Shibuya-ku, Tokyo, Japan, Japan, May 02, 2022, 00:58 /Comserve / -- The global clean coal technology market size was more than $3.7 billion and is projected to witness a lucrative growth of over 2.9% during the forecast period.

An increasing demand for electricity, growing demand for clean energy, and availability of raw materials across the world will significantly drive the global clean coal technology market.

The high cost, coupled with the rising implementations of renewables will inhibit the clean coal technology market growth.

On the basis of technology, the market has been segmented into Supercritical, Ultra-Supercritical, Combined Heat and Power, and Others. Supercritical technology contributed to the dominant share in 2019, owing to the usage for new commercial coal-fired plants in various countries.

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Based on the region, the global clean coal technology market has been studied across North America, Europe, Asia-Pacific, Latin America, and MEA. In 2019, the Asia Pacific market dominated the global market with a share of 68%. This is majorly due to the rising adaption of clean coal technologies in countries such as the China and India. Moreover, this region is experiencing a growing demand for supercritical clean coal technology

Some of the companies operating in this market include General Electric, Shanghai Electric, Siemens, Mitsubishi Electric, BHEL, DongFang Electric, Harbin Electric Company Limited, Toshiba, Doosan, and Babcock & Wilcox among many others. Contract along with new projects carried out in several regions across the globe are some of the key strategies opted by the industry participants to retain their position in the global or regional markets.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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