Global Clean Coal Technologies Market | Top Insights, Trends and Forecast





The global clean coal technologies market expected to witness a CAGR of almost 3% during the forecast period. Certain factors that are driving the market growth include rising need for clean energy, stringent government policies pertaining to clean and sustainable energy, and growth in urbanization and industrialization. As per the latest market research report published by technavio, the global clean coal technologies industry will grow at a CAGR of above 3% between 2019 and 2023. This report provides an analysis of the global market by region (the Americas, APAC, and EMEA), and technology (CHP, supercritical, ultra-supercritical, and others). 

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The significant growth in urbanization is due to the increase in the global population and the availability of superior infrastructure. This growth in urbanization is primarily driven by emerging economies such as China, India, and Nigeria because of their rapid economic development. Urbanization directly leads to the growth in industrial activities such as construction and automotive, thereby increasing the demand for power.

The adoption of clean coal technology is due to the shift in focus towards low carbon emissions, sustainable energy sources, and government regulations. Hence, the growth in urbanization and industrialization will increase the demand for electricity, driving the demand for coal for power generation, and thereby, boosting the growth of the clean coal technologies market. 

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Coal-fired power plant operators are exploring the avenues to increase efficiency and extend the operational lives of plants. One of the options includes combining solar energy with coal-fired power plants and co-firing natural gas in coal-fired power plants. Co-firing natural gas in coal-fired boilers can help in improving the operational flexibility and reducing greenhouse gas emissions.

The development of such hybrid power plants are expected to improve the efficiency of coal-fired power plants, thus propelling the growth of the clean coal technologies market during the forecast period. 

Location: United States

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