Global Gasifier Balance Of Plant Market Overview
Global Gasifier Balance of Plant Market is accounted for $75.47 billion in 2017 and is expected to reach $ 181.12 billion by 2026 growing at a CAGR of 9.5% from 2017 to 2026. Growing gasifier installations, rising demand for low cost energy and increasing initial investments are some of the key factors fuelling the market growth. However, increasing production of shale gas worldwide is likely to bring down the price of natural gas which is restricting the market growth.
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Gasification is an ancient technology with its origin tracing centuries back. BoP components are widely used to deliver, size, move, and evaluate feedstock in gasifiers and also to offer heat and raw nitrogen & oxygen to shape molecules formed in gasifier hence preventing gases from exploding during these processes.
Industry Top Players:
Some of the key players in the Gasifier Balance of Plant market are GTRI, KBR, Ecocycle, Pratt & Whitney, CFC Ltd. & CPC Corp, Dakota Gasification, Sasol Lurgi, E- gas, Westinghouse Plasma Corporation and Shell Corporation.
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Based on Design, fluidized bed segment has considerable growth owing to great operating flexibility of good mixing properties that ensure uniform process conditions, while also simultaneously feeding different fuels. North American is expected to have a significant growth in the market. The growth is due to rising shale gas extraction in the U.S. and oil exploration in Gulf of Mexico. High coal reserves mainly in U.S., with coal being a major feedstock in gasifiers, are forecasted to have a potential impact in this region.
- Molten Bed
- Fluidized Bed
- Coal to Energy (CTE) Gasifier
- Biomass to Energy (BTE) Gasifier
- Coal to Liquid (CTL) Gasifier
- Biomass to Liquid
- Direct Iron Reduction
- Waste to Energy
- Oil & Gas
- North America
- Asia Pacific
- South America
- Middle East & Africa
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