Top Companies in Gasification Market | Comprehensive Research Report and In-depth Analysis by Vantage Market Research
Gasification is the process in which organic or fossil-based raw materials are converted into hydrogen and carbon monoxide gas thermo chemically with a menial amount of carbon dioxide and water.
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Market Overview:
The Global Gasification Market is valued at USD 458.1 Billion in the year 2021 and is forecasted to reach a value of USD 610.3 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period. Gasification is a process called thermochemical that converts fossil fuel- based carbon materials into raw materials. The increase in demand for renewable energy is expected to boost the product’s adoption. Moreover, rising development, rapid urbanization, and increasing dependence upon electricity is expected to bolster the growth of the market in the upcoming years.
The increasing power consumption all over the globe will have a tremendous impact on the gasification market growth. The Gasification Market is segmented into coal, petroleum, natural gas, and biomass/waste. Based on the application, the market is divided into chemical, liquid fuel, power, and gaseous fuel. The chemical segment is projected to lead the global market in 2021. Geographically, the global market has been analyzed across five key regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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Some of the key players operating in the Gasification Market are listed below:
|
Company Name |
Revenue in the US |
|
$220 Billion |
|
$74 Billion |
|
$25 Billion |
|
$7 Billion |
|
$3 Billion |
|
<$5 Million |
|
$70 Billion |
|
<$5 Million |
|
$7 Billion |
|
$38 Billion |
The Company was incorporated in 2005 PLC, Dutch Koninklijke Nederland’s Shell NV, unified publicly traded petroleum corporation, one of the largest in the world, engaging in crude oil and natural gas exploration, production, refining, and marketing in more than 90 countries around the globe. The headquarters of the company are in the Haque.
2 – General Electric
The Company is a proud partner to India’s industrial growth and technology development since 1902. With their local partners and customers, they have pioneered industrial solutions of the future. Solutions that make a difference to millions of lives every day. It’s all part of their unwavering commitment to building a world that works for everyone. GE rises to the challenge of building a world that works. For more than 125 years, GE has invented the future of industry, and today the company’s dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GE’s people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s mission and deliver for its customers.
3 - Air Liquide S.A
Air Liquide S.A is a French multinational company which supplies industrial gases and services to various industries including medical, chemical, and electronic manufacturers. Founded in 1902, after Linde it is the second largest supplier of industrial gases by revenues and has operations in over 80 countries. Its headquarters are in Paris, France.
4 - Andritz
Andritz is an international technology group providing plants, systems, equipment, and services for various industries. The company is one of the technology and global market leaders in the hydropower business, the metal working and steel industries, and in solid/liquid separation in the municipal and industrial segments. The company was founded 170 years ago. The company is also active in power generation (steam boiler plants, biomass power plants, recovery boilers, and gasification plants).
5 - Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. The company is one of the core companies of the Mitsubishi Group and its automobile department is the predecessor of Mitsubishi Motors. The company's products include aerospace and automotive components, air conditioners, elevators, forklift trucks, hydraulic equipment, printing machines, missiles, tanks, power systems, ships, aircraft, railway systems, and space launch vehicles. Through its defense-related activities, the company is the world's 23rd-largest defense contractor measured by 2011 defense revenues and the largest based in Japan.
6 - SEDIN Engineering Company Limited
CNCEC SEDIN Engineering Co., Ltd. is a national level new & high-tech enterprise. The company is also an international engineering company with R&D capabilities, and takes engineering design and general contracting as its major works. The company is always working steadily with great care, and continuously keeping the idea of "honesty and integrity, creation and good in service". As an international engineering company, SEDIN's mission is to use advanced technology to build projects using resources in a rational and environmentally friendly way, not only in Shanxi, but also in the whole country and the world. The company has more than 1,200 employees. The company's MTG, phenol acetone, TDI, coke oven gas to methanol and other technologies are in the leading position in the world.
7 - Siemens
Siemens AG, is engaged in electrification, automation, and digitalization with strong presence in over 200 countries. Siemens operates through the following reportable segments power & gas, energy management, building technologies, mobility, digital factory, and process industries and drives as well as strategic unit healthineers and Siemens Gamesa Renewable Energy. The mobility division combines all Siemens businesses in the area of passenger and freight transportation, including rail vehicles, rail automation systems, rail electrification systems, road traffic technology, digital solutions, and electromobility.
8 - Synthesis Energy Systems Inc.
SES Gasification Technology (SGT) produces synthesis gas. Synthesis gas or “syngas” is a clean and incredibly versatile source of energy. SGT is uniquely capable to manufacture clean syngas from a wide variety of natural and renewable resources such as most forms of coal, biomass, municipal solid waste (MSW), and refuse-derived fuels. Syngas from SGT allows SES’s customers to cleanly unlock the value from their local and affordable resources and transform the syngas into electricity, steel, fuels, chemicals, fertilizers, or to be used as a natural gas substitute. This proprietary fluidized bed technology was built on decades of research, development, demonstration and commercial operation and is implemented in multiple plants in China.
9 - KBR
KBR, Inc. is a U.S.-based company operating in the fields of science, technology, and engineering. The company delivers science, technology, and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission-critical roles in 34 countries. The company also delivers the brightest technology and solutions that help its customers accomplish the most critical missions and objectives. The company is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results.
10 - ThyssenKrupp AG
ThyssenKrupp is an international group of companies comprising largely independent industrial and technology businesses and employing more than 100,000 people. Across 56 countries it generated sales of €34 billion in fiscal 2020/2021. The company’s business activities have been bundled in six segments: Materials Services, Industrial Components, Automotive Technology, Steel Europe, Marine Systems, and Multi Tracks. Backed by extensive technological know-how, businesses develop cost-effective and resource-friendly solutions to the challenges of the future. Around 3,600 employees work in research and development at 78 locations all over the world, mainly in the fields of climate protection, the energy transition, digital transformation in the industry and mobility of the future.
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