Global Underground Coal Gasification Market- Industry Analysis and forecast 2019Posted by akash Arjun pingale on January 12th, 2021 Global Underground Coal Gasification Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 18.45% through 2019 to 2027, reaching nearly US$ XX Bn. Global Underground Coal Gasification Market The report covers an in-depth analysis of COVID 19 pandemic impact on Global Underground Coal Gasification Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market. Underground coal gasification (UCG) is a method of converting coal still in the ground to an explosive gas. It is used for many applications, with power generation. Underground coal gasification eliminates the need for mining and the dangers of environmental degradation and miners. The growth of the worldwide economy has significantly enlarged energy demand. The demand is driven by economies like the United States and other developing economies such as India and China. The economics of UCG seems extremely promising. The capital expenses of UCG plants considerably less than the equal plant fed by surface gasifies because plant purchase is not necessary. Likewise, operating expenses are expected to be much lower owing to the lack of coal mining, transportation, and cleaning, therefore significantly reducing ash management services. On the other hand, the negative impact of UCG on the environment, which is majorly caused by the drilling activities, is projected to hamper the growth of the UCG market globally. The MMR report covers all the trends and technologies, which are playing a major role in the underground coal gasification market growth over 2019-2027. The report also offers a brief analysis of the major regions in the UCG market, namely, Europe, North America, APAC, South America, and the MEA. The APAC accounted for the largest UCG market share of xx% in 2019, with a market value of US$ XX.38 Mn, and the regional market is expected to register a CAGR of XX.17% during 2019-2027. Growth in the market is attributed to impressive growth in the end-use industries ranging from power to chemicals. China, India, and Australia are major markets for UCG projects. Country-wide, China is the global leader in UCG market with a CAGR of XX.60% during the forecast period. China has a massive energy demand. In 2019, China supplied XX.07% of the global energy and consumed XX.12% of the world's total, with an upsurge of XX.6% in natural gas consumption and a rise of XX.30% in oil consumption. In India, energy demand is continuously growing. Coal is the key fossil fuel in India and remains to play an essential role in the energy Industry. India has relatively large coal reserves of 2XX billion tons compared to crude oil of 7XX million tons and natural gas of 6XX billion cubic meters. By feedstock, the coal segment is expected to grow at the highest XX.35% CAGR during the forecast period. Coal gasification provides an efficient way of producing power-generating fuel cells and clean-burning hydrogen for cars. Coal meets ~60% of the commercial energy essentials and nearly XX% of the electricity produced in India comes from coal. Similarly, The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the UCG market size. Global Underground Coal Gasification Market1 Errgo Exergy Technologies Inc. is a prominent UCG key player, which owns the rights to the εUCG technology used by most of the companies outside of China. Likewise, The MMR report also focuses on global leading industry players in the global UCG market is providing information such as company profiles, cost, production, and revenue. In partnership with the U.S. companies and by reference to its Underground coal gasification technology, a Canadian company developed εUCG technology over continuous field experiments and self-development. The technology mostly represents the mainstream of UCG technology in western economies and has useful directly/indirectly in UCG tests in South Africa, India, Australia, China, and other economies. The objective of the report is to present a comprehensive analysis of the Global Underground Coal Gasification Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. for more info:https://www.maximizemarketresearch.com/market-report/underground-coal-gasification-market/70055/
Global Underground Coal Gasification Market, By End User Industry • Power Generation • Coal • Steam Reforming • Fixed Bed • North America • Sasol Limited About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |