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Clean Coal Technology Market Report

RA00232

Clean Coal Technology Market, By Technology (Supercritical, Ultra-Supercritical, Combined Heat and Power, and Others), Global Opportunity Analysis and Industry Forecast, 2019–2027

RA00232

Pages: 135

Jun 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Clean Coal Technology Market

Global Clean Coal Technology Market was more than $3.7 billion by value in 2019 and will grow at a CAGR of over 2.9% from 2019 to 2027.

Clean Coal Technology Market Trends

The rising demand for clean energy resulted in significant growth in clean coal technologies demand. An increasing demand for electricity along with availability of raw materials across the world are some of the major factors for the market growth during the coming years. 

Favorable Government initiatives for Environmental Concerns and Strict Regulations will boost the growth of Clean Coal Technology market growth in the coming years. As a result of this, the target of clean energy in a time bound manner, various policies and regulations are being constantly updated

However, the high cost, coupled with the rising implementations of renewables will impede the Clean Coal Technology market growth. Moreover, the renewable technologies, such as wind energy and solar PV give competition to clean coal technologies. In addition, the Capital costs are one of the most important components of the comparison between technologies, which will significantly hamper the market growth.

Clean Coal Technology Market, By Technology
Supercritical will dominate the global market throughout the forecast period

https://www.researchdive.com/images/clean-coal-technology-market-by-technology-1591363156.png

Supercritical Clean Coal Technology Market Forecast Will Surpass $2,081.4 Million By Value By 2027, At A Cagr Of 2.4%, From $1,723 Million In 2019. Supercritical Technology Is One Of The Leading Clean Coal Technology And Used For New Commercial Coal-fired Plants In Various Countries.  

Clean Coal Technology Market, By Region

Clean Coal Technology Market, By Region

Asia Pacific market will be the top investment pocket among other regions by the end of forecast period

Asia Pacific market dominated the global market in 2019 with a size of over $ 2,507 million by value. The high share attained by this region can be majorly attributed to the growing number of clean coal technology in China, Japan, and India among others. The Asia Pacific market will witness growth at more than 3.2% CAGR, owing its high focus towards clean energy.  

Key players operating in the Global Clean Coal Technology Market

Some of the key Clean Coal Technology industry participants include General Electric, Shanghai Electric, Siemens, Mitsubishi Electric, BHEL, DongFang Electric, Harbin Electric Company Limited, Toshiba, Doosan, and Babcock & Wilcox among many others. Key industry participants are adopting numerous strategies like contract with several companies for new projects in the current market, and also to expand their existing technology. For instance, GE Power signed a contract with Elektrownia Ostroleka to build Ostroleka C, an ultra-supercritical coal power plant in the northeast of Poland. GE Power designed and build the power plant, as well as manufacture and deliver the ultra-supercritical technology components – boiler and steam turbine generator allowing the highest efficiency level possible for a steam power plant in Poland with 46% efficiency, well above the global average of 33%.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2019

  Forecast timeline for Market Projection

  2019-2027

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology

  • Supercritical
  • Ultra-Supercritical
  • Combined Heat and Power
  • Others

  Key Countries covered

U.S., Canada, Germany, Poland, Czech Republic, Russia, Japan, China, India, South Korea, Japan, Brazil, and Saudi Arabia

  Key Companies Profiled

  • General Electric
  • Shanghai Electric
  • Siemens
  • Mitsubishi Electric
  • BHEL
  • DongFang Electric
  • Harbin Electric Company Limited
  • Toshiba
  • Doosan
  • Babcock & Wilcox

Source: Research Dive Analysis

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Clean Coal Technology market size was over $3.7 billion in 2019, and is further anticipated to reach $4.6 billion in 2027

A. General Electric, Shanghai Electric, Siemens, Mitsubishi Electric, BHEL, DongFang Electric, Harbin Electric Company Limited, Toshiba, Doosan, and Babcock & Wilcox are some of the key players in the global Clean Coal Technology market.

A. The Asia-Pacific region possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. The Asia-Pacific Clean Coal Technology market is projected to grow at 3.2% by value CAGR during the forecast period.

A. Contract with Several players for projects are the key strategies opted by the operating companies in this market.

1.Introduction

1.1.Report  Description
1.2.Key Benefits For Stakeholders
1.3.Key Market Segments
1.4.Research Methodology
1.5.Primary Research
1.6.Secondary Research
1.7.Analyst Tools & Models

2.Executive Summary

2.1.Key Findings
2.2.Top Impacting Factors
2.3.Top Investment Pockets
2.4.CXO Perspective

3.Market overview

3.1.Market segmentation & definitions
3.2.Key Forces Shaping The Global Clean Coal Technologies Market
3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Value Chain Analysis

3.4.1.Component Manufacturers
3.4.2.Turbine Manufacturers
3.4.3.Utilities

3.5.Market dynamics

3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities

3.6.Key Market Trends

4.Global Clean Coal Technology Market  by Technology
Market, by Product

4.1.Global Clean Coal Technology Market Analysis And Forecast
4.2.Global Clean Coal Technology Market Analysis And Forecast By Technology

4.2.1.Supercritical
4.2.2.Ultra-Supercritical
4.2.3.Combined Heat and Power
4.2.4.Others

5.Global Clean Coal Technology Market Analysis And Forecast By Region

5.1.North American Clean Coal Technology Market Analysis And Forecast 

5.1.1.North American Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.1.2.North American Clean Coal Technology Market Analysis And Forecast By Countries (2019-2027)

5.1.2.1.USA Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.1.2.2.Canada Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.1.2.3.Mexican Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)

5.2.European Clean Coal Technology Market Analysis And Forecast 

5.2.1.European Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.2.2.European Clean Coal Technology Market Analysis And Forecast By Countries (2019-2027)

5.2.2.1.Germany Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.2.2.2.Poland Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.2.2.3.Czech Republic Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.2.2.4.Russia Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.2.2.5.Rest of Asia Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)

5.3.APAC Clean Coal Technology Market Analysis And Forecast 

5.3.1.APAC Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.3.2.APAC Clean Coal Technology Market Analysis And Forecast By Countries (2019-2027)

5.3.2.1.China Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.3.2.2.India Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.3.2.3.Japan Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.3.2.4.South Korea Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.3.2.5.Rest of Asia Pacific Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)

5.4.Latin American Clean Coal Technology Market Analysis And Forecast 

5.4.1.Latin American Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.4.2.Latin American Clean Coal Technology Market Analysis And Forecast By Countries (2019-2027)

5.4.2.1.Brazil Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.4.2.2.Rest of Latin America Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)

5.5.Middle East and Africa Clean Coal Technology Market Analysis And Forecast 

5.5.1.Middle East and Africa Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.5.2.Middle East and Africa Clean Coal Technology Market Analysis And Forecast By Countries (2019-2027)

5.5.2.1.South Africa Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)
5.5.2.2.Rest of MEA Clean Coal Technology Market Analysis And Forecast By Technology (2019-2027)

6.Company profiles

6.1.General electric 

6.1.1.Business overview
6.1.2.Product portfolio
6.1.3.Company Snapshot
6.1.4.Key Projects

6.2.Shanghai Electric Power Co., Ltd. 

6.2.1.Business overview
6.2.2.Product portfolio
6.2.3.Company Snapshot
6.2.4.Key Projects

6.3.Siemens

6.3.1.Business Overview
6.3.2.Product portfolio
6.3.3.Company Snapshot
6.3.4.Key Projects

6.4.Mitsubishi

6.4.1.Business Overview
6.4.2.Product portfolio
6.4.3.Company Snapshot
6.4.4.Key Projects

6.5.  Bhel

6.5.1.Business Overview
6.5.2.Product portfolio
6.5.3.Company Snapshot
6.5.4.Key Projects

6.6.Dongfang Electric

6.6.1.Business Overview
6.6.2.Product portfolio
6.6.3.Company Snapshot
6.6.4.Key Projects

6.7.HARBIN ELECTRIC INTERNATIONAL COMPANY LIMITED

6.7.1.Business Overview
6.7.2.Product portfolio
6.7.3.Company Snapshot
6.7.4.Key Projects

6.8.TOSHIBA

6.8.1.Business Overview
6.8.2.Product portfolio
6.8.3.Company Snapshot
6.8.4.Key Projects

6.9.DOOSAN

6.9.1.Business Overview
6.9.2.Product portfolio
6.9.3.Company Snapshot
6.9.4.Key Projects

6.10.BABCOCK & WILCOX 

6.10.1.Business Overview
6.10.2.Product portfolio
6.10.3.Company Snapshot
6.10.4.Key Projects

Coal is the world's most copious and extensively distributed source of fossil fuel. Nearly 27% of major energy needs are fulfilled by coal and about 38% of electricity is generated from coal. Around 70% of steel manufactured worldwide relies on coal feedstock. When burned, coal gives out emissions that add to global warming, giving rise to acid rains and water population over a period of time. Every year nearly 14 billion tons of carbon dioxide (CO2) is released into the atmosphere due to burning coal and during electricity generation. 

Clean coal technology is an innovation that strives to lessen severe environmental effects. The technology uses several methods to clean coal and cut down its emissions. It is a novel technique that promotes advanced coal utilization processes that are intended to improve both the efficacy and environmental suitability of coal emissions and usage. Currently, several industrial sectors are highly preferring to adopt clean coal technologies so that the world's massive resources of coal can be utilized for future generations without contributing to global warming. 

Factors Impelling the Demand for Clean Coal Technology

The growing coal emissions have given rise to a substantial rise in the demand and necessity for the implementation of clean coal technologies. Moreover, the growing rate of electricity generation and rising global warming due to harmful emissions has propelled the demand for clean coal technologies. 

Government bodies worldwide are highly involved in taking up favorable initiatives for safeguarding the environment and hence, have been imposing strict protocols and regulations for curbing harmful emissions, which in turn is rising the importance for clean coal technologies. Nonetheless, the high cost and rising implementation of renewable energy resources are expected to impede the demand for clean coal technologies. Renewable technologies including wind energy and solar PV are much in rivalry with clean coal technologies. Capital costs are one of the most important factors of comparison among these technologies which might affect the adoption rate of clean coal technologies.

Recent Trends in the Clean Coal Technology Industry

Considering the rising demand for clean energy, the government as well as several players in this industry have taken steps toward the adoption of clean coal technologies. As India is the world’s third-largest producer of coal, the central government of India has requested proposals on research, development, and demonstration of power generation using clean coal technologies. The country is anticipated to surge its coal production to around 1 billion tons by 2020.

Moreover, Nirmala Sitharaman, the Finance Minister has declared a slew of measures to decrease the import of substitutable coal and encourage self-reliance in coal production. Jindal Steel and Power (JSPL), a private player has applauded the developments proclaimed by the government for the domestic coal industry. Naveen Jindal, the Chairman of Jindal Steel and Power Ltd. has stated that such measures will encourage companies in this industry to implement clean technologies for steel production. It will also contribute in controlling the country's dependency on imports of petroleum goods. 

On the other hand, China is preparing to establish more wind and solar power plants by the end of 2020 than previously estimated. However, the country will also continue the development of new coal production centers at a lick in the coming years and wherever coal-based power is permitted it is going to use clean coal technologies.

Moreover, GE Power, a frontrunner in power generation and water technologies for utilities, independent power generators, and industrial applications, has signed an agreement with Elektrownia Ostroleka to construct Ostroleka C, an ultra-supercritical coal power plant in the northeast of Poland. GE Power has designed and constructed the power plant. Moreover, it has manufactured and delivered the ultra-supercritical technology components including the boiler and steam turbine generator for achieving the highest efficacy level possible for a steam power plant in Poland with 46% efficiency, which is well above the global average of 33%.

Future Scope of the Clean Coal Technology Sector

According to a research report by Research Dive, due to the rising demand for clean energy, the global clean coal technology market is expected to grow with a growth rate of 2.9% from 2019 to 2027. The Asia Pacific region is expected to be at the forefront in this sector due to its high focus on the implementation of clean energy. Currently, many experiments and researches are been conducted for commercializing this technology. This is because coal use is economically competitive regardless of the cost of obtaining and ultimately 'near-zero', emissions are still under research. Hence, these technologies are both expensive and energy-intensive.

Meanwhile, some of the foremost players in this industry including Shanghai Electric, DongFang Electric, Siemens, BHEL, General Electric, Mitsubishi Electric, Toshiba, Doosan, and Babcock & Wilcox, Harbin Electric Company Limited, and others are engaged in building their business by adopting several strategies such as partnerships with numerous companies, collaborations, merges, and acquisitions to develop their prevailing technologies. Considering all these factors, it is clear that the clean coal technology market is expected to boom in the near future.

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