Global Clean Coal Technologies Market Overview
The global clean coal technologies industry will grow at a CAGR of above 3% between 2019 and 2023. This report provides an analysis of global market by region (the Americas, APAC, and EMEA), and technology (CHP, supercritical, ultra-super critical, and others). It also presents an in-depth discussion of market drivers such as growing awareness of the health benefits of clean coal technologies market, along with challenges and trends influencing the growth of the market. This report offers an overview of the market’s competitive landscape and the key players with in the clean coal technology market. It includes Babcock and Wilcox, GENERAL ELECTRIC, MITSUBISHI HEAVY INDUSTRY, and Shanghai Electric. View the Table of Contents for the full scope of information you will receive in this report or request a free sample to be delivered to you instantly.
Global Clean Coal Technologies Market Forecast
Technavio’s smoothie industry analysis offers a market forecast for the years 2019-2023, using 2018 as the base year for all calculations. Our industry analysis predicts that the clean market will grow by over USD 1.3 billion by 2023, and experts have accessed that APAC will hold more than 50% of the global market share in clean coal technologies. Purchase Technavio’s full report for a deep dive into the future of specific regions and segments, as well as the factors that will drive growth over the next five years.
Global Clean Coal Technology Market Trend and Drivers
According to market research experts within the clean coal technology market the exponentially rising need for clean energy is one of the key factors that will impact the growth of the global clean coal technology market over the forecast period. Further, it was identified that coal has the highest share as a source of electricity production and accounted for 37% of the total electricity produced in 2017. Industry experts within the energy industry identified that the ultra-supercritical technologies result in nearly 35% lesser CO2 emissions compared with a sub-critical coal fired power plants.
There is an increasing popularity of hybrid power projects across the globe. It has been observed that coal-fired power plant operator globally has been exploring avenues to maximize efficiency and increase the operational lives of plants. For instance, solar PV cells can be included in a combine cycle gas turbine plant, thus enabling coal fired power operators to diversify economic interest and reduce the overall environmental footprint of the plant site. This can prove to be one of the major factors impacting the growth of the clean coal technology market until 2023.
Segmentation by Region
APAC was the leading segment in 2018, accounting for half of global revenue. It will continue to dominate the market throughout the forecast period, accounting for over 50% of the market’s growth. This research report provides an in-depth analysis of the changing market dynamics in various regions of the globe like
- Americas
- APAC
- EMEA
Segmentation by Technology
Market study identified that the CHP segment accounted for nearly 40% of the global growth. This research report on the clean coal technologies market focuses on presenting a detailed insight on the changing market scenario and growth patterns on various segments like
- CHP
- Supercritical technologies
- Ultra-supercritical technologies
Competitive Landscape: Key Players within the clean Coal Technology Market
The industry is fairly fragmented due to the presence of both international and regional players offering an array of products across the globe. The high growth potential of the market encourages several new players to enter the market. The increasing competition among players leads to lower product prices. Combined with threat from substitute products, this impacts vendor performance in the market.
The leading clean coal technology companies in the market include:
- Babcock and Wilcox
- GENERAL ELECTRIC
- MITSUBISHI HEAVY INDUSTRY
- Shanghai Electric
Key Questions Answered in this Clean Coal Technologies Market Research Report
- What will the clean coal technologies market size and the growth rate be in 2023?
- What are the key factors driving the global clean coal technologies market?
- What are the key clean coal technologies market trends impacting the growth of this market?
- What are the challenges to clean coal technologies market growth?
- Who are the clean coal technology market players?
- What are the market opportunities and threats faced by the vendors in the global clean coal technologies market?
- What are the key outcomes of the Porter’s Five Forces analysis?