Market Size of Coal Fired Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Coal Fired Power Generation Market Analysis
The power generated by coal amounted at 10100.5 Terawatt-Hours (TWh), in 2018, globally, and is expected to grow at a CAGR below 2% during 2020-2025. The coal fired power generation market is expected to grow at a higher rate in the developing countries and is expected to decline in developed nations, owing to the global emission control. The rapidly growing power demand from the developing nations due to large scale urbanization and industrialization has been driving the demand for the coal fired power generation market. However, stringent rules and regulations over greenhouse gas emissions are anticipated to restrain the coal fired power generation market growth in the coming years.
- Pulverized coal firing technology is expected to have the maximum share in the coal fired power generation market, in 2018, with nearly half of the market share, followed by cyclone furnace technology.
- The increasing urbanization and industrialization in developing economies of Asia-Pacific and South America, globally is expected to act as an opportunity for coal fired power generation market.
- Asia-Pacific is estimated to have the maximum share of the coal fired power generation market, in 2018. Additionally, the growth rate of the Asia-Pacific region is expected to be the highest during the forecast period, primarily due to the rapidly developing economies, such as China and India, and the faster growing demand for electricity in the region, over the forecast period.
Coal Fired Power Generation Industry Segmentation
The coal fired power generation market report include:
| Technology | |
| Pulverized Coal Firing Systems (PC) | |
| Cyclone Furnace | |
| Other Technologies (Circulating Fluidized Bed and Coal Gasification) |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Coal Fired Power Generation Market Size Summary
The coal fired power generation market is experiencing a divergent growth trajectory across different regions, with developing countries witnessing an increase in demand due to rapid urbanization and industrialization. This demand is primarily driven by the need for electricity in these regions, particularly in Asia-Pacific and South America. In contrast, developed nations are seeing a decline in market growth due to stringent global emission control regulations. The market is characterized by the dominance of pulverized coal firing technology, which holds a significant share due to its proven reliability and efficiency in large utility boilers. This technology is favored for its ability to enhance thermal efficiency and reduce combustion time, although its high initial and operational costs pose challenges to its widespread adoption.
Asia-Pacific is projected to maintain its position as the leading region in the coal fired power generation market, with the fastest growth rate anticipated during the forecast period. The region's growth is fueled by the burgeoning power consumption driven by industrialization, population growth, and urbanization, particularly in China and India. Despite a reduction in new coal plant permits, the existing demand for power continues to support the market's expansion. The market is partially consolidated, with key players such as National Thermal Power Corporation Limited, Eskom Holdings SOC Ltd., STEAG GmbH, Dominion Energy Solutions, and China Huaneng Group playing significant roles. These companies are instrumental in shaping the market dynamics, particularly in regions where coal remains a critical component of the energy mix.
Coal Fired Power Generation Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Coal Fired Power Generation Installed Capacity and Forecast, in GW, until 2025
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1.3 Global Energy Mix, 2019
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1.4 Recent Trends and Developments
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1.5 Government Policies and Regulations
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1.6 Key Projects Information
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1.6.1 Key Existing Projects
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1.6.2 Key Upcoming Projects
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 Porter's Five Forces Analysis
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1.9.1 Bargaining Power of Suppliers
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1.9.2 Bargaining Power of Consumers
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1.9.3 Threat of New Entrants
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1.9.4 Threat of Substitutes Products and Services
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1.9.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Pulverized Coal Firing Systems (PC)
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2.1.2 Cyclone Furnace
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2.1.3 Other Technologies (Circulating Fluidized Bed and Coal Gasification)
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 South America
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2.2.5 Middle-East and Africa
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Coal Fired Power Generation Market Size FAQs
What is the current Coal Fired Power Generation Market size?
The Coal Fired Power Generation Market is projected to register a CAGR of less than 2% during the forecast period (2024-2029)
Who are the key players in Coal Fired Power Generation Market?
National Thermal Power Corporation Limited , Eskom Holdings SOC Ltd. , STEAG GmbH, Dominion Energy Solutions and China Huaneng Group are the major companies operating in the Coal Fired Power Generation Market.
