Coal Gasification Market Scope
Coal gasification is a thermo-chemical process in which the gasifier's heat and pressure break down coal into its chemical constituents. The resulting syngas is comprised mainly of carbon monoxide & hydrogen, and occasionally other gaseous compounds. The syngas can be used for the production of electricity, used in energy-efficient fuel cell technology, or as chemical building blocks for industrial purposes. It is said to have greater efficiency than conventional coal-burning because it can effectively use the gases twice.
According to AMA, the Global Coal Gasification market is expected to see growth rate of 11.2%
Research Analyst at AMA estimates that United States, Australian Manufacturers will contribute to the maximum growth of Global Coal Gasification market throughout the predicted period.
General Electric Company (United States), KBR Inc. (United States), Royal Dutch Shell PLC (Netherlands), Oil and Natural Gas Corporation Ltd. (India), Mitsubishi Heavy Industries Ltd (Japan), ThyssenKrupp AG (Germany), Sedin Engineering (China), Petrochemical Corporation of Singapore (Private) Limited (Singapore), McDermott International, Inc. (United States) and Ergo Exergy Technologies Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are DNV GL (Norway), WildHorse Energy Ltd. (Australia), Eskom Holdings SOC Limited (South Africa), Siemens AG (Germany), Linc Energy Ltd. (Australia), Synthesis Energy Systems Inc. (United States), Cougar Energy Limited (Australia), CHOREN Industrietechnik GmbH (Germany) and Sasol Limited (South Africa).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Coal Gasification market , by Application (Fuel Gas, Feedstock, Power Generation, Fertilizer and Chemical Making) and Region with country level break-up.
On the basis of geography, the market of Coal 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).
Market Leaders and their expansionary development strategies
On 5 Nov 2018, Air Products has announced an agreement to acquire General Electric Company’s gasification business. The transaction is expected to expand its synthesis gas (syngas) solutions product offerings as well as its presence in build, own and operate gasification projects around the world. and On 10 May 2018, McDermott International, Inc. has announced its combination with Chicago Bridge & Iron Company N.V., creating a premier, and fully integrated provider of technology, engineering and construction solutions for the energy industry.
On 1 Nov 2018, Air Products has announced its Lu'an coal gasification project, located in Changzhi City, China. and On 21 June 2017, Mitsubishi Hitachi Power Systems, Ltd. has completed the building of a coal gasification furnace plant at its Nagasaki site. The facility will supply core facilities for integrated coal gasification combined cycle plants. With the completion of the new plant, the company now has the ability to create a fully integrated production system for IGCC, a next-generation technology in high-efficiency coal-fired power generation.
Market Trend
- The Use of Coal in Gasification for Efficient Electricity Generation
Market Drivers
- The rise in Demand for Clean and Efficient Energy Generation Technology
- The Flexibility in Feedstock
- Increasing Use of Underground Coal Gasification
- Availability of Abundant Deposits of Coal
- Rapid Urbanization
Opportunities
- Increasing Investment by Developing Countries
- Rise in Adoption of Underground Coal Gasification (UCG) Process
Restraints
- The High Cost of Installation of Plants
Key Target Audience
Gasification Provider Companies, Regulatory Bodies, Government Bodies, Technology Investors, End Users and Downstream Vendors