Market Research Report
Clean Coal Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Clean Coal Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: June 15, 2021
IMARC Services Private Limited
Content info: 141 Pages
Delivery time: 2-3 business days
The global clean coal technologies market reached a value of US$ 3.6 Billion in 2020. Clean coal technologies refer to various technological systems that are deployed to minimize the adverse effects of burning coal for power generation. They aid in reducing the levels of sulfur dioxide (SO2) and nitrogen oxide (NOx) emissions into the environment. Some of the most commonly used technologies include fluidized-bed combustion, integrated gasification combined cycle (IGCC), flue gas desulfurization and selective catalytic reduction (SCR). These systems utilize coal to generate electricity at low costs while meeting environmental regulations. They also include supercritical (SC), ultra-supercritical (USC) and combined heat and power (CHP) technologies that purify coal to remove the unwanted minerals prior to the commencement of the combustion process.
The rising demand for clean and reliable power generation processes, along with rapid urbanization, is one of the key factors driving the growth of the market. Furthermore, there is a significant increase in industrial activities across the globe, such as automotive manufacturing and construction, which require power for functioning. This has driven the demand for clean coal technologies to minimize the overall carbon emissions and utilize sustainable sources of energy. Additionally, widespread adoption of hybrid-power projects is also providing a boost to the market growth. These projects burn natural gas in coal-fired boilers to enhance operational flexibility and minimize the emissions of greenhouse gases (GHGs). This also aids in maintaining the efficiency of supercritical pulverized coal-fired power plants and ash-handling systems, thereby augmenting the demand for clean coal technologies. Other factors, including the implementation of favorable government policies, various technological advancements and extensive research and development (R&D) activities, are expected to drive the market further. Looking forward, IMARC Group expects the global clean coal technologies market to exhibit moderate growth during 2021-2026.