The Asia Pacific clean coal technologies market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Clean coal technologies (CCTs) are utilized to minimize the adverse effects of coal combustion on the environment. They mitigate air pollution from coal power stations, thereby reducing the sulfur dioxide (SO2) and nitrogen oxide (NOx) emissions. Some of the commonly used CCTs are flue gas desulfurization, integrated gasification combined cycle (IGCC), fluidized-bed combustion, and selective catalytic reduction. At present, they are widely being adopted in the Asia Pacific as they preserve the environment from coal combustion activities.
Rapid urbanization and rising population are resulting in the increasing utilization of energy in the Asia Pacific region. This is prompting utility companies to generate electricity by using clean methods, which represents one of the significant factors strengthening the growth of the clean coal technologies market. Moreover, governments of various countries are focusing on the installation of CCTs. For instance, the Government of Japan recently announced the abolishment of 90% of the inefficient coal-fired power generators and the installation of superior and cleaner coal power generators in the country. However, the onset of the coronavirus disease (COVID-19) and implementation of lockdown restrictions have resulted in the temporary closures of several manufacturing units, which has negatively impacted the market growth. The CCT market is anticipated to experience growth once relaxations are introduced.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific clean coal technologies market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on technology.
Breakup by Technology:
- Integrated Gasification Combined Cycle (IGCC)
Breakup by Country:
- South Korea
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||China, Japan, India, South Korea, Australia, Indonesia, Others
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Key Questions Answered in This Report:
- How has the Asia Pacific clean coal technologies market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific clean coal technologies market?
- What are the key regional markets?
- What is the breakup of the market based on the technology?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific clean coal technologies market and who are the key players?
- What is the degree of competition in the industry?