Underground Coal Gasification Market: Asia-Pacific Industry Analysis, Growth and Forecast Till 2020 by FMI

London, UK -- (ReleaseWire) -- 05/20/2015 -- 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.