According to a recently published report by Research Nester on “Clean Coal Technology Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the clean coal technology in terms of market segmentation by technology, by application, and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global clean coal technology market is segmented based on technology into combustion technology, gasification technology, enabling technology, and others; by application into coal preparation, coal burning post burning, and by regions. The global clean coal technology market is estimated to grow at a CAGR of around 4.3% over the forecast period i.e. 2019-2027.
Government policies, regulations and laws are encouraging the manufacturers of large-scale, coal-fired plants with higher efficiency, lower water consumption and low emission controls is anticipated to drive the growth of global clean coal technology market. Moreover, the rising awareness regarding the benefits of implementing clean coal technologies, as it helps in reducing the carbon emission pollutants from surrounding atmosphere. According to EIA, coal-related CO2 emissions are expected to increase by 0.6% in 2018 and 2019.
Asia Pacific clean coal technology market is anticipated to witness rapid growth over the forecast period. This growth is attributed to the highly polluted countries such as China and India which are investing in global clean coal technology market to improve plant efficiency and reduce fuel cost.
Strict Government Regulations
New and severe government emission guidelines forced on coal-fired power plants have constrained plant administrators to divert towards cleaner and extra productive advancements such as clean coal innovation. Government strategies, guidelines and laws are empowering the assembling of enormous scale, coal-fired plants with higher productivity, lower water utilization and low discharge controls. Clean coal technology has resulted in achieving lowering power generation cost, developing efficient and environmentally compatible technologies for electric utilities, cement plants, steel mills and other industries.
However, clean coal technology comes with a high cost involved in the development of technology, and other related expenses are estimated to restrict the growth of this clean coal technology market. Lack of public awareness along with inadequate financial and economic capability is expected to hamper the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global clean coal technology which includes company profiling of Babcock and Wilcox, General Electric, Mitsubishi Heavy Industry, Shanghai Electric, Alstom Power, Siemens AG, Dynegy Inc., Bharat Heavy Electricals Limited, Amec Foster Wheeler and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global clean coal technology that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.