PUBLISHER: The Business Research Company | PRODUCT CODE: 1674494
PUBLISHER: The Business Research Company | PRODUCT CODE: 1674494
Clean coal technologies (CCTs) represent a new generation of enhanced coal utilization methods designed to make coal use environmentally friendly and efficient. These technologies aim to reduce greenhouse gas emissions associated with fossil fuels.
Various clean coal technologies such as fluidized-bed combustion, integrated gasification combined cycle (IGCC), flue gas desulfurization, low nitrogen oxide (NOX) burners, selective catalytic reduction (SCR), and electrostatic precipitators are employed to improve coal burning processes. IGCC involves gasifying finely crushed coal with reduced oxygen levels compared to complete combustion. Combustion types include pulverized coal, supercritical pulverized coal, circulating fluidized bed, and IGCC, utilizing technologies such as supercritical and ultra-supercritical methods, combined heat and power, among others. These technologies use capture methods such as post-combustion, pre-combustion, and oxy-coal combustion. Clean coal technologies find application in various sectors such as the chemical industry, commercial enterprises, pharmaceutical industry, and other end users.
The clean coal technology market research report is one of a series of new reports from The Business Research Company that provides clean coal technology market statistics, including clean coal technology industry global market size, regional shares, competitors with a clean coal technology market share, detailed clean coal technology market segments, market trends and opportunities, and any further data you may need to thrive in the clean coal technology industry. This clean coal technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The clean coal technology market size has grown steadily in recent years. It will grow from $4.03 billion in 2024 to $4.21 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to government regulations, rising global energy demand, energy security concerns, coal reserves, infrastructure development.
The clean coal technology market size is expected to see strong growth in the next few years. It will grow to $5.22 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increased research funding, global economic trends, global climate agreements, shift in energy mix, renewable energy sources. Major trends in the forecast period include advanced gasification technologies, hybrid technologies, smart grid integration, digitalization and automation.
The increasing demand for clean energy is anticipated to propel the expansion of the clean coal technology market in the foreseeable future. Clean energy refers to energy generated from renewable, non-emitting sources and energy conserved through energy-saving practices. It finds application in various contexts, serving different purposes such as electricity generation, water heating, and more, depending on the energy source. A key driver behind the escalating need for clean energy is the growing consumption of electricity. This heightened demand is attributed to increased household incomes, the electrification of transportation and heating, and the surging demand for digitally connected devices and air conditioning. For example, in 2023, reports from the Business Council for Sustainable Energy, a U.S.-based clean energy trade association, highlighted significant advancements in renewable energy in the United States. In 2022, renewables accounted for 13% of the total U.S. energy demand, and the combined contribution of renewables and natural gas to total power generation increased from 43% to 62% within a few years. In the same year, the U.S. witnessed the addition of over 25.5 GW of new clean power, constituting nearly 80% of all new capacity. Consequently, the escalating demand for clean energy is steering the growth trajectory of the clean coal technology market.
The rise in energy fuel prices is anticipated to drive the growth of the clean coal technology market in the future. Energy fuel refers to substances used for energy production, which undergo transformation to generate power. By offering a cleaner alternative to conventional coal, clean coal technologies can contribute to a more stable energy market. This stability can help mitigate price volatility stemming from factors such as fluctuating global coal prices or geopolitical tensions. For example, in July 2024, the UK Parliament's House of Commons Library, a UK-based government agency, reported that the energy price cap increased by 12% in October 2021, followed by a 54% hike in April 2022. It was projected to rise by 80% in October 2022, with gas prices surging by 91% and electricity prices by 70%. Consequently, the increasing fuel prices are propelling the growth of the clean coal technology market.
Major companies in the clean coal technology market are concentrating on creating innovative solutions such as digital analytics tools and improved carbon capture methods to enhance efficiency and reduce environmental impact. Digital analytics tools are software applications and platforms that gather, analyze, and report data from digital channels, allowing businesses to comprehend user behavior, monitor website performance, and effectively optimize marketing strategies. For example, in November 2023, Terra Praxis, a UK-based company, introduced the EVALUATE application at COP27. This application assists coal plant owners in evaluating the feasibility of converting their facilities to emissions-free power sources. The initiative aims to utilize advanced technologies to support the decarbonization of over 2,400 coal plants worldwide, making the transition both cost-effective and efficient.
Leading companies in the clean coal technology market are prioritizing strategic investments to boost the production of cleaner and more efficient coal energy solutions. Such investments enhance production efficiency, foster product innovation, lower operational costs, and expand market presence. These efforts enable companies to meet growing demand and strengthen their competitive position. For instance, in July 2023, ArcelorMittal S.A., a Luxembourg-based multinational steel manufacturing company, invested $4.76 million (C$6.6M) in CHAR Technologies Ltd., a Canadian company. This investment aims to develop sustainable alternatives to coal by generating biocarbon through the conversion of biomass and waste materials. This biocarbon can be utilized in steelmaking processes, offering a cleaner and more environmentally friendly alternative to traditional coal.
In February 2022, Babcock & Wilcox Enterprises Inc., a notable American firm specializing in renewable, environmental, and thermal energy technologies, successfully completed the acquisition of Fossil Power Systems Inc. (FPS), the specifics of which remained undisclosed. This strategic move significantly augments Babcock & Wilcox Enterprises Inc.'s portfolio, enabling enhanced exploration of prospects and the provision of more efficient, environmentally sustainable technologies and solutions within their products and services. FPS, a Canadian entity specializing in clean coal technologies, aligns with this objective and further bolsters the acquirer's capabilities in this sector.
Major companies operating in the clean coal technology market include PetroChina Company Limited, Siemens AG, General Electric Company, China Energy Engineering Corporation, China Shenhua Energy Company Limited, Thyssenkrupp AG, RWE AG, Huaneng Power International Inc., Mitsubishi Heavy Industries Ltd., Toshiba Corporation, NTPC Limited, Sasol Limited, Shanghai Electric Group Company Limited, Doosan Heavy Industries & Construction, Kawasaki Heavy Industries Ltd., Shanxi Coking Coal Group Co.Ltd., Jindal Steel and Power Ltd., Dongfang Electric Corporation, PT Adaro Energy Tbk, Inner Mongolia Yitai Coal Co. Ltd., Sumitomo Heavy Industries Ltd., KBR Inc., Peabody Energy Corp., Babcock & Wilcox Enterprises Inc., JSW Energy Limited, Ramaco Resources Inc., White Energy Company Limited, Fuel Tech Inc., Clean Coal Technologies Inc.
Asia-Pacific was the largest region in the clean coal technology market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the clean coal technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the clean coal technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The clean coal technology market includes revenues earned by entities by gasification technology, combustion technology and enabling technology. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Clean Coal Technology Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clean coal technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clean coal technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The clean coal technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.