The global coal handling equipment market has been driven by increasing mining activities across the globe. Coal handling equipment is used to unload in boiler furnace and transport coal at the plant. Coal handling equipment is used during numerous preparation and storage stages. These stages require certain equipment to handle the coal in power plants along with an efficient and smooth quality and material flow system. Coal is still considered as a dominant fuel in the energy sector for power generation across the globe, especially in developing economies such as China and India. Hence, there is an increase in demand for automation, fuel mobility, supply monitoring, and efficient consumption which creates significant opportunities for coal handling equipment market.
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The demand for coal handing equipment is increasing attributed to growing demand from the coal mining industry. The US, China, and Australia have the biggest coal mines by reserve across the globe. The US has three of the world’s ten biggest coal mines by reserve while China and Australia each contain two of the biggest. There is a significant demand for coal handing equipment from these countries. The US is technological advancements country and utilize automation and fuel mobility system in order to increase the efficiency of thermal power plants. Further, emerging economies such as India and China have well-developed power generation facilities deploying coal as the major fuel that assist these economies in maintaining a major position in the market.
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Furthermore, monitoring of coal quality increased coal mining activity and highly efficient material tracking will fuel the growth of the market. However, the growth of the market is expected to slow down due to factors such as stringent regulations by governments and environmental concerns across the globe. Additionally, renewable energy such as solar energy, wind energy, and hydroelectricity is being promoted through government initiatives for power generation. These are anticipated to critically affect the global coal handling equipment market in the future.
Current Market Trends Covered in the Market Report:
• High demand for mine planning and automation solutions
• Asia-Pacific region– an emerging sector in the global coal handling equipment market
• New product development and technological advancements- key drivers of competition
• Impact of renewables sources for power generation
• Need for faster fuel mobility across the globe
Global Coal Handling Equipment Market – Segmentation
• Pulverizing and Screening
• Drills and Breakers
• Dust Collection
• Others (Surface Mining, Underground Mining)
• Material Handling Equipment
• Belt Conveyor
• Screw Conveyor
• Bucket Elevator
• Crushing Equipment
Global Coal Handling Equipment Market –Region
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• AB Volvo
• Abco Manufacturing Co.
• Aesha Conveyors and Crushing Equipment
• Atlas Copco Group
• Caterpillar, Inc.
• CDM Systems, Inc.
• Ceramic Technology, Inc.
• Dynamic Air, Inc.
• Elecon Engineering Co. Ltd.
• Eriez Manufacturing Co.
• FAB 3R, Inc.
• GMV Engineering Pvt. Ltd.
• Hitachi Construction Machinery Co., Ltd.
• Magnetool, Inc.
• Mineral Products, Inc.
• N.M. Heilig B.V.
• Standley Batch Systems, Inc.
• Stirling Equipment & Systems, Inc.
• Tema Systems, Inc.
• Terex Corp.
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