Market Size of Japan Coal Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Coal Market Analysis
The Japan coal market is expected to grow at a CAGR of more than 3% during the forecast period of 2020-2025. Factors such as plans to increase the power generation capacity and increasing electricity demand owing to rapidly increasing industrial and infrastructural development activities in the country are expected to drive the market during the forecast period. However, the uses of coal are squeezed out of the energy mix in many developed nations, the reason being the generation of air pollutants due to coal combustion. Moreover, power from coal is getting mixed up with other alternative sources, like renewables and natural gas, which help to reduce the environmental impact as compared to coal. These factors, in turn, are expected to restrain the growth of the Japanese coal market.
- Coal is extensively used in the country to fire the thermal power stations and, in turn, meet the demand for various sectors, such as industry, transport, residential, commercial, and public services. Hence, the power stations segment is expected to dominate the market during the forecast period.
- With the growing demand for electricity, coal power plants in Japan is expected to be a significant consumer of coal. Upcoming coal power plants are expected to create an opportunity for the market players in the coming years.
- Rising environmental concerns over greenhouse gas emissions and global warming are expected to restrain the growth of the coal market in Japan during the forecast period.
