Product Code: GVR-4-68038-863-3
Coal Power Generation Market Growth & Trends:
The global coal power generation market demand to reach 2,266.14 GW by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.1% from 2024 to 2030. Strong energy demand is expected to drive the coal industry to generate electricity. Coal is a key material for electricity generation owing to its abundant availability and low cost. The COVID-19 pandemic has resulted in stagnated growth of industrial activities around the globe owing to lockdown measures imposed in most countries, which has reduced the demand for new coal-based plants for power generation in industrial sectors.
Its demand from prospective industrial customers is expected to be on the lower side on account of funds that were previously allotted for industrial development but were diverted to combat the COVID-19 crisis. Pulverized coal firing is traditionally the most widely used technology over cyclone furnaces or others due to higher thermal efficiency and lesser emissions. The factors, such as high emission rate, are expected to cater to the growth of Cleaner Circulating Fluidized Bed (CFB) systems with 1.0% CAGR over the forecasted period in comparison with the traditional technologies.
Uniper SE plans to end the commercial production of electricity of its Heyden 4 hard coal power plant in Germany by January 2021 and close the plant completely by July 2021. In October 2019, NTPC announced that it installed two 660 MW units at the Tanda and Khargone super thermal power generation stations. The availability of raw material is a key factor that affects any production process, controls its setup, and helps drive market growth. In the case of coal-fired power generation, coal is utilized as an energy source and is a major raw material used for power production.
Coal Power Generation Market Report Highlights:
- In terms of volume, the pulverized coal systems segment accounted for the maximum volume share in 2023 and is further expected to witness prominent growth over the forecast period
- The residential segment dominated the market in 2023 and can be attributed to rapid industrial growth, particularly in developing countries. Residential structures include apartments, multiple-family systems, co-op communities, individual houses, and organized neighborhoods.
- In 2023, Asia Pacific accounted for the largest volume share of more than 77.97% and will retain the leading position throughout the forecast period
- The presence of well-established players in India, Japan, China, and South Korea is anticipated to provide further impetus to the APAC regional market growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Global Coal Power Generation Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Volume and Growth Prospects (Volume GW)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Global Coal Power Generation Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Global Coal Power Generation Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Coal Power Generation Market: Technology Movement Analysis, Volume GW, 2023 & 2030
- 4.3. Pulverized Coal Systems
- 4.3.1. Pulverized Coal Systems Market Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 4.4. Cyclone Furnaces
- 4.4.1. Cyclone Furnaces Market Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 4.5. Others
- 4.5.1. Others Market Estimates and Forecasts, 2018 - 2030 (Volume GW)
Chapter 5. Global Coal Power Generation Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Coal Power Generation Market: Application Movement Analysis, Volume GW, 2023 & 2030
- 5.3. Residential
- 5.3.1. Residential Market Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 5.4. Commercial & Industrial
- 5.4.1. Commercial & Industrial Market Estimates and Forecasts, 2018 - 2030 (Volume GW)
Chapter 6. Globe Coal Power Generation Market: Regional Estimates & Trend Analysis
- 6.1. Coal Power Generation Market Share, By Region, 2023 & 2030 (Volume GW)
- 6.2. North America
- 6.2.1. North America Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.2.3. Canada
- 6.2.3.1. Canada Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.3. Europe
- 6.3.1. Europe Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.3.2. U.K.
- 6.3.2.1. U.K. Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.3.3. Germany
- 6.3.3.1. Germany Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.3.4. Italy
- 6.3.4.1. Italy Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.3.5. Spain
- 6.3.5.1. Spain Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.2. China
- 6.4.2.1. China Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.3. Japan
- 6.4.3.1. Japan Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.4. India
- 6.4.4.1. India Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.6. Australia
- 6.4.6.1. Australia Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.7. Thailand
- 6.4.7.1. Thailand Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.8. Indonesia
- 6.4.8.1. Indonesia Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.4.9. Malaysia
- 6.4.9.1. Malaysia Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.5. Latin America
- 6.5.1. Latin America Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.5.3. Argentina
- 6.5.3.1. Argentina Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
- 6.6.3. South Africa
- 6.6.3.1. South Africa Coal Power Generation Estimates and Forecasts, 2018 - 2030 (Volume GW)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. American Electric Power Company, Inc.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. China Huadian Corporation Ltd. (CHD)
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. China Huaneng Group
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Dominion Energy Solutions
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Duke Energy Corporation
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Eskom Holdings SOC Ltd.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Jindal India Thermal Power Ltd.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. KEPCO Engineering & Construction Company, Inc.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. National Thermal Power Corporation Limited (NTPC)
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Uniper SE
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives