Coal Handling System Sales Set to Grow at 4.2% in 2021 as Automation Penetration Deepens: Fact.MR Study
(2) NEW YORK, Jan. 18, 2021 /PRNewswire/ -- Global coal handling system sales are set to grow at 4.2% y-o-y in 2021, and surpass US$ 6.5 billion in valuation. Demand from thermal power generation will continue to sustain momentum, however, long-term prospects of coal handling equipment industry will contract as a shift toward renewable energy sources is underway. Leading research and consulting firm, Fact.MR, in its latest study, opines market revenues to grow at over 4% during the period 2020-2030. "While US and Europe are making a gradual exit from coal energy, cost-efficiency will continue...
Source: finanznachrichten.de