Coal is the major fuel for power generation and the thermal industry is expected to grow rapidly in the future. Rapid rise in demand for power around the world coupled with increasing urbanization, industrialization and a growing population is anticipated to boost the demand for power. Coal-fired thermal power plants account for the highest share in the global power-generation mix and it is most likely to dominate over the forecast period. However, conventional coal fired thermal power plant emits variety of harmful gases that pollute the atmosphere. Clean coal technologies are referred to as technologies that reduce environmental emission from coal power plants usually through gasification or combustion process. Technological advances have led to more efficient combustion of coal resulting in lower emission of nitrogen oxide and sulfur dioxide. Development of clean coal technologies is likely to reduce emissions from the coal-fired thermal power plants.
The global clean coal technology market has been segmented on the basis of combustion technologies, gasification technologies, enabling technologies and geography. Segmentation on the basis of clean coal technology can be segmented as pulverized coal combustion plants and fluidized bed combustion (FBC) plants. On the basis of gasification technologies, the clean coal technology market can be segmented as integrated coal gasification combined cycle (IGCC), hydrogen from coal process, and multi-purpose coal gasification technology. The global clean coal market on the basis of enabling technologies can be segmented as oxy-fuel combustion, carbon capture and sequestration and combined heat and power.
The global clean coal technology market is expected to rise significantly in the future. The growth in the clean coal technology market is driven by the burgeoning demand for energy across the globe coupled with increasing industrialization, urbanization and a growing population. Generating power from coal-fired thermal power plants leads to carbon emissions which has negative impacts on the environment. Development of clean coal technologies is likely to reduce the carbon positive pollutants in the atmosphere. Furthermore, avoided environmental costs, fuel cost savings and capital and technology savings in existing as well as new plants is anticipated to accelerate growth in the clean coal technology market. However, high technology and other cost associated with clean coal technologies may hamper growth in the global clean coal technology market. Moreover, lack of public awareness, inadequate financial, institutional, and economic capacities in some regions may hinder growth in this market. Albeit, it is most likely that coal is likely to remain dominate power generation fuel in the foreseeable future. Furthermore, the larger benefits of deploying clean coal technologies is anticipated to offset the above mentioned restrain and further drive growth in the global clean coal technology market.
The market for clean coal technology is rapidly growing and is expected to register a significant growth in the future. All the regions are likely to rise at higher rates in the future. Asia Pacific, driven by the burgeoning electricity demand in countries such as China and India is expected to lead the market in terms of demand for clean coal technologies. Furthermore, increasing industrialization and urbanization is anticipated to propel growth in the Asia Pacific’s clean coal technology market. North America and Europe are expected to be the key regions of growth in the global clean coal technology market.
Some of the key players in the global clean coal technology market include Clean Coal Technologies, Inc., General Electric Company, Siemens AG, and Alstom Power.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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