18 July 2019
Visiongain’s new report Clean Coal Technologies (CCT) Market 2019-2029 reveals clean coal technologies market is valued at $3.4 bn in 2019. The market is projected to follow a moderate growth trajectory over the next decade due to government regulation on clean energy and particularly due to growing electricity demand in the Asia Pacific. This will revolutionize the clean coal technology industry and could potentially create $3.4 bn opportunities for various types of companies within the clean coal technologies value chain.
Clean coal technology finds to reduce harsh environmental effects by using several technologies to clean coal and contain its emissions. Clean coal Technology Market is segmented into several technologies, such as supercritical, ultra-supercritical, Combined Heat and Power, and others. The growth of coal fired supercritical power plant technology is an evolutionary advancement towards higher power output per unit and higher efficiency. supercritical plants are very efficient plants with superlative pollution control technology, lessening the existing pollution levels by burning less coal per megawatt-hour produced, capturing the vast majority of the pollutants.
Clean coal technologies market is poised for moderate growth in the upcoming years. Growing electricity demand and increasing demand for clean energy are the factors fostering the growth of the clean coal technology market. Governments and environmental agencies in North America & Europe such as the EPA and EIA have taken up initiatives towards a clean environment and are slated to positively impact clean coal technology market growth. The adoption of clean energy sources such as renewables has been increasing owing to stringent regulations for reducing carbon emissions, thereby leading to a decline in traditional coal-fired power generation. This has resulted in coal-fired plant owners adopting clean coal technologies to continue with their plant operations and ensure compliance with regulations.
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Clean Coal Technologies Market 2019-2029: $3.4 billion clean coal technologies market poised for moderate growth due to growing usage of supercritical technology
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