Global Coal-fired Power Generation Market

Coal-Fired Power Generation Market Size, Share, Growth Analysis, By Technology (Pulverised Coal System, Cyclone Furnaces), By Application, By Coal Type, By Power Capacity, By Region - Industry Forecast 2025-2032

Report ID: SQMIG55E2030 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 61 | Figures: 65

Coal-fired Power Generation Market News

  • In October 2023, NTPC announced that its electricity generation capacity increased to 73.82GW with the addition of a coal-fired plant in the southern state of Telangana, which is likely to boost coal consumption.
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Coal-fired Power Generation Market size was valued at USD 1108.9 Trillion in 2023 and is poised to grow from USD 1250.2 Trillion in 2024 to USD 2250.4 Trillion by 2032, growing at a CAGR of 0.051 during the forecast period (2025-2032).

The coal-fired power generation market is categorized by strong competition among key players striving to capture a significant market share. Leading companies are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. As the market witnesses rapid technological advancements, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the global smart building arena. 'Kepco (South Korea) ', 'Minnesota Power (United States) ', 'PacifiCorp (United States) ', 'Duke Energy (United States) ', 'STEAG (Germany) ', 'China Huaneng Group (China) ', 'Alabama Power (United States) ', 'National Thermal Power Corporation Limited (India) ', 'Eskom Holdings SOC Limited (South Africa) ', 'DTE Energy (United States) ', 'American Electric Power Company, Inc. (United States) ', 'China Huadian Corporation Ltd. (CHD) (China) ', 'Dominion Energy Solutions (United States) ', 'Jindal India Thermal Power Ltd. (India) ', 'National Thermal Power Corporation Limited (India) ', 'Uniper SE (Germany) ', 'RWE (Germany)'

Coal has traditionally been a comparatively inexpensive source of energy, which has made coal-fired power generation attractive for its low initial capital costs and low operational costs. The abundance of coal reserves and mines in some regions has contributed to its cost-efficiency. Though, the cost efficiency of coal-fired power generation can vary based on factors such as the type of coal used, the age and proficiency of the power plants, and the cost of carrying coal to the plants.

Coal-fired power generation is a relatively inexpensive and reliable source of electricity: As Coal is a relatively abundant resource in many developing countries with cost effective prices, making it a more attractive option than other energy sources. The increasing demand for electricity in emerging countries is a key market trend that is driving the coal-fired power generation market. This trend is anticipated to continue in the coming years, as developing countries continue to experience rapid economic growth and urbanization.

The Asia-Pacific region continues to be the largest region in the global coal-fired power generation market. Coal plays a significant role in fulfilling the energy demands of these rapidly growing economies, with a broad reliance on coal-fired power plants. Countries such as China and India are categorized by their wide coal reserves and a huge industrial and residential energy demand. Coal is the primary source of electricity in these nations, with a wide network of coal-fired power plants. While coal continues to dominate the region, the transition towards cleaner technologies progressively gains momentum, driven by technological advancements, and government initiatives.

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Global Coal-fired Power Generation Market

Report ID: SQMIG55E2030

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