The
global coal mining market is comprised of metallurgical and thermal
coal, which is extracted from surface and underground mines. Coal
mining is an important economic activity that provides millions of
dollars by means of revenue to both developed and developing
economies. The report on the global coal mining market analyzes the
growth prospects and opportunities in underground mines as well as
surface pits. The analysis also offers a greater understanding of the
coal mining market based on the type of coal mined, which can be
classified as: Anthracite, bituminous, and lignite. Based on
technology type, the industry is comprised of horizontal drilling and
hydraulic fracturing.
The
report’s sharp focus on market estimates (both globally and
regionally) make it a valuable asset for coal mining companies,
suppliers of coal mining equipment, and providers of ancillary
services associated with this industry.
Overview
of the Global Coal Mining Market
The
World Coal Association – an industry body that comprises coal
stakeholders and producers – states that as of January 2015, about
6185 million tons of hard coal is mined worldwide. The brown
coal/lignite production figures stand at about 1042 million tons. The
five biggest coal mining countries—China, the U.S., India,
Australia, and South Africa—are scattered across the global.
Transportation is an inseparable part of the coal mining market. The
means of transportation over shorter distances include conveyors or
trucks, and over longer distances, the fossil fuel is transported
using barges and trains.
Developing
countries-with their voracious appetite for energy, infrastructure
and steel-will continue to push up the demand for
coking/metallurgical coal over the next four to five years at least.
Electricity generation, for the most part, still relies on coal. This
trend will likely remain so for the next decade or so, indicating a
steady demand for coal. This will prove beneficial for coal mining
operators.
The
most remunerative opportunities for the coal mining market will come
from the emerging industries sector, which requires metallurgical
coal in massive quantities. But these opportunities could be dampened
to a great extent because of a surplus in coal supply that will cause
the prices of coal to slide. Moreover, the growth rate of developing
economies is likely to be lower than initially expected, potentially
leading to a lower demand for metallurgical coal. The coal mining
market will also be hit on account of a higher share of renewable
resources (solar, wind, nuclear etc.) in the energy generation
market.
The
report’s analysis spans all major geographical regions such as
North America (the U.S. and Canada), the APAC region (China,
Australia, India and Indonesia), and Europe. Asia Pacific boasts
among the largest reserves of coal in the world, with China alone
contributing over 65% of the total regional shares of coal. This also
places the country as the top-ranking producer of coal.
Leading
Players in the Coal Mining Market
The
report offers an in-depth analysis of coal mining companies with a
global presence, such as: Arch Coal Inc., Peabody Energy Corporation,
Alpha Natural Resources, and CONSOL Energy Inc.
Enquiry
Before Buying :-
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1955
Browse
Market Research Blog:
No comments:
Post a Comment