“Global Carbon Capture and Storage Market Professional Survey Report 2017” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
According to Stratistics MRC, the Global Carbon Capture and Storage market is expected to grow from $2.253 billion in 2016 to reach $4.205 billion by 2022 with a CAGR of 10.9%. Rising demand for Co2-EOR new techniques, increasing number of environmental issues are propelling the market growth. However, huge initial cost required in implementing carbon capture technologies and strict regulations are some of the factors hindering the market growth.
Based on the end user segment, power and oil and gas segment leads the market globally and the growth of this segment is attributed to rising focus of emerging countries in minimizing co2 emissions during power generation. On the other hand, in application segment enhanced oil recovery (EOR) process is expected to grow with a high CAGR during the forecast period. The growth of this segment is rising as c02 is widely used in oil and gas companies to reduce gas pressure. North America leads the market globally due to the growing number of oilfields in this region.
Some of the key players in global carbon capture and storage market include Siemens AG, Mitsubishi Heavy Industries Ltd, Hitachi Ltd, Aker Solutions, Fluor Corporation, Honeywell International Inc, Linde AG, Exxonmobil Corporation, General Electric, Halliburton, Schlumberger Limited, Shell Global, Statoil, Dakota Gasification Company, and Japan CCS Co., Ltd.
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The research report, titled Global Carbon Capture and Storage Market, is an analytical study of the Global Carbon Capture and Storage market, aided by an in-depth analysis of the performance of the market, both historically and in recent times using efficient analytical tools such as market feasibility and investment return to find out market attractiveness and to make future projections about this industry. The results that these analyses provide assist in determining a complete picture of how the market has developed so far. It also presented the winning strategies of major market players and worthy plans that can be implemented for business expansion during the forecast period.
The report evaluates the regional segmentation along with the competitive landscape in the Global Carbon Capture and Storage industry. Market segmentation based on various verticals has also been analyzed in this report to reach an accurate conclusion. The report is categorized into several sections that deal with various aspects of the Global Carbon Capture and Storage market, such as the industry chain, regulations and policies encouraging the market to grow and various segments of the Global Carbon Capture and Storage market.
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