Growing demand for clean and more efficient energy generation technology in industries as well as household applications is expected to fuel the global gasification market growth over the next seven years. Other technologies for energy generation involve wastage of energy during combustion process. However gasification is a better way of energy generation with optimum utilization of energy. The resultant gas in the process is known as syngas or producer gas which comprises higher calorific value as compared to fossil fuels. This gas provides more energy than direct combustion of fossil fuels which is another major driver for the gasification market growth. This gas is used in fuel cells, gas engines, used to produce methanol and hydrogen and also converts into synthetic gas. These products find applications in several industrial processes which are anticipated to drive the market demand over the next seven years. Another important driver which is dominant over traditional combustion technology is that biodegradable materials are raw materials for the process. The process is commonly used in industries for electricity generation. Increasing power generation through biofuels is anticipated to hinder the global gasification market growth over the next seven years.
Feedstock for gasification includes petroleum, coal, natural gas and biomass/waste. Petroleum and coal are most commonly used gasification processes for industrial applications. Industrial usage of natural gas is at low scale. Waste material used for gasification includes wood chips and pellets, municipal solid waste, refuse-derived fuel, industrial and agricultural waste, dry grass, corn stover and sewage sludge.
Gasification is segmented on the basis of types into fixed bed, fluidized bed, entrained flow and plasma gasification. Fixed bed gasification is further classified as counter current and co-current. In counter current fixed bed process gasification agent gas flows in opposite direction to the fuel whereas in co-current it is parallel. Co-current gasification results in more efficient output as compared to counter current process and is being used in large applications. However other processes find niche applications as they are currently under development. Plasma gasification is expected to be the fastest growing process type over the forecast period as the cleanest process among other gasification processes.
Gasification application market is segmented into chemicals, power, liquid fuels and gas fuels. Power application market dominated the global market in 2014 and is expected to be the fastest growing market over the next seven years. Growth is driven by increasing demand for energy in industrial as well as household applications. Liquid and gas fuel application markets followed power and are anticipated to witness sluggish growth over the foreseeable future.
Asia Pacific was the largest gasification market in 2014 on account of increasing applications in end-use industries. The region is also projected to show fastest growth over the forecast period. Emerging economies in the region such as India, China and Indonesia are expected to attract market participants due to growing power demand in rural areas particularly for biomass gasification. Europe and North American markets are characterized by increasing demand for biomass gasification.
Major market players in the global gasification market include Royal Dutch Shell, Air Liquide, General Electric, Mitsubishi Heavy Industries, SEDIN Engineering Company Limited, Siemens, CB&I, KBR, Thyssenkrupp AG and Synthesis Energy Systems Inc.
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