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

The Global Carbon Capture & Sequestration Market is projected to reach USD 8.05 billion by 2021, at a CAGR of 13.6% from 2016 to 2021. This growth can be attributed to rising environmental concerns across the world and increasing demand for CO2-EOR techniques.
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.
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 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.

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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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Key Player Analysis:
Some of the leading players in the carbon capture & sequestration market include Fluor Corporation (U.S.), Linde AG (Germany), Shell CANSOLV (USA), Siemens (Germany), and Mitsubishi Heavy Industries (Japan), among others. Contracts & agreements was the most commonly adopted strategy by the top players in the market, followed by expansions and other developments.

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