Gasification is the optimum process for conversion of fossil fuels in gaseous form without wasting fossil fuels in combustion. Also, the resultant gas, referred to as syngas, has higher calorific value when compared to that of the fossil fuel used. This is one of the major drivers for expansion of global gasification market.
The syngas obtained is used in gas engines, fuel cells, and production of hydrogen and methanol. Further, these gases have wide application in industries as well as residential sector. These factors cumulatively are likely to bolster the gasification market in the forecoming years
Another factor which is making gasification favorable in industrial sector is the feedstock used. The raw materials used in the gasification process are biodegradable in nature. The process is also used for generation of electricity in industries. However, predominant use of biofuels for electricity generation in industries is likely to interfere with adoption of gasification. This, in turn, will hinder the growth of gasification market.
Raw materials used in the gasification process are coal, biomass, and petroleum. Out of all the raw materials used, coal and petroleum are widely used in the gasification process specifically for industrial applications. Waste materials such as municipal solid waste, wood chips and pellets, industrial and agricultural waste, corn stover, sewage sludge, and refuse-derived fuel are also used in the gasification process.
On the basis of type, gasification process is segmented into fluidized bed, fixed bed, plasma gasification and entertained flow. Further, fixed bed gasification process is classified into co-current and counter current. In co-current gasification process, the agent gas moves in parallel direction to the fuel whereas in current gasification process, the agent gas flows in the opposite direction as that of fuel. Co-current gasification process result in efficient gas generation. Hence, the process is used widely. At the same time, plasma gasification is likely to be the fastest growing segment in the forecast period. Other process are still under development.
Gasification Market: Overview
Gasification is a thermochemical process that converts hydrocarbons such as coal, biomass, natural gas, petroleum, and petcoke into simple molecules known as syngas through partial oxidation with oxygen and air. Gasification is an ideal alternative for clean energy. Hence, it is increasingly being adopted in several industries such as chemicals, oil & gas, and power. There were around 1,099 gasification projects with nearly 2,866 gasifiers in 2016. This number is anticipated to increase further during the forecast period.
Gasification Market: Trends & Demands
Rise in demand for clean and efficient energy generation technology among residential and industrial applications is driving the global gasification market. Availability of abundant deposits of coal is also fueling the global gasification market. Furthermore, rise in adoption of underground coal gasification (UCG) process is projected to create lucrative opportunities for the global gasification market. However, increase in power generation through biofuels and high cost associated with gasification are estimated to hamper the global gasification market.
Gasification Market: Key Segments
The global gasification market can be segmented based on gasifier type, technology, application, and region. In terms of gasifier type, the global gasification market can be divided into fixed bed gasifiers, fluidized bed gasifiers, entrained flow gasifiers, and others. The entrained flow gasifiers segment dominates the global gasification market. Entrained flow gasifiers have the ability to handle almost any coal feedstock and produce clean, tar-free syngas. These types of gasifiers are also environmentally more benign, and glassy slag is inert and easily disposed. The fixed bed gasifiers segment is projected to expand significantly during the forecast period.
Based on feedstock, the global gasification market can be segregated into biomass/waste, coal, natural gas, and petroleum. Petroleum and coal are regularly used gasification processes for industrial applications. Waste material used for gasification includes refuse-derived fuel, wood chips and pellets, municipal solid waste, industrial and agricultural waste, dry grass, corn stover, and sewage sludge.
Based on application, the gasification market can be classified into chemicals, liquid fuels, power, and gas fuels. The power segment dominates the global gasification market. It is expected to expand at a faster pace than other segments during the forecast period. Growth of the power segment can be primarily ascribed to the increase in demand for energy in industrial as well as household applications. The power segment is followed by liquid fuels and gas fuels segments.
Gasification Market: Regional Outlook
In terms of region, the global gasification market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is anticipated to lead the global gasification market primarily due to the rise in application of gasification in end-use industries. The global gasification market in the region is anticipated to expand at a rapid pace during forecast period. China, Japan, India, and Indonesia are the key countries of the gasification market in Asia Pacific. China produces more than 90% of its ammonia through coal gasification process, led by the large availability of inexpensive coal in the country. The global gasification market in Europe is estimated to expand at a substantial pace during the forecast period. Many countries in Europe are dependent on other regions for natural gas. Demand for natural gas is projected to increase in Europe in the near future. This, in turn, is likely to boost the implementation of gasification projects in the region. Rise in demand for biomass gasification is also augmenting the global gasification market in Europe.
Gasification Market: Key Players
Major companies operating in the global gasification market include Royal Dutch Shell, General Electric, Air Liquide, SEDIN Engineering Company Limited, Sierra Energy, Dakota Gasification Company, PRM Energy Systems Inc., Mitsubishi Heavy Industries, Siemens AG, Thyssenkrupp AG, and Synthesis Energy Systems Inc.
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