Thursday 5 February 2015, Amsterdam
The new report recognizes the following companies as the key players in Global Coal-fired Power Generation Market: China Datang Corp., China Huaneng Group Corp., Korea Electric Power Corp., Shenhua Group Corp. Ltd., American Electric , ower Co. Inc., Dominion Energy Solutions Inc., Duke Energy Corp., E.ON SE, , Eskom Holdings SOC Ltd., Georgia Power Co., Jindal India Thermal Power Ltd., NTPC Ltd., RWE AG, Shikoku Electric Power Company Inc., STEAG GmbH, Tenaga Nasional Bhd.
Commenting on the report, an analyst from the reports team said: “The increase in carbon emissions from coal-based power plants has prompted governments to shift their focus to clean coal technologies such as supercritical and ultra-supercritical technologies, CCS, and IGCC to reduce carbon emissions. Supercritical and ultra-supercritical technologies are the only two technologies that have been widely deployed by different countries for the construction of pulverized coal combustion plants. IGCC and CCS are new and technically viable technologies that have still not gained popularity worldwide because of their higher capital and operational costs. It is expected that with the technological advancements, these technologies will become more cost competitive and commercially available.”
According to the report, one of the main drivers in this market is the increase in the electric power demand worldwide. The huge untapped reserves and the abundant supply of coal make it a reliable option for electric power generation. This in turn is expected to drive the growth of the market during the forecast period.
Further, the report states that one of the major challenges confronting the market is the stringent environmental regulations. Many developed countries worldwide have implemented stringent environmental regulations to reduce carbon emissions and GHGs emanating from coal-based power plants.
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.