Global Coal Mining Industry 2018-2022 | Usage of Liquid Form of Coal as Fuel and Electricity to Boost Growth | Technavio
The global coal mining industry is expected to post a CAGR of almost 2% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191203005592/en/
Technavio has announced its latest market research report titled global coal mining industry 2018-2022. (Graphic: Business Wire)
Currently, the reduction of costs, energy consumption, and emission of carbon dioxide are the top priorities of countries globally. The generation of electricity involves both carbon dioxide emission and consumption of enormous amounts of energy. With the use of better electricity generation technology, carbon dioxide emission is expected to reduce and simultaneously save on energy. The electrical power generation industry is the major end-user of coal. Subcritical boiler technology, which is a key technology used in coal-fired power fleet plants, has better efficiency in reducing carbon emissions and is used by plants globally. This is one of the commonly used technologies due to its low cost and easy installation. Moreover, these technologies use coal to reduce emissions, which in turn, boosts the global coal mining industry growth during the forecast period.
To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR21101
As per Technavio, the usage of liquid form of coal as fuel and electricity, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.
Global Coal Mining Market: Usage of Liquid Form of Coal as Fuel and Electricity
The growing transportation sector is fueling the global demand for energy. Coal-derived fuels and coal-based electricity is expected to play a substantial role in supporting these needs. The ability of coal being transformed into different states such as gases and liquids will enable it to be used as fuels or processed into chemicals to make other products. These gases or liquids are often called synthetic fuels or synfuels. Liquid fuel, which is derived from coal, can act as an alternative to the conventional oil products whose prices are increasing significantly and produce fewer air pollutants when burned than burning coal directly. They do not contain sulfur and have low levels of oxides of nitrogen. Countries such as China are developing several coal-to-liquids (CTL) demonstration plants. These factors will propel the global coal mining industry growth during the forecast period.
“The advantages of using coal combustion products and the use of data-driven insights about coal mining to achieve operational excellence are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Global Coal Mining Market: Segmentation Analysis
This market research report segments the global coal mining industry by end-user (thermal power generation, steel manufacturing, cement manufacturing, and other industries) and geographical regions (China, the US, India, and ROW).
China led the market share in 2017, followed by the US, India, and ROW respectively. During the forecast period, China is expected to maintain its dominance over the global market.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191203005592/en/
