Technavios research analyst predicts the global coal mining industry to grow steadily at a rate of 2%, in terms of consumption, during the forecast period. The coal consumption in China is expected to account for three-fifth of demand during the forecast period. The global demand for high-quality coal is the primary driver for this industry. The coal quality is dependent on calorific value as well as its sulphur and ash content. When the calorific value is high, a lesser quantity of coal is required to generate energy, resulting in less global CO2 emissions per unit of coal.
However, the environmental impact of the production and consumption of coal is expected to deter the market growth during the forecast period. The most significant impact is acid mine drainage, where acid run-off is formed through a chemical reaction between sulfur-bearing rocks and water, and contaminates river water.
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Segmentation by end user and
analysis of the coal mining industry
- Thermal power generation
- Steel manufacturing
- Cement manufacturing
- Heating
The thermal power segment accounted
for 62% of the market share during 2014 and is predicted to dominate the end
user market until the end of 2019. As coal is used as a primary fuel resource
globally for power generation, its demand in the thermal power generation
market is expected to grow during the forecast period.
Segmentation by type and analysis of
the coal mining industry
- Lignite
- Sub-bituminous
- Bituminous
- Anthracite
The bituminous segment accounted for
52% of the coal mining market during 2014. It is mostly found in the US and
accounts for more than 50% of the reserve in the region. It is most commonly
used in electric power generation in the US. It has a higher heating value
compared ton lignite and sub-bituminous coal, but lesser than anthracite.
Geographical segmentation and
analysis of the global coal mining industry
- China
- India
- US
- ROW
Technavios analysts expect China to
dominate the global coal mining industry with a market share of around 48%
during the forecast period. The transformation of China from an investment-led
to a consumption-driven economy is driving the growth of the coal mining
industry in this region. The Chinese market is expected to witness export of
steel manufacturing materials like metallurgical coal and iron ore during the
forecast period.
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Competitive landscape and key
vendors
The coal mining market is highly
fragmented with a handful of globally organized market players. APAC has a high
degree of consolidation, with the leading suppliers in this region accounting
for a significant share of the market. In other regions such as North America,
the level of consolidation is moderate, while Europe has a small degree of
consolidation, with a number of vendors operating in these markets.
The leading vendors in the market
are -
·
Arch Coal
·
China Coal
·
Coal India
·
Datong Coal
·
Peabody Energy
·
Shenhua
Other prominent vendors in the
market include Anglo American, BHP Billiton, and Shaanxi Coal.
Key questions answered in the report
include
·
What will the market size and the
growth rate be in 2019
·
What are the key factors driving the
global coal mining industry
·
What are the key market trends
impacting the growth of the coal mining industry
·
What are the challenges to market
growth
·
Who are the key vendors in this
market space
·
What are the market opportunities
and threats faced by the vendors in the global coal mining industry
·
Trending factors influencing the
market shares of the China, India, US, and ROW
·
What are the key outcomes of the
five forces analysis of the coal mining industry
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