Clean Coal Technology Market is expected to grow at a CAGR of 5.05%
According to TechSci Research report, “Clean Coal Technology Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the
Global Clean Coal Technology Market is expected to register robust growth during the
forecast period. Clean coal technology is the process to reduce harmful environmental
factors by using various methods to clean coal & reduce emissions. When
coal is burned, it releases harmful gases like carbon dioxide and other
emissions into the flue gas, causing pollution from smokestacks. Clean coal technology
purifies carbon before it is burned and recovered, recovering carbon dioxide
emissions from power plants. It is used as a clean fuel for power generation
and coal preparation in industrial applications.
The factor
responsible is the use of supercritical technology as one of the major clean
coal technologies which are used in new commercial coal-fired power plants in
some countries. General Electric Power has signed a contract with Electronic
Ostroleka to build an ultra-supercritical coal-fired power plant called
‘Ostroleka C’ in northeastern Poland. The company designs and builds power
plants and is also involved in the manufacture and supply of
ultra-supercritical pressure technology components.
Based on Application, the market is
bifurcated into Mining, Dyes and Pigments, and Others. The advantages of mining
are it helps in job creation, boosts business activities, and enormous
earnings, extract essential sources of energy, development of social amenities,
development of infrastructure, and provide essential resources.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Clean Coal Technology Market.”
North America and Europe are anticipated
to grow during the forecast period. The factors expected to boost the market’s
growth in these regions are the rising focus on developing innovative carbon
capture and storage technologies. During the forecast period, the favorable
government policies and the increased investments are fuelling the growth of
the market.
The objective of the report is to
present a comprehensive analysis of the global Clean Coal Technology Market to
the stakeholders in the industry. The past and current status of the industry
with the forecasted market size and trends are presented in the report with the
analysis of complicated data in simple language. The report covers all the
aspects of the industry with a dedicated study of key players that include
market leaders, followers, and new entrants.
Recent Developments
February 2020, the U.S. Department of
Energy’s (DOE) Office of Fossil Energy (FE) announced federal funding up to USD
4 million in research and development (R&D) projects to improve the coal
combustion residual management in the country. December 2019, Pakistan signed
an implementation agreement (IA) with Shanghai Electric Group Co., Ltd. under
the Thar coal-based power generation project to install a coal-fired power
plant with a power generation capacity of 1,320 MW. The cumulative project cost
is estimated to be around 1,912.2 million. August 2019, Clean Coal
Technologies, Inc. received a grant of USD 50,000 from the University of
Wyoming’s School of Energy Resources to utilize the Pristine-M technology in
their commercial plant January 2019, Environmental Energy Services Corporation,
acquired Delta Measurement & Combustion Controls LLC (DMCCO) and Combustion
Technologies Corporation (CTC). This is likely to help the company in improving
the performance of their boilers.
Key market players in the Global Clean
Coal Technology Market are: -
- Alstom
SA
- KBR,
Inc.
- Shell
PLC
- General
Electric Company
- Siemens
Energy AG
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“The Asia Pacific has dominated the
global market in 2019, with a value of US$ 2,507 Million, and is expected to
grow above 3.2 CAGR due to its focus on clean energy. The factors attributed
are the rise in clean coal technology in China, Japan, India, and so on.
Southeast Asia is expected to grow rapidly during the forecast period because
it is a key coal user with plans to invest heavily in the future. China
is the largest producer of coal in the world, however, the majority of the coal
produced in the region is used for electricity generation. Around 77% of the
electricity produced in the region is generated from coal-fired power plants.
This number is expected to grow during the forecast years due to the rising
number of coal-fired processing plants in the country, an increase in demand
for power, and declining hydropower output in the region, which have
significantly impacted the demand for coal in the country. Moreover, China is
the largest emitter of greenhouse gases, accounting for around 27% of the
global emissions. High consumption of coal and steep emission rates creates an opportunistic
market for manufacturers in clean coal technology to expand their reach while
reducing emission rates.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Clean Coal Technology Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology
(Supercritical, Ultra-Supercritical, Combined heat & Power and Others), By
Application (Mining, Dyes and Pigments and Others), By Region, and By
Competition 2019-2029”
provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Clean Coal Technology Market.
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