Overview
A key factor driving the growth of the market is the rising urbanization. This is due to the rise in population, improved standards of living, and the availability of better infrastructure and facilities in urban areas compared with rural areas. The growth in urban population is driven by emerging economies such as China, India, and Nigeria due to their rapid economic development. With the growth in the urban population, the need for basic facilities such as commercial and residential infrastructures is increasing. Urbanization directly boosts happenings in industries such as automotive and construction, thus growing the demand for power, in turn, propelling the growth of the global Coal Fired Power Generation market during the forecast period. Global Coal Fired Power Generation market is categorized into Pulverized Coal Firing, Cyclone Furnace, Coal Gasification and Fluidized Bed Combustion. Pulverized coal firing technology is dominating the global coal fired power generation market in the recent years with almost half of the market share followed by cyclone furnace technology. Pulverized coal fired boilers uses as a powdered coal to generate thermal energy in an attempt to efficiently use the entire boiler size for combustion. Cyclone furnace technology is the second most widely used method for coal- fired power generation. However, with the rising concerns about greenhouse gas emissions resulting from the combustion of fossil fuels such as coal, the global demand has been shifting from conventional energy sources to ecofriendlier alternatives. Coal gasification and fluidized beds are some other cleaner methods for generation of coal-based energy. Consequently, these technologies are expected to register a high growth rate over the forecast period. Global Coal Fired Power Generation market is segmented into Commercial, Residential and Industrial. Commercial applications captured almost more than half of the market share of global Coal Fired Power Generation in the recent past and are estimated to continue this dominance in the future. Such a trend can be attributed to factors such as rapid industrialization, especially in the developing
regions. However, the residential sector has been presenting greater demand for solar power and hydro power. As a result, the growth of market might face key obstructions. Asia Pacific dominated the global coal fired power generation market in the recent year because of the significant use of coal for power generation and the development of new, efficient coal-fired power plants. The coal fired power generation market in Asia Pacific is driven by creation of new power plants and growing industrialization activities. Indonesia, Australia, China and India ranked amongst the foremost producers of coal in the past. Heavy dependence on coal fired power generation and ample availability of coal in Asia Pacific are also driving the growth of the global market for coal fired power generation. While North America offers major opportunities for growth as well, Europe is likely to display a diminishing demand for coal. As a result, the growth of the market is adversely affected due to greater preference for renewable energy in European countries such as France, Italy, the U.K, Germany, and Spain. China Huaneng Group appeared as the leading company operating in the Global coal fired power generation market. China Huaneng Group along with other prominent industry participants such as China Datang Corporation, Shenhua Group Corporation Limited, and Korea Electric Corporation accounted for one-fifth of the market share. Industry participants have taken several ardent steps and invested in R&D initiatives to reduce their operating cost, minimize emissions, and increase operating efficiencies. Other key industry participants include Duke Energy, STEAG, Sulzer, GE Power, NeuCo, ABB, Emerson, Runh Power, Shikoku Electric Power Company, Georgia Power Company, Korea Electric Power and American Electric Power Company Inc.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources. Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/coal-fired-power-generationmarket-report-inquiry/ Global Coal Fired Power Generation Market: Product Type Pulverized Coal Firing Cyclone Furnace Coal Gasification Fluidized Bed Combustion
Global Coal Fired Power Generation Market: Application Commercial Residential Industrial Global Coal Fired Power Generation Market: Competitive Analysis Sulzer GE Power NeuCo ABB EMerson Runh Power American Electric Power Company China Datang Corporation Shikoku Electric Power Company STEAG Duke Energy Georgia Power Company Korea Electric Power China Huaneng Group Shenhua Group Global Coal Fired Power Generation Market: Regional Analysis North America U.S.A Canada Europe France Germany Spain UK Rest of Europe Asia Pacific China Japan
India South East Asia
Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/coal-fired-power-generationmarket/ Global Coal Fired Power Generation Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results. For more information, visit https://www.profsharemarketresearch.com/
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