Coal Power Generation Market - Global Industry Analysis

Coal Power Generation Market by Technology (Pulverized Coal Systems, Cyclone Furnaces, and Others), by Application (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 08-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-5732 Status : Published

The global coal power generation market accounted for 2124 GW in 2020 and is expected to reach 2952.2 GW by 2028, growing at a volume based CAGR of 4.2% from 2021 to 2028.

Description

Market Overview

The global coal power generation market accounted for 2124 GW in 2020 and is expected to reach 2952.2 GW by 2028, growing at a volume based CAGR of 4.2% from 2021 to 2028.

Coal-fired power generation is a process carried out at a thermal power plant that generates electricity by burning coal. Being easily available and cost-effective, coal is proven to be one of the most widely used sources of generating electricity all over the world. Coal power generation plants are also considered to be safer and more reliable than the nuclear plants. A few of the technologies used for power generation include fluidized bed combustion, gasification, coal cyclone furnaces, and pulverised coal firing.

One of the primary factors driving market growth is the rising demand for energy owing to rapid industrialization and growing reliance on electrification around the world. Approximately half of the world's energy demands are served by coal-fired power plants. Pulverized coal firing technology is expected to dominate the market in the coming years. It is the most developed and tested technology for large utility boilers, and provides greatest reliability and performance of all boiler configurations. Due to growing environmental concerns, state and local governments, as well as a number of energy firms are investing heavily in research and development projects to produce clean coal technologies.

COVID-19 Impact Analysis

Owing to the coronavirus outbreak and subsequent lockdowns enforced by governments around the world, demand for electricity has decreased, resulting in the temporary closure of a number of coal-fired power plants. Coal power generation was estimated to drop by more than 5% in 2020 globally. The market is expected to stabilize once normalcy is restored. COVID-19 has resulted in a temporary reduction in global CO2 emissions as well as a decrease in the share of power produced by coal combustion, a trend that may outlast the pandemic as renewable sources of energy such as wind and solar take forefront.

Growth Factors

The growing demand for energy is expected to drive the global coal power generation market in the coming years. This is mainly due to the increasing population, which drives up demand for electricity in the residential segment.

The rising demand for power in heavy industries clubbed with rapid industrialization, are also expected to boost the growth of the global coal power generation market share. Being hubs for local manufacturing industries, the presence of numerous enterprises and factories in developing economies such as China, India and South Korea has created opportunities for market expansion. Technological advancements in fly-ash handling, a residue produced during the combustion of coal in coal power plants, are also expected to drive the growth of this market. Effective ash handling systems are being developed to comply with government measures to control air pollution.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Technology Segment Analysis Preview

Others segment held a share of around 30% in 2020. Other technologies, for instance fluidized bed combustion and coal gasification are expected to grow significantly owing to their lower emission standards. Rising concerns about the environment and strict environmental regulations have driven coal power generation companies to switch to cleaner technologies like fluidized bed combustion and coal gasification, thereby stimulating growth.

Application Segment Analysis Preview

Commercial segment is expected to grow around a CAGR of 7.1% from 2021 to 2028. This is attributable to the rapid urbanization and industrialization mainly in the developing nations of Asia-Pacific, which are making a strong case for commercial growth in the coming years. Apart from research and development initiatives aimed at lowering operating costs, streamlining logistical processes, and increasing productivity offer a plethora of opportunities to this segment. Steel, textiles, chemicals and information technology are some of the leading industries in the commercial segment.         

Regional Analysis Preview

The Asia Pacific region held a share of around 55% in 2020. This is attributable to the presence of key players such as NTPC Ltd., China Huaneng Group, China Huadian Corporation, Korea Electric Power Corporation and China Datang Corporation among others. Industrialization, population growth and increasing urbanization have all contributed to a significant increase in power consumption in the region, especially in emerging economies like India and China. Availability of low cost coal in coal-rich countries like China is another vital factor expected to boost this market. Additionally, the ever-growing population of developing countries like India and China translates into higher electricity consumption further augmenting this market.

The Europe region is projected to grow at a CAGR of around 2.1% over the forecast period. Europe is expected to witness a slower growth rate owing to strict regulatory measures. Alternative methods of coal generation are garnering interest in this region in order to tackle rising environment concerns.

Key Market Players & Competitive Landscape

Some of key players in Coal Power Generation Market are China Huadian Corporation, NTPC Ltd., and Southern Company, Uniper SE, Duke Energy Corporation, American Electric Power Company, KEPCO Engineering & Construction Company, China Huaneng Group, Korea Electric Power Corporation, China Datang Corporation and STEAG Gmbh among others. 

Industry members are taking several steps to invest in Research and Development (R&D) and looking for innovative solutions to reduce operating costs, improve operational efficiencies, and reduce pollution caused by coal power generation.

The global coal power generation market is segmented as follows:

By Technology

  • Pulverized Coal Systems
  • Cyclone Furnaces
  • Others

By Application

  • Residential
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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 Stakehulders
    • 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 Technology
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Coal Power Generation Market, 2016 – 2028 (USD 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
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Coal Power Generation Market – Technology Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technology, 2020 & 2028
  • Chapter No. 5 Coal Power Generation Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
  • Chapter No. 6 Coal Power Generation Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Technology, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Technology, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Technology, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Technology, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Technology, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Technology, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Technology, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Technology, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Technology, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Technology, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Technology, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Technology, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Technology, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Technology, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Technology, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Technology, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Technology, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Technology, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Technology, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Technology, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Technology, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Technology, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Technology, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Technology, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Technology, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Technology, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7 Coal Power Generation Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Coal Power Generation Market: Company Market Share, 2019
      • 8.1.2. Global Coal Power Generation Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Coal Power Generation Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Coal Power Generation Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. China Huadian Corporation LTD.
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. NTPC Ltd.
    • 9.3. Southern Company
    • 9.4. Uniper SE
    • 9.5. Duke Energy Corporation
    • 9.6. American Electric Power Company, Inc.
    • 9.7. KEPCO Engineering & Construction Company. INC.
    • 9.8. STEAG GMBH
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Technology
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Coal Power Generation Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 7. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 8. Global Coal Power Generation Market Revenue Share, By Region, 2020 & 2028
FIG NO. 9. North America Coal Power Generation Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 10. Porter’s Five Forces Analysis for Global Coal Power Generation Market
FIG NO. 11. PEST Analysis for Global Coal Power Generation Market
FIG NO. 12. Pricing Analysis for Global Coal Power Generation Market
FIG NO. 13. Value Chain Analysis for Global Coal Power Generation Market
FIG NO. 14. Company Share Analysis, 2019
FIG NO. 15. Radar Determinant Chart, 2019
FIG NO. 16. Company Strategic Developments – Heat Map Analysis
FIG NO. 17. China Huadian Corporation LTD. Business Segment Revenue Share, 2020 (%)
FIG NO. 18. China Huadian Corporation LTD. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 19. Market Channels
FIG NO. 20. Marketing Channel Development Trend
FIG NO. 21. Growth in World Gross Product, 2008-2018
FIG NO. 22. Research Methodology – Detailed View
FIG NO. 23. Research Methodology


Table Of Tables

List of Tables

TABLE NO. 1. Global Coal Power Generation Market: Snapshot
TABLE NO. 2. Quarterly Coal Power Generation Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Coal Power Generation Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Coal Power Generation Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 7. North America Coal Power Generation Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 8. North America Coal Power Generation Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 9. North America Coal Power Generation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 10. U.S. Coal Power Generation Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 11. U.S. Coal Power Generation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 12. Canada Coal Power Generation Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 13. Canada Coal Power Generation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 14. Mexico Coal Power Generation Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 15. Mexico Coal Power Generation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 16. Drivers for the Coal Power Generation Market: Impact Analysis
TABLE NO. 17. Restraints for the Coal Power Generation Market: Impact Analysis
TABLE NO. 18. Major Buyers of Coal Power Generation
TABLE NO. 19. Distributors/Traders List of Coal Power Generation
TABLE NO. 20. Global Coal Power Generation Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 21. Global Coal Power Generation Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

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FrequentlyAsked Questions

The global coal power generation market was valued at 2124 GW in 2020.

The global coal power generation market is expected to reach 2952.2 GW by 2028, growing at a volume based CAGR of 4.2% between 2021 to 2028.

Some of the key factors driving the global coal power generation market growth are increasing population and corresponding electricity demand, rapid urbanization and industrialization.

Asia Pacific region held a substantial share of the coal power generation market in 2020. This is attributable to the presence of major players such as China Huaneng Group, Korea Electric Power Corporation, China Datang Corporation, among others. Europe region is projected to grow at a slower rate owing to the rising environmental concerns and search for alternative methods of coal power generation.

 

Some of the major companies operating in the coal power generation market China Huadian Corporation, NTPC Ltd., Southern Company, Uniper SE, Duke Energy Corporation, American Electric Power Company, KEPCO Engineering & Construction Company, China Huaneng Group, Korea Electric Power Corporation, China Datang Corporation and STEAG Gmbh among others.

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