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Gasification Market size is set to grow by USD 116.6 billion from 2024-2028, Rise in global energy demand boost the market, Technavio

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NEW YORK, June 24, 2024 /PRNewswire/ — The global gasification market size is estimated to grow by USD 116.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.36%  during the forecast period. Rise in global energy demand is driving market growth, with a trend towards rise in global coal production. However, high operating and maintenance costs  poses a challenge. Key market players include Air Liquide SA, Air Products and Chemicals Inc., Andritz AG, Basin Electric Power Cooperative, CASE GROUP, China National Chemical Engineering Co. Ltd., Chiyoda Corp., EQTEC Plc, General Electric Co., KBR Inc., Larsen and Toubro Ltd., Linde Plc, McDermott International Ltd., Mitsubishi Heavy Industries Ltd., Oil and Natural Gas Corp. Ltd., Shell plc, Siemens AG, Synthesis Energy Systems Inc., ThermoChem Recovery International Inc., and thyssenkrupp AG.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Gasification Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 116.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.1

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key countries

China, US, Germany, India, and UK

Key companies profiled

Air Liquide SA, Air Products and Chemicals Inc., Andritz AG, Basin Electric Power Cooperative, CASE GROUP, China National Chemical Engineering Co. Ltd., Chiyoda Corp., EQTEC Plc, General Electric Co., KBR Inc., Larsen and Toubro Ltd., Linde Plc, McDermott International Ltd., Mitsubishi Heavy Industries Ltd., Oil and Natural Gas Corp. Ltd., Shell plc, Siemens AG, Synthesis Energy Systems Inc., ThermoChem Recovery International Inc., and thyssenkrupp AG

Market Driver

The global gasification market is anticipated to experience growth due to the increasing coal production worldwide. China, as the largest coal producer, is a significant contributor to this trend. The relaxation of import restrictions in China has stimulated production in countries like Indonesia and the US. Furthermore, Russia and India are also increasing their coal output, aligning with their governments’ goals to reduce coal imports. This rising coal production is expected to positively impact the gasification market during the forecast period. 

The Gasification market is experiencing significant growth, driven by the increasing demand for sustainable energy solutions. Fuel and feedstocks, such as biomass and coal, are commonly used in gasification processes. These processes convert organic materials into synthetic gas, which can be utilized for power generation and industrial applications. The use of Chemicals and chemicals in the process is crucial for efficient gasification. Power and thermochemical processes are trending in the industry, with an emphasis on reducing greenhouse gas emissions. Carbon monoxide and hydrogen are key components of synthetic gas, making gasification an attractive option for decarbonization efforts. The market is expected to continue growing, with an increasing focus on improving efficiency and reducing costs. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The gasification market faces challenges due to the high costs associated with waste-to-energy methods like incineration and landfilling. Incineration plants require substantial investments and ongoing expenses, which can be influenced by factors such as plant size, local infrastructure, design, energy utilization, and waste disposal. Landfilling costs also vary based on location. These expenses may hinder the adoption of efficient gasification processes and limit market growth during the forecast period.The gasification market faces several challenges in the combustion industry. Technological difficulties in achieving high efficiency and low emissions remain a concern. Carbon monoxide and dioxide production are significant issues that need to be addressed. The use of catalysts and proper temperature control is essential to minimize these gases. The cost of implementing and maintaining gasification systems is also a challenge for many businesses. Additionally, the availability and cost of feedstocks can impact the profitability of gasification projects. Proper planning and careful consideration of these factors are crucial for success in the gasification market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This gasification market report extensively covers market segmentation by  

Feedstock 1.1 Coal1.2 Biomass/waste1.3 Natural gas1.4 PetroleumApplication 2.1 Chemical2.2 Liquid fuel2.3 Gaseous fuel2.4 PowerGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Coal-  The International Energy Agency reports a 1.4% increase in global coal demand in 2023, driven by economic growth. Countries aim for net-zero emissions, but coal gasification offers a solution. This technology converts coal into clean chemicals, fuels, power, and blends, reducing environmental impact. Economically, coal gasification is more cost-effective than offshore wind power, making it an attractive clean energy choice, particularly in developing economies.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Gasification Market encompasses various types of gasifiers, including fixed bed, entrained-flow, and fluidized-bed gasifiers. These technologies convert carbonaceous raw materials, such as biomass/waste, coal, and petroleum into Syngas (a mixture of hydrogen, carbon monoxide gas, and other impurities like carbon dioxide and water). The resulting Syngas can be utilized in multiple sectors: Chemical segment for producing fuels like Ammonia and Methanol; Liquid fuel segment for upgrading Syngas into transportation fuels; Power segment for generating electricity; and Gaseous fuel segment for direct use as fuel. The Gasification Market is significantly influenced by industrialization and urbanization trends, with increasing demand for cleaner and more efficient energy sources. According to the BP Statistical Review, the global gas consumption for power generation and industrial processes has been growing steadily, with natural gas and coal being the primary feedstocks. The Gasification Market is expected to continue expanding due to the increasing focus on thermochemical conversion processes for producing Hydrogen as a low-carbon fuel.

Market Research Overview

The Gasification market refers to the global industry dedicated to the conversion of organic materials into synthetic gas through the process of gasification. This process involves the partial oxidation of carbon-containing materials in the absence of oxygen, resulting in a synthetic gas called synthesis gas or producer gas. The generated gas can be further processed to produce hydrogen, methanol, or other chemicals. The Gasification market is driven by the increasing demand for cleaner and more efficient energy sources, as well as the growing focus on reducing greenhouse gas emissions. The market is segmented based on feedstock type, technology type, and application. Feedstocks include biomass, coal, and natural gas, while technologies include fixed bed, fluidized bed, and entrained flow. Applications include power generation, chemical production, and industrial processes. The Gasification market is expected to grow significantly in the coming years due to its ability to provide a sustainable and versatile energy solution.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

FeedstockCoalBiomass/wasteNatural GasPetroleumApplicationChemicalLiquid FuelGaseous FuelPowerGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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My Date with Rural China—-VOC.com.cn Unveils Season Two of I Am in Rural China

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CHANGSHA, China, Dec. 28, 2024 /PRNewswire/ — Modern China’s rural revitalization strategy is crafting a remarkable narrative of transformation across the countryside, while progressive opening-up policies encourage foreign visitors to delve deeper into the nation’s heartland. On December 26th, VOC.com.cn premiered the second season of its acclaimed series, I Am in Rural China. The show follows Teona Kvartskhava, an international guest, as she explores the villages of Hunan Province, offering viewers a firsthand look at the dynamic implementation of comprehensive rural revitalization. This captivating series invites a global audience to witness the dawn of a new era in China’s rural landscapes, showcasing the country’s evolving countryside to viewers worldwide.

Rice field came as the first surprise. Hunan is the largest rice grower and producer in China. Hunan provides the high-quality and tasty rice. Teona Kvartskhava, a foreigner hardly feeding on rice, was tempted to have plenty of it. In Qunle Village, Lixian County, Changde, she also experienced “Double Rush”, which is a time-honored agricultural event in China. An event that used to call for the joint efforts of all family members, has now become much easier thanks to technology.

Departing from Lixian County for the moment, Teona Kvartskhava embarked on an exciting trip of tastes in Rucheng, Chenzhou, Southern Hunan. Hunan people are keen and expert on peppery food and spicy taste dominates the Hunan cuisine. Hunan is also rich in varieties of peppers. Jingpo town, a well-known town where spicy food prevails. It is a producer of red cluster pepper, officially one of the hottest peppers in China. From the crowded market, to the red and yellow pepper planting base, and then to the modern processing pepper workshop, the small cluster pepper strung up all corners of the town, so that the original ordinary mountain town has become extraordinarily lively and affluent.

Of course, the “star” of the countryside here is not only agriculture, but also culture, which has also blossomed in this ancient land. As the birthplace of papermaking, China has preserved a unique handmade papermaking technique, which is used to make some “special” papers. In Shanghong Village, Liuyang, Teona Kvartskhava was lucky to meet two Chinese masters, who showed her hands-on experiences of “Gushan Tribute Paper” and “Floral Paper”. As the process progresses, the paper took shape in her hands, as if history and culture were meeting in front of her eyes, and became the “first paper” in Teona Kvartskhava’s life.

So,What’s rural China like? It’s about hospitable peasants, about various agricultural produce, about profound history and culture, about colorful intangible cultural heritage. It’s like a book telling numerous absorbing stories. Hopefully Teona Kvartskhava’ll be luckier to visit more villages for their unique interest and charm.

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SOURCE voc.com.cn

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