Global Gasification Market by Application Type (Power Fuels, Gas Fuels, Chemicals, and Liquid Fuels); By Product (Plasma Gasification, Fixed Bed, Entrained Flow, And Fluidized Bed); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Gasification is the finest way to convert fossil fuels into gases without spilling fossil fuels into combustion. The resulting gas also has higher calorific value than the fossil fuel used, as it is known as syngas. This is one of the driving forces to expand the global market for gasification. Furthermore, the syngas produced are used for hydrogen and methanol gas engines, fuel cells, and processing.
Fatpos Global anticipates the Gasification market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. Surging demand is anticipated to drive the market for cleaner and more efficient energy production technologies for both industries and domestic requirements. Some power production technologies require energy wastage during combustion. Gasification is therefore a safer way of producing electricity using oil optimally.
Global Gasification Market: Segments
Global Gasification market has been segmented on the basis of product type, application type and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Product Type (in %), Global Gasification Market, 2019
Fixed bed dominated the market with over XX% of the market share in 2019
Global Gasification Market is segmented by product into: plasma gasification, fixed bed, entrained flow, and fluidized bed.
In addition, the fixed bed gasification is categorized as contra-current and co-current. Gas agent moves in the opposite direction to the fuel in counter-current fixed bed processing system, whereas in co-current it stays parallel. Compared with the counter current method, co-current gasification results in a more productive production and is used in broad applications. Conversely, other systems are also evolving niche applications. The fastest growing form of process during the predicted period is expected to be plasma gasification, which is cleanest among other gasification processes.
Global Gasification Market: Market Dynamics
• Wide Application:
This is used in the generation of hydrogen and methanol in gas engines, fuel cells and production. In addition, these gases are widely used in both industrial and residential uses. In the previous years, these factors will collectively strengthen the gasification market.
The prevalent use of biofuels to produce electricity in enterprises is likely to conflict with the gasification process. In exchange, this will impede the development of the market in gasification.
Global Gasification Market: Regions
The North America is anticipated to dominate the market with XX% market share in 2019 growing at a CAGR of XX% over the forecasted period.
It is predicted that the area will also see the highest rise in the forecast period. As a result of increasing demand for energy within rural areas, particularly for biomass gasification, emerging countries such as India, China and Indonesia are anticipated to attract market players. Growing demand for biomass gasification characterizes the markets of Europe and North America.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
These actors adopt policies to further improve their footprints in the market, such as providing multi-annual services contracts for current and emerging power plant shareholders. Competition among the leading suppliers is based on their gas turbines ‘productivity and effectiveness, as well as their customers’ associated services. In order to boost its market dominance due to the rapid technological change and fierce competition, the technical capability and R&D are one of the most important focal areas of industry.
Global Gasification Market: Key Players
• Royal Dutch Shell
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• SEDIN Engineering Company Limited
• Sierra Energy
• Harbin Electric International Company Limited
• PRM Energy Systems Inc.
• Synthesis Energy Systems Inc.
• Mitsubishi Hitachi Power Systems Ltd.
• Air Liquide
• General Electric
• Thyssenkrupp AG
• Dakota Gasification Company
• Other prominent players
Global Gasification market report also contains analysis on:
• Gasification Market Segments:
o By Product:
o By Application Type:
Oil & gas
Other industrial applications
• Gasification Market Dynamics
• Gasification Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints