Albany, NY -- (SBWire) -- 12/04/2014 --In its market research report published recently, Transparency Market Research, a U.S. - based market intelligence firm states that the global coal fired power generation market is propelled by rising global demand for electricity from several industries. The report, titled 'Coal Fired Power Generation Market (Pulverized Coal Systems, Cyclone Furnaces, Fluidized-bed Combustion and Coal Gasification) for Residential and Commercial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,' is now available for sale on the company's website.
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This market research report on the global coal fired power generation market has provided a detailed analysis of the various factors that fuel and restrict this market, the prevailing trends, the industry forecast, and the key players operating in this market. One of the oldest methods of creating energy that can be converted into electricity is that by coal fired power generation. This technique makes use of coal which is a naturally occurring raw material. Coal fired power generation for a long time has been the most reliable source of electricity across various industrial segments like chemicals, refineries, steel, textiles, and others. These industries coupled with various commercial ventures, and the IT sector are by far the largest markets for coal fired power generation.
According to the TMR report, the global coal fired power generation market is segmented on the basis of technology, application, and geography. On the basis of technology, the coal fired power generation market is classified into cyclone furnaces, pulverized coal systems, and others that include fluidized bed and coal gasification. The largest share in the technology segment of the coal fired power generation market is held by pulverized coal systems due to easy availability of different forms and grades of coal. This trend is expected to continue even in the years to come. Currently, the coal fired power generation market is focusing more on coal gasification technologies, and fluid bed boilers to ensure clean energy generation; since coal combustion via cyclone furnaces, and pulverized coal systems release high amounts of greenhouse gases.
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Coal fired power generation systems have residential and commercial applications. Commercial applications of coal fired power generation include industries, malls, restaurants, hospital, street lighting, and utilities like railways, and water which require uninterrupted electricity supply. Coal fired power generation ensures continuous power supply as against renewable sources. Hitherto, the commercial applications segment holds the highest market share in the coal fired power generation market. In fact, its share is likely to increase in the forthcoming years as well. The residential applications segment is fueled by rising demands for power in everyday life, and urbanization.
This report has also thrown light on the trends prevailing in the global coal fired power generation market. The coal fired power generation market is mainly propelled by developments in coal combustion technologies, and insufficient supply of power from renewable energy sources like nuclear, wind, solar, and hydro. Geographically, the largest coal producer in the world is the Asia Pacific. As a result, almost every country in the Asia Pacific depends on coal fired power generation for their energy demands. Europe, North America, and the rest of the world depend more on renewable energy sources than on coal.
Some of the prominent players operating in the coal fired power generation market are Tenaga Nasional Bhd, American Electric Power Company Inc., STEAG GmbH, China Datang Corporation, Shenhua Group Corporation Limited, Dominion Energy Solutions, Georgia Power Company, National Thermal Power Corporation Limited, Shikoku Electric Power Company, Inc., Korea Electric Power Corporation, and Jindal India Thermal Power Limited.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
The Global Market for Coal Fired Power Generation to Witness High Demand in the Next Five Years: Transparency Market Research
Transparency Market Research, in its report has explained that the global coal fired power generation market is driven by high production and distribution of coal.