corporation, Eskom Holdings SOC Ltd., Jindal India Thermal Power Limited, National Thermal Power Corporation Limited, RWE AG, Shenhua Group Corporation Limited, STEAG GmbH and others.
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Key Market Trends
Pulverized Coal Firing Technology to Dominate the Market
- The global coal fired power generation reached 10100 TWh in 2018, representing an increased of approximately 3% over the previous year. Majority of this power generation came from pulverized coal in 2018. Pulverized coal firing technology for the power plants is a well proven technology for power generation from coal. The coal is ground (pulverised) into a fine power to sizes less than 100 ?m and is fed with primary combustion air into a boiler through burners where it is burnt to release heat energy in the furnace. It is the most developed and proven technology for large utility boilers and offers the greatest reliability and efficiency of all boiler configurations.
- By pulverizing the coal, the surface area for combustion increases much hence thermal efficiency increases. It results in faster combustion rate and consequently reduces the requirement of secondary air to complete combustion. The burden of the air intake fans also reduces.
- Faster combustion rate makes the system more responsive to the changing load as the combustion can easily and quickly be controlled.
- Further, another essential feature of the pulverized firing system is that it does not have any moving parts inside the combustion chamber which gives it long trouble free life. Also, the ash handling is more straightforward in this system.
- However, the high initial and running cost has been acting as the restraints for growth of the pulverized coal firing technology.
Industry News
APRIL 23, 2020: Eskom launches tender to 'repurpose' low-carbon rising coal plants
June 1, 2018: Duke Power is celebrating the launch at the W.S of a new state-of-the-art gas plant. Lee Station in Carolina of the South
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Coal Fired Power Generation market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the global Coal Fired Power Generation market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focused in the research study. It discusses about prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Coal Fired Power Generation market.
Market Segments: This part of the report discusses about product type and application segments of the global Coal Fired Power Generation market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach Coal Fired Power Generation used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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