Carbon Capture Sequestration Market Size Will Escalate Rapidly in The Near Future
The report "Carbon Capture and Sequestration Market by Service type (Capture (Pre-Combustion, Post-Combustion, & Oxy-Fuel), Transport, and Sequestration), by Application (EOR, Industrial, and Agricultural), and by Region - Global Trends and Forecast to 2021", The carbon capture & sequestration market is projected to grow from an estimated USD 4.25 Billion in 2016 to USD 8.05 Billion by 2021, at a CAGR of 13.6% from 2016 to 2021. Factors such as growing demand for power & CO2-EOR techniques and rising environmental concerns across the globe are driving the market.
The report segments the carbon capture & sequestration market based on services into capture, transport, and sequestration. The capture segment recorded the largest market size in 2015. This segment has further been segmented into pre-combustion, post-combustion, and oxy-fuel. Pre-combustion segment held the largest market size in 2015, given an increase in the number of pre-combustion projects.
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Objectives of the Study
o
To define, describe, analyze, and forecast
the global carbon capture & sequestration market based on application,
service, and region
o
To provide detailed information on major
factors influencing the growth of the market (drivers, restraints,
opportunities, and industry-specific challenges)
o
To strategically analyze the carbon capture
& sequestration market with respect to individual growth trends and future
prospects
o
To identify the major stakeholders in the
carbon capture & sequestration market and draw a competitive landscape for
market leaders
o
To project the market size of the carbon
capture & sequestration market and its segments in key regions, namely,
North America, Africa, Asia-Pacific, South America, Europe, and the Middle East
o
To analyze market opportunities for
stakeholders by identifying high-growth segments of the carbon capture &
sequestration market
o
To track and analyze recent developments such
as expansions, new product launches, mergers & acquisitions, and contracts
& agreements in the global carbon capture & sequestration market
·
Analysis of key operational and upcoming
carbon capture and sequestration projects across the globe, along with capacity
·
Analysis of carbon emission levels in each
sector, in every country for the past 3 years
·
Analysis of operation and upcoming coal-fired
and natural gas-fired power plants across various countries
·
Major regions have been identified along with
countries contributing to the maximum share
·
Secondary has been conducted to find out
investments in R&D and emission control across countries
·
Revenue of top companies (regional/global)
and industry trends along with top-down, bottom-up, and MnM KNOW have been used
to estimate the market size
·
The overall market size has been finalized by
triangulating the supply-side data, which include product development, supply
chain, and annual generator sales across the globe.
North America held the largest market share, followed by Asia-Pacific and the Middle East. In 2015, the U.S. dominated the North American carbon capture & sequestration market. This can be attributed to government support, followed by presence of more coal- and gas-fired power plants. Meanwhile, the market is estimated to grow the fastest in Asia-Pacific, owing to more number of coal-fired power plants. The figure given below indicates the market size of various regions by 2021, with their respective CAGRs.
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