Gasifier Market Has Witnessed Strong Growth as the Need for Energy in the Form of Electricity
Gasifier is an equipment that is used to convert carbonaceous or organic materials into hydrogen, carbon monoxide, and carbon dioxide. The resulting mixture is synthesis gas (syngas) and other end products is used in various end-use industries such as transportation, power generation, chemical, and fertilizers. The global market for gasifiers is largely supplemented by growing popularity of biomass energy. However, the high capital investment required for the installation of gasifiers is hampering the growth prospects of the market.
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