(MENAFNEditorial)
The global coal fired power generation installed capacity is expected to reach 2072.8 GW by 2020 according to a new study by Grand View Research Inc. Availability of coal at cheap prices mainly in coal rich Asian countries is expected to remain a key driving factor for the market. In addition rising electricity consumption on account of growing energy need especially from emerging markets is also expected to have a positive impact on market demand. However stringent regulatory outlook mainly in Europe and North America along with a definitive push for clean or sustainable energy may hinder market growth over the next six years.
Commercial applications dominated coal fired power generation demand accounting for 55.7% of total market in 2013. In addition to being the largest application segment commercial applications are also expected to be the fastest growing application segment at an estimated CAGR of 3% from 2014 to 2020.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/Coal-Fired-Power-Generation-Industry
Further key findings from the study suggest:
• Pulverized coal systems dominated the technology market for coal fired power generation and accounted for over half of the total capacity installed in 2013. Global installed capacity for cyclone furnaces based coal fired power generation is expected to reach 614.7 GW in 2020 growing at a CAGR of 2.6% from 2014 to 2020.
• Asia Pacific emerged as the largest regional market and accounted for just over 55% of total installed capacity in 2013. Asia Pacific along with being the largest market is also expected to be the fastest growing market for coal fired power generation at an estimated CAGR of 3.2% from 2014 to 2020.
• Some of the leading companies operating in the global market include China Huaneng Group China Datang Corporation Korea Electric Power Corporation Shenhua Group Corporation Limited Duke Energy Corporation National Thermal Power Corporation Limited E.ON SE and American Electric Power Company Inc.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/power-generation-and-storage
For the purpose of this study Grand View Research has segmented the coal fired power generation market on the basis of application technology and region:
Global Coal Fired Power Generation Technology Outlook (Volume Giga Watts 2012 - 2020)
• Pulverized Coal Systems
• Cyclone Furnace
• Others
Global Coal Fired Power Generation Application Outlook (Volume Giga Watts 2012 - 2020)
• Residential
• Commercial
Coal Fired Power Generation Regional Outlook (Volume Giga Watts 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research Inc. is a U.S. based market research and consulting company registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports customized research reports and consulting services. To help clients make informed business decisions the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology chemicals materials healthcare and energy.
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