Global Steam Coal Market 2019-2023 | Growing Adoption of Clean Coal-Based Power Generation to Boost Growth | Technavio

Technavio has announced its latest market research report titled global steam coal market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global steam coal market is expected to post a CAGR of 1% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The rising demand for energy will be one of the major drivers for the global steam coal market. The need for energy is increasing significantly across the world due to several factors such as growing population, rapid urbanization, and rising economy. Factors such as the rise in population, improved standards of living, and availability of better infrastructure and facilities in urban areas have led to rapid urbanization. This directly boosts industrial activities thereby driving the demand for power and energy. As steam coal is the dominant source of energy, the growth in its demand will boost the steam coal market during the forecast period.

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

Global Steam Coal Market: Growing Adoption of Clean Coal-Based Power Generation

The increasing adoption of clean coal-based power generation will be one of the critical trends in the global steam coal market. Low-carbon emitting sources are being incorporated by end-user industries, but it is not slowing down the growth of coal-based power generation. Moreover, clean coal technologies are increasingly being employed to ensure low carbon emissions from steam coal-based power generation. This enables end-users to comply with stringent government regulations pertaining to carbon emissions. Several initiatives are being taken up by various governments across countries to reduce emissions from the power sector, which are significantly contributing to the growth in the adoption of clean coal technologies. This will drive the growth of the steam coal market during the forecast period.

“Apart from the growing adoption of clean coal-based power generation, the low cost of power generation using coal and the high dependency on coal-fired power generation are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Steam Coal Market: Segmentation Analysis

This market research report segments the global steam coal market by application (power, cement, and others) and geographical regions (APAC, Americas, and EMEA).

The APAC region led the market in 2018, followed by EMEA and Americas respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the high demand for steam coal in South East Asian countries.

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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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global steam coal market is expected to post a CAGR of 1% during the period 2019-2023, according to the Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com