Research and Markets (http://www.researchandmarkets.com/research/hrzr2q/global) has announced the addition of the "Global Gasification Market 2015-2019" report to their offering.
The Global Gasification market to grow at a CAGR of 13.1% over the period 2014-2019.
Gasification is a thermochemical process that converts hydrocarbons such as coal, petroleum, petcoke, natural gas, and biomass into simple molecules, primarily resulting in a mixture called syngas (carbon monoxide and hydrogen) by means of partial oxidation with air, oxygen, or steam. The key advantage of gasification is its ability to perform in various designs having a reduced environmental footprint as compared to combustion technologies.
There are several gasifier designs and operating conditions. The most vital component of the gasification process is the gasifier, a vessel in which the feedstock reacts with air or oxygen at high temperatures. The carbon monoxide and hydrogen ratio depends on the hydrogen and carbon content of the feedstock and the type of gasifier.
The adoption of underground coal gasification is one of the major trends upcoming in this market. The increased adoption of the UCG technology stems from the increased focus on R&D coupled with advances in technology. Gasification helps increase the overall operational efficiency of the Power Generation industry.
According to the report, the energy demand worldwide has increased significantly and there has been a shift from traditional power generation techniques such as fossil fuel-based energy generation to renewable energy-based techniques. Industries across geographies are increasingly using fossil fuels as the primary source of energy, and therefore they have started to adopt the gasification technology to harness the clean energy obtained from coal.
Further, the report states that the high upfront cost of the gasification technology is hampering the market growth significantly. The cost of gasifiers can go into billions, which makes it highly burdensome for investors. Moreover, the cost to construct and operate a gasification plant can be significantly high.
Key Vendors
- Air Liquide
- GE
- Mitsubishi Heavy Industries
- Royal Dutch Shell
- Siemens Energy
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Feedstock
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/hrzr2q/global
