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Gasification Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 210 Pages
SKU # FOB19224265

Description

Gasification Market



Growth Factors of Gasification Market

The global gasification market size was valued at USD 522.87 billion in 2023 and is projected to grow from USD 551.92 billion in 2024 to USD 771.91 billion by 2032, exhibiting a CAGR of 4.28% during the forecast period of 2024-2032.

The COVID-19 pandemic slowed the gasification marketplace due to delivery chain disruptions and task delays; however, the expanded hobby in cleaner energy solutions boosted its long-term increase capacity, impeding the gasification market growth.

The key elements for the gasification marketplace consist of the growing call for cleaner power answers, increasing industrialization in rising economies, and the want for green waste-to-energy technology. Additionally, authorities project selling sustainable strength, decreasing carbon emissions, and enhancing the adoption of gasification technology.

Gasification gives significant advantages when included with strength-era systems. By combining gasification with mixed cycle electricity flowers, essential efficiency, and emissions reduction can be achieved, expanding the gasification market share globally. Additionally, gasification may be applied for allotted strength technology, offering electricity to nearby communities and decreasing reliance on centralized power grids. This integration promotes a greater decentralized and sustainable energy infrastructure.

Comprehensive Analysis of Gasification Market

The gasification marketplace is segmented through feedstock and application. Regarding feedstock, coal holds the dominant marketplace percentage because of its price-effectiveness and environmental benefits, specifically through underground coal gasification, which reduces mining and disposal charges. Biomass and waste are also gaining traction as sustainable options, driven by environmental concerns and government policies. In phrases of utility, the chemical section leads, as syngas from gasification are widely used inside the chemical industry for producing ammonia, methanol, and different fuels. The strength software phase is also predicted to develop substantially, driven by rising global electricity calls.

The Asia Pacific region led the gasification market by benefitting a size of USD 216.27 billion in 2023 due to the growing demand for strength, considerable coal reserves, and increasing interest in clean strength technology.

The leading players in the gasification market significantly influence its growth trajectory and set industry standards. These key players, including Air Liquide (France), Shell (Netherlands), Mitsubishi Heavy Industries (Japan), ANDRITZ (Austria), Thyssenkrupp AG (Germany), Synthesis Energy Systems, Inc. (U.S.), Larsen & Toubro Limited (India), Dakota Gasification Company (U.S.), EQTEC plc (Ireland), GE (U.S.), Air Products (U.S.), and Sedin Engineering Company Limited (China), contribute to a competitive landscape, driving innovation and market advancement.

In December 2023, Air Liquide revealed plans to assemble, own, and operate a global carbon seize facility in Rotterdam's industrial quarter, Netherlands, utilizing its proprietary Cryocap™ technology. The new unit will be included in the enterprise's hydrogen manufacturing plant at the Port of Rotterdam and connected to Porthos, one of Europe's most significant carbon seize and storage networks, to seriously lessen CO₂ emissions in the vicinity's business zone.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.28% over 2024 to 2032

Unit Value (USD Billion) & Volume (MW)

Segmentation By Feedstock
  • Coal
  • Petroleum
  • Natural Gas
  • Biomass/Waste
By Application
  • Chemical
  • Liquid Fuel
  • Gaseous Fuel
  • Power
By Region
  • North America (By Feedstock, By Application, and By Country)
  • U.S. (By Feedstock)
  • Canada (By Feedstock)
  • Europe (By Feedstock, By Application, and By Country)
  • Germany (By Feedstock)
  • Russia (By Feedstock)
  • Italy (By Feedstock)
  • Finland (By Feedstock)
  • Spain (By Feedstock)
  • U.K. (By Feedstock)
  • Rest of Europe (By Feedstock)
  • Asia Pacific (By Feedstock, By Application, and By Country)
  • China (By Feedstock)
  • India (By Feedstock)
  • Japan (By Feedstock)
  • Southeast Asia (By Feedstock)
  • Rest of Asia Pacific (By Feedstock)
  • Latin America (By Feedstock, By Application, and By Country)
  • Brazil (By Feedstock)
  • Mexico (By Feedstock)
  • Argentina (By Feedstock)
  • Rest of Latin America (By Feedstock)
  • Middle East & Africa (By Feedstock, By Application, and By Country)
  • GCC (By Feedstock)
  • South Africa (By Feedstock)
  • Rest of Middle East & Africa (By Feedstock)


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Table of Contents

210 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Insight on Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Gasification Market
5. Global Gasification Market (USD Billion) (MW) Analysis, Insights, and Forecast, 2019-2032
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast – By Feedstock
5.2.1. Coal
5.2.2. Petroleum
5.2.3. Natural Gas
5.2.4. Biomass/Waste
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Chemical
5.3.2. Liquid Fuel
5.3.3. Gaseous Fuel
5.3.4. Power
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Gasification Market (USD Billion) (MW) Analysis, Insights, and Forecast, 2019-2032
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast – By Feedstock
6.2.1. Coal
6.2.2. Petroleum
6.2.3. Natural Gas
6.2.4. Biomass/Waste
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Chemical
6.3.2. Liquid Fuel
6.3.3. Gaseous Fuel
6.3.4. Power
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S. Market Analysis, Insights and Forecast – By Feedstock
6.4.1.1. Coal
6.4.1.2. Petroleum
6.4.1.3. Natural Gas
6.4.1.4. Biomass/Waste
6.4.2. Canada Market Analysis, Insights and Forecast – By Feedstock
6.4.2.1. Coal
6.4.2.2. Petroleum
6.4.2.3. Natural Gas
6.4.2.4. Biomass/Waste
7. Europe Gasification Market (USD Billion) (MW) Analysis, Insights, and Forecast, 2019-2032
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast – By Feedstock
7.2.1. Coal
7.2.2. Petroleum
7.2.3. Natural Gas
7.2.4. Biomass/Waste
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Chemical
7.3.2. Liquid Fuel
7.3.3. Gaseous Fuel
7.3.4. Power
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. Germany Market Analysis, Insights and Forecast – By Feedstock
7.4.1.1. Coal
7.4.1.2. Petroleum
7.4.1.3. Natural Gas
7.4.1.4. Biomass/Waste
7.4.2. Russia Market Analysis, Insights and Forecast – By Feedstock
7.4.2.1. Coal
7.4.2.2. Petroleum
7.4.2.3. Natural Gas
7.4.2.4. Biomass/Waste
7.4.3. Italy Market Analysis, Insights and Forecast – By Feedstock
7.4.3.1. Coal
7.4.3.2. Petroleum
7.4.3.3. Natural Gas
7.4.3.4. Biomass/Waste
7.4.4. Finland Market Analysis, Insights and Forecast – By Feedstock
7.4.4.1. Coal
7.4.4.2. Petroleum
7.4.4.3. Natural Gas
7.4.4.4. Biomass/Waste
7.4.5. Spain Market Analysis, Insights and Forecast – By Feedstock
7.4.5.1. Coal
7.4.5.2. Petroleum
7.4.5.3. Natural Gas
7.4.5.4. Biomass/Waste
7.4.6. UK Market Analysis, Insights and Forecast – By Feedstock
7.4.6.1. Coal
7.4.6.2. Petroleum
7.4.6.3. Natural Gas
7.4.6.4. Biomass/Waste
7.4.7. Rest of Europe Market Analysis, Insights and Forecast – By Feedstock
7.4.7.1. Coal
7.4.7.2. Petroleum
7.4.7.3. Natural Gas
7.4.7.4. Biomass/Waste
8. Asia Pacific Gasification Market (USD Billion) (MW) Analysis, Insights, and Forecast, 2019-2032
8.1. Key Findings
8.2. Market Analysis, Insights and Forecast – By Feedstock
8.2.1. Coal
8.2.2. Petroleum
8.2.3. Natural Gas
8.2.4. Biomass/Waste
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Chemical
8.3.2. Liquid Fuel
8.3.3. Gaseous Fuel
8.3.4. Power
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China Market Analysis, Insights and Forecast – By Feedstock
8.4.1.1. Coal
8.4.1.2. Petroleum
8.4.1.3. Natural Gas
8.4.1.4. Biomass/Waste
8.4.2. India Market Analysis, Insights and Forecast – By Feedstock
8.4.2.1. Coal
8.4.2.2. Petroleum
8.4.2.3. Natural Gas
8.4.2.4. Biomass/Waste
8.4.3. Japan Market Analysis, Insights and Forecast – By Feedstock
8.4.3.1. Coal
8.4.3.2. Petroleum
8.4.3.3. Natural Gas
8.4.3.4. Biomass/Waste
8.4.4. Southeast Asia Market Analysis, Insights and Forecast – By Feedstock
8.4.4.1. Coal
8.4.4.2. Petroleum
8.4.4.3. Natural Gas
8.4.4.4. Biomass/Waste
8.4.5. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Feedstock
8.4.5.1. Coal
8.4.5.2. Petroleum
8.4.5.3. Natural Gas
8.4.5.4. Biomass/Waste
9. Latin America Gasification Market (USD Billion) (MW) Analysis, Insights, and Forecast, 2019-2032
9.1. Key Findings
9.2. Market Analysis, Insights and Forecast – By Feedstock
9.2.1. Coal
9.2.2. Petroleum
9.2.3. Natural Gas
9.2.4. Biomass/Waste
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Chemical
9.3.2. Liquid Fuel
9.3.3. Gaseous Fuel
9.3.4. Power
9.4. Market Insights and Forecast – By Country
9.4.1. Brazil Market Analysis, Insights and Forecast – By Feedstock
9.4.1.1. Coal
9.4.1.2. Petroleum
9.4.1.3. Natural Gas
9.4.1.4. Biomass/Waste
9.4.2. Mexico Market Analysis, Insights and Forecast – By Feedstock
9.4.2.1. Coal
9.4.2.2. Petroleum
9.4.2.3. Natural Gas
9.4.2.4. Biomass/Waste
9.4.3. Argentina Market Analysis, Insights and Forecast – By Feedstock
9.4.3.1. Coal
9.4.3.2. Petroleum
9.4.3.3. Natural Gas
9.4.3.4. Biomass/Waste
9.4.4. Rest of Latin America Market Analysis, Insights and Forecast – By Feedstock
9.4.4.1. Coal
9.4.4.2. Petroleum
9.4.4.3. Natural Gas
9.4.4.4. Biomass/Waste
10. Middle East & Africa Gasification Market (USD Billion) (MW) Analysis, Insights, and Forecast, 2019-2032
10.1. Key Findings
10.2. Market Analysis, Insights and Forecast – By Feedstock
10.2.1. Coal
10.2.2. Petroleum
10.2.3. Natural Gas
10.2.4. Biomass/Waste
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Chemical
10.3.2. Liquid Fuel
10.3.3. Gaseous Fuel
10.3.4. Power
10.4. Market Analysis, Insights and Forecast – By Country
10.4.1. GCC Market Analysis, Insights and Forecast – By Feedstock
10.4.1.1. Coal
10.4.1.2. Petroleum
10.4.1.3. Natural Gas
10.4.1.4. Biomass/Waste
10.4.2. South Africa Market Analysis, Insights and Forecast – By Feedstock
10.4.2.1. Coal
10.4.2.2. Petroleum
10.4.2.3. Natural Gas
10.4.2.4. Biomass/Waste
10.4.3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Feedstock
10.4.3.1. Coal
10.4.3.2. Petroleum
10.4.3.3. Natural Gas
10.4.3.4. Biomass/Waste
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Air Liquide
11.2.1.1. Business Overview
11.2.1.2. Product Applications, & Services
11.2.1.3. Recent Developments
11.2.1.4. Financials
11.2.2. Shell
11.2.2.1. Business Overview
11.2.2.2. Product Applications, & Services
11.2.2.3. Recent Developments
11.2.2.4. Financials
11.2.3. Mitsubishi Heavy Industries
11.2.3.1. Business Overview
11.2.3.2. Product Applications, & Services
11.2.3.3. Recent Developments
11.2.3.4. Financials
11.2.4. ANDRITZ
11.2.4.1. Business Overview
11.2.4.2. Product Applications, & Services
11.2.4.3. Recent Developments
11.2.4.4. Financials
11.2.5. Thyssenkrupp ag
11.2.5.1. Business Overview
11.2.5.2. Product Applications, & Services
11.2.5.3. Recent Developments
11.2.5.4. Financials
11.2.6. Synthesis Energy Systems, Inc.
11.2.6.1. Business Overview
11.2.6.2. Product Applications, & Services
11.2.6.3. Recent Developments
11.2.6.4. Financials
11.2.7. Larsen & Toubro Limited
11.2.7.1. Business Overview
11.2.7.2. Product Applications, & Services
11.2.7.3. Recent Developments
11.2.7.4. Financials
11.2.8. Dakota Gasification Company
11.2.8.1. Business Overview
11.2.8.2. Product Applications, & Services
11.2.8.3. Recent Developments
11.2.8.4. Financials
11.2.9. EQTEC plc
11.2.9.1. Business Overview
11.2.9.2. Product Applications, & Services
11.2.9.3. Recent Developments
11.2.9.4. Financials
11.2.10. GE
11.2.10.1. Business Overview
11.2.10.2. Product Applications, & Services
11.2.10.3. Recent Developments
11.2.10.4. Financials
11.2.11. Air Products
11.2.11.1. Business Overview
11.2.11.2. Product Applications, & Services
11.2.11.3. Recent Developments
11.2.11.4. Financials
11.2.12. Sedin Engineering Company Limited
11.2.12.1. Business Overview
11.2.12.2. Product Applications, & Services
11.2.12.3. Recent Developments
11.2.12.4. Financials
12.

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