IMARC Group, a leading market research company, has recently releases report titled “Coal Fired Power Generation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global coal-fired power generation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the coal-fired power generation market?

The global coal fired power generation market size reached 2,100 GW in 2022. Looking forward, IMARC Group expects the market to reach 2,501 GW by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

What is the coal-fired power generation?

Coal-fired power generation refers to the process of producing electricity by burning coal in power plants. It relies on pulverized coal (PC) plants, fluidized bed combustion (FBC) plants, and integrated gasification combined cycle (IGCC) plants, where coal is crushed into tiny particles, mixed with limestone or dolomite, and heated and combusted at a lower temperature. It can provide a steady and consistent electricity supply, making it suitable for baseload power generation. It helps to minimize the dependence on imported energy resources and provides a reliable source of energy by utilizing coal. Coal-fired power generation is predominantly used to provide electricity to the residential, commercial, and industrial sectors.

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What are the growth prospects and trends in the coal-fired power generation industry?

At present, the increasing demand for coal-fired power generation, as it is affordable and allows efficient utilization of existing resources, represents one of the crucial factors impelling the growth of the market. Besides this, the rising development of advanced combustion technologies and efficient processes to reduce emissions and improve the overall efficiency of coal-fired plants is contributing to the growth of the market. In addition, the growing integration of carbon capture and storage (CCS) technologies in coal-fired power plants to capture carbon dioxide emissions and transport them underground is offering a favorable market outlook. Apart from this, the increasing demand for energy in the residential and commercial sectors is supporting the growth of the market. Additionally, the rising installation of heavy machinery in industries to improve productivity is strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Pulverized Coal Systems
• Cyclone Furnace
• Others

Breakup by End User:

• Residential
• Commercial
• Industrial

Breakup by Region:

• North America (U.S. Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• American Electric Power Company
• China Huaneng Group Co. Ltd.
• Dominion Energy Solutions Inc.
• Duke Energy Corporation
• Eskom Holdings SOC Ltd.
• Jindal India Thermal Power Limited
• NTPC Limited, RWE Aktiengesellschaft
• STEAG GmbH (Ksbg Kommunale Beteiligungsgesellschaft Gmbh & Co. Kg)
• Tenaga Nasional Berhad

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