Global Gasification Market to Reach 349.3 Thousand MW by 2027
Amid the COVID-19 crisis, the global market for Gasification estimated at 176.9 Thousand MW in the year 2020, is projected to reach a revised size of 349.3 Thousand MW by 2027, growing at a CAGR of 10.2% over the period 2020-2027.
The U.S. Market is Estimated at 47.8 Thousand MW, While China is Forecast to Grow at 13.5% CAGR
The Gasification market in the U.S. is estimated at 47.8 Thousand MW in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 74.3 Thousand MW by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.We bring years of research experience to this 6th edition of our report. The 134-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Air Liquide SA
- General Electric Company
- KBR, Inc.
- Mitsubishi Heavy Industries Ltd.
- Royal Dutch Shell PLC
- Siemens AG
- ThyssenKrupp AG