High Capital & Production Cost Restrains the Market
Even though Asian countries have huge electricity and climate-related issues, despite the use of conventional coal power plants, coal gasification capacities have not picked up as expected, due to the high capital and production costs involved in the process. Integrated gasification combined cycle (IGCC) coal plants are the primary users of the coal gasification technology to generate power. Although IGCC is promoted as ‘clean coal’, it is many times more carbon-polluting than renewable alternatives, such as wind and solar. The technology is expected to be 35% more expensive than conventional coal technology. Adding carbon capture and storage (CCS) technology makes it even more costly. Evidence from the United States suggests that the electricity produced from IGCC plants, with CCS, is likely to cost twice as much as electricity from wind or commercial-scale solar plants. This is straining the growth of the gamification market in the power industry. However, with the technological evolution and government support, the condition is expected to increase during the forecast period.
Europe to Witness Modest Growth
In spite of the high growth of renewables in the European region, natural gas is expected to maintain a significant share in its energy generation mix. Many countries in the European region remain dependent on the other regions for natural gas imports. With the expected increase in the demand for natural gas, implementation of gasification projects is expected to increase in Europe. The region is home to numerous idled coal-fired electric generation, which could be integrated into services through the integration of gasification technology, during the forecast period.
China to Register Highest Demand
The Chinese government’s initiatives in its 11th and 12th five-year plans have boosted the gasification industry in the country. China produces more than 90% of its ammonia through coal gasification process, owing to the availability of huge amounts of inexpensive coal in the country. Although the coal-to-chemical gasification has taken a significant leap during the recent years, gasification used for power production has not shown much promise and its low growth rate is expected to improve during the forecast period. China is expected to increase the uptake of large-scale coal-to-SNG projects and possibly scale up various coal-to-oil technologies projects, which in turn, would supplement the gasification market during the forecast period.
Key Developments in the Market
- March 2018: Mitsubishi Hitachi Power Systems, Ltd. (MHPS) began full scale construction of Coal Gasification Furnace in Fukushima.
- November 2017: Air Products signed an Investment Cooperation Agreement with Yankuang Group for USD 3.5 Billion Coal-to-Syngas production facility in China.
Reasons to Purchase this Report
- Current and future gasification market outlook in the developed and emerging countries
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Countries that are expected to witness the fastest growth during the forecast period
- Identify the latest developments and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel)
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2. Research Methodology
3. Market Overview
3.2 Market Size and Demand Forecast Until 2023
3.3 Recent Trends and Developments
3.4 Government Rules and Regulations
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Feedstock Type
7.1.2 Petroleum Coke
7.1.3 Natural Gas
7.2 By Application
7.2.1 Chemicals & Fertilizers
7.2.2 Liquid Fuels
7.2.3 Gaseous Fuels
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.1.6 Rest of Asia-Pacific
8.2 North America
8.2.1 United States
8.2.3 Rest of North America
8.3 South America
8.3.4 Rest of South Africa
8.4.1 United Kingdom
8.4.5 Rest of Europe
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.3 South Africa
8.5.4 Rest of Middle East & Africa
9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)
9.1 General Electric Company
9.2 Royal Dutch Shell PLC
9.3 Siemens AG
9.4 Air Liquide SA (Lurgi)
9.5 Chicago Bridge & Iron Company N.V.
9.6 ThyssenKrupp AG
9.7 Mitsubishi Heavy Industries Ltd
9.8 China Aerospace Science and Technology Corporation (HT-L)
9.9 Synthesis Energy Systems Inc.
9.10 KBR Inc.
10. Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players
- Royal Dutch Shell PLC
- General Electric Company
- Siemens AG
- Air Liquide SA (Lurgi)
- Chicago Bridge & Iron Company N.V.
- ThyssenKrupp AG
- Mitsubishi Heavy Industries Ltd
- China Aerospace Science and Technology Corporation (HT-L)
- Synthesis Energy Systems Inc.
- KBR Inc.