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

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

Status : October, 2020 | Energy & Mining | PPT format

Report Digest


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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?