Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Coal Mining Market size is anticipated to witness lucrative growth rate during the forecast period i.e., between 2025-2037.
The growth of the market can be attributed to an increase in the usage of coal in electricity generation, and steel manufacturing. According to the data published by World Coal Association, 70% of the total steel produced requires coal as a vital ingredient. Steel is one of the essential materials for construction and infrastructural engineering. From making cars, washing machines, refrigerators, and construction products, steel is widely used ubiquitously. Hence, the global market is expected to grow over the forecast period on the back of increasing demand for steel production. Furthermore, the demand for coal has grown with the increase in the demand for electricity. It is estimated that the world’s electricity consumption had reached approximately 24,000 terawatt-hours in 2019. Coal plays a significant role in the generation of electricity worldwide. The World Coal Association states that the coal-fired plants are fulfilling 37% of the global electricity requirement. The electricity is utilized for heating, cooling, lighting, and operating appliances, such as computers, electronics, and machinery. The global coal mining market is estimated to grow exponentially over the forecast period, on account of the increasing demand for electricity worldwide.
Coal Mining Sector: Growth Drivers and Challenges
Growth Drivers
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Increasing Demand for Electricity
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Growing Industrialization across the Globe
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High Use of Coal in Steel Manufacturing
Challenges
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Increasing Issue of Global Warming
Coal Mining Segmentation
The market is segmented by application into thermal power generation, steel manufacturing, and cement manufacturing, out of which, the thermal power generation segment is anticipated to hold the notable share in the global market on account of escalating demand for electricity all over the world. With the growing industrialization, demand for electricity is mushrooming unprecedently, which is the reason the global coal mining market is expected to grow over the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Mining Technology |
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By Application |
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Vishnu Nair
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Coal Mining Industry - Regional Synopsis
Regionally, the global coal mining market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Asia Pacific industry is poised to account for largest revenue share by 2037, on the back of presence of the two largest coal-consuming nations which are, China and India. It is estimated that China consumes around 54% and India consumes 12% of the overall coal produced in the world. These nations are developing economies where industrialization is occurring at a rapid rate. Such factors are anticipated to promote the growth of the market in the region.
Furthermore, the global coal mining market in North America region is also estimated to grow remarkably owing to the increased usage of coal in industrial, transportation, commercial, and residential sectors. Furthermore, coal is also required for seamless transportation, and US and Canada are flourishing economies, which is the reason the global market is estimated to grow over the forecast period.
Companies Dominating the Coal Mining Landscape
- CEZ, a.s.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Teck Resources Limited
- Sasol Limited
- Shaanxi Coal and Chemical Industry Group Co. Ltd.
- Anglo American plc.
- Rio Tinto Groupe
- China Shenhua Energy Company Limited
- BHP Group Limited
- Tokyo Electric Power Company Holdings, Inc
- Yancoal Australia Limited
Recent Developments
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November 19, 2021- China Shenhua and Liaoning Energy Investment Corporation are joining hands to revitalize energy sector in Northeast China.
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June 21, 2020- The Shaanxi Railway logistic has set up the world's first 660MW ultra-supercritical CFB power generation project, in Binchang mining area of ShaanMei Group.
- Report ID: 4094
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
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Coal Mining Market Report Scope
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