Overview and Scope
Lignite mining is used to mine bituminous coal, anthracite, and lignite coal through various underground mining techniques. This also develops lignite mine sites and improves lignite, including cleaning, washing, screening, and sizing of lignite. Lignite is typically used in pulverized coal or cyclone-fired electric production power plants.
Sizing and Forecast
The lignite market size has grown rapidly in recent years. It will grow from $133.67 billion in 2023 to $148.58 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to power generation, energy demand growth, electricity generation infrastructure, availability and accessibility of lignite deposits, government policies and energy securit.
The lignite market size is expected to see rapidly grown in the next few years. It will grow to $182.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to renewable energy integration, policy measures for emission reduction, carbon capture and storage (ccs) implementation, economic development and industrial demand, global energy market trends. Major trends in the forecast period include technological innovations in lignite utilization, technology advances in lignite combustion, decommissioning of aging lignite power plants, research and development in clean lignite technologies, shift towards sustainable mining practices.
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Segmentation & Regional Insights
The lignite market covered in this report is segmented –
1) By Type: Electricity generation, Fertilizer Based Production and Synthetic Natural Gas Generation
2) By Source: Non-Renewable, Renewable
3) By Application: Commercial, Industrial, Residential
Top 5 Major Players:
- Coal India Limited,
- ShenHua Group,
- China Coal Energy Co. Ltd.,
- Anglo American PLC,
- BHP Billiton Ltd
Asia-Pacific was the largest region in the lignite mining market in 2023.The regions covered in the lignite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in demand for electricity or power generation is expected to propel the growth of the lignite mining market going forward. Lignite mining is used to in the steam-electric power generation. For instance, according to the IEA (International energy agency) report in 2021, there is an expected rise of 5% in electricity demand. In another instance, according to Canada’s Upstream Oil & Natural Gas Industry, with the global population expected to increase by about two billion over the next two decades, and it is estimated that by 2040 electricity generation is expected to increase by 49%. Therefore, the rise in demand for electricity or power generation is driving the growth of the lignite mining market.
Key Industry Players
Major companies operating in the lignite market report are Coal India Limited, ShenHua Group, China Coal Energy Co. Ltd., Anglo American plc, BHP Billiton Ltd., Rheinisch-Westfälisches Elektrizitätswerk AG, Vattenfall, Polska Grupa Energetyczna, Lausitz Energie Bergbau AG, Elektrownia Turów, Mitteldeutsche Braunkohlengesellschaft mbH, CEZ Group, Energetický a Prumyslový Holding, NLC India Limited, Neyveli Lignite Corporation Limited, Gujarat Mineral Development Corporation Limited, Adani Enterprises Limited, China Shenhua Energy Company, Peabody Energy, Arch Resources Inc., Alliance Resource Partners L.P., Westmoreland Coal Company, Massey Energy, Ever-Green Energy, Alpha Metallurgical Resources, Luminant, North American Coal Corporation, Murray Energy Corporation, Drummond Company Inc., Yanzhou Coal Mining Company Limited, Shougang Fushan Resources Group Limited
The lignite market report table of contents includes:
1. Executive Summary
2. Lignite Market Characteristics
3. Lignite Product/Service Analysis -Product/Service Examples
4. Lignite Market Trends And Strategies
5. Lignite Market – Macro Economic Scenario
…
68. Global Lignite Market Competitive Benchmarking
69. Global Lignite Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Lignite Market
71. Lignite Market Future Outlook and Potential Analysis
72. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Lignite Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Lignite Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Lignite Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Coal India Limited Financial Performance
Table 145: ShenHua Group Financial Performance
Table 146: China Coal Energy Co. Ltd. Financial Performance
Table 147: Anglo American plc Financial Performance
Table 148: BHP Billiton Ltd. Financial Performance
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