The increasing energy demand is expected to drive the coal industry to generate electricity. Coal is a key product for electricity generation due to its abundant availability and low cost compared to other electricity generation technologies. These factors are expected to drive the market’s growth during the forecast period. The increasing electricity demand, a rising population, which is creating demand for the residential sector, rapid industrialization and urbanization along with the need for energy in heavy industries, easy availability of raw materials across the globe, coal gasification, and fluidized bed combustion is witnessing high demand owing to their lower emission standards are the key as well as important factors which will be expected to augment the growth of the coal power generation market in the projected timeframe.
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Key Players
- NTPC Ltd
- Southern Company
- Uniper SE
- CHINA SHENHUA
- Duke Energy Corporation
- China Huadian Corporation LTD
- KEPCO Engineering and Construction Company INC
- American Electric Power Company Inc
- Dominion Energy