Global gasifier balance of plant (BoP) components market is expected to witness significant growth over the forecast period on account of increasing requirement for gasification in energy conversion and chemical production processes. BoP is an important part used in gasifiers. These components help gasifiers in carbonaceous matter core processing. BoP components are extensively used to size, deliver, move, and measure feedstock in gasifiers as well as to provide heat and raw nitrogen & oxygen to shape molecules produced in gasifier hence preventing gases from exploding during these processes. Additionally, these components are also used for cooling & cleaning product gases and for extracting & reusing energy. Thus, these aforementioned potential applications in gasifiers are anticipated to be key factors driving the global market growth over the forecast horizon. Expansion & gasification system applications are expected to provide immense opportunities for various BoP components. Gasification is an old technology but is rapidly evolving owing to its increasing utility in various end-use industries such as oil refining and bulk power generation. Increasing utility in fossil fuels, chemicals, forestry, agricultural, petrochemicals, waste handling industries and biofuels due to the rising energy demand is predicted to strengthen industry growth over the next seven years. Increasing gasifier installations coupled with low cost energy requirement are crucial for global market development. Controlling expenditure on components helps in gasifier cost reduction. Hence, advantageous BoP components property to optimize gasifiers cost is projected to have a favorable impact on the global demand. Upgradation of existing gasifiers and increasing importance for their maintenance are expected to substantially drive demand over the forecast horizon. Gasifier BoP components are largely preferred over solar and wind energy sources on due to its moderately low initial investment cost. Hence, its potential to substitute other energy sources is further anticipated to drive its global market. Shale gas production has a direct impact on gasifiers installation, thus influencing global industry dynamics at large.
On the basis of design, the industry can broadly be segmented into downdraught, updraught, cross-draught, molten bed, entrained bed and fluidized bed. Based on construction stage, BoP components can be classified into gasification, pre reactor and post reactor. Major gasifier BoP components applications includes coal to energy, coal to liquid, direct iron reduction, biomass to liquid, biomass to energy and waste to energy.
Middle East & Africa is expected to dominate the global industry over the forecast horizon owing to increasing gasifier installations. Asia Pacific has been witnessing high gasifier installation rates particularly in China and India, this trend can be attributable to discovery of shale gas and oil reserves. The region however lags in terms of rural electrification, which has led to governments aligning their energy policies towards rural areas. Increasing gasifiers utility in these areas is expected to drive regional demand over the forecast period. Indian government’s objective to add approximately 94,000 MW of electricity capacity over the 12th five year plan is expected to strengthen the regional market growth trend. North American market is led by increasing shale gas extraction in the U.S. and oil exploration in Gulf of Mexico. High coal reserves particularly in U.S., with coal being a predominant feedstock in gasifiers, are predicted to have a potential impact on North America gasifier BoP components market.
The global industry is fragmented in nature and is moving towards consolidation. Companies such as CFC Ltd. & CPC Corp. along with agencies such as GTRI are extensively investing in improving BoP component designs to optimize efficiency and operating conditions for solid oxide fuel systems. Key companies in the market include Dakota Gasification, E- gas, Sasol Lurgi, Shell Corporation, Westinghouse Plasma Corporation, Ecocycle, Pratt & Whitney and KBR.
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