Gasifier Balance of Plant Components Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The global market is anticipated to witness significant growth over the forecast period because of the rising requirement for gasification in energy conversion and chemical production procedures. BoP components are extensively used to size, deliver, move, and measure feedstock in gasifiers and to provide heat and raw nitrogen & oxygen to shape molecules produced in gasifiers hence preventing gases from exploding during these processes. Moreover, these components are also used for cooling and cleaning product gases and for extracting & reusing energy. Thus, these aforementioned potential gasifier applications are anticipated to be the major factors driving the global BoP component market growth over the forecast period.

MARKET SCOPE

The "Global Gasifier Balance of Plant Components Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the gasifier balance of plant components market with detailed market segmentation by product type, application, and geography. The global gasifier balance of plant components market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading gasifier balance of plant components market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global gasifier balance of plant components market is segmented by product type, and application.

  Based on product type, the market is segmented into Biomass to Energy (BTE) Gasifier, Coal to Energy (CTE) Gasifier, Coal to Liquid (CTL) Gasifier, Others

  On the basis of application, the market is segmented into Oil and Gas, Electric, Others

MARKET DYNAMICS

Drivers-

  Due to the rising energy demand, increasing utility in fossil fuels, chemicals, forestry, agricultural, petrochemicals, waste handling industries, and biofuels is predicted to strengthen industry growth over the forecast period.
Restrains

  The increasing production of shale gas worldwide will likely bring down the natural gas price. It could prove a major restraint for the global gasifier BoP components market by limiting its scope of expansion.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19

The COVID-19 outbreak had a negative impact on the global economy as many industries have been affected by the current conditions, and the activities of several sectors have come to a halt. Companies face several challenges in the oil and gas sector due to falling oil prices following the COVID-19 outbreak. In the United States, the consumption of petroleum products has fallen to its lowest level in decades due to travel restrictions and the general economic slowdown caused by efforts to contain COVID-19. The US EIA estimates the decline in demand for petroleum products by examining changes in total products supplied. On April 3, 2021, total U.S.-supplied petroleum products fell by 3.4 million barrels daily, the largest weekly drop in the EIA's data series. This would affect the demand of gasifier balance of plant components as components are useful for oil and gas extraction processes and further convert crude oil into useful petroleum products.

MARKET PLAYERS

The reports cover key developments in the gasifier balance of plant components market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the gasifier balance of plant components market are anticipated to have lucrative growth opportunities in the future with the rising demand for gasifier balance of plant components in the global market. Below mentioned is the list of few companies engaged in the gasifier balance of plant components market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the gasifier balance of plant components market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   CFC
  
•   GTRI
  
•   Dakota Gasification
  
•   E- gas
  
•   Sasol Lurgi
  
•   Shell
  
•   Westinghouse Plasma
  
•   Ecocycle
  
•   Pratt and Whitney
  
•   KBR
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Gasifier Balance of Plant Components Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Product Type Biomass to Energy Gasifier Coal to Energy Gasifier Coal to Liquid Gasifier By Application Oil and Gas Eectric
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	CFC GTRI Dakota Gasification E gas Sasol Lurgi Shell Westinghouse Plasma Ecocycle