Global Coal Handling Equipments Market Overview:
Coal handling systems make an integral part of a whole material flow & quality management system. Today, focus has shifted from optimizing single parts of the system to advanced automation solutions. Coal handling is the primary process of power generation in each coal fired power plant. The coal goes through various preparation and storage phases, like from its unloading at the plant site to its subsequent firing in the boiler furnace. These systems are an important part of the overall coal quality management system & material flow of the power plant. Owing to the various procedures and equipment’s involved in the coal handling phase, the total number of possible players in the market is substantial. Coal handling equipment supplies are straight reliant on the growth of coal driven electricity generation in a region. Countries like India and China which have coal powered electricity inhabiting a main position of their complete energy mix, display very high growth prospects over the near future. According to AMA, the Global Coal Handling Equipments market is expected to see growth rate of 8.5%
- Increasing Demand for Power Generation
- Growing Urbanization and Development in Growing Countries
- Automation in the Coal Handling Equipments
- Increasing Consumption of Coal Handling Equipments in Coal Mining Process
- Lessening of Renewable Sources and Energy
- Strict Government Regulations on Emission
- Extremely Efficient Material Tracking and Increasing Coal Mining Activity will Boost the Coal Handling Equipments Market
- New Number of Entrants Increasing the Competition in the Market
This industry is extremely cost-intensive as well as requires heavy initial investment. Many key players in the market are taking strong measures as well as investing heavily in R&D initiatives to develop superior & efficient equipment. For Instance, in March 2018, Volvo Construction Equipment (Sweden) decided to use 3D printing to rapidly and efficiently offer spare parts to the consumers. This technological advancement is expected to help the company support its consumers throughout the life cycle of its
Some of the key players profiled in the report are Atlas Copco (Sweden), Caterpillar Inc. (United States), Elecon Engineering Company Limited (India), Fab 3R (Canada), GMV Engineering Pvt. Ltd. (India), Hitachi Construction Machinery Co., Ltd. (Japan), Deere & Company (United States), Terex Corporation (United States), Volvo Construction Equipment (Sweden) and Sany Heavy Industry Co., Ltd.(China). Additionally, following companies can also be profiled that are part of our coverage like Aesha Conveyors And Crushing Equipment (India) and KBR, Inc. (United States). Analyst at AMA Research see Indian, Japanese, and Swedish Manufacturers to retain maximum share of Global Coal Handling Equipments market by 2025. Considering Market by Equipments, the sub-segment i.e. Pull Chord Switch will boost the Coal Handling Equipments market. Considering Market by By Propulsion, the sub-segment i.e. Diesel will boost the Coal Handling Equipments market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coal Handling Equipments market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coal Handling Equipments market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Coal Handling Equipments Manufacturers, Raw Material Suppliers, Distributors, Traders, Associations and Industry Bodies, Government & Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.