London, 15 January 2015 – TechNavio has announced the publication of a new market research report on the Global Gasification Market, which is expected to grow at a CAGR of 13.1 percent from 2014-2019.
About the Report
The latest report by TechNavio emphasizes harnessing clean energy from coal, as it is a key source of power and accounts for more than 40 percent of electricity production worldwide. Harnessing clean energy from coal using coal gasification techniques has gained increased market importance in recent years.
“Coal gasification transforms a variety of low-value feedstock like coal, biomass, petcoke and petroleum into valuable end-products like synthetic natural gas or syngas,” says Faisal Ghaus, Vice President of TechNavio.
“Syngas, produced through gasification, has the capability to displace natural gas and petroleum and simultaneously help ease the pressure on the chemical and fertilizer industries.”
Furthermore, the report highlights the increased adoption of underground coal gasification (UCG). Recent developments in well-drilling technologies have enabled the deployment of UCG in depths ranging from 4,000 to 6,000 feet, which increases the process efficiency significantly at such depths.
“Underground gasification is advantageous in terms of feedstock and pressure range, as compared to above-ground processes. Additionally, the life span of UCG wells is also nearing 15 years, making the process a viable alternative,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Harnessing Clean Energy from Coal
- For a full detailed list, view our report.
Market Challenges:
- High Upfront Cost
- For a full detailed list, view our report.
Market Trends:
- Increased Adoption of UCG
- For a full detailed list, view our report.
Key Vendors:
- Air Liquide SA
- GE Energy
- Royal Dutch Shell plc
- Siemens AG
Other Prominent Vendors:
- CB&I
- Sedin Engineering
- Synthesis Energy Systems
- ThyssenKrupp
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
