The Global Coal Gasification Market Expected to Grow Over 24% during the Forecast Period, 2019-2023 – ResearchAndMarkets.com



DUBLIN–()–The “Global Coal Gasification Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The growing demand for energy across the world is expected to positively impact the growth of the global coal gasification market size at a CAGR of over 24% during 2019-2023.
The growth of the global economy has significantly increased energy demand. The demand is driven by countries such as the US and other emerging economies such as China and India. The proliferation of electronically connected devices, digitization across countries, and the electrification of transportation and the heating sector are some of the factors that are being responsible in increasing the demand for energy. The growth in the disposable income of the urban population has led to an increase in the demand for energy services such as air conditioning. Also, the increased adoption of electric motor systems among end-user industries has increased the demand for energy in the industrial sector.

Market Overview

Economic benefits of coal gasification

Coal gasification uses low-cost feed stocks to produce high-value, clean energy products. Coal gasification has a lesser environmental impact and reduces the costs associated with disposal as it harnesses the full potential of feed stocks. Moreover, underground coal gasification eliminates the need for mining as it converts coal into useful gases in-situ.

Competition from alternative sources

The increased focus toward clean energy has led to a significant rise in the demand for renewable sources of energy. Additionally, the strong demand for oil from the petrochemicals sector is expected to hinder the growth of the global coal gasification market size.

Competitive Landscape

The market appears to be fragmented with many players occupying the market share. Companies such as Air Products and Chemicals Inc. and KBR Inc. have intensified the competition. Factors such as the rise in global energy demand and the economic benefits of coal gasification will provide significant growth opportunities for coal gasification companies. Air Products and Chemicals Inc., KBR Inc., Mitsubishi Heavy Industries Ltd., Sasol Ltd., and Siemens AG are some of the major companies covered in this report.

Executive Summary:

The following companies are recognised as the key players in the global coal gasification market: Air Products and Chemicals Inc., KBR Inc., Mitsubishi Heavy Industries Ltd., Sasol Ltd., and Siemens AG.

Commenting on the report, an analyst from the research team said: The latest trend gaining momentum in the market is the rising collaborations in the coal gasification market.

According to the report, one of the major drivers for this market is the rising global energy demand.

Further, the report states that one of the major factors hindering the growth of this market is the competition from alternative sources.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Chemicals – Market size and forecast 2018-2023
  • Fuels – Market size and forecast 2018-2023
  • Power – Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2018-2023
  • EMEA – Market size and forecast 2018-2023
  • Americas – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rise in global coal production
  • Rise in adoption of clean energy technologies
  • Rising collaborations in the coal gasification market

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Air Products and Chemicals, Inc.
  • KBR Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Sasol Ltd.
  • Siemens AG

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/r/nfg4ua

Read on The Source


Be the first to comment

Leave a Reply