Global clean coal technology market is
anticipated to witness significant development from 2015 to 2022. Increasing
clean energy demand among consumers is expected to drive the global clean coal
technology market.
Clean coal technologies include
electrostatic precipitators, integrated gasification combined cycle, carbon
capture & storage, selective catalytic reduction, flue gas desulfurization
and low nitrogen oxide burners.
Rising environmental concerns and
growing awareness among consumers coupled with government incentives are
expected to aid the overall demand. R&D initiatives and technological
innovations for reducing hazardous emissions such as sulfur dioxide and
nitrogen oxide have led to extreme cost reductions. Favorable policies from EPA
and EIA coupled with venture capital funding are expected to benefit the
overall market growth.
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Higher clean coal technology
installation require large amount of investment. High initial investments
coupled with long turnover periods result in high financial risks for the
market investors. This may emerge as a major hindrance to the overall market
growth. However, R&D initiatives to tackle technological and fiscal
challenges promise abundant opportunities for the existing industry
participants.
Asia Pacific has dominated the global
clean coal technology market revenue share in 2014. Industrialization growth in
countries such as Japan, China, Malaysia, Indonesia, Vietnam, South Korea and
India is expected to drive the regional demand. North America is expected to exhibit
rapid growth rate owing to favorable environmental regulations and awareness
among consumers. Major technological growth in U.S. has resulted in clean coal
energy production capacity expansion, benefitting the overall regional demand.
Europe is expected to witness positive
growth rate over the next seven years. Germany, UK and France promises rapid
growth. Latin America and Middle East are expected to observe moderate to
sluggish growth over the forecast period. However, Brazil and Saudi Arabia
promises significant growth over the forecast period.
The industry is moderately fragmented in
nature as there are numerous medium scale business players in the industry, who
held significant revenue share in 2014. Prominent global clean coal technology
industry participants include General Electric Company, KBR, Clean Coal
Technologies Inc., Siemens AG and Alstom Power. Other market participants
include Dynegy Inc. and Tucson Electric Power.
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