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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Coal mining Market Share
The underground mining method is expected to account for a significant coal mining market share. The deployment of underground mining is driven by the geology of the mined deposit. The method requires the building of tunnels and shafts that are at an incline or vertical to access coal seams that are difficult to extract using surface mining. Underground mining also allows the minimisation of various disturbances caused by surface mining including habitat destruction and deforestation, among others thus boosting the growth of the coal mining market.
Coal Mining Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached a value of approximately USD 648.04 billion in 2023.
The market is estimated to grow at a CAGR of 2.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 795.76 billion by 2032.
The major market drivers include increased investments by the key market players towards the development of equipment to reduce environmental impact and rising demand for coal from the residential and industrial sectors.
The key trends fuelling the growth of the market include expansion of the construction sector and rising adoption of novel technologies for coal mining.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the application, the market is divided into thermal power generation, steel manufacturing, and cement manufacturing, among others.
The market key players are Glencore plc, BHP Group Limited, China Shenhua Energy Company Limited, Coal India Limited, Yankuang Energy Group Company Limited, Anglo American Plc, NTPC Limited, Yancoal Australia Ltd., Consol Energy Inc., and Peabody Energy, Inc., among others.
The market is categorised according to the method, which includes surface mining and underground mining.
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Australia
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124