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Global Coal Fired Power Generation Market: Ever Increasing Demand for Electricity across Commercial Sector to Drive Market at 3.1% CAGR during 2013-2019

Posted on Feb 18, 2016

According to a market research report recently published by Transparency Market Research, the global coal fired power generation market is expected to expand at a CAGR of 3.1% during the period between 2013 and 2019. The report, titled “Coal Fired Power Generation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” projects the global coal fired power generation market to reach an installed capacity of 2,057.6 GW by 2019. The overall market registered an installed capacity of 1,673.1 GW in 2012.

Browse the full Coal Fired Power Generation Market (Pulverized Coal Systems, Cyclone Furnaces, Fluidized-bed Combustion and Coal Gasification) for Residential and Commercial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at https://www.transparencymarketresearch.com/coal-fired-power-generation-market.html

The report points out that the ever increasing demand for electricity across commercial, industrial, and residential applications, and the availability of raw materials in Asia Pacific will boost the global coal fired power generation market. However, the report states that the growing concerns regarding greenhouse emissions have led to the formulation stringent regulations to curb emissions. This is expected to negatively impact the growth of the market during the forecast horizon. The overall coal fired power generation market has a huge opportunity to grow with the introduction of advancements in combustion technologies. The report further analyzes the effect of Porter’s five forces on the market.

On the basis of technology, the report segments the global coal fired power generation market into cyclone furnaces, pulverized coal systems, and others including coal gasification and circulating fluidized bed combustion. In 2012, pulverized coal systems dominated the overall market, followed by cyclone furnaces. High availability of raw materials, along with growing demand for power drove the demand for pulverized coal systems.

In terms of application, the report categorizes the global coal fired power generation market into commercial and residential. In 2012, the commercial sector dominated the market with a share of 56% in the overall market. During the forecast period, the residential sector is expected to register increased demand for hydro and solar power, thereby negatively affecting the coal fired power generation market.

The report studies the global coal fired power generation market across four key regions: Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific dominated the market in 2012 and accounted for a share of 56% in the overall installed capacity registered by the market. During the forecast horizon, the coal fired power generation market in the region is expected to witness exponential growth owing to the construction of new plants for coal fired power generation. In 2012, North America dominated the overall market in terms of revenue.

Describing the competitive landscape, the report profiles some of the key players in the global coal fired power generation market such as China Datang Corporation, American Electric Power Company Inc., China Huaneng Group, Dominion Energy Solutions, Duke Energy Corporation, Eskom Holdings SOC Ltd., Georgia Power Company, Korea Electric Power Corporation, Jindal India Thermal Power Ltd., RWE AG, National Thermal Power Corporation Ltd., Shikoku Electric Power Company Inc., STEAG GmbH, and Shenhua Group Corporation Ltd.

The global coal fired power generation market has been segmented into:

Global Coal Fired Power Generation Market- By Technology

  • Pulverized coal systems
  • Cyclone furnaces
  • Others

Global Coal Fired Power Generation Market- By Application

  • Residential
  • Commercial

Global Coal Fired Power Generation Market- By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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