Coal Fired Power Generation Market | American Electric Power Company, Inc., China Datang Corporation, China Huaneng Group

Coal-fired power generation is a thermal power station plant that burns coal to generate electricity. Gasification, pulverized coal firing, coal cyclone furnace, and fluidized bed combustion are some of the technologies used in the generation of power. Coal is a a major source of power generation plants.

The global coal fired generation market was estimated to account for 2,057.6 Giga Watts in terms of volume by the end of 2019.

Easy availability of raw materials across the Asia Pacific region is primarily fueling the market growth of the coal-fired power generation. Coal is a major source of power generation and Coal-fired power generation. China, India, Indonesia, and Australia are the major producers of coal. Thus, the ready availability of the coal in Asia Pacific region is fueling the market growth of the coal fired power generation.

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Detailed Segmentation:

Global Coal Fired Generation Market, By Technology:
Pulverized Coal Systems
Cyclone Furnaces
Others

Global Coal Fired Generation Market, By Application:
Residential
Commercial

Coal gasification and fluidized bed combustion are witnessing huge demand due to their lower emission standards. Such technologies are expected to experience robust growth due to strict rules and regulations imposed by the government. This has shifted electricity provider company’s preferences towards green technologies such as coal gasification and fluidized bed combustion. This is expected to augment the market growth over the forecast timeframe.

Rising demand for electricity is expected to augment the market growth of coal-fired power generation. This is attributed to the increasing population which is creating demand for the residential sector. Rapid industrialization and urbanization along with the need for the energy in heavy industries is again expected to propel the market growth of the coal fire power generation. Thus, the growing demand for electricity is projected to propel the market growth.

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Growth in the textile, refineries, steel, and information technology is expected to augment the market growth of the coal-fired power generation. Increasing production of coal as they are efficient and do not have price volatility issues is increasing their demand across various industries.

An increasing number of international players in the domestic market is a key trend. Various international manufacturer is expanding their presence on the global as well as a regional basis in order to increase their business output. This factor is expected to augment the market growth of the coal-fired power generation over the forecast period.

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