Clean Coal Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Clean Coal Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2021 | Energy & Mining

Report Digest


Global Clean Coal Technologies Market: Snapshot

The drive for clean coal technologies market stems from relentless industry search for processes and technologies for clean er electricity. A large part of the momentum has come from zero carbon or low-carbon electricity, since electricity has been one of the major contributors of greenhouse gas emissions (GHCs). Coal is the one the most widely distributed fossil fuel sources and has been prevalently used. It has been occupying share of electricity production over the past few decades. Despite the low-cost prices of coal and remarkable advances in extraction processes of coal, notably in developed countries, coal-fired power stations approaches are fading. Indeed, there has been increasing focus on reducing GHCs has led clean energy producers to develop new clean coal technologies, where the objective is to attain 'near-zero', emissions. Developed regions of the world are fervently seeking to reduce the green premium behind the adoption of such technologies. This is a major factor that will shape the scope of commercialization of products in the clean coal technologies market.

According to International Energy Agency (IEA), clean coal technologies are expected to pick up immense momentum in near future, pegged by extensive support of governments to transition toward low-carbon economies. In the backdrop of soaring energy needs and in the face of increasing competition from renewables such as solar and power, the clean coal technologies market is expected to attract extensive research and development. In this regard, notable developments have taken place in carbon capture and sequestration processes. The recurrent focus toward net-zero emissions in electricity production has brought a new avenue in the retrofitting of carbon capture and sequestration. A wide array of technologies have been enriching the clean coal technologies market landscape. Some of the common technologies that have been implemented are the use of low-NOx burners, Integrated Gasification Combined Cycle (IGCC), and ultra-clean coal produced using modern processing technologies. All these technologies have in some way help coal-fired plants manage waste and make the overall production environmentally friendly.

Global Clean Coal Technologies Market: Overview

The demand for clean coal technologies has been rapidly evolving to address the mounting environmental concerns due to greenhouse gas emissions from fossil fuel sources. A large number of countries across the world has been extensively use coal technologies for generating power and as a useful feedstock for a few industries. Worldwide, coal burning will continue to account for a sizeable portion of power generation at least until 2040, despite the growing reliance on natural gas and renewables.  In this backdrop, various clean coal technologies have generated substantial interest among oil and gas companies to reduce the emission of toxic particulates, sulfur dioxides, and nitrogen oxides. Various clean coal technologies are deployed notably in supercritical (SC) and ultra-supercritical coal-fired (USCs) plants mainly for cleaning coal or managing its emissions.

Multiple technologies that are adopted broadly come under carbon capture and sequestration, or popularly known as carbon capture and storage, and high efficiency low emission (HELE) technology. The global clean coal technologies market is making strides riding on the back of growing political will to counter global warming and investments in various developing and developed countries.  

Global Clean Coal Technologies Market: Notable Developments

Given the abundance of coal and easy storage, clean coal technologies will play an increasingly crucial role in coal plants being built across the globe, most notably in Asia Pacific.

  • A number of companies from China, South Korea, and Japan find coal-powered plants of crucial relevance to meet the burgeoning needs of electricity in these regions. They are keen to adopt clean coal technologies. Companies at the forefront of such initiatives are IHI Corporation, General Electric Co., and Mitsubishi Heavy Industries.
  • While clean coal technologies are likely not to lose sheen anytime soon, environmentalists and advocates of renewables along with prosumers are largely skeptical. However, the clean coal technologies market continues to gain impetus—intermittently though—from push by regional as well as global agencies in the past few years. Organizations such as Association of Southeast Asian Nations (ASEAN) and the United Nations advocate favorable regulatory frameworks and international cooperation.
  • A handbook by ASEAN in 2017 revealed that there is a clear move towards HELE technology, thus necessitating the demand for clean coal technologies for SCs and USCs. A more recent report by UN in October 2018 revealed that clean coal technologies should play an essential role in reducing global warming effects to manageable levels.

Global Clean Coal Technologies Market: Key Growth Dynamics

The drive for clean coal technologies in recent years has gained considerable traction from the pressing need for economical and sustainable carbon capture technologies for coal plants. These plants have been spewing out several atmosphere-damaging pollutants that contribute to the growing menace of global warming. As a result, various carbon capture and storage technologies have gathered substantial steam, especially in major coal-producing nations.

With coal to remain one of the key fossil fuel sources of generating electricity to meet the global energy demands for several years, the adoption of clean carbon technologies has picked up pace. However, the market has hit roadblocks due to lack of political commitment and exorbitant costs. In addition, the lack of sufficient financial incentives and a missing economic formula on how these technologies reduce coal-related pollution are glaring constraints. Nevertheless, the sheen around clean coal isn’t going to wane at least for the next couple of decades, given the popularity of hybrid power generation projects.

Global Clean Coal Technologies Market: Regional Assessment

Some of the key regions in the global clean coal technologies market are the Americas, Asia Pacific, and Europe. Of these, in recent years, the demand for these technologies has gathered substantial momentum in Asia Pacific. This is account of coal being a significant source of power generation in several of its key economies. In addition, the drive for cleanest fossil fuels in these economies will contribute to revenues of the global clean coal technologies over the assessment period of 2018–2028.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?