Coal Lignite And Anthracite Mining Market Forecast To Grow By 2021

by vamshi krishna
Coal Lignite And Anthracite Mining Market Forecast To Grow By 2021

The Business Research Company’s Global Coal, Lignite and Anthracite Mining Market, covers the year-on-year growth of the global coal, lignite, and anthracite mining market historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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The global coal, lignite, and anthracite mining market is forecast to grow at a CAGR of more than 4% to 2021.

Coal, Lignite And Anthracite Mining Market Trends

Coal mines are prone to hazards and mining companies are increasingly focusing on technologies to prevent accidents and improve the safety of miners. Government regulations, and health and safety standards developed by international mining groups also promote efficient safety practices. Some of the reasons for the occurrence of accidents in mining include ineffective drilling, blasting, loading and hauling, leaking out of poisonous methane gas, coal dust, and machinery collisions.

Sensor-based methane detectors use RFID technology to monitor and control the level of methane which can cause explosions. GE’s coalplus technology helps in reducing coal dust in mining operations by up to 90%. Companies such as Fletcher, JOY, Hilti and Orica are providing automated temporary roof support (ATRS) and mobile roof support (MRS) solutions to prevent rockfalls caused by bolting of rocks, which involves inserting a steel rod into the rock formation to support the roof or sides of the rock cavity. Caterpillar’s cat detect personnel technology indicates possible collisions, speeding or rollovers.

The global coal, lignite, and anthracite mining market is primarily driven by increased electricity generation that resulted in higher consumption of coal.

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The global coal, lignite and anthracite mining market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence increased electricity generation that resulted in higher consumption of coal. Electricity generation accounted for around 60% of the total coal consumption during the historic period the global coal, lignite and anthracite mining market is expected to grow and the report contains drivers and restraints in the market.

The global coal, lignite and anthracite mining market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global coal, lignite and anthracite mining report are Coal India Limited, ShenHua Group, BHP Billiton Ltd, China Coal Energy Co Ltd, and Anglo American plc.

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January 9, 2019
by vamshi krishna