Lignite is the lowest quality coal with low carbon content of 25-35%, moisture content of 20-40%, and heating value of 4000 to 8300 BTU per pound. Lignite is typically used in pulverized coal or cyclone-fired electric production power plants.
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The global lignite mining market was valued at $109 billion in 2017. This was due to increased electricity generation that resulted in higher consumption of coal. Electricity generation accounted for around 60% of the total coal consumption during the historic period.
Asia Pacific was the largest geographic region in the market, accounting for over 70% of the global market share.
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China was the largest country in the market, accounting for more than half of the global lignite mining market share. This is mainly due to the country’s large available coal reserves, consumer population, and increasing energy demand that led to a rise in consumption of coal. China was followed by India and Japan as the next largest countries in the market.
The major competitors in the market are SRK Consulting, ZEMAG Maschinenbau GmbH, Joy Global Surface Mining, Neyveli Lignite Corporation Limited, Environmental Clean Technologies Limited and RWE.
SRK Consulting is an independent, international consulting practice providing advice and solutions to the earth and water resource industries.
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