Market Research Report
Global Coal Handling Equipment Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||793735|
Delivery time: 2-3 business days
|Global Coal Handling Equipment Market Research and Forecast, 2019-2025|
|Published: February 18, 2019||Content info:||
Global Coal Handling Equipment Market Size, Share & Trends Analysis Report by Application (Crushing, Pulverizing and Screening, Drills and Breakers, Dust Collection and Others), by Types (Material Handling Equipment, and Crushing Equipment), and Forecasts, 2019 - 2025
Coal is an important fossil fuel that is widely used to generate power in power plants. From its unloading at the plant to its subsequent fire in the furnace, coal goes through several phases such as preparation and handing which demands an efficient and smooth material flow and quality management systems. Coal handling equipment market is expected to grow significantly over the forecast period. There is an increasing demand for coal in power generation plant across emerging economies such as China and India which is likely to surge the coal handling equipment market. However, environmental concerns and stringent regulation regarding the minimal use of fossil fuel for any operation is likely to create hindrance in the market. Besides, smoothening handling operations with an objective to reduce wastage, cost and handling time are expected to create significant opportunities for the market players.
However, there are factors that are hindering the usage of coal as a source to generate heat in various power plants. These factors include environmental concerns and stringent regulations, and the availability of low-cost alternative fuels such as shale gas and natural gas among others. In developed regions such as North America and Europe, stringent regulations and environmental concerns have clamped down the industry in recent years. These regulations and policies have pushed power generation companies to shift towards cleaner fuel such as natural gas from coal. Such a shift is likely to hinder the market over the forecast period. Moreover, government across the globe are taking initiatives to promote renewable power generation sources such as wind, solar and hydro which are expected to create hindrance in the global coal handling equipment market.
Global coal handling market consists of several players that adopt various strategies in order to remain competitive in the market and give the edge to edge competition to their rivals. Key major players in the coal handling equipment market are Caterpillar, Inc., Hitachi Construction Machinery Co., Ltd. Terex Corp., Aesha Conveyors, and Crushing Equipment, Universal Engineering & Equipment Manufacturers, and Eriez Manufacturing Co.
The market study of the global coal handling equipment market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for research organizations, power generation companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Global coal handling equipment market is segmented on the basis of regional outlook and following segments: