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The high dependency on coal-fired power generation will trigger the steam coal market’s growth in the forthcoming years. The demand for power generation using coal is further boosted by the rise in demand for energy in emerging economies including China and India. In addition, traditional coal-based power plants are further being replaced with efficient technologies. Furthermore, combined heat and power (CHP technology) and co-generation technologies are further being adopted by the coal-based power plants.
As a result, the demand for steam coal continues to grow owing to the high dependency on coal-based power plants and the introduction of performance boosting technologies to complement it. The analysts have predicted that the steam coal market will register a CAGR of 1% by 2023.
Market Overview
Rising demand for energy
One of the growth drivers of the global steam coal market is the rising demand for energy. The growth in the economy and rising urbanization lead to the rise in demand for energy, which is expected to increase the demand for steam coal during the forecast period.
Competition from alternatives sources of energy
One of the challenges in the growth of the global steam coal market is the competition from alternatives sources of energy. The increase in the adoption of other energy sources such as renewables and natural gas will hamper the growth of the global steam coal market.
For the detailed list of factors that will drive and challenge the growth of the steam coal market during 2019-2023, view this report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
As a result, the demand for steam coal continues to grow owing to the high dependency on coal-based power plants and the introduction of performance boosting technologies to complement it. The analysts have predicted that the steam coal market will register a CAGR of 1% by 2023.
Market Overview
Rising demand for energy
One of the growth drivers of the global steam coal market is the rising demand for energy. The growth in the economy and rising urbanization lead to the rise in demand for energy, which is expected to increase the demand for steam coal during the forecast period.
Competition from alternatives sources of energy
One of the challenges in the growth of the global steam coal market is the competition from alternatives sources of energy. The increase in the adoption of other energy sources such as renewables and natural gas will hamper the growth of the global steam coal market.
For the detailed list of factors that will drive and challenge the growth of the steam coal market during 2019-2023, view this report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPE
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
List of Exhibits
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Global Steam Coal Market 2019-2023
The analyst recognizes the following companies as the key players in the global steam coal market: Arch Coal, Inc, China Coal Energy Company Limited, CHINA SHENHUA, CIL, and Glencore.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing adoption of clean coal-based power generation.”
According to the report, one of the major drivers for this market is the high dependency on coal-fired power generation.
Further, the report states that one of the major factors hindering the growth of this market is the declining investments in the coal industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The analyst recognizes the following companies as the key players in the global steam coal market: Arch Coal, Inc, China Coal Energy Company Limited, CHINA SHENHUA, CIL, and Glencore.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing adoption of clean coal-based power generation.”
According to the report, one of the major drivers for this market is the high dependency on coal-fired power generation.
Further, the report states that one of the major factors hindering the growth of this market is the declining investments in the coal industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Arch Coal, Inc
- China Coal Energy Company Limited
- CHINA SHENHUA
- CIL
- Glencore
Note: Product cover images may vary from those shown
