A recent report published by Infinium Global Research on CCS in power generation market provides in-depth analysis of segments and sub-segments in the global as well as regional CCS in power generation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional CCS in power generation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global CCS in power generation market. According to the report, the global CCS in power generation market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
The tremendous global carbon emission leads to serious impacts and large cost. Many negotiations regarding carbon emission reduction have been done and some parameters should be concerned to reduce the emissions firmly. For reduction, the industries should be equipped with capture and storage systems, energy use efficiency improvement and geoengineering schemes for reduction of carbon. This carbon can be utilized for agricultural, industrial purposes so that the level of emission might be minimal. Since, the techniques are in the theoretical approach, before the implementation of experimental involvement it is necessary to use low carbon fossil products to reduce the emissions and by the way to maintain environmental stability. The present designs of CCS are specific for the applications. A universal scalable mechanism will cover the way for the maximum capture of CO2 and carbon-free environment.
The increasing energy demand across the globe is the major driving factor of the CCS in power generation market. Furthermore, factors such as reduction of consumption of coal in emerging countries, technological advancement in the manufacturing unit to reduced emission rates are other driving factors for the market. The serious concern about the rising CO2 emission and growing energy demands are fueling the growth of the market. However, the high cost of carbon capture and storage technology is restraining the growth of the market. Moreover, augmenting prominence for bioenergy carbon capture and storage (BECCS) is expected to provide growth opportunities to the market players.
Geographically, North America dominates the global CCS in power generation market owing to increasing demand for clean technology. The US holds a large market share of the market in North America. The North America region has the highest number of CCS projects. The U.S. has 16 of the 22 operational or under construction projects and has the largest capture capacity, across the world.
The report on global CCS in power generation market covers segments such as technology, applications, and end-user. On the basis of technology, the sub-markets include pre-combustion, post-combustion, and Oxy-fuel combustion. On the basis of applications, the sub-markets include enhanced oil recovery (EOR), agriculture, and Industrial. On the basis of end-user, the sub-markets include iron steel, oil & gas, and chemical.
The report provides profiles of the companies in the market such as Air Liquide S.A., Aker Solutions ASA, Dakota Gasification Company, Exxon Mobil Corporation, Fluor Corporation, General Electric Company, Halliburton Company, Honeywell International Inc., Japan CCS Company, LanzaTech Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of CCS in power generation market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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