Coal Fired Power Generation Market Analysis and Insights, Business Factors, Future Growth and Segmental Analysis By 2031 | American Electric Power Company Inc.

Market Overview:

Coal fired power generation refers to producing electricity through combustion of coal. Coal power plants burn coal to heat water and produce steam that drives steam turbines which are connected to electric generators. Coal accounts for about 38% of electricity generation in the world.

Market Dynamics:

Coal fired power generation is expected to witness significant growth during the forecast period owing to rising energy demand worldwide. Rapid urbanization and industrialization in developing regions such as Asia Pacific are contributing to rising energy needs. According to International Energy Agency, global energy demand is projected to grow by 50% between 2018 and 2050 led by developing nations. Coal is expected to continue playing an important role in meeting growing electricity needs especially in Asia Pacific and other developing parts of the world in the coming years as it offers affordable and stable source of power. Additionally, weak regulations on carbon emissions in some countries provide opportunities for growth of coal fired power industry. However, strict emission norms being implemented in western countries may hamper market growth to some extent in those regions.

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Major market players included in this report are:

★ American Electric Power Company Inc.
★ China Datang Corporation
★ China Huaneng Group
★ Dominion Energy Solutions
★ Duke Energy Corporation
★ ON SE
★ Eskom Holdings SOC Ltd.
★ Georgia Power Company
★ Jindal India Thermal Power Limited
★ Korea Electric Power Corporation
★ National Thermal Power Corporation Limited

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

✦ By Technology: Pulverized Coal Systems, Cyclone Furnaces, and Others

✦ By Application: Residential and Commercial

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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👉 Coal Fired Power Generation Market Drivers

✦ Increasing Energy Demand Due to Rapid Industrialization and Urbanization

As developing economies are rapidly industrializing and urbanizing, there is huge rise in demand for reliable and affordable electricity. Coal is one of the most economical and abundant sources of energy that can fulfill the rising needs. Countries like China and India are installing large coal power plants to meet the increasing electricity consumption from industries, businesses and homes in urban areas. Coal remains the primary fuel for power generation in these highly populated developing nations.

✦ Dependence on Coal as a Domestic Energy Source

Many countries have large coal reserves within their territories and do not want to remain dependent on imported fossil fuels. Countries like USA, China, Australia, South Africa and India have huge coal deposits that can energy their industry and economy for many decades to come. These nations are focusing on utilizing their indigenous coal reserves through expanding coal fired power plants. Developing energy self-sufficiency has become a priority for nations aiming to reduce import bills and ensure energy security.

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👉 Coal Fired Power Generation Market Restraint

✦ Stringent Environmental Regulations on Coal Emissions

Use of coal for electricity generation emits large amounts of pollutants like particulate matter, sulfur dioxide, nitrogen oxides and greenhouse gases. Severe pollution from coal plants is adversely impacting public health and environment. Many developed countries have implemented strict emission control norms to curb hazardous coal emissions. Power producers need to install expensive pollution control technologies like flue-gas desulfurization to comply with new laws. Tighter environmental rules raise the compliance costs for coal industry.

👉 Coal Fired Power Generation Market Opportunity

✦ Carbon Capture, Utilization and Storage Technologies

Emerging carbon capture, utilization and storage (CCUS) technologies provide an opportunity to reduce environmental footprint of coal burning. CCUS involves capturing carbon dioxide emissions from large point sources like power plants and then transporting it to storage sites for long-term isolation from atmosphere. Demonstration projects to use captured carbon for enhanced oil recovery are underway. If successfully commercialized at large scale, CCUS can minimize pollution concerns and help continue coal usage for energy needs. This will help coal industry gain public acceptance in greener future.

👉 Coal Fired Power Generation Market Trends

✦ Rising Investments in Cleaner Coal Technologies

To remain relevant in future, coal industry is investing heavily in developing cleaner coal technologies that can burn coal more efficiently and with lower emissions. Trends like ultra-supercritical plants with higher efficiencies, integrated gasification combined cycle, underground coal gasification are gaining popularity. Industries are also experimenting with co-firing biomass and waste with coal. Governments support innovative projects through funding to make coal plants compatible with environmental mandates. Such technology trends can help maximize usage of abundant coal reserves sustainably for power needs over the long run.

Key Questions

• How much revenue will the global Coal Fired Power Generation Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Coal Fired Power Generation Market?

• What are the indicators expected to drive the global Coal Fired Power Generation Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Coal Fired Power Generation Market to expand their geographical presence?

• What are the major advancements witnessed in the global Coal Fired Power Generation Market?

• This report answers these questions and more about the global Coal Fired Power Generation Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Coal Fired Power Generation Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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