Coal handling systems are critical for the efficient and smooth flow of material and the management of related systems. Fact.MR, an ESOMAR-certified market research and consulting firm, examines key factors that will drive adoption over the next decade in its latest report on the coal handling system market.
According to the study, demand is tracked in over 20 countries, with APEJ being the largest market. A chapter on the impact of the ongoing COVID-19 pandemic on this industry is also included. Thermal power plant demand is high, and this trend is expected to continue through 2030. Fact. MR has conducted a thorough analysis of the coal handling system market, including market drivers, barriers, competitive scenario, and business potential in the coming years.
Coal Handling System Market Segmentation by Category
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Competitive Environment
Contracts and agreements are commonly used to sell coal handling systems. Because of the sustainable attributes of thermal power plants, larger market players are now strategizing their efforts to collaborate with them. These plants use multiple processes to convert coal into electricity, which helps to reduce air pollution. In coal, they destroy the ash content, sulphur dioxide, and carbon dioxide.
With orders totaling US$ 115 million, Thyssenkrupp AG signed a contract with Doosan Power Systems India to provide coal handling systems for two major thermal projects in Uttar Pradesh.
In order to strengthen its presence in Russia, Metso Corporation extended its agreement with Sever Minerals.
