Gasification Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Germany, UK - Size and Forecast 2023-2027

Published: Dec 2022 Pages: 178 SKU: IRTNTR74855

Gasification Market Forecast 2023-2027

The gasification market size is projected to grow by USD 135.21 billion at a CAGR of 12.23% between 2022 and 2027. The market's expansion is driven by several key factors. Firstly, the rise in global energy demand is a significant driver, highlighting the growing need for reliable energy sources. Additionally, there is an increasing focus on cleaner energy solutions, driven by environmental concerns and regulatory pressures. Gasification, in particular, offers economic benefits, such as cost-effectiveness and efficiency, further fueling its adoption. These factors collectively indicate a shift towards sustainable energy practices and the increasing importance of technologies like gasification in meeting global energy needs.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Analysis and Forecasting

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Market Segmentation

This market research report extensively covers market segmentation by feedstock (coal, biomass/waste, natural gas, and petroleum), application (chemical, liquid fuel, gaseous fuel, and power), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

By Feedstock

The market share growth of the coal segment will be significant during the forecast period. Coal plays a significant role in the global energy mix as countries direct their efforts toward achieving net-zero emissions. Gasification technology can help in reducing the environmental footprint by utilizing coal as a feedstock, thus boosting the market in focus during the forecast period.

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The coal segment was valued at USD 239.36 billion in 2017. Coal gasification provides a way of producing clean chemicals, liquid and gaseous fuels, power, and blends of products using indigenous carbonaceous feedstocks, thus enabling countries to meet their energy security and environmental objectives while using coal. In addition to the environmental benefits, the economic benefits of coal gasification are also boosting the growth of the market. For instance, the capital cost per kW of offshore wind power is 154% higher than coal gasification. Thus, coal gasification presents an attractive, clean energy technology in comparison to other technologies, such as renewables, thereby boosting segment growth during the forecast period, particularly in developing economies.

By Region

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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC countries such as China and India rely extensively on coal to meet their energy demand. Moreover, China has been the largest coal producer in the world since 1985. Hence, coal plays a significant role in China energy mix. However, the commitments laid out in the 2015 Paris Climate Agreement, which has set emission limits, have encouraged China to opt for advanced carbon capture technologies, particularly through gasification. As coal gasification can also be carried out via bioenergy gasification, as biomass alone is not capable of producing enough energy efficiently, researchers in China have proposed a combination of coal and biomass energy.

A biomass proportion of at least one-third can lead to a reduction in CO2 emissions, thereby leaving a major share for the use of coal. Hence, the rising demand for energy, the presence of significant reserves, and rising demand for clean energy technologies will lead to the growth of the market in APAC during the forecast period. 

Market Dynamics and Customer Landscape

The market is driven by various factors, including the demand for syngas as a versatile fuel and feedstock. Technologies like fixed bed gasifiers, entrained-flow gasifiers, and fluidized-bed gasifiers are key players in converting organic or fossil-based raw materials into syngas. The market is influenced by the coal industry and initiatives like the Global Syngas Technologies Council (GSTC). Gasification plays a vital role in the chemical segment, producing ammonia, methanol, and other chemicals. Additionally, with a focus on carbon capture and storage (CCS), gasification is poised to support sustainable development in the industrialization and urbanization processes. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rise in global energy demand is notably driving market growth. Owing to robust economic growth, there was significant growth in global energy demand over the past decade. According to the IEA, the demand for chemical products, driven by the demand for nitrogenous fertilizers and plastics, has been increasing substantially over the past two decades. Moreover, there has been significant growth in the demand for electricity across the world. As disposable income increases, the demand for energy services such as air conditioning is also expected to increase, especially in the housing sector. This is supported by industrialization, urbanization, carbon monoxide gas, and thermochemical conversion. In addition, the use of electric motor systems in industry is also responsible for the increase in industrial energy demand. Thus, the increase in energy demand worldwide is expected to increase the demand for hydrocarbon fuels such as coal, oil, biomass and others. This, in turn, is likely to fuel the growth of the market during the forecast period.

Significant Market Trend

The rise in global coal production is the primary trend in the market. This is one of the main sources of energy worldwide. Coal has been dominating the global energy mix due to its abundance, affordability and widespread distribution. Areas such as Asia and South Africa have significant coal reserves. As of 2021, China was the largest producer of coal in the world, followed by the United States. Other important coal-producing countries are Australia, India, and Russia.

China is the largest producer of coal and lignite in the world. The relaxation of import restrictions in China has also boosted global coal production, particularly in Indonesia and the United States. Coal production has also increased in, for example, Russia and India, which is consistent with the national government's focus on reducing dependence on coal imports. Thus, production growth is expected to boost the growth of the market during the forecast period.

Major Market Challenge

High operating and maintenance costs is the major challenge impeding market growth. Waste-to-energy gasification, such as incineration, is widely used in various regions. However, incineration facilities require significant capital investment and incur high operating and maintenance costs. Costs vary depending on facility size, local infrastructure conditions, design, energy efficiency, and waste management options. Therefore, incineration requires investments from foreign companies for the installation of the purifier and the initial installation and maintenance of the work cycle. Similarly, the disposal of solid household waste in a landfill generates considerable costs. Landfill costs depend on the geographic location of the landfill. Thus, the cost and complexity associated with landfill and incineration may limit the adoption of efficient gasification processes, thus limiting the growth of the focus market during the forecast period.

Key Gasification Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Gasification Market Customer Landscape

Who are the Major Gasification Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Basin Electric Power Co. - The company offers gasification such as Underground Coal Gasification under the gasification segment. Through this segment, the company provides utility services such as generating and transmitting supplemental electricity to a consortium of rural electric cooperatives and also offers coal, gas, oil, nuclear, distributed, and renewable energy, including wind power energy.

The Gasification Market forecast report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Air Liquide SA
  • Air Products and Chemicals Inc.
  • Andritz AG
  • CASE GROUP
  • China National Chemical Engineering Co. Ltd.
  • Chiyoda Corp.
  • EQTEC Plc
  • General Electric Co.
  • KBR Inc.
  • Larsen and Toubro Ltd.
  • Linde Plc
  • McDermott International Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Oil and Natural Gas Corp. Ltd.
  • Shell plc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Feedstock Outlook
    • Coal
    • Biomass/waste
    • Natural gas
    • Petroleum
  • Application Outlook 
    • Chemical
    • Liquid fuel
    • Gaseous fuel
    • Power
  • Region Outlook 
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Market Analyst Overview

The market is driven by various factors, including the demand for cleaner energy generation technologies and the need for feedstock diversification. Technologies like anaerobic digestion plants, integrated gasification combined cycle (IGCC), and thermochemical conversion play a crucial role in converting various feedstocks into valuable products such as hydrogen, carbon monoxide gas, and carbon dioxide. This market is influenced by factors such as global population growth, rapid industrialization, and environmental awareness, leading to a shift towards sustainable practices in waste disposal and recycling. The market caters to various sectors including chemical manufacturing, power generation, and the municipal sector with solutions that reduce emissions and utilize biodegradable materials for a more sustainable future.

Market Scope

 

Report Coverage

Details

Page number

178

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.18%

Market growth 2023-2027

USD 135.21 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.0

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Air Liquide SA, Air Products and Chemicals Inc., Andritz AG, Basin Electric Power Co., CASE GROUP, China National Chemical Engineering Co. Ltd., Chiyoda Corp., EQTEC Plc, General Electric Co., KBR Inc., Larsen and Toubro Ltd., Linde Plc, McDermott International Ltd., Mitsubishi Heavy Industries Ltd., Oil and Natural Gas Corp. Ltd., Shell plc, Synthesis Energy Systems Inc., ThermoChem Recovery International Inc., thyssenkrupp AG, and Siemens AG

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Feedstock
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global gasification market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global gasification market 2017 - 2021 ($ billion)
    • 4.2 Feedstock Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Feedstock Segment 2017 - 2021 ($ billion)
    • 4.3 Applicaton Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Applicaton Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Feedstock

    • 6.1 Market segments
      • Exhibit 30: Chart on Feedstock - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Feedstock - Market share 2022-2027 (%)
    • 6.2 Comparison by Feedstock
      • Exhibit 32: Chart on Comparison by Feedstock
      • Exhibit 33: Data Table on Comparison by Feedstock
    • 6.3 Coal - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Coal - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Coal - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Coal - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Coal - Year-over-year growth 2022-2027 (%)
    • 6.4 Biomass/waste - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Biomass/waste - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Biomass/waste - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Biomass/waste - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Biomass/waste - Year-over-year growth 2022-2027 (%)
    • 6.5 Natural gas - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Natural gas - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Natural gas - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Natural gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Natural gas - Year-over-year growth 2022-2027 (%)
    • 6.6 Petroleum - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Petroleum - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Petroleum - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Petroleum - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Petroleum - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Feedstock
      • Exhibit 50: Market opportunity by Feedstock ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 51: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 53: Chart on Comparison by Application
      • Exhibit 54: Data Table on Comparison by Application
    • 7.3 Chemical - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Chemical - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Chemical - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Chemical - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Chemical - Year-over-year growth 2022-2027 (%)
    • 7.4 Liquid fuel - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Liquid fuel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Liquid fuel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Liquid fuel - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Liquid fuel - Year-over-year growth 2022-2027 (%)
    • 7.5 Gaseous fuel - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Gaseous fuel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Gaseous fuel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Gaseous fuel - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Gaseous fuel - Year-over-year growth 2022-2027 (%)
    • 7.6 Power - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Power - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Power - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Power - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Power - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 71: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 Air Liquide SA
              • Exhibit 124: Air Liquide SA - Overview
              • Exhibit 125: Air Liquide SA - Business segments
              • Exhibit 126: Air Liquide SA - Key news
              • Exhibit 127: Air Liquide SA - Key offerings
              • Exhibit 128: Air Liquide SA - Segment focus
            • 12.4 Air Products and Chemicals Inc.
              • Exhibit 129: Air Products and Chemicals Inc. - Overview
              • Exhibit 130: Air Products and Chemicals Inc. - Business segments
              • Exhibit 131: Air Products and Chemicals Inc. - Key news
              • Exhibit 132: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 133: Air Products and Chemicals Inc. - Segment focus
            • 12.5 Andritz AG
              • Exhibit 134: Andritz AG - Overview
              • Exhibit 135: Andritz AG - Business segments
              • Exhibit 136: Andritz AG - Key offerings
              • Exhibit 137: Andritz AG - Segment focus
            • 12.6 Basin Electric Power Co.
              • Exhibit 138: Basin Electric Power Co. - Overview
              • Exhibit 139: Basin Electric Power Co. - Product / Service
              • Exhibit 140: Basin Electric Power Co. - Key offerings
            • 12.7 China National Chemical Engineering Co. Ltd.
              • Exhibit 141: China National Chemical Engineering Co. Ltd. - Overview
              • Exhibit 142: China National Chemical Engineering Co. Ltd. - Product / Service
              • Exhibit 143: China National Chemical Engineering Co. Ltd. - Key offerings
            • 12.8 EQTEC Plc
              • Exhibit 144: EQTEC Plc - Overview
              • Exhibit 145: EQTEC Plc - Business segments
              • Exhibit 146: EQTEC Plc - Key offerings
              • Exhibit 147: EQTEC Plc - Segment focus
            • 12.9 General Electric Co.
              • Exhibit 148: General Electric Co. - Overview
              • Exhibit 149: General Electric Co. - Business segments
              • Exhibit 150: General Electric Co. - Key news
              • Exhibit 151: General Electric Co. - Key offerings
              • Exhibit 152: General Electric Co. - Segment focus
            • 12.10 KBR Inc.
              • Exhibit 153: KBR Inc. - Overview
              • Exhibit 154: KBR Inc. - Business segments
              • Exhibit 155: KBR Inc. - Key news
              • Exhibit 156: KBR Inc. - Key offerings
              • Exhibit 157: KBR Inc. - Segment focus
            • 12.11 Larsen and Toubro Ltd.
              • Exhibit 158: Larsen and Toubro Ltd. - Overview
              • Exhibit 159: Larsen and Toubro Ltd. - Business segments
              • Exhibit 160: Larsen and Toubro Ltd. - Key news
              • Exhibit 161: Larsen and Toubro Ltd. - Key offerings
              • Exhibit 162: Larsen and Toubro Ltd. - Segment focus
            • 12.12 McDermott International Ltd.
              • Exhibit 163: McDermott International Ltd. - Overview
              • Exhibit 164: McDermott International Ltd. - Product / Service
              • Exhibit 165: McDermott International Ltd. - Key news
              • Exhibit 166: McDermott International Ltd. - Key offerings
            • 12.13 Mitsubishi Heavy Industries Ltd.
              • Exhibit 167: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 168: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 169: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 170: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 171: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.14 Shell plc
              • Exhibit 172: Shell plc - Overview
              • Exhibit 173: Shell plc - Business segments
              • Exhibit 174: Shell plc - Key news
              • Exhibit 175: Shell plc - Key offerings
              • Exhibit 176: Shell plc - Segment focus
            • 12.15 Siemens AG
              • Exhibit 177: Siemens AG - Overview
              • Exhibit 178: Siemens AG - Business segments
              • Exhibit 179: Siemens AG - Key news
              • Exhibit 180: Siemens AG - Key offerings
              • Exhibit 181: Siemens AG - Segment focus
            • 12.16 Synthesis Energy Systems Inc.
              • Exhibit 182: Synthesis Energy Systems Inc. - Overview
              • Exhibit 183: Synthesis Energy Systems Inc. - Product / Service
              • Exhibit 184: Synthesis Energy Systems Inc. - Key offerings
            • 12.17 thyssenkrupp AG
              • Exhibit 185: thyssenkrupp AG - Overview
              • Exhibit 186: thyssenkrupp AG - Business segments
              • Exhibit 187: thyssenkrupp AG - Key news
              • Exhibit 188: thyssenkrupp AG - Key offerings
              • Exhibit 189: thyssenkrupp AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  gasification market market

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                  Key Questions Answered

                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

                  Why should you prefer Technavio's market insights report?

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                  • Information about the market's key drivers, trends, and challenges
                  • Parent market analysis
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                  • Detailed vendors report with competitive landscape
                  • Covid-19 impact and recovery analysis
                  • Data on revenue-generating market segments
                  • Details on the market shares of various regions
                  • Five-force market analysis