Gasifier Balance Of Plant (BoP) Components Market : Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast 2016 - 2020

Albany, NY, 10 JAN : Gasification is centuries old proven technology which is now rapidly evolving in energy conversion and chemical production sector. Gasification is a process in which carbon- rich feedstock is raised to high temperatures in an oxygen deficient environment; this causes the feedstock to break down thermochemically. Balance of plant is a critical part of the gasifier which accounts for approximately 40% of the investment in generation capacity addition. Each Balance of Plant (BoP) activity comprises components like civil works, structural works, electro-mechanical equipment, and control and instrumentation. With rising oil prices and global increasing demand of energy generation this technology is now being adopted in both industrial as well as household sector, especially in the rural areas. Gasifier technology is now evolving in a number of sectors such as bulk power generation, oil refining and energy, municipal waste treatment and as a method of power generation in both grid connected and off- grid areas.

The demand for low cost energy and increasing gasifier installations are the primary drivers enhancing investments in this industry. BoP play a crucial role in optimizing the cost of a gasifier, there are chances of cost reduction if expenditure on BoP is monitored consistently. These systems are critical structures which affect the timely commissioning of a gasifier.

Get PDF for more Professional and Technical insights @ http://www.researchmoz.us/enquiry.php?type=S&repid=220215

The rising environmental constraints form a crucial part in designing of the gasifier. The Balance of Plant has to be carefully designed and constructed to comply with the environmental regulations. The initial investment costs are also moderately low when compared to other sources of power generation such as wind and solar, which encourages investment in this market. The natural gas prices will directly influence the demand for gasifiers in the future. Production of shale gas might lower the prices of natural gas which would prove to be a market restraint for growth of gasifier market.

The gasifier balance of plant market can be segmented on the basis of stage of construction, design and application of the process. On the basis of stage of construction the market can be categorized as pre-reactor, gasification and post-reactor. On the basis of design it can be segmented as updraught, downdraught, cross- draught, fluidized bed, entrained bed, molten bed and double fired. Coal to energy & liquid, waste to energy, petcoke residuals, bio-mass to energy & liquid and plasma are the primary application areas of this technology. The balance of plants may slightly differ based on the design and application of the gasifier to be constructed.

Enquiry @ http://www.researchmoz.us/enquiry.php?type=E&repid=220215

Currently Africa and Middle- East are the major market for gasifiers with the highest number of installations. The growing Asian economy has planned to invest in this sector and a number of projects are coming up, particularly China will lead in this region. Growth in North America might slow down due to falling natural gas prices. Coal remains the predominant feedstock because of its low cost and thus countries which have coal reserves will provide a potential market for the gasifier balance of plants. Developing economies where rural electrification is still a problem can also prove to be a potential market segment of gasifier which would also drive gasifier component market along with it.

Some of the key players in the Gasifier Balance of Plant (BoP) Components market are Sasol Lurgi, Shell, Dakota Gasification, KBR, E- Gas, Ecocycle, Westinghouse Plasma Corporation and Pratt & Whitney.

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
90 State Street,
Albany, NY 12207,
United States

This release was published on openPR.