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 |
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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.
