About Gasification
Gasification is a technological process that may convert any carbonaceous i.e. carbon-based raw material like coal into fuel gas, additionally known as synthesis gas. Gasification happens in a gasifier, usually a high temperature and pressure vessel where steam and oxygen are directly contacted with the coal or different feed material causing a series of chemical reactions to occur that convert the feed to ash/slag and syngas. Gasification offers an alternative to more established ways of converting feedstocks like biomass, coal, and some waste streams into electricity and other helpful products. The advantages of gasification in specific conditions and applications, notably in the clean generation of electricity from coal, may make it an increasingly important part of the world's energy and industrial markets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States, Chinese Manufacturers will contribute the maximum growth to Global Gasification market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric Company (United States), Royal Dutch Shell PLC (Netherlands), Siemens AG (Germany), Air Liquide SA (Lurgi) (France), Chicago Bridge & Iron Company N.V. (United States), ThyssenKrupp AG (Germany), Mitsubishi Heavy Industries Ltd (Japan), China Aerospace Science and Technology Corporation (HT-L) (China), Synthesis Energy Systems Inc. (United States) and KBR Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Gasification Engineering Corporation (United States), Advanced Biomass Gasification Technologies, Inc. (United States), Taiyuan coal gasification (Group) Corporation (China), Gasification Technologies Council (United States) and Sichuan Coal Gasification Co Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Gasification market by Type (Fluidized bed, Entrained, Moving/fixed bed and Others), Application (Chemicals & Fertilizers, Liquid Fuels, Gaseous Fuels, Power and Others) and Region.
On the basis of geography, the market of Gasification has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Feedstock, the sub-segment i.e. Coal will boost the Gasification market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Biomass and Municipal Solid Waste (MSW) continue to be great feedstocks for conversion to fuels and chemicals
Market Growth Drivers:
Rise in Demand for Clean and Efficient Energy Generation Technology among Residential and Industrial Applications, Availability of Abundant Deposits of Coal, The Rising Demand From End-User Industries and Rapid Urbanization
Challenges:
asifier unstable operation due to constant variation in feedstock mixtures especially in the case of MSW.
Restraints:
Increase in Power Generation through Biofuels and High Cost Associated With Gasification
Opportunities:
Rise in Adoption of Underground Coal Gasification (UCG) Process
Market Leaders and their expansionary development strategies
In August 2023, Woodside Energy Partnered with Mitsui & Co. to explore the development of a large-scale green hydrogen project in Australia, potentially utilizing biomass gasification.
In September 2021, Shell announced plans to build a world-scale bioenergy and CCS (carbon capture and storage) facility in the Netherlands, utilizing gasification technology.
Key Target Audience
Gasification Provider Companies, Regulatory Bodies, Government Bodies, Technology Investors, End Users and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.