Clean Coal Technology Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The clean coal technology market is poised to register a CAGR of more than 4.5% during the forecast period, 2022-2027. The COVID-19 pandemic had moderately affected the clean coal technology market as the shortage of coal during the first quarter of 2020 led to the disruption of electricity generation throughout thermal-based power plants. Growing global demand for compatible and eco-friendly power generation technology and increasing urbanization in developing countries are significant drivers for the clean coal technology market. On the other hand, many countries are shifting to renewable energy, which is likely to act as a restraint during the forecast period.
Key HighlightsThe clean coal technology market is moderately fragmented due to many companies operating in the industry. The key players in this market include Alstom SA, Siemens Energy AG, General Electric Company, KBR Inc., and Shell PLC.
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