Press release
How Gasification Market 2021 is Booming Worldwide with Top Leading Players – Air Liquide, Mitsubishi Heavy Industries, ANDRITZ, Thyssenkrupp ag, Synthesis Energy Systems, Inc., Larsen & Toubro Limited
Read More about industry report: https://www.fortunebusinessinsights.com/gasification-market-103487
Important Features that are under Offering and Key Highlights of the Market Report:
• Detailed overview of Gasification Market Share
Changing market dynamics of the industry
• In-depth market segmentation by Type,
Application, etc.
• Historical, current and projected market size in
terms of volume and value
• Recent industry trends and developments
Competitive landscape of Market
• Strategies of key players and product offerings
Potential and niche segments/regions exhibiting
promising market growth
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Market Driver:
Coal Industry to Offer Impetus to Market
The growing demand for coal has led to the expansion of the coal industry. The rising utilization of coal in the power generation sector is expected to spur lucrative opportunities for the Gasification Market. According to the BP Statistical Review, 2019, coal production output rose at a rate of 4.3% y-o-y in 2018, the fastest in the last five years. The growing coal mining activities in the developing nations will contribute positively to the growth of the market. Additionally, the development of coal-based power plants in European countries will have a tremendous impact on the market. Nonetheless, the countless benefits of gasification will further enhance the scope of the market during the forecast period.
The coronavirus emergency has created a hassle and distraught for industries and across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
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Regional Analysis
Inflated Energy Demand to Boost Market in Asia Pacific
The Gasification Market in Asia Pacific is expected to dominate the global market during the forecast period. The growth in the region is attributed to the growing energy demand from various countries. The inclination towards clean energy sources is expected to contribute heavily to the growth of the market. The presence of coal reserves in China, India, and Japan are expected to enable speedy expansion for the market. According to the BP Statistical Review 2019, coal production in the Asia Pacific stood at 2,853.1 million tons of oil equivalent in 2019. The growing coal consumption will subsequently promote the growth of the market. North America and Europe are expected to witness a substantial growth rate during the forecast period. The growth in Europe is attributed to well-established biomass gasification plants with a capacity of more than 15,000 MW.
Key Development:
March 2020: EQTEC PLC, a major bioscience energy company based in the United Kingdom announced that it has signed a contract for the engineering design and installation of the first advanced gasification plant in Greece.
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The Report Lists the Main Companies in the Gasification Market:
Air Liquide (France)
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)
Air Products (U.S.)
SEDIN ENGINEERING COMPANY LIMITED (China)
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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