There is growing pressure on the global power sector to decarbonize, which in turn puts pressure on new investment in coal-fired power generation. Energy security is a significant mega trend, whose importance is heightened by the Russo-Ukrainian War and the resulting disruption in the global power market. Many of the traditional high coal dependency economies in Asia-Pacific are reluctant to move away from a reliable source of baseload energy, particularly as they face high year-on-year growth in power demand. China will remain the most important market for coal-fired investment, but India, Vietnam, Bangladesh, Thailand, Japan, and Indonesia are amongst the countries that will continue to build coal-fired plants through the 2020s.
Growth opportunities will come from the existing base of plants, many of which will be operational into the 2060s in APAC. Strong growth is forecast for carbon capture, storage and utilization (CCUS), particularly in APAC. It will not be a standardized offering across all plants, but it will be deployed for key sites, and if the technology’s commercialization continues to improve, growth could be even higher. Another key opportunity will be the deployment of digital technologies to increase operational efficiency of legacy assets—to maximize the power generated from fuel burnt, to minimize emissions, and to minimize unscheduled downtime. Finally, for regions closing their plants, there will be significant opportunities in the decommissioning of those plants.
Author: Manoj Shankar
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Coal Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Main Findings
Scope of Analysis
Key Competitors
Growth Drivers
Growth Restraints
Major Trends Shaping the Global Coal Power Market
Increasing Investment in CCUS: Installations will Take Off After 2025
Increasing Investment in CCUS: Installations will Take Off After 2025 (continued)
Increasing Investment in CCUS: Key Investments by Region
Deploying Digital Technologies Increases Legacy Asset Efficiency
Deploying Digital Technologies Increases Legacy Asset Efficiency (continued)
Deploying Digital Technologies Increases Legacy Asset Efficiency (continued)
Aging Plant Decommissioning
Aging Plant Decommissioning (continued)
Aging Plant Decommissioning (continued)
Economics of Coal
Economics of Coal (continued)
Economics of Coal (continued)
Economics of Coal (continued)
Regulatory Policy
Regulatory Policy (continued)
Total Installed Capacity
Annual Additions
Market Analysis by Region
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Market Analysis by Region (continued)
Growth Opportunity 1: New Plant Construction
Growth Opportunity 1: New Plant Construction (continued)
Growth Opportunity 2: New Technologies
Growth Opportunity 2: New Technologies (continued)
Growth Opportunity 3: Plant Decommissioning
Growth Opportunity 3: Plant Decommissioning (continued)
List of Exhibits
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List of Figures- Global Coal Power Market: Growth Drivers, Global, 2023–2050
- Global Coal Power Market: Growth Restraints, Global, 2023–2050
- Annual Carbon Capture Capacity Addition by Region, Global, 2020–2040
- Decommissioning Capacity, Global, 2020–2050
- Total Installed Capacity, Global, 2020–2050
- Annual Additions, Global, 2020–2050
- Installed Capacity, North America, 2020, 2030, 2040, 2050
- Installed Capacity, China, 2020, 2030, 2040, 2050
- Installed Capacity, India and the Rest of South Asia, 2020, 2030, 2040, 2050
- Installed Capacity, ASEAN, 2020, 2030, 2040, 2050
- Installed Capacity, Europe, 2020, 2030, 2040, 2050
- Installed Capacity, East Asia (excluding China), 2020, 2030, 2040, 2050
- Installed Capacity, CIS, 2020, 2030, 2040, 2050
- Installed Capacity, Africa, 2020, 2030, 2040, 2050
- Installed Capacity, ANZ and the Rest of the Pacific, 2020, 2030, 2040, 2050
- Installed Capacity, Latin America, 2020, 2030, 2040, 2050
- Installed Capacity, Middle East, 2020, 2030, 2040, 2050
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| Deliverable Type | Market Research |
|---|---|
| Author | Manoj Shankar |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Global Power Market |
| Keyword 2 | Coal Power Generation Market |
| Keyword 3 | Power Market |
| List of Charts and Figures | Global Coal Power Market: Growth Drivers, Global, 2023–2050~ Global Coal Power Market: Growth Restraints, Global, 2023–2050~ Annual Carbon Capture Capacity Addition by Region, Global, 2020–2040~ Decommissioning Capacity, Global, 2020–2050~ Total Installed Capacity, Global, 2020–2050~ Annual Additions, Global, 2020–2050~ Installed Capacity, North America, 2020, 2030, 2040, 2050~ Installed Capacity, China, 2020, 2030, 2040, 2050~ Installed Capacity, India and the Rest of South Asia, 2020, 2030, 2040, 2050~ Installed Capacity, ASEAN, 2020, 2030, 2040, 2050~ Installed Capacity, Europe, 2020, 2030, 2040, 2050~ Installed Capacity, East Asia (excluding China), 2020, 2030, 2040, 2050~ Installed Capacity, CIS, 2020, 2030, 2040, 2050~ Installed Capacity, Africa, 2020, 2030, 2040, 2050~ Installed Capacity, ANZ and the Rest of the Pacific, 2020, 2030, 2040, 2050~ Installed Capacity, Latin America, 2020, 2030, 2040, 2050~ Installed Capacity, Middle East, 2020, 2030, 2040, 2050~ |
| Podcast | No |
| WIP Number | PD9F-01-00-00-00 |
Global Coal Power Growth Opportunities
APAC Drives Investment in Coal-fired Power Generation
17-May-2023
Global
Market Research