In order to study the various trends and patterns prevailing in the concerned market, FactMR has included a new report titled “Coal Handling System Market- Market Projections & Future Scenario Analyzed until 2028” to its wide online database including upcoming trends and growth factors. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report studies the “Coal Handling System Market” worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2028.
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Top Six Players Account for Over 35 Percent Share of the Coal Handling System Market
The coal handling system market is a fragmented landscape with presence of major and small scale players across the globe. The top six companies, including ThyssenKrupp AG, FLSmidth & Co. A/S, Metso Corporation, Kawasaki Heavy Industries, Ltd., FAM Förderanlagen Magdeburg and IHI Transport Machinery Co. Ltd., collectively account for over 35% share in coal handling system market.
Presence of leading market players is majorly concentrated in the European countries. These major players in the coal handling system market are focusing on tapping Asia Pacific region owing to its high potential in the thermal power space. The main strategy of these key players includes sales of coal handling system through contracts and agreements, and strategic partnerships with local players. For instance, in 2016 Metso Corporation extended its agreement with Sever Minerals in a bid to strengthen its presence in Russia.
HELE Plants Gain Momentum, Creating Lucrative Avenues for Coal Handling System Manufacturers
Coal Consumption continues to remain robust in power generation, characterized by their low price/calorific value, thereby sustaining sales of coal handling systems worldwide. Imperativeness of coal handling system in effective management of operations in power generation plants has spurred the emphasis of relevant industrialists on efficiency and emission control apropos of coal-based power.
HELE (High Efficiency Low Emission) technology has witnessed an increased adoption in the recent past, as the technology has been deemed to enhance capacity of the plant, while keeping the carbon dioxide emissions in check. Relatively lower consumption of coal per unit of electricity produced, reduced environment footprint, and favorable results apropos of coal-fired power generation’s efficiency, are key attributes of HELE plants which are likely to foster their future penetration into the industry.
Automation in Coal Handling Systems Picks Pace
Coal handling system being a central aspect in material flow in plants, attention toward optimization of coal handling system has been witnessed recently. Companies are now involved in enhancing the overall coal supply chain by adopting new technologies in a bid to provide efficient coal handling system that feature low power consumption.
Lucrativeness of Asia Pacific for Coal Handling System Sales Pervasive
The demand for coal handling system in the Asia Pacific region, particularly in the emerging economies such as China and India, is expected to be on an upswing on the back of growing port capacity expansions. For instance, existing coal handling operations at Mormugao Port are being pushed further enhancing the coal handling capacity of the port. Likewise, the expansion of Matarbari port is the offing. The coal terminal in Matarbari port would handle huge amounts of coal owing to growing coal-powered plants in Bangladesh. This factor continues to remain instrumental in driving the demand of coal handling system, enhancing the lucrativeness of the Asia Pacific region.
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Shift toward Renewable Energy Sources to Limit Adoption of Coal Handling System
Growing inclination toward renewable sources of energy such as solar power, wind energy and biomass on back of rising concerns regarding greenhouse emissions is likely to challenge the growth of coal handling system market. Countries are largely focusing on using these sources to meet their energy requirements. For instance, China is at the forefront of the renewable sector, with large annual investment in renewable sources as compared to United States and EU combined. An additional investment of US$ 360 billion has been pledged by Chinese government in renewable sector before 2020. The shift toward renewable sources is expected to reduce the use of coal, eventually creating challenges for coal handling system manufacturers in the coming years.
The report on coal handling system market includes detailed analysis on key players involved in the coal handling system manufacturing and distribution. The competitive landscape section of the report covers key facets such as SWOT analysis, coal handling system product portfolio analysis, key coal handling system developments, strategic alliances, strategies and financials. The coal handling system market report has profiled key companies such as Thyssenkrupp AG, Famur SA, FLSmidth Co., A/S and Metso Corporation.
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