openPR Logo
Press release

Asia-Pacific Underground Coal Gasification Market Predicted to Witness Surge in the Near Future 2014 - 2020

09-19-2017 08:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Asia-Pacific Underground Coal Gasification Market Predicted

Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year growth for coal consumption was highest in FY 2013, making it the highest since 1970. The demand for coal consumption is increasing every year thereby leading to depletion of coal reserves at an alarming rate. Moreover, most regions are economically unviable to extract coal from its bed. It is due to this reason that companies are looking for alternative solution that can lead to harnessing the total potential of coal, without disturbing the ecological balance.

Underground coal gasification (UCG) is an industrial process by which coal is gasified under intense heat and atmospheric pressure. This enables the production of synthetic gas, constituents of carbon monoxide and hydrogen, which are extracted through a well and utilized in various sectors, ranging from power generation to biodiesel and fertilizer production. Though this concept is not new to the market, little progress has been achieved in this sector, primarily due to low R&D. However, with growing energy consumption and fluctuating oil prices, industries are focusing on UCG to offer clean, efficient and cost-effective energy to various industries.

Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-ap-173

Asia-Pacific is projected as the largest market for underground coal gasification over the next 5 years due to impressive growth in end-use industries ranging from power to chemicals. China along with India, and Australia are key markets for underground coal gasification projects. China is the largest producer as well as the largest consumer of coal based energy. It consumes almost half of the total coal production to meet its energy demand. China has conducted 17 UCG trials since 1991 to check the economic viability of UCG. Major power generating enterprise SinoCoking Coal is planning to harness coal reserves in Henan Province which was abruptly shut down because of strict environmental compliance set up by Chinese government. UCG is an environmental friendly approach that empowers companies to scale high power generation. With world’s most populated country, China offers a vibrant platform for energy sector companies to set up their base in China and thereby meet the growing demand of energy in China. Recently, China signed a whooping US $ 1.5 billion major pact with UK for commercial development of UCG in interiors of Mongolia.

Next prominent market is India. In India, mining contributes 10% of India’s GDP. With vast coal reserves, India is looking towards harnessing coal without disturbing ecological balance. There are also some sites which are economically nonviable to mine. Though India’s untapped 88.6 billion tonnes of non-metallurgical coal is found at a depth of 300 to 1200 metre is economically nonviable; UCG makes it economically sound option. Coal India Limited is trying to push the UCG technology to harness the coal in Kaitha (Jharkhand) and Thesgora (Madhya Pradesh) area. These two promising region is expected to generate high return on investment (ROI) by FY 2025.

Next prominent destination is Australia. In Australia, most companies are undertaking R&D to fully harness the concept of UCG. At present, three major UCG trials is being conducted by Linc Energy, Cougar Energy, and Carbon Energy at Queensland. Australian government is paying a vigil eye on these projects until the technology is commercially proven.

SinoCoking Coal, Cougar Energy, Carbon Energy, Linc Energy, and ONGC are key market players that have conducted pilot projects on UCG technology.

Future is optimistic for underground coal gasification. With major innovations going around globally, it is expected to meet the needs of people in oil shortage region. Regions including APAC, and Africa will be a future market for underground coal gasification segments.

Visit For TOC@ https://www.futuremarketinsights.com/toc/rep-ap-173

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market geographies, End user industry etc.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asia-Pacific Underground Coal Gasification Market Predicted to Witness Surge in the Near Future 2014 - 2020 here

News-ID: 724820 • Views: 106

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for UCG

Scope of Underground Coal Gasification Market in Upcoming Years
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year
Research report explores the Asia-Pacific Underground Coal Gasification Market: …
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year
Asia-Pacific Underground Coal Gasification Market to Significant Growth Foreseen …
Automotive Oil Recycling Market Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the
Asia-Pacific Underground Coal Gasification Market Analysis, Trends, Forecast, 20 …
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year
Asia-Pacific Underground Coal Gasification Market 2014-2020 Trends, Regulations …
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year
Asia-Pacific Underground Coal Gasification Market Forecast and Segments, 2014 - …
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year