Carbon Capture and Sequestration Market to Grow 13.4% by 2021 – Projected to Reach USD 8.05 Billion – Research and Markets

Research and Markets has announced the addition of the "Carbon Capture and Sequestration Market by Service type, by Application, and by Region - Global Trends and Forecast to 2021" report to their offering.

The carbon capture and sequestration market is projected to reach USD 8.05 billion by 2021, growing at a CAGR of 13.4% during the forecast period. The growing demand for the reduction of greenhouse gas (GHG) and increasing demand for CO2-EOR techniques are acting as the drivers for the carbon capture and sequestration market

In terms of market, by application, the EOR Process for the carbon capture and sequestration market covered largest market share in 2015. Earlier, most of the CO2 used for EOR techniques was recovered from naturally-occurring reservoirs. However, now-a-days, new technologies are being developed in order to produce CO2 from industrial applications such as ethanol, fertilizer, hydrogen plants, and natural gas processing where naturally-occurring reservoirs are not available. EOR techniques include thermal recovery, gas injection, and chemical injection. This creates demand for carbon capture and sequestration market.

However, low natural gas prices have led to large expansion in the nation's gas-fired power plants, whose capacity has more than doubled in the decade leading up to 2012.

Companies Mentioned:

• Aker Solutions
• Exxonmobil Corporation
• Fluor Corporation
• General Electric
• Halliburton
• Hitachi, Ltd.
• Honeywell International Inc.
• Linde AG
• Mitsubishi Heavy Industries, Ltd.
• Schlumberger Limited
• Shell Global
• Siemens AG

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Carbon Capture & Sequestration Market, By Application

7 Carbon Capture & Sequestration Market, By Service

8 Carbon Capture & Sequestration Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/znntpq/carbon_capture

Related Topics: Carbon Emissions and Capture

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