NAICS 21211 - Coal Mining
This industry comprises establishments primarily engaged in one or more of the following: (1) mining bituminous coal, anthracite, and lignite by underground mining, auger mining, strip mining, culm bank mining, and other surface mining; (2) developing coal mine sites; and (3) beneficiating (i.e., preparing) coal (e.g., cleaning, washing, screening, and sizing coal).
Industry trends:
The coal mining industry (NAICS 21211) is currently experiencing several notable qualitative trends. One primary trend is the increasing regulatory pressure aimed at reducing carbon emissions, which is pushing many companies to either adopt cleaner coal technologies or diversify their energy portfolios to include renewable sources. Governments and environmental agencies worldwide are implementing stricter regulations, which is expected to continue into the near future.
Another significant trend is the rise of alternative energy sources, such as solar and wind, which are becoming more cost-competitive. This shift is leading to a gradual decline in demand for coal, especially in developed countries where energy policies prioritize sustainability and low-carbon footprints.
Additionally, advancements in automation and digital technologies within the mining sector are transforming operational efficiencies. Companies are investing in automation, data analytics, and remote monitoring systems to improve productivity and reduce operational costs.
In the foreseeable future, we can expect to see a continued decline in coal’s share of the global energy mix, supplemented by an increase in investments in cleaner technologies and sustainable practices. Furthermore, coal mining firms may leverage advanced technologies to maintain profitability amidst declining demand and regulatory pressures.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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