Coal Fired Power Generation Market Analysis Report By Technology, By Application And Segment Forecasts From 2012 To 2020

Industry Insights

The global coal-fired power generation market size was 1,708.5 GW in the year 2013. This growth can be attributed to rising power demand across the globe. Several technologies like cyclone furnace, the firing of pulverized coal, and coal gasification are being implemented for power generation. Moreover, the low cost of coal coupled with its abundant availability across the globe is expected to fuel up the market in the upcoming years. Moreover, half of the power requirement of the world is being catered by such coal-fired power plants.

Several factors like rapid urbanization and industrialization across developing regions such as Latin America and the Asia Pacific are anticipated to drive market growth in the upcoming years. However, the usage of eco-friendly technologies is anticipated to act as a hindrance to the market growth from 2014 to 2020. Moreover, strict rules and regulations being induced by statutory governing bodies regarding the emission of greenhouse gases are further expected to restrict the market growth.

The prices of other power generation sources like natural gas and oil are changing continuously. Thus, manufacturers have started using such cost-effective sources as coal for catering to their increasing demand.

Various governmental agencies and environmental protection organizations are imposing several restrictions on the usage of such power sources. Thus, the key players have started developing various cleaner sources for power generation. Moreover, various governments have started promoting the usage of these sources thereby driving market growth. 

Technology Insights

The segment of pulverized coal held the largest share across the global market in 2013, followed by the technology of cyclone furnace. This is being used for generating thermal energy through boilers owing to its feature of adjusting the combustion rate. Moreover, it can also give out instant response to the change in load, thereby driving the market growth in the upcoming years.

The rest of the technologies like the combustion of fluidized beds and coal gasification are also expected to drive the coal-fired power generation industry growth in the upcoming years. These technologies are expected to register a CAGR of 3.9% during the forecasted years. Strict rules being imposed by governing authorities regarding power generation have paved the way for the usage of eco-friendly power generation technologies like coal gasification.

Application Insights

The commercial segment of application held the largest share exceeding half the global market in 2013. It is expected to continue its dominance over the forecasted years owing to rapid industrialization. This segment is expected to register a CAGR of 3.0% during the forecasted years.

The residential segment is expected to register significant growth across the global market. Moreover, salient features like less operational cost coupled with the streamlined procedure of logistics are expected to pave the way for its rising demand during the forecasted years, 2014 to 2020.

Regional Insights

The Asia Pacific held the largest share of around 55% across the global market in 2013. It is anticipated to register a CAGR of 3.2% during the forecasted years. This growth can be attributed to the increase in power consumption across developing countries like India and China due to the rising industrialization and emerging industries across this region.

The market across the developed region like Europe and North America is projected to show slow growth due to the strict regulatory measures. Moreover, rising environmental issues have paved the way for the usage of alternative sources of power generation especially across Europe. Thus, such emerging usage of alternative sources is anticipated to act as a hindrance to market growth.

Coal-Fired Power Generation Market Share Insights

The key players in this market are China Huaneng Group, Duke Energy, Korea Electric Corporation, E.ON SE, and China Datang Corporation. These companies were estimated to account for one-fifth of the share across the global market in the year 2013.

These players are engaged in making continuous development and rapid advances across this industry. They are also investing hugely in their R&Ds for improving various features like reduction of operational cost, increasing operational efficiency, and minimizing emissions. 

Report Scope

Segments Covered in the Report

This report forecasts installed capacities and installed capacities growth at global, regional levels and provides an analysis of the industry trends in each of the sub-segments from 2012 to 2020. For this study, Million Insights has segmented the global coal-fired power generation market on the basis of technology, application, and region:

• Technology Outlook (Volume, GW; 2012 - 2020)
    • Pulverized Coal Systems
    • Cyclone Furnace
    • Others

• Application Outlook (Volume, GW; 2012 - 2020)
    • Residential
    • Commercial

• Regional Outlook (Volume, GW; 2012 - 2020)
    • North America
    • Europe
    • the Asia Pacific
    • ROW