Major companies in the coal market include Coal India Limited; BHP Billiton Ltd; Rio Tinto Group; ShenHua Group and China Coal Energy Co Ltd. The global coal market is expected to grow from $705.
New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Coal Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018813/?utm_source=GNW
8 billion in 2020 to $786.64 billion in 2021 at a compound annual growth rate (CAGR) of 11.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $962.88 billion in 2025 at a CAGR of 5%.
The coal market consists of sales of coal by entities (organizations, sole traders and partnerships) that mine bituminous coal, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. The coal mining industry also develops coal mine sites, and improves coal, including cleaning, washing, screening, and sizing of coal. The coal market is segmented into bituminous coal and sub-bituminous coal.
Asia Pacific was the largest region in the global coal market, accounting for 85% of the market in 2020. North America was the second largest region accounting for 4% of the global coal market. Middle East was the smallest region in the global coal market.
Coal mining companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. 3D mine visualizers significantly enhance the productivity of large mining environments. Companies such as Sandvik and Komatsu are offering 3D visualizer systems to the coal mining industry.
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