India Coal Market (2023-2029) | Growth, Outlook, Trends, Analysis, COVID-19 IMPACT, Forecast, Companies, Size, Value, Revenue, Share & Industry

Topics Covered in India Coal Market Report

India Coal Market report thoroughly covers the market by types and by end users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Coal Market Synopsis

India Coal Market has been accomplishing faster growth and is anticipated to rise enormously during the forecast period. India is the world’s third-largest consumer of coal and one of its top producers. Coal offers a reliable source of energy for India as it accounts for over 70% of the country’s electricity generation. The Indian coal market has been growing at a tremendous rate since 2016 to meet rising demand from key sectors such as power, cement, sponge iron, steel, and aluminium. 

According to 6Wresearch, the India Coal Market size is anticipated to grow at a CAGR of 7.59% during the forecast period 2023-2029. Rising demand from key sectors such as power plants and industries driving production and usage in India`s coal market is expected to contribute significantly to growth over the forecast period. To increase production capacity and reduce import dependency on foreign countries like Australia or even Indonesia, several government initiatives have been undertaken that include inviting private sector investments into infrastructure projects which would help strengthen domestic mining capabilities. The introduction of advanced technologies like automation, smart mining systems etc., is expected to further propel growth within the industry due to increased efficiency in terms of cost optimization & safety measures taken for workers during operations as well as minimize environmental pollution generated by burning fossil fuels. Renewable energy sources gain more traction amongst consumers due to their lower costs & higher efficiency rates compared to traditional means used to generate electricity previously nowadays thanks to advances made by science recently gradually replacing reliance upon combustible fuel sources slowly yet surely whether local/international markets concerned alike becoming increasingly attractive option those looking cut down emissions produced thereby reducing the negative impact caused environment sooner.

Burning coal emits high levels of carbon dioxide (CO2), nitrogen oxide (NOx), sulfur dioxide (SO2), and particulate matter (PM10 & PM2.5). These pollutants cause significant health risks when released into the atmosphere unchecked by mines or industries using them; this combined with low-efficiency ratings makes it difficult to achieve long-term sustainability goals set forth by governments globally while continuing to use traditional methods employed widely across India’s numerous mines & factories consuming them daily basis still remain major challenges worth addressing soonest possible time frame available before situation gets out hand completely if left unattended immediately any longer than necessary already has become too late unfortunately many occasions sadly enough already. This can lead to a major decline in India Coal Market Growth.

COVID-19 Impact on India Coal Market

The COVID-19 pandemic affected the coal market in India which is a crucial part of Asia Pacific Coal Market in many ways. One of the major impacts on the industry was the disruption in coal production as well as transportation. The lockdown imposed in the country led to the closure of a number of mines, resulting in a sharp decline in the production of coal. This huge disruption had an effect on the supply chain since transportation of coal from mines to power plants as well as other end-users was adversely constrained and this factor led to a temporary imbalance in supply and demand, which caused uncertainties in the industry.

In addition, the pandemic had a key impact on the demand for coal in the country. With industries temporarily shutting down and commercial activities coming to a halt, the requirement for coal in sectors such as manufacturing, construction, and transportation plummeted and this resulted in decreased demand from key industrial sectors, further exacerbating the obstacles faced by coal producers. 

India Coal Industry: Leading Companies

The coal industry in India is dynamic with many key players contributing to its success. Some of the notable players in this market include:

• Coal India Limited
• Adani Group
• Reliance Power Limited
• JSW Group 
• Essar Group

These players have the most significant role to play in the success of the market since it is owing to their efforts and strategies that the market is rising faster and attaining continuous growth.

Coal Market in India: Government Initiatives

The government of India is actively engaged in implementing initiatives which aim at revitalizing and reforming the coal market in the nation. One of the major steps taken by the country’s government has been the introduction of commercial coal mining via the auction process. This move marked a key departure from the previous policy of allocating coal blocks to public sector entities. By opening up the coal market to private players, the government has aimed to promote competition, expand efficiency, and attract investments. Additionally, the government has been focused on improving the ease of doing business in the coal market. A number of administrative reforms have been introduced in order to streamline processes and decrease bureaucratic challenges for businesses operating in the coal sector. This includes measures to expedite approvals and clearances. 

Market by Types

According to Ravi Bhandari, Research Head, 6Wresearch, the sub-bituminous coal segment was attaining relatively higher growth in the India coal industry as compared to the other types. This is owing to the fact that sub-bituminous coal is considered lower-rank coal with higher energy content in comparison to lignite but lower than bituminous coal. It is used in power generation as well as industrial applications. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Coal Market Outlook
• Market Size of India Coal Market, 2022
• Forecast of India Coal Market, 2029
• Historical Data and Forecast of India Coal Revenues & Volume for the Period 2019-2029
• India Coal Market Trend Evolution
• India Coal Market Drivers and Challenges
• India Coal Price Trends
• India Coal Porter's Five Forces
• India Coal Industry Life Cycle
• Historical Data and Forecast of India Coal Market Revenues & Volume By Types for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Bituminous Coal for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Sub-Bituminous Coal for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Anthracite for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Lignite for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By End-Users for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Electricity for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Steel for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Cement for the Period 2019-2029
• Historical Data and Forecast of India Coal Market Revenues & Volume By Others for the Period 2019-2029
• India Coal Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By End-Users
• India Coal Top Companies Market Share
• India Coal Competitive Benchmarking By Technical and Operational Parameters
• India Coal Company Profiles
• India Coal Key Strategic Recommendations

Markets Covered

The market report thoroughly covers the following segments:

 

By Types

• Bituminous Coal
• Sub-Bituminous Coal
• Anthracite
• Lignite

By End-Users

• Electricity
• Steel
• Cement
• Others