Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Gasifier Balance Of Plant (BoP)
Components Market". This report likewise incorporates more
illumination about fundamental review of the business including
definitions, requisitions and worldwide business sector industry
structure.
Gasification
is centuries old proven technology which is now rapidly evolving in
energy conversion and chemical production sector. Gasification is a
process in which carbon- rich feedstock is raised to high
temperatures in an oxygen deficient environment; this causes the
feedstock to break down thermochemically. Balance of plant is a
critical part of the gasifier which accounts for approximately 40% of
the investment in generation capacity addition. Each Balance of Plant
(BoP) activity comprises components like civil works, structural
works, electro-mechanical equipment, and control and instrumentation.
With rising oil prices and global increasing demand of energy
generation this technology is now being adopted in both industrial as
well as household sector, especially in the rural areas. Gasifier
technology is now evolving in a number of sectors such as bulk power
generation, oil refining and energy, municipal waste treatment and as
a method of power generation in both grid connected and off- grid
areas.
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The
demand for low cost energy and increasing gasifier installations are
the primary drivers enhancing investments in this industry. BoP play
a crucial role in optimizing the cost of a gasifier, there are
chances of cost reduction if expenditure on BoP is monitored
consistently. These systems are critical structures which affect the
timely commissioning of a gasifier. The rising environmental
constraints form a crucial part in designing of the gasifier. The
Balance of Plant has to be carefully designed and constructed to
comply with the environmental regulations. The initial investment
costs are also moderately low when compared to other sources of power
generation such as wind and solar, which encourages investment in
this market. The natural gas prices will directly influence the
demand for gasifiers in the future. Production of shale gas might
lower the prices of natural gas which would prove to be a market
restraint for growth of gasifier market.
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The
gasifier balance of plant market can be segmented on the basis of
stage of construction, design and application of the process. On the
basis of stage of construction the market can be categorized as
pre-reactor, gasification and post-reactor. On the basis of design it
can be segmented as updraught, downdraught, cross- draught, fluidized
bed, entrained bed, molten bed and double fired. Coal to energy &
liquid, waste to energy, petcoke residuals, bio-mass to energy &
liquid and plasma are the primary application areas of this
technology. The balance of plants may slightly differ based on the
design and application of the gasifier to be constructed.
Currently
Africa and Middle- East are the major market for gasifiers with the
highest number of installations. The growing Asian economy has
planned to invest in this sector and a number of projects are coming
up, particularly China will lead in this region. Growth in North
America might slow down due to falling natural gas prices. Coal
remains the predominant feedstock because of its low cost and thus
countries which have coal reserves will provide a potential market
for the gasifier balance of plants. Developing economies where rural
electrification is still a problem can also prove to be a potential
market segment of gasifier which would also drive gasifier component
market along with it.
Some
of the key players in the Gasifier Balance of Plant (BoP) Components
market are Sasol Lurgi, Shell, Dakota Gasification, KBR, E- Gas,
Ecocycle, Westinghouse Plasma Corporation and Pratt & Whitney.
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