How To Start A Business With Only Lignite Market


The global lignite market is expected to grow at a CAGR of 1.28% during the forecast period. Based on the application, the global lignite market has been segmented into power generation, syngas generation, and others. 
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Traditional coal-based power plants are being replaced by more efficient technologies like co-generation and combined heat and power (CHP) technologies, which are being adopted by coal-based power plants. Hence, owing to the high dependency on coal-based power plants and the introduction of performance-enhancing technologies to complement this, the demand for coal continues to grow, thus boosting the growth of the lignite market. 

However, the rising concerns over GHG emissions are impeding the growth of coal-fired power generation globally. To address the issue of GHG emissions, clean coal technologies are being employed. As lignite is comparatively cheaper than sub-bituminous, bituminous, and anthracite, lignite has a high potential for use in coal-fired power generation. Hence, the rise in global demand for power and low cost of lignite are likely to drive the power generation segment of the global lignite market during the forecast period. 

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