Coal Power Generation is defined as generation of power or electricity by burning coal in a boiler to produce steam. The steam is produced under high pressure & it flows into a turbine which spins a generator that creates electricity. And once this process is over the steam is again cooled down & condensed into water & is returned to the boiler to start the process over. Coal power generation aids in providing light for houses, buildings, streets, domestic & industrial heat & also powers equipment used in houses, offices & machines in factories.
Coal Power Generation Market: Key Players
The research study includes profiles of leading companies operating in the global coal power generation market. Key players profiled in the report include: China Huadian Corporation LTD., NTPC Ltd., Southern Company, Uniper SE, China HuaNeng Group, CHINA SHENHUA, Duke Energy Corporation, American Electric Power Company, Inc., KEPCO Engineering & Construction Company. INC., STEAG GMBH, YONDEN Shikoku Electric Power CO., Inc., TENAGA NASIONAL BERHAD, RWE, Jindal India Thermal Power ltd. and Dominion Energy.
Drivers for the Global Coal Power Generation Market:
Rising demand for coal power generation due to increasing need of energy, elevated need of coal in power generation as it is cost effective & also available in large quantities, coal power generation is one of the most cost-effective processes as compared to other generation of power procedures and increasing demand for blending of different coal together that can provide efficiency & reliability. Hence these are the major drivers of the market and are going to increase the growth & disposable income of the market.
Opportunities for the Global Coal Power Generation Market:
Moreover, advancement in technology such as fly-ash handling (residue during combustion of coal in power plants), increasing urbanization & industrialization globally is elevating the need for electricity and coal power generation provides cost effective electricity which can fuel the growth of the finance system. Hence these factors are going to provide opportunities for the future growth of the market.
Restrains for the Global Coal Power Generation Market:
However, stringent rules & regulations related to greenhouse gas emissions and initiation of eco-friendly technologies for power generation. Hence these factors can hamper the growth of the coal power generation market.
Region Wise, Global Coal Power Generation Market Analysis:
Asia Pacific held a large share in the market due to general economic conditions, investment in new technology, increasing industrialization and high number of power projects. Besides, North America and Europe held a large share in the market.
Covid-19: Impact and Recovery Analysis for Global Coal Power Generation Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries. The coal power generation market has not been affected at large due to its usage in power generation and its efficiency in energy generation.
Global Coal Power Generation Market: Product analysis
- Pulverized Coal Systems
- Coal Furnaces
Global Coal Power Generation Market: Application analysis
Global Coal Power Generation Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East