The Secret Weapon For 8.05 Billion USD Worth Carbon Capture Sequestration Market 2021: Trends and Hi

Author: Akshay Mehta

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

  • To define, describe, analyze, and forecast the global carbon capture & sequestration market based on application, service, and region
  • To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the carbon capture & sequestration market with respect to individual growth trends and future prospects
  • To identify the major stakeholders in the carbon capture & sequestration market and draw a competitive landscape for market leaders
  • 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
  • To analyze market opportunities for stakeholders by identifying high-growth segments of the carbon capture & sequestration market
  • To track and analyze recent developments such as expansions, new product launches, mergers & acquisitions, and contracts & agreements in the global carbon capture & sequestration market

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Research Methodology

  • 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.

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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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