The Carbon capture & sequestration market is estimated to reach about $6.8 billion by 2019, signifying a firm growth rate of over 27.18% from 2013 to 2019.
Dallas, TX -- (SBWIRE) -- 06/27/2014 -- The report “Carbon Capture & Sequestration market by Service (Capture, Transport & Sequestration) Technology (Post-combustion, Pre-combustion, Oxy-fuel combustion & Industrial separation) and Geography - Global trends & forecast to 2019” , defines and segments the global carbon capture sequestration services market with analysis and forecasts of global revenue. The carbon capture sequestration market is estimated to grow from over $1.78 billion in 2013 to nearly $6.81 billion by 2019, at a CAGR of over 27.18%.
Browse 67 market data tables, 49 figures spread through 223 pages and in-depth TOC on “Carbon Capture & Sequestration Market - Global trends & forecast to 2019”
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Increased research, exploration activities and investment drive the need for effective carbon capture sequestration practices. The demand for enhancedoil recovery strategy escalates sequestration activities that sequentially generate associated carbons, which are required to be safely captured and then transported. Stringent environmental regulations play a key role in the growth of carbon capture sequestration services within a region.
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Americas being one of the most developed Pre Combustion arenasisalready established at the federal level.The Environmental Protection Agency (EPA) and the Department of Transportation issued regulations establishing carbon emission standards and fuel efficiency standards for medium and heavy-duty engines and vehicles. In Europe, the region is an authoritative source of knowledge in most aspects of CCS technology and deployment. A European Commission Directive mandates that Members States institute legal and regulatory frameworks for CCS.
Key companies carbon capture sequestration market are Shell Cansolv (Canada), Siemens (Germany), Hitachi (Japan), Schlumberger (U.S.), Honeywell’s UOP (U.S.) and Mitsubishi Heavy Industries (Japan).
The leading companies in the carbon capture sequestration market focus on the growth of their industrial expansions with the key objective of serving power and gas companies. Thus, from 2010 to 2014, the contract agreements lead the growth strategies, accounting for around a share of 46 %.
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