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Pulished Date September, 2020
ID: 10151
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Clean Coal Technology Market Segmentation By technology (Supercritical, Ultra-Supercritical, Combined Heat & Power and others) and Region - Industry Forecast to 2025

Pulished: September, 2020
ID: 10151
Pages: 175

Clean Coal Technology Market Overview

The global clean coal technology industry was worth $ 3.4 billion in 2020 and is predicted to exceed $ 4.2 billion by 2025, growing at an annual rate of 2.5% from 2020 to 2025. Growing electricity as well as the availability of raw materials in the world is the main driver of expansion of the worldwide clean coal technology industry. In addition, the growing call for clean energy, favourable government initiatives and strict regulations regarding environmental concerns are other factors that are predicted to drive the expansion of the worldwide industry. Clean coal technology is an attempt to tackle the problem of producing greenhouse gases so that coal can be employed for power generation without a major contribution to worldwide warming. Increased energy call and increased environmental awareness have prompted companies to develop processes and technologies that do not harm the environment, for example, coal washing, wet washing, electrostatic precipitators and gasification processes. In addition, governments have provided funds in conjunction with many summits and international agreements limiting the use of coal to reduce carbon emissions. Coal generates nearly 42% of the world's energy needs. It is one of the most employed fuels but also one of the dirtiest. Clean Coal Technology (CCT) reduces the contribution of coal to worldwide warming and improves the amount of energy produced by coal. Clean coal technology is predicted to result in reduced emissions from coal-fired power plants. Therefore, clean coal technology is being developed to expel or reduce the release of toxins into the climate. Some of these techniques include chemical mineral scrubbing, selective catalytic reduction, electrostatic precipitators, and improved flue gas treatment technology to remove contaminants.

Market Trends:

The global clean coal technology industry is currently experiencing stable expansion. Clean coal technologies refer to various technological systems implemented to minimize the adverse effects of burning coal for power generation. They help reduce the levels of sulphur dioxide (SO2) and nitrogen oxide (NOx) emissions to the environment. Some of the more commonly employed technologies include Fluidized Bed Combustion, Integrated Combined Gasification Cycle (IGCC), Flue Gas Desulfurization, and Selective Catalytic Reduction (SCR). These systems use coal to generate electricity at low cost while complying with environmental regulations. They also include supercritical (SC), ultra-supercritical (USC), and combined heat and power (CHP) technologies that purify coal to remove unwanted minerals before the combustion process begins.

Recent Developments and Trends

In order to explore new technologies to satisfy energy call in relatively cleaner ways, India and the United States have announced new areas of research in transformational energy production based on power cycles supercritical CO2 and advanced technologies clean coal.

Clean Coal Technology Market Drivers

The worldwide clean coal technology industry is predicted to develop significantly during the foreseen period. The expansion of worldwide clean coal technology industry is primarily driven by the growing call for clean and reliable power generation technologies, coupled with rapid expansion in urbanization and industrialization. In addition, supportive policies and regulations aimed at increasing spending on environmental safety, fuel cost savings, and technological advancement in existing and new plants are predicted to accelerate the expansion of the worldwide coal technology industry clean with the aim of 2025. Technological innovations, for example, hybrid energy projects and carbon capture and sequestration technologies are predicted to drive industry expansion. Hybrid energy projects are generally accepted for the process to be efficient. Photovoltaic solar cells are employed in gas turbine power plants in combination with coal to operate with maximum efficiency and best economic interests.

Restraints:

The only factor behaving as a drag on the global clean coal technology industry is the high cost of installing clean coal technology plants. The increasing deployment of renewables and the high costs associated with clean coal technology are predicted to hamper industry expansion in the years to come.

Opportunities:

Government policies, regulations and laws are predicted to encourage the manufacture of large-scale coal-fired power plants with higher efficiency, lower water consumption, and lower emission controls in order to accelerate the expansion of the worldwide fuel technology industry clean coal by the end of 2025. Fuel and technology cost savings and capital savings in new and existing manufacturing units are predicted to drive the expansion of the worldwide clean coal technology industry. Numerous government policies and regulations and recommendations from worldwide environmental agencies encourage The global clean coal technology manufacturers to invest in R&D to advance the technology. The worldwide rate of coal consumption, latest technology and minimal cost fuel deliver new opportunities for the clean coal technology industry during the foreseen period.

Challenges:

The need of high cost for development of technology and other related costs is predicted to restrict the expansion of the worldwide clean coal technology industry in the near future. 

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

2.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Clean Coal Technologies Inc., Alstom Power, General Electric Company, Siemens AG, and KB.

Clean Coal Technology Market

Clean Coal Technology Market Segmentation:

By technology:

  • Supercritical
  • Ultra-Supercritical
  • Combined Heat & Power
  • others

The supercritical segment accounted for $1,724 million in 2020 and is predicted to exhibit a CAGR of 2.8 % during the foreseen period. This is majorly because supercritical technology is one of the eminent clean coal technology employed for novel commercial coal-fired plants in many countries.

Clean Coal Technology Regional Analysis:
The Clean Coal Technology Report includes the segmentation of Regions with their respective Countries.

  • North America Clean Coal Technology Industry includes U.S, Canada.
  • Europe Clean Coal Technology Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
  • Asia Pacific Clean Coal Technology Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
  • Latin America Clean Coal Technology Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
  • Middle East & Africa Clean Coal Technology Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The global clean coal technology market is predicted to display a healthy CAGR during the foreseen period. Asia-Pacific is predicted to be one of the main industries for investing heavily in the worldwide industry. The execution of clean coal technology in Asia-Pacific has been carried by heavily polluted countries such as China and India, which are investing in the clean coal technology to improve plant efficiency and reduce fuel costs. Europe and North America are also highly dependent on clean coal technology and are predicted to register a constant CAGR during the foreseen period. Asia-Pacific is predicted to account for a massive share of the worldwide industry during the foreseen period. The increased investment in clean coal technology and the huge contribution from Japan and China are among the factors that are predicted to drive the expansion of the Asia-Pacific industry in the coming years. In addition, Southeast Asia is predicted to experience strong expansion in the coming years as it is considered to be a large consumer of coal and is predicted to invest heavily in the near future. In contrast, North America and Europe are predicted to experience healthy expansion during the foreseen period. The growing emphasis on the development of innovative carbon capture and storage technologies is predicted to drive expansion in these two regions in the years to come. In addition, favorable government policies and increased investment are predicted to complement expansion in the near future.

Competitive Landscape:

The widespread adoption of hybrid energy projects is also driving the growth of the market. These projects burn natural gas in coal-fired boilers to improve operational flexibility and minimize greenhouse gas (GHG) emissions. It also helps maintain the efficiency of supercritical pulverized coal power plants and ash treatment systems, increasing the demand for clean coal technologies.

Key Players:

 Key players operating in the global clean coal technology market include Clean Coal Technologies Inc., Alstom Power, General Electric Company, Siemens AG, and KB.

 

1. Introduction               

              1.1 Market Definition   

              1.2 Scope of the report

              1.3 Study Assumptions 

              1.4 Base Currency, Base Year and Forecast Periods        

2. Research Methodology                         

              2.1 Analysis Design        

              2.2 Research Phases     

                             2.2.1 Secondary Research

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling

                             2.2.4 Expert Validation

              2.3 Study Timeline         

3. Report Overview                      

              3.1 Executive Summary

              3.2 Key Inferencees       

4. Market Dynamics                    

              4.1 Impact Analysis       

                             4.1.1 Drivers

                             4.1.2 Restaints

                             4.1.3 Opportunities

              4.2 Regulatory Environment      

              4.3 Technology Timeline & Recent Trends          

5. Competitor Benchmarking Analysis                 

              5.1 Key Player Benchmarking    

                             5.1.1 Market share analysis

                             5.1.2 Products/Service

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape     

              5.3 Joint Ventures & Collaborations       

6. Market Segmentation                           

              6.1 Clean Coal Technology Market, By Technology          

                             6.1.1 Supercritical

                             6.1.2 Ultra-Supercritical

                             6.1.3 Combined Heat & Power

                             6.1.4 Market Size Estimations & Forecasts (2019-2024)

                             6.1.5 Y-o-Y Growth Rate Analysis

                             6.1.6 Market Attractiveness Index

7. Geographical Landscape                      

              7.1 Global Identity Governance and Administration Market, by Region             

              7.2 North America - Market Analysis (2018 - 2024)         

                             7.2.1 By Country

                            

                            

                             7.2.2 By Technology

              7.3 Europe        

                             7.3.1 By Country

                            

                            

                            

                            

                            

                            

                             7.3.2 By Technology

              7.4 Asia Pacific 

                             7.4.1 By Country

                            

                            

                            

                            

                            

                            

                            

                             7.4.2 By Technology

              7.5 Latin America           

                             7.5.1 By Country

                            

                            

                            

                            

                             7.5.2 By Technology

              7.6 Middle East and Africa         

                             7.6.1 By Country

                            

                            

                             7.6.2 By Technology

8. Key Player Analysis                  

              8.1 Clean Coal Technologies Inc

                             8.1.1 Business Description

                             8.1.2 Products/Service

                             8.1.3 Financials

                             8.1.4 SWOT Analysis

                             8.1.5 Recent Developments

                             8.1.6 Analyst Overview

              8.2 Alstom Power          

              8.3 General Electric Company   

              8.4 Siemens AG

              8.5 KB Group    

9. Market Outlook & Investment Opportunities               

Appendix                         

              List of Tables    

              List of Figures   

  1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. The segment-level analysis in terms of By application, and along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Clean Coal Technology Market By Region, From 2020-2025 ( USD Billion )
  2. Global Clean Coal Technology Market By Technology, From 2020-2025 ( USD Billion )
  3. Global Supercritical Market By Region, From 2020-2025 ( USD Billion )
  4. Global Ultra-Supercritical Market By Region, From 2020-2025 ( USD Billion )
  5. Global Combined Heat & Power Market By Region, From 2020-2025 ( USD Billion )

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