Coal-fired capacity to surpass 2 TW by 2020
Published by Jonathan Rowland,
Editor
World Coal,
The global coal-fired power capacity is expected to grow to 2072.8 GW by 2020, according to a new report from Grand View Research.
Coal’s low cost will drive Asian demand
The availability of and low costs of the fuel in coal-rich Asian countries will stay the key driver for the market, while rising electricity consumption – especially in emerging markets – is also expected to have a positive impact on demand.
On the downside, regulatory action in Europe and North America, along with a push for cleaner energy sources, may hinder market growth in these regions over the next six years.
Commercial usage dominate coal-fired power demand
In terms of application, commercial uses dominated coal-fired power demand, accounting for 55.7% of the total market in 2014. Commercial applications are also expected to be the fastest growing application sector with a CAGR of 5% from 2014 to 2020.
The report also analyed the technology market for the coal-fired power sector and found that pulverized coal systems accounted for over half of the capacity installed in 2013. Meanwhile, alternative cyclone furnace systems will grow at a CAGR of 2.6% to 2020 to reach 614.6 GW of installed capacity.
Written by Jonathan Rowland
Read the article online at: https://www.worldcoal.com/power/28052014/coal_fired_capacity_to_surpass_2_tw_by_2020_coal897/
You might also like
Innovating sanitation: New technologies transforming mining camp health
Mining sites are full of health and cleanliness hazards, which require camps to take more advanced precautions to preserve their workforce. From constructed wetlands to AI, plenty of disruptive technologies are changing the landscape.
