Global Gasification Market - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12345877

Publishing Date : 08-May-2018

No. of pages : 130

PRICE
4250
8750

  • Irrespective of the increasing policies and regulations limiting emissions of pollutants and the concerns over price and availability of natural gas or oil or coal, the demand for low-cost power production in an environment friendly way is certain. Gasification is not only capable of producing power in an efficient and environment-friendly manner, but also supports the production of wide range of chemicals, fertilizers, liquid fuels, among others. The continuous evolvement of gasification technology has attracted interest, particularly in countries with vast coal reserves, for the conversion of coal to gas and coal to liquid conversion. In 2016, there were approximately 1,099 gasification projects with around 2,866 gasifiers, which are expected to increase further during 2018-2023 (the forecast period). Factors, such as availability of abundant deposits of coal, demand for clean energy, lack of feasible alternatives to gasification, increasing government participation, coupled with growing inclination environmentally friendly power generation, are expected to supplement the gasification market during the forecast period.

    High Capital & Production Cost Restrains the Market

    Even though Asian countries have huge electricity and climate-related issues, despite the use of conventional coal power plants, coal gasification capacities have not picked up as expected, due to the high capital and production costs involved in the process. Integrated gasification combined cycle (IGCC) coal plants are the primary users of the coal gasification technology to generate power. Although IGCC is promoted as ‘clean coal’, it is many times more carbon-polluting than renewable alternatives, such as wind and solar. The technology is expected to be 35% more expensive than conventional coal technology. Adding carbon capture and storage (CCS) technology makes it even more costly. Evidence from the United States suggests that the electricity produced from IGCC plants, with CCS, is likely to cost twice as much as electricity from wind or commercial-scale solar plants. This is straining the growth of the gamification market in the power industry. However, with the technological evolution and government support, the condition is expected to increase during the forecast period.

    Europe to Witness Modest Growth

    In spite of the high growth of renewables in the European region, natural gas is expected to maintain a significant share in its energy generation mix. Many countries in the European region remain dependent on the other regions for natural gas imports. With the expected increase in the demand for natural gas, implementation of gasification projects is expected to increase in Europe. The region is home to numerous idled coal-fired electric generation, which could be integrated into services through the integration of gasification technology, during the forecast period.

    China to Register Highest Demand

    The Chinese government’s initiatives in its 11th and 12th five-year plans have boosted the gasification industry in the country. China produces more than 90% of its ammonia through coal gasification process, owing to the availability of huge amounts of inexpensive coal in the country. Although the coal-to-chemical gasification has taken a significant leap during the recent years, gasification used for power production has not shown much promise and its low growth rate is expected to improve during the forecast period. China is expected to increase the uptake of large-scale coal-to-SNG projects and possibly scale up various coal-to-oil technologies projects, which in turn, would supplement the gasification market during the forecast period.

    Key Developments in the Market

    • March 2018: Mitsubishi Hitachi Power Systems, Ltd. (MHPS) began full scale construction of Coal Gasification Furnace in Fukushima.
    • November 2017: Air Products signed an Investment Cooperation Agreement with Yankuang Group for USD 3.5 Billion Coal-to-Syngas production facility in China.

    The major players include - Royal Dutch Shell PLC, General Electric Company, Siemens AG, Air Liquide SA (Lurgi), Chicago Bridge & Iron Company N.V., amongst others.

    Reasons to Purchase this Report

    • Current and future gasification market outlook in the developed and emerging countries
    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    • The segment that is expected to dominate the market
    • Countries that are expected to witness the fastest growth during the forecast period
    • Identify the latest developments and strategies employed by the major market players
    • 3 months analyst support, along with the Market Estimate sheet (in excel)

    Customization of the Report

    • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
    market Reports market Reports