The Global Market for Clean Coal Technologies is Projected to Reach US$40.5 Billion by 2024

Growing Emphasis on Limiting the Environmental Impact of Coal to Drive Demand for Clean Coal Technologies, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Clean Coal Technologies market. The global market for Clean Coal Technologies is projected to reach US$40.5 billion by 2024, driven by continued dependence on coal for energy generation in most countries coupled with rising demand for reliable and clean power generation, and supportive government policies for curbing emissions of coal fired power plants.

Coal forms an integral part of the energy mix of several countries across the world. However deleterious environmental effects from coal use in power generation remain a major concern as the fuel tends to emit SO2, NOx, CO2 and other types of chemical by-products that pose a serious threat to the environment and human health.  Propelled by growing concerns pertaining to environmental degradation, various countries are now devising innovative strategies to minimize carbon footprints. Clean coal technologies are used for reduction of environmental emission from coal-fired thermal plants that use combustion or gasification processes. Clean coal technologies comprise techniques such as integrated gasification cycle, carbon capture and storage, flue-gas desulfurization, selective catalytic reduction, low nitrogen oxide burners, and electrostatic precipitators among others. Increasing demand for environment-friendly technology due to increasing pollution rate and growing industrialization continue to drive demand for clean coal technologies. In most recent times, escalating global warming issues and increasing pollutants have also shifted the focus on CCTs for controlling carbon dioxide emissions.

Further, supportive policies and standards towards fuel cost savings, increased spending on environment safety, and technological advancements in new as well as existing plants are expected to drive growth of the global clean coal technology market. Clean coal technologies are expected to play a larger role in curbing emissions apart from increasing the efficiency of coal-fired power plants. The latest advancements in coal washing and emissions treatments have played a significant role in reducing costs and improving the effectiveness of Clean coal technologies. Combustion technologies such as super critical (SC), pressurized fluidized bed combustion, and UC (ultra-super critical) technologies are gaining demand in lowering emissions and improving the economics of coal-fired generation. The use of Integrated Gasification and Combined Cycle (IGCC) technology also witnessed momentum in recent years, led by its ability to realize significant increase in efficiency and reduction in CO2 emissions in comparison to conventional pulverized coal technologies.
Carbon Capture and Sequestration (CCS) is another emerging technology, which allows capture of CO2 before the gas is released into the atmosphere.

As stated by the new market research report on Clean Coal Technologies (CCT), Asia Pacific represents the largest as well as the fastest growing market worldwide. The region is led by China and India, and other South East Asian countries where coal accounts for a significant share of domestic power mix. Growth in the clean coal technology market in these countries is driven by increasing demand for energy, rising climate policy goals along with increasing support from the regional governments for investment in clean coal technologies, including efficient supercritical and ultra-supercritical plants.

Major players in the market include ADA-ES, Inc., Allied Resource Corp., GE Power, Bharat Heavy Electricals Limited, Bixby Energy Systems, Clean Coal Technologies, Inc., Doosan Heavy Industries & Construction Ltd., Foster Wheeler AG, Mitsubishi Hitachi Power Systems, Shanghai Electric Group Co., Ltd., and The Babcock & Wilcox Company, among others.

The research report titled “Clean Coal Technologies (CCT): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, growth drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for all major geographic markets including the United States, Japan, Europe, Asia-Pacific and Rest of World.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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