This Asia Pacific Underground Coal Gasification Market market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Asia Pacific Underground Coal Gasification Market market.
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and supply of energy. Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and accounts to 42% of total world electricity production; the year on year growth for coal consumption was highest in FY 2013, making it the highest since 1970. The demand for coal consumption is increasing every year thereby leading to depletion of coal reserves at an alarming rate. Moreover, most regions are economically unviable to extract coal from its bed. It is due to this reason that companies are looking for alternative solution that can lead to harnessing the total potential of coal, without disturbing the ecological balance.
Underground coal gasification (UCG) is an industrial process by which coal is gasified under intense heat and atmospheric pressure. This enables the production of synthetic gas, constituents of carbon monoxide and hydrogen, which are extracted through a well and utilized in various sectors, ranging from power generation to biodiesel and fertilizer production. Though this concept is not new to the market, little progress has been achieved in this sector, primarily due to low R&D. However, with growing energy consumption and fluctuating oil prices, industries are focusing on UCG to offer clean, efficient and cost-effective energy to various industries.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Next prominent market is India. In India, mining contributes 10% of India’s GDP. With vast coal reserves, India is looking towards harnessing coal without disturbing ecological balance. There are also some sites which are economically nonviable to mine. Though India’s untapped 88.6 billion tonnes of non-metallurgical coal is found at a depth of 300 to 1200 metre is economically nonviable; UCG makes it economically sound option. Coal India Limited is trying to push the UCG technology to harness the coal in Kaitha (Jharkhand) and Thesgora (Madhya Pradesh) area. These two promising region is expected to generate high return on investment (ROI) by FY 2025.
Next prominent destination is Australia. In Australia, most companies are undertaking R&D to fully harness the concept of UCG. At present, three major UCG trials is being conducted by Linc Energy, Cougar Energy, and Carbon Energy at Queensland. Australian government is paying a vigil eye on these projects until the technology is commercially proven.
SinoCoking Coal, Cougar Energy, Carbon Energy, Linc Energy, and ONGC are key market players that have conducted pilot projects on UCG technology.
Future is optimistic for underground coal gasification. With major innovations going around globally, it is expected to meet the needs of people in oil shortage region. Regions including APAC, and Africa will be a future market for underground coal gasification segments.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market geographies, End user industry etc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Regional analysis includes:
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