Coal Fired Power Generation Market Size, Share and Competitive Landscape 2018-2020

Posted on 2020-10-26 by researchinsights in Energy // 0 Comments

Felton, Calif., USA, Oct. 26, 2020 — /EPR Network/ —

The global Coal Fired Power Generation Market size is anticipated to reach up to 2,072.8 GW until 2020, according to a new report released by Million Insights. This growth can be associated with availability of the abundant quantity of coal across the globe coupled with its low-cost price. Moreover, increasing consumption of electricity owing to the rising power need is projected to positively impact market growth.

The pulverized coal segment dominated the global market due to its usage of generating thermal energy through boilers. The rest of the segments like fluidized bed combustion and coal gasification are anticipated to witness CAGR of 3.9% from 2014 to 2018. This growth can be associated to increasing demand from such eco-friendly power generation technologies.

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The commercial segment of application held the largest share across the global market due to rapid industrialization. On the other hand, the residential segment is also expected to witness significant growth due to features like less operational cost coupled with streamline procedure of logistics.

Asia Pacific held the largest share of around 55% across the global market and is expected to witness a CAGR of 3.2% from 2014 to 2018 owing to increase in power consumption across developing countries like India and China. Europe and North America is also expected to witness significant growth in the upcoming years.

The coal-fired power generation market includes key players such as China Huaneng Group, Duke Energy, Korea Electric Corporation, E.ON SE, China Datang Corporation, and China Huaneng Group. They are continuously engaged in making continuous development and rapid advances across this industry.

Global Coal Fired Power Generation Technology Outlook (Volume, Giga Watts, 2012 – 2018)

Pulverized Coal Systems
Cyclone Furnace
Others

Global Coal Fired Power Generation Application Outlook (Volume, Giga Watts, 2012 – 2018)

Residential
Commercial

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Asia Pacific held the largest share of around 55% across the global market in 2013. It is anticipated to register a CAGR of 3.2% during the forecasted years. This growth can be attributed to the increase in power consumption across developing countries like India and China due to the rising industrialization and emerging industries across this region.

The market across the developed region like Europe and North America is projected to show slow growth due to the strict regulatory measures. Moreover, rising environmental issues have paved the way for the usage of alternative sources of power generation especially across Europe. Thus, such emerging usage of alternative sources is anticipated to act as a hindrance to market growth.

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