This Report Carbon Capture Sequestration Market Will Help You Get on a Conclusion That Works

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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Industrial Application the fastest growing segment of carbon capture and sequestration

The industrial application segment is expected to grow at the highest CAGR during the forecast period. Industrial processes such as cement production, natural gas processing facilities, food & beverage manufacturing emit huge amount of greenhouse gas, and hence, the demand for carbon capture and sequestration technology is expected to increase in industries to reduce emissions.

Capture Service the largest segment in the carbon capture & sequestration market

The capture segment occupied the largest market share in the carbon capture & sequestration market in 2015. The segment has further been segmented into pre-combustion, post-combustion, and oxy-fuel. In 2015, the pre-combustion segment held the largest market share, owing to increase in number of projects.

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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.

The carbon capture & sequestration market has also been classified based on application into EOR process, industrial, agricultural, and others. The demand for EOR process is expected to increase during the forecast period, due to its usage in a wide range of applications in the oil & gas industry.

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North America to dominate the market

In this report, the carbon capture & sequestration market has been analyzed with respect to six regions, namely, North America, Africa, Asia-Pacific, South America, Europe, and the Middle East. North America is estimated to dominate the market, owing to factors such as more number of coal- and gas-fired power plants, which emit more greenhouse gases when compared with other sources of power generation. Furthermore, Supreme Court of the United States has proposed a carbon trading scheme, named US Clean Power Plan on February 2016, which is expected to be implemented from 2017.

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