Global coal mining industry growth trends 2018-2022
Author: Source: Date:2022-04-09 15:13:40
The global coal mining market is growing with a CAGR of close to 2% from 2018-2022, according to a coal mining report which is published by Technavio.
Technavio states that the Coal mining industry is largely driven by coal requirements and a rise in electricity generation, and has seen an overwhelming response due to an increase in mining techniques and developing coalmine sites. However Coal mining industry also face a big challenges such as illegal possession, fraud and government policies are obstacles.
While the mining industry is divided into North America, South America, Europe, Asia-Pacific, Middle East and Africa, Asia-Pacific's industry is the most lucrative market, due to high population rates and heavy dependence on coal energy; And the European market is home to several mining industries with extraction and refinery processes at large, while the North American industry thrives owing to a rise in sources of energy.
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