Coal Power Generation Market Growth Prospect, Distributor Analysis & Applications Insights 2030
The global coal power generation market recorded a total installed volume of 2,056.95 GW in 2023 and is projected to reach 2,266.14 GW by 2030, growing at a modest CAGR of 1.1% from 2024 to 2030. Despite the global push toward renewable energy, coal continues to play a central role in meeting energy demand, largely due to its abundant availability, established infrastructure, and comparatively low cost when measured against other electricity generation technologies. These factors are expected to sustain coal’s contribution to power generation during the forecast period. The demand for electricity worldwide is rising rapidly, particularly in emerging economies where industrialization, urbanization, and population growth are increasing energy consumption. This trend is one of the primary reasons coal remains in the global energy mix. While renewable sources are expanding, coal provides a stable and reliable base-load power supply, making it crucial for countries that...