The Global Gasifier Turbine Market is expected to reach $3.1 billion by 2028. The market is projected to exhibit a CAGR of 7% over the forecast period due to increasing demand for power generation and oil & gas applications in developing economies such as India and China. Increasing coal prices will also play a key role in boosting the growth of this market across all regions during the next few years.
A Gasifier Turbine is a type of engine, which converts the chemical energy in coal or other solid fuels into kinetic and thermal energy. The key component of this system is the rotor, which rotates to create mechanical work by means of its spinning blades that convert heat from combustion to thrust. Gasifiers are used for power generation as well as oil & gas applications.
Gasifier Turbine is mainly used to burn coal, biomass, and waste for gasification. It can also be used in the power generation industry. In addition, Gasifier Turbines are now being applied as a replacement for traditional steam turbines in the oil & gas industry.
On the basis of Type, the market is segmented into Below 200 MW and Above 200 MW.
Below 200 MW gasifier turbine is a low-speed, small capacity natural gas (NG) or biogas power plant built mainly for rural areas with unreliable electricity supply. The plants can be fueled by NG and/or biomass. Below 200 MW turbines are typically powered by engines of between 20 to 50 kW displacement.
Below 200 MW gasifier turbines are used in power generation and oil & gas applications. Below 200 MW gasifiers have a combined installed capacity of approximately 4214MW globally as of 2016, with China accounting for approximately 26% share followed by India (11%) and Canada (approximately 11%). The United States accounted for the third-largest installed base at nearly 12%.
Above 200 MW gasifier turbines are high-speed, large-capacity natural gas or biogas power plants. The plant can be fueled by NG and/or biomass. These turbines are typically powered by engines of greater than 400 kW displacement.
A single powerful engine will drive a generator to produce the required electrical output for the grid from either fuel source (NG or Biomass). Beyond their size, these facilities tend to have two major differences compared with Below 200MW Turbines: they use combined-cycle technology; They also require electricity as an input in order to function properly due to higher firing rates that lead to increased heat losses across all components including machinery and piping which must be cooled.
Power generation is the most dominant application of Above 200MW gasifiers turbine in 2017. With an increasing demand for energy, power generation will continue to be one of the main drivers. The largest opportunity currently lies with developing countries that are building new infrastructure and require more power plants that consume a lot of natural resources as fuel sources such as coal or oil.
On the basis of Application, the market is segmented into power generation and oil & gas. Power generation accounted for the largest share of 54% in 2017, due to its increased use in thermal power plants as well as natural gas fired combined-cycle electric generating units (CCEGs).
Gasifier turbines are used in power generation applications. In this application, the gasification of biomass is done and then it's burned with a limited amount of air to produce heat energy for use as electricity. It can also be operated at industrial-scale plants which burn coal or natural gas feedstock using oxygen instead of air, producing hundreds of megawatts worth of electric power per hour.
Gasifier turbines are used for the production of power in oil and gas fields. They can be either below 200 MW or above200 MW. Gasification is a process that converts biomass, coal, natural gas, or other carbonaceous material into synthesis gas (syngas). The syngas then undergoes catalytic conversion to produce fuels such as hydrogen, synthetic natural gas, and diesel-type hydrocarbons among others. The use of these fuel products provides an environmentally sound alternative to nonrenewable fossil sources including crude oil and coal.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The gasifier turbine market in the Americas is expected to witness the fastest growth due to increased drilling activities for oil and gas production, which would lead to a higher demand for power generation capacity from end-users such as mining companies; steel millers etc. In the Latin America region also it will grow at a significant pace during the forecast period while the European region will witness sluggish growth owing to a decline in demand from the power generation sector by end-users such as paper mills, chemical plants among others.
The Asia Pacific gasifier turbine market would experience moderate growth with a steady increase in demand for these turbines across various sectors including manufacturing and commercial buildings, transportation facilities, etc., fuelled by an increasing population base coupled with high adoption levels of clean fuels in the region.
The gasifier turbine segment is projected to witness significant traction due to its small size which makes it easy for installation; capability of handling properties like high-temperature steam; low emissions levels and zero noise pollution. In addition, these turbines have lower initial capital expenditure as compared to conventional fossil fuel plants based on coal or natural gas-fired units with their large fixed cost structures such as land acquisition, etc., making them attractive investment options among end-users.
Up Market Research published a new report titled “Gasifier Turbine Market research report which is segmented by Types (Below 200 MW, Above200 MW), By Applications (Power Generation, Oil & Gas, Other), By Players/Companies GE, Siemens, MHPS, Ansaldo, Kawasaki, Solar Turbines, MAN Energy, BHEL”.
|Report Attributes||Report Details|
|Report Title||Gasifier Turbine Market Research Report|
|By Type||Below 200 MW, Above200 MW|
|By Application||Power Generation, Oil & Gas, Other|
|By Companies||GE, Siemens, MHPS, Ansaldo, Kawasaki, Solar Turbines, MAN Energy, BHEL|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||213|
|Number of Tables & Figures||150|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Below 200 MW, Above200 MW and By Application Power Generation, Oil & Gas, Other.
Some of the companies that are profiled in this report are:
Gasifier Turbine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Gasifier Turbine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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