Transparency Market Research Report Added "Coal Mining Market" to its database.
Albany, NY -- (SBWIRE) -- 01/28/2015 -- The global coal mining market is comprised of metallurgical and thermal coal, which is extracted from surface and underground mines. Coal mining is an important economic activity that provides millions of dollars by means of revenue to both developed and developing economies. The report on the global coal mining market analyzes the growth prospects and opportunities in underground mines as well as surface pits. The analysis also offers a greater understanding of the coal mining market based on the type of coal mined, which can be classified as: Anthracite, bituminous, and lignite. Based on technology type, the industry is comprised of horizontal drilling and hydraulic fracturing.
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The report's sharp focus on market estimates (both globally and regionally) make it a valuable asset for coal mining companies, suppliers of coal mining equipment, and providers of ancillary services associated with this industry.
Overview of the Global Coal Mining Market
The World Coal Association – an industry body that comprises coal stakeholders and producers – states that as of January 2015, about 6185 million tons of hard coal is mined worldwide. The brown coal/lignite production figures stand at about 1042 million tons. The five biggest coal mining countries—China, the U.S., India, Australia, and South Africa—are scattered across the global. Transportation is an inseparable part of the coal mining market. The means of transportation over shorter distances include conveyors or trucks, and over longer distances, the fossil fuel is transported using barges and trains.
Developing countries-with their voracious appetite for energy, infrastructure and steel-will continue to push up the demand for coking/metallurgical coal over the next four to five years at least. Electricity generation, for the most part, still relies on coal. This trend will likely remain so for the next decade or so, indicating a steady demand for coal. This will prove beneficial for coal mining operators.
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The most remunerative opportunities for the coal mining market will come from the emerging industries sector, which requires metallurgical coal in massive quantities. But these opportunities could be dampened to a great extent because of a surplus in coal supply that will cause the prices of coal to slide. Moreover, the growth rate of developing economies is likely to be lower than initially expected, potentially leading to a lower demand for metallurgical coal. The coal mining market will also be hit on account of a higher share of renewable resources (solar, wind, nuclear etc.) in the energy generation market.
The report's analysis spans all major geographical regions such as North America (the U.S. and Canada), the APAC region (China, Australia, India and Indonesia), and Europe. Asia Pacific boasts among the largest reserves of coal in the world, with China alone contributing over 65% of the total regional shares of coal. This also places the country as the top-ranking producer of coal.
Leading Players in the Coal Mining Market
The report offers an in-depth analysis of coal mining companies with a global presence, such as: Arch Coal Inc., Peabody Energy Corporation, Alpha Natural Resources, and CONSOL Energy Inc.
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