Lewes, DE -- (SBWire) -- 08/10/2015 --Due to the increased demand of Coal is one of the main power generation sources all over the world, The global coal industry market is expected to grow at a compound annual growth rate (CAGR) of 11.21% and reach US$22 billion by 2022 from $9.4 billion in 2014.
The factors that are favoring the market growth include rising electricity demand and rapid industrialization. However, transportation cost can hamper the growth of the market.
Global Coal Industry market is mainly segmented by Application and by Geography. Based on Application, market is segmented into Industrial, Residential, and Commercial, Power Generation and Transportation. Coal Industry market, by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia pacific is the largest market for Coal with major coal exporting countries like China and India. Asia Pacific has the larger demand and emerging as a larger supplier of Coal.
The key players in the Coal Industry market include, Coal India, Arch Coal, RWE Power, Shenhua Group, BHP Billiton, Peabody Energy, Datong Coal, Shanxi Coal, Anglo American, China Coal.
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