Informative data about Coal Gasification Industry has been published by Absolute Markets Insights. To make some significant decisions in the businesses primary and secondary exploratory techniques have been used to analyze the data effectively. Different economic attributes of businesses, such as Macro and Micro economic factors have been brought into light to give a clear idea about financial budget of several industries.
Some of the significant players functioning in the Coal Gasification Industry are CHOREN Industrietechnik GmbH, Sasol Limited, Siemens AG, Synthesis Energy Systems, Inc. and Wildhorse Energy, Inc.
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Coal Gasification Industry is driven by energy and chemical market along with geopolitical forces, since its introduction for commercial application. The role of coal gasification has been constantly changing on the basis of societal needs. In recent years with increase in development of hydrogen economy coal gasification is been the method of choice for producing hydrogen for fuel cell application. This technology can also be used in biomass and solid waste gasification by making minor modification in the process. Therefore, technological development is responsible for driving this Coal Gasification Industry to a great extent. Even though coal gasification technique is termed as clean source of energy, it is more carbon polluting compared to renewable sources such as solar and wind energy.
Also, the power generated from coal can be more expensive compared to the other electrical plants. These reasons can restrain the Coal Gasification Industry to grow in the forecast period. An emerging opportunity for the market is in the use of low-priced coal to generate syngas which can be directly used as fuel in various industrial setting such as ceramics, glass and aluminum. In 2015, Coal India Limited formed a JV with three other companies to set up a new coal gasification plant in Talcher, Odisha, India. In Sep 2018, PM Modi laid the foundation stone for this US $1765 million project. The plant will be mainly used in fertilizer and power plant facilities. Major investments like these will further enhance the growth of coal gasification market.
In entrained flow gasification, a gasifying agent is mixed with fuel process while entering the gasifier. They work at high temperature and pressure and extremely turbulent flow which causes to feed to convert rapidly allowing high throughput. Entrained bed gasifiers are capable of handling any type of coal feedstock and produce clean tar- free syngas. Owing to such favorable processing criteria for coal, entrained bed processes is generally favored by companies and driving the growth of this segment in the market.
Key Market Segments of Coal Gasification Industry are:
- Moving Bed
- Fluidized Bed
- Entrained Bed
- Molten Bed
- Fuel Gas
- Power Generation
- Chemical Making (Methanol Synthesis, Hydrogen, Hydrocarbons)
- North America
- Rest of North America
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America