The global installed capacity of coal-fired power generation is expected to increase from 1,673.1 GW in 2012 to 2.057.6 GW by 2019, according to a report from Transparency Market Research.
Pulverized coal systems, which accounted for more than 50 percent of the market share in 2012, are expected to continue to dominate the technology-based demand until 2019, according to the report. Cycle furnaces will account for a lower share, while other technologies, such as fluidized bed and coal gasification, will account for a small part of the market share.
Commercial applications of coal-fired power generation, which accounted for 56 percent of the market share in 2012, are expected to grow, while residential applications are expected to decline as other sources of energy such as solar power and hydropower become more popular, Transparency Market Research states.
The Asia Pacific market, which currently has more than 56 percent of the global market share in installed capacity, is expected to show the most growth, according to the report.