This market research report includes a detailed segmentation of the global coal mining industry by mining technology (surface mining and underground mining), end use (thermal power generation, steel manufacturing, cement manufacturing, and heating), and by type(lignite, sub-bituminous, bituminous, and anthracite). It outlines the market shares for key regions such as China, India, the US, and ROW. A comprehensive analysis of the leading vendors such as Arch Coal, China Coal, Coal India, Datong Coal, Peabody Energy, and Shenhua is also included.
Technavio has released updated information on the mining market, with the publication of its new market research report, global coal mining market. The global coal mining market is expected to grow at a CAGR of 2% between 2015 and 2019. The global demand for high-quality coal is the primary driver for this industry. China dominates the global market for coal mining, accounting for 48% of the total market share. The transformation of China from an investment-led to a consumption-driven economy is driving the growth of the coal mining industry in this region.
“The coal quality is dependent on calorific value as well as its sulphur and ash content. When the calorific value is high, a lesser quantity of coal is required to generate energy, resulting in less global CO2 emissions per unit of coal. The reduction in emission is achievable when high calorific black coal is used in conjunction with high-efficiency power generation,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
The thermal power segment accounted for 62% of the market share during 2014 and is predicted to dominate the end user market until the end of 2019. As coal is used as a primary fuel resource globally for power generation, its demand in the thermal power generation market is expected to grow during the forecast period.
The leading vendors in the global coal mining market include Arch Coal, China Coal, Coal India, Datong Coal, Peabody Energy and Shenhua. The market is highly fragmented with a handful of globally organized market players. APAC has a high degree of consolidation, with the leading suppliers in this region accounting for a significant share of the market. In other regions such as North America, the level of consolidation is moderate, while Europe has a small degree of consolidation, with a number of vendors operating in these markets.
A more detailed analysis is available in the Technavio report, Global Coal Mining Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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