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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Coal Gasification Market
Request Now !Coal gasification is a process of transforming coal into a gas mixture (primarily consisting of natural gas, hydrogen, carbon dioxide, and water vapor). This gas mixture can be further utilized as an eco-friendly fuel. This is a primitive process and was used to produce coal gas. However, presently coal gasification is widely used for the generation of electricity and for the production of chemical feedstocks. This is because various chemical compounds such as ammonia can be produced by coal gasification and the gas mixture derived from this process can be converted into liquid fuel, which can be further utilized in the transport and automobile sector.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Feedstock, Technology, Gasifier, Industry Vertical and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | General Electric Company, Royal Dutch Shell Plc, Mitsubishi Heavy Industries, Ltd., Sedin Engineering, McDermott International, Inc., KBR, Inc., Oil and Natural Gas Corporation Ltd., ThyssenKrupp AG, and Petrochemical Corporation of Singapore (Private) Limited. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global coal gasification market.
Due to the rapid industrialization and the urbanization in the past few decades, the demand for energy has increased exponentially across the globe. But on the contrary, there has been a rise in concern about environmental pollution from burning fuel majorly from vehicles and the coal powered manufacturing sector. As a result, there is an increase in demand for a clean source of energy and this has played a major role in boosting the growth of the coal gasification market. This process offers a convenient way for producing clean fuel for vehicles as well as for power plants. The stringent regulations for minimizing the emission of greenhouse gases from different industries has also acted as a key driving factor for the growing popularity of the coal gasification market. However, the harmful effects on the eco-system mainly due to the drilling activities done for underground coal gasification limit the market growth.
In terms of market share, the market in the North America region accounts for the major share of the global coal gasification market due to the increase in number of drilling activities in the region especially in the U.S.. The market in the Asia-Pacific region is also expected to experience growth at a significant pace because of the rapid development in the power generation sector and the rise in demand for coal gasification in the region.
Key segments covered:
Segments | Sub-segments |
Feedstock |
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Technology |
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Gasifier |
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Industry Vertical |
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Key benefits of the report:
Key Market Segments
Segments | Sub-segments |
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By Feedstock |
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By Technology |
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By Gasifier |
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By Industry Vertical |
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By Region |
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Key Market Players
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