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Carbon capture and sequestration market by technology covers industrial separation carbon capture, oxy-fuel combustion carbon capture, post-combustion carbon capture, and pre-combustion carbon capture. http://www.micromarketmonitor.com/market/americas-carbon-capture-sequestration-5472901772.html
(PRWEB) June 30, 2014
The purpose for Carbon Capture and Sequestration (CCS) is to enable the continued use of fossil fuels in a carbon-emissions-inhibited world. Industries worldwide are now investing in carbon emission reduction technologies, so as to regulate limits, taxation, and price settings of carbon dioxide emissions as a result of the Greenhouse Gas (GHG) pollutant spur. Improvements are being made currently for energy efficiency, and also for those industries that have largely produced carbon emission reduction facilities in the past decade. CCS technologies are now being adopted by oil & gas and coal-fired power plants in the fuel transformation and gas processing sectors, and in emission-intensive sectors, like cement, iron and steel, and chemicals manufacturing.
The American market had the largest share of around 84% in the global carbon capture and sequestration market in 2013. America is the largest market in terms of value, and is expected to grow from an estimated $1,001.2 million in 2013 to $2,643.0 million by 2019, at a CAGR of 17.4%. America had the highest share in the carbon capture and sequestration market in 2013. Growing climatic concerns speed up the market in developed countries. Strict government policy is driving the growth of carbon capture and sequestration market in this region. The U.S. is the major country that dominates the America carbon capture and sequestration market. It accounted for around 85% market share in 2013.
Browse through the market data tables, figures and detailed ToC on the Americas Carbon capture & Sequestration Market.
European Carbon capture & Sequestration Market
The Europe had a share of around 6% in the global carbon capture and sequestration market in 2013. This market is expected to grow from an estimated $69.5 million in 2013 to $862.4 million by 2019, at the highest CAGR of 66%. Strict government policies and mitigating climate change, in addition to developmental activities are driving the growth of carbon capture and sequestration market in this region. Norway is a key market of carbon capture and sequestration in the European region.
MEA Carbon capture & Sequestration Market
The Middle East and Africa had a share of 11% in the global carbon capture and sequestration market in 2013. Middle East and Africa had second-largest market share in the carbon capture and sequestration in 2013. Middle East and Africa is expected to grow from an estimated $122.6 million in 2013 to $273.7 million by 2019, at a CAGR of 17.4%. Algeria is a key market of carbon capture and sequestration in the Middle East and African region.
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