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According to the coal mining report released by Technavio, the global coal mining market is growing, with a compound annual growth rate of nearly 2% from 2018
to 2022.
Technavio said the industry has been largely driven by increased coal demand and power generation, and has seen an overwhelming response
due to increased mining technology and developments in coal mine development.
The global coal mining market will continue to grow during the forecast period due to the huge energy demand, but illegal possession, fraud, and government policies will continue to be challenges
for the industry.
Although the industry is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa, Asia Pacific is the regional market
with the greatest demand due to high population rates and heavy reliance on coal energy.
Arch Coal, Consol Energy, Cloud Peak Energy, Coal India, BHP Billiton, Rio Tinto, Shenhua Energy, China Coal Energy and Peabody Energy are the world's major coal mining companies
.
According to the coal mining report released by Technavio, the global coal mining market is growing, with a compound annual growth rate of nearly 2% from 2018
to 2022.
Technavio said the industry has been largely driven by increased coal demand and power generation, and has seen an overwhelming response
due to increased mining technology and developments in coal mine development.
The global coal mining market will continue to grow during the forecast period due to the huge energy demand, but illegal possession, fraud, and government policies will continue to be challenges
for the industry.
Although the industry is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa, Asia Pacific is the regional market
with the greatest demand due to high population rates and heavy reliance on coal energy.
Arch Coal, Consol Energy, Cloud Peak Energy, Coal India, BHP Billiton, Rio Tinto, Shenhua Energy, China Coal Energy and Peabody Energy are the world's major coal mining companies
.
