The coal handling system market is expected to remain on a steady growth path throughout the period of assessment, according to a new Fact.MR study. The demand for coal handling system continues to remain influenced by increasing coal mining operations worldwide. In addition, surging use of coal in thermal power plants and coal-fired plants remain instrumental in driving worldwide sales of coal handling system.
Analysis of Fact.MR reveals that the demand for coal handling system is likely to translate into a significantsales volume surpassing 4,500 units by end of the year of assessment, projected to expand at avolume CAGR of 3.6 % during the 2018-2028 timeline
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The sales of coal handling system in coal mines is expected surpass those in other applications such as seaports, although lucrativeness thermal power plant persists. According to the report, volume of coal handling system sold in thermal power plants is expected to surpass 2800 units by end of 2028, translating into significant volume share of over 60% of the overall coal handling system market.
The development of long distance coal handling system such as pipe conveyors is expected to augur well for the growth of the coal handling system market. Long distance coal handling system is a fully enclosed material handling system. Such coal handling system can provide environmental protection, use less energy, have high capacity and ensure efficient and safe transportation of the material.
Coal Handling System Market Segmentation by Category
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Growing sales of coal handling system such as conveyors and feeders are expected to largely contribute to the growth of the coal handling system market. The report estimates that the demand for conveyors is projected to expand at a relatively higher rate as compared to other coal handling system throughout the period of assessment.
Overall the coal handling system market outlook is likely to remain positive in the forthcoming years with the Asia Pacific excluding Japan region to remain at the forefront of sales and innovation.
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