Global Coal Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
23 Apr, 2021
The coal market consists of sales of coal by entities (organizations, sole traders and partnerships) that mine bituminous coal, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. The coal mining industry also develops coal mine sites, and improves coal, including cleaning, washing, screening, and sizing of coal.
Global Coal Market Size And Drivers:
The global coal market is expected to grow from $705.8 billion in 2020 to $786.64 billion in 2021 at a compound annual growth rate (CAGR) of 11.5%. The market is expected to reach $962.88 billion in 2025 at a CAGR of 5%.
During the historic period, growth in coal power generation drove the coal market.
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Trends In The Global Coal Market
Coal mining companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. 3D mine visualizers significantly enhance the productivity of large mining environments.
Global Coal Market Segments:
The global coal market is further segmented based on type, end user industry, mining technology and geography.
By Type: Bituminous Coal, Sub-Bituminous Coal.
By End-User Industry: Electricity, Steel, Cement, Others.
By Mining Technology: Surface Mining, Underground Mining.
By Geography: The global coal market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global coal market, accounting for 85% of the total market.
Read More On The Report For The Global Coal Market At:https://www.thebusinessresearchcompany.com/report/coal-global-market-report
Coal Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides coal market overviews, analyzes and forecasts market size and growth for the global coal market, coal market share, coal market players, coal market segments and geographies, coal market’s leading competitors’ revenues, profiles and market shares. The coal market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.