Gasification Market By Feedstock Type (Coal, Petroleum Coke, Natural Gas, and Biomass), By Gasifier Type (Moving/Fixed Bed, Fluidized Bed, Entrained, and Others), By Application (Chemicals, Liquid Fuels, Power, and Gas Fuels), and By Region - Trends, Analysis and Forecast till 2029

Gasification Market size was valued at USD 98.2 Billion in 2020 and is estimated to be USD 203.37 Billion by 2030 and is anticipated to register a CAGR of 7.6%.

The most prevalent gases produced during the process of gasification are nitrogen (N2), carbon monoxide (CO), hydrogen (H2), and carbon dioxide (CO2). Carbonaceous materials originating from biomass or fossil fuels are converted into these gases (CO2). By heating the feedstock material to high temperatures (often >700 °C) and controlling the amount of oxygen and/or steam present in the reaction, this is accomplished. Due to the flammability of the H2 and CO that make up the majority of the gas, which are known as syngas (from synthesis gas) or producer gas, the resulting gas mixture is a fuel in and of itself. Power can be obtained from the subsequent combustion of the resulting gas, which is regarded a power source if the gasified chemicals were obtained from biomass feedstock.

The rate of rural electrification has increased, particularly in emerging nations, which has increased demand for decentralised energy generation, propelling the global biomass gasification market forward. Additionally, the market is expanding due to the widespread acceptance of these waste-processing technologies as a viable substitute for conventional techniques like burning and landfilling. Leading market players and governments from different nations have also continued to spend in the creation of sophisticated technologies, contributing to market expansion.                         

Global Gasification market has been segmented on the basis of feedstock type, gasifier type, application and region.

On the basis of feedstock type, the global Gasification market is segmented into Coal, Petroleum Coke, Natural Gas, and Biomass. On the basis of gasifier type, the global Gasification market is segmented into Moving/Fixed Bed, Fluidized Bed, Entrained, and Others. On the basis of appplication, the global Gasification market is segmented into Chemicals, Liquid Fuels, Power, and Gas Fuels.

Regional Insights:

On basis of region the Global Gasification Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of market share for gasification during the forecast, Asia Pacific is anticipated to be in the lead. There are many reasons for the market's expansion, including rising energy demand, sizable coal reserves, and increased interest in clean energy technology. The Asia Pacific industry also receives significant amounts of money from China, India, and Japan.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Gasification report based on test, application, and region.

Global Gasification Market, By Feedstock Type:

• Coal
• Petroleum Coke
• Natural Gas
• Biomass.

Global Gasification Market, By Gasifier Type:

• Moving/Fixed Bed
• Fluidized Bed
• Entrained
• Others.

Global Gasification Market, By Application:

• Chemicals
• Liquid Fuels
• Power
• Gas Fuels.

Global Gasification Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Global Gasification Market includes Royal Dutch Shell, Air Liquide, General Electric, Mitsubishi Heavy Industries, SEDIN Engineering Company Limited, Siemens, CB&I, KBR, Thyssenkrupp AG and Synthesis Energy Systems Inc.

• Royal Dutch Shell. 
• Air Liquide
• General Electric
• Mitsubishi Heavy Industries
• SEDIN Engineering Company Limited
• Siemens
• CB&I
• KBR
• Thyssenkrupp AG
• Synthesis Energy Systems Inc.