Coal fired power generation is one of the oldest techniques of producing energy that can be subsequently converted into electricity. This technology has been supplemented with a readily available and steady raw material source, coal.
Albany, NY -- (SBWIRE) -- 07/07/2016 -- Coal fired power generation has been a very common energy producing technique for electricity generation. This trend is supported by the availability of coal in huge quantities. The demand generated in the global coal fired power generation market mainly comes from commercial and residential applications. High demand for electricity gets generated in chemicals, steel, and refining industries.
This report has segmented the global coal fired power generation market on the basis of application, technology, and geography. The various coal fired power generation systems include cyclone furnaces, pulverized coal systems, coal gasification, and circulating fluidized bed combustion. The most popular coal burning combustion technology has been that of pulverized coal systems. This report focuses on the crucial aspects of the coal fired power generation market like market trends, market dynamics, the scope and potential, size of the market and growth potential.
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This research report consists of easy-to-understand graphics that ensure better understanding of the market. In addition, the threats and opportunities prevailing in the coal fired power generation market can be comprehended clearly with the help of the value chain study, and the Porter's five forces model analysis provided in the report.
The global coal fired power generation market is driven by large scale production and distribution of coal. High demand from residential and commercial applications drives the demand for various varieties and grades of coal. The market is witnessing greater preference for coal fired power generation because of insufficient and interrupted power supply from non conventional sources of energy like solar, hydro, nuclear, and wind energy.
The largest producer of coal in the global market is the Asia Pacific because of coal rich countries like India, China, and Indonesia. The countries of the Asia Pacific use coal extensively for power generation because it is available abundantly. On the basis of installed capacities of coal fired power, the global coal fired power generation market is led by China.
It is also expected that in the forthcoming years, the highest growth rate in the coal fired power generation market will be reported by the Asia Pacific. The growth of the Asia Pacific coal fired power generation market will be driven by high reliance on coal for energy needs, and the establishment of large number of power stations.
The market for residential application of coal fired power generation is driven by high energy demand for day-to-day activities and urbanization. However, in the past ten years, the share of residential application has declined in the coal fired power generation market because several residential areas have opted for hydro and solar power for fulfilling their energy demands.
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This report on the global coal fired power generation market includes prominent industry players such as Tenaga Nasional Bhd, STEAG GmbH, Shenhua Group Corporation Limited, Shikoku Electric Power Company, Inc., RWE AG, National Thermal Power Corporation Limited, Korea Electric Power Corporation, Jindal India Thermal Power Limited, Georgia Power Company, Eskom Holdings SOC Ltd., E.ON SE, Duke Energy Corporation, Dominion Energy Solutions, China Huaneng Group, China Datang Corporation, and American Electric Power Company Inc.
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