Transparency Market Research has published a new report "Underground Coal Gasification Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 - 2023" to its report store.
Albany, NY -- (SBWIRE) -- 05/04/2016 -- A new market research report by Transparency Market Research, titled "Underground Coal Gasification Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 – 2023," offers a comprehensive overview of the global underground coal gasification market. The report takes into consideration the various micro- and macro-economic factors impacting the growth of the global underground coal gasification market and projects the valuation of the market by 2023. The overall market has been studied on the basis of technology and regions. The profiles of some of the prominent players in the market have been included in the report.
Browse Underground Coal Gasification Market Report with Full TOC at: http://www.transparencymarketresearch.com/underground-coal-gasification-market.html
The production of coal has increased in the past few decades and is expected to surge in the future. Traditional technologies are becoming obsolete for mining coal from the majority of the reserves. Underground coal gasification has emerged as an economic and safe method to convert the unused coal across reserves into syngas that can be utilized to produce power without mining the coal.
Environmental regulations, reduced cost of plant installation, lower capital requirement, and the usage of unused coal in deep reserves are some of the primary factors driving the global underground coal gasification method. However, drilling activities and contamination of ground water negatively affect the nearby areas of underground coal gasification sites. The presence of large coal deposits across South Africa and India holds potential for the growth of the market during the forecast period.
There are several factors that determine the quality of gas produced such as coal properties, feed conditions, pressure under the coal seam, and the heat and the mass under the coal seam. On the basis of technology, the global underground coal gasification market has been broadly categorized into shaft underground coal gasification method and the shaft-less underground coal gasification method. The shaft underground coal gasification method is the most widely used method across closed coal mines owing to safety and economic reasons. However, recently the shaft-less underground coal gasification method that works on the principle of directional drilling has gained popularity.
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The report studies the global underground coal gasification market across five regions: the Middle East and Africa, Europe, Asia Pacific, North America, and Latin America. In Asia Pacific, China has around 30 projects in different phases for underground coal gasification. While Canada and the United States are driving the growth of the market in North America, the U.K. and Russia have significantly contributed towards the growth of the Europe underground coal gasification.
The report profiles some of the key players in the global underground coal gasification market such as Sasol Limited, Linc Energy, Cougar Energy Limited, Errgo Exergy Technologies Inc., Eskom Holdings SOC Limited, and Wild Horse Energy. Detailed information about the key players including their financial overview and product portfolio has been included in the report.
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