LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/ElectricUtilities?src=hash" target="_blank"gt;#ElectricUtilitieslt;/agt;–The global coal-fired power generation market is expected to post a CAGR
of over 1% during the period 2019-2023, according to the latest market
research report by Technavio.

A key factor driving the growth of the market is the rising
urbanization. This is due to the rise in population, improved standards
of living, and the availability of better infrastructure and facilities
in urban areas compared with rural areas. The growth in urban population
is driven by emerging economies such as China, India, and Nigeria due to
their rapid economic development. With the growth in the urban
population, the need for basic facilities such as commercial and
residential infrastructures is increasing. Urbanization directly boosts
activities in industries such as construction and automotive, thus
increasing the demand for power, in turn, propelling the growth of the
global coal-fired power generation market during the forecast period.

As per Technavio, the increasing focus on clean coal technologies will
have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
coal-fired power generation market 2019-2023
research report also analyzes other important trends and market
drivers that will affect market growth over 2019-2023.

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Global coal-fired power generation market:
Increasing focus on clean coal technologies

Clean coal technologies aim to reduce the environmental impact of
coal-fired power generation and mitigate the global climate change. To
reduce the number of pollutants generated, investments are being
directed toward the deployment of more efficient supercritical and
ultra-supercritical coal-fired power generation technologies. Several
innovative approaches such as direct coal fuel cells, integrated
gasification fuel cells, and supercritical CO2 are being explored. These
technologies promise ultra-high efficiencies and are at different stages
of development. The development of clean coal technologies is expected
to reduce the amount of pollution from coal-fired power generation
plants. This will boost the growth of the global coal-fired power
generation market during the forecast period.

“Apart from the increasing focus on clean coal technologies, the
growing popularity of hybrid power projects, the technological advances
in ash handling, and the availability of coal at low prices and rising
urbanization are some major aspects that are expected to boost the
growth of the global market during the forecast period,” says a
senior analyst at Technavio.

Global coal-fired power generation market:
Segmentation analysis

This market research report segments the global coal-fired power
generation market by technology (subcritical, CHP, supercritical, and
ultra-supercritical) and geographical regions (APAC, EMEA, and the
Americas).

The APAC region led the market in 2018 with a market share of over 67%,
followed by the Americas and EMEA respectively. During the forecast
period, the APAC region is expected to continue dominating as well as
register the highest incremental growth of close to 5%.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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