Major companies in the coal, lignite and anthracite market include China Shenhua Energy Co., Ltd., Glencore International, China Coal Energy Co., Ltd., Coal India Co., Ltd., Shaanxi Coal Mining Co., Ltd., Yanzhou Coal Mining Co., Ltd., BHP Billiton Group, Coal and United Industry, Anglo American and Yangquan Coal Group.
NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Coal, Lignite and Anthracite Global Market Report 2022”- https://www.reportlinker.com/p06282210/?utm_source=GNW
The global coal, lignite and anthracite market is expected to grow from USD 804.16 billion in 2021 to USD 875.8 billion in 2022, at a compound annual growth rate (CAGR) of 8.9%. The coal, lignite and anthracite market is expected to grow to USD 1,306.04 billion in 2026 at a CAGR of 10.5%.
The coal, lignite, and anthracite market includes coal, lignite, and anthracite sold by entities (organizations, sole traders, and partnerships) that mine bituminous, anthracite, and lignite through underground, surface, stalk, and other mining. Surface mining technology. It also includes the development of coal mine sites and coal improvements, including coal cleaning, washing, screening and grading.
The main types are coal, lignite and anthracite. Anthracite is a hard and dense sub-metallic lustrous coal.
It is the coal with the highest carbon content, the least impurities and the highest energy density of all coals. The various mining techniques employed include open-pit mining and underground mining for large enterprises, small and medium-sized enterprises.
The end-user industries for coal, lignite and anthracite are electricity, steel, cement, etc.
Asia Pacific is the largest region for the coal, lignite and anthracite market in 2021. Eastern Europe is the second largest region for the coal, lignite and anthracite markets.
The regions covered by the coal, lignite and anthracite market are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing share of coal in power generation in some countries is expected to drive the coal market. Some 20 countries are switching to coal for power generation, including nine in Africa (Democratic Republic of Congo, Egypt, Côte d’Ivoire, Kenya, Morocco, Mozambique, Niger, Senegal and Tanzania), three in Central America (Dominican Republic, Panama and El Salvador), Two are in the Middle East (UAE and Jordan) and three are in Asia (Bangladesh, Cambodia and Myanmar).
By 2025, these countries will have more than 65 coal-fired power plants in operation with an installed capacity of 50 GW. Significant increases in coal use are also expected in Vietnam, the Philippines and Malaysia.
Countries such as China, India and Indonesia, where electricity is mainly produced by coal, will significantly reduce the share of coal in their power mix, but not less than 35%, due to their abundant domestic coal reserves and their economic attractiveness. Continued global demand for coal power generation and increasing share of coal in power generation in some countries will propel the coal market forward.
The negative impact of coal on the environment will drive coal end users to switch to alternative energy sources. Coal-fired power plants are the largest individual source of climate pollution.
They are responsible for more than 70% of CO2 emissions from the power generation industry globally; this is expected to dampen the growth of coal mines. Coal burning also kills about 3.5 million people each year from air pollution. According to the International Monetary Fund, the combined external cost and damage to health, land, water and nature from coal globally is estimated at around 3 trillion euros ($3.3 trillion) annually, equivalent to 4 percent of global GDP.Environmental impact of coal will limit coal, lignite and anthracite mining market
Coal mining companies are using the 3D mine visualizer to obtain a real-time digital model of the mine. The 3D Mine Visualizer generates a 3D model of the mine layout and transfers it directly to the operator.
Through a web-based interface, information about the model is available to any connected device. It provides full 3D record and playback capabilities, thus allowing operators to view and analyze historical data to improve productivity and identify best practices. The 3D mine visualizer significantly increases productivity in large mining environments. It is an invaluable tool for operations planning, analyzing problem areas and tracking mine development. Companies such as Sandvik and Komatsu are offering 3D visualization systems.
The countries covered by the coal, lignite and anthracite market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel , Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, US, Vietnam, Bangladesh, Ukraine and Iran.
Read the full report: https://www.reportlinker.com/p06282210/?utm_source=GNW
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