Key players in the Asia-Pacific Carbon capture & Sequestration Market are Mitsubishi, Hitachi, Schlumberger & others.
(PRWEB) September 21, 2014
The global pre-combustion carbon capture market report defines and segments the concerned market with analysis and forecast of revenue. The market is valued at $1,259.5 million in 2014 and is estimated to grow at a CAGR of 23.3% from 2014 to 2019.
Browse through the TOC of the global pre-combustion carbon capture market report to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
Pre-combustion carbon capture technique involves separating carbon from the fuel before combustion, and disposing carbon dioxide in the liquid form while the remaining hydrogen gas is used for combustion purpose. The resulting by-products are water vapor and nitrogen gas which are safe to the environment.
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The industrial activities that give rise to harmful green house gases are expanding at an alarming rate. Carbon dioxide is one of the major components in the green house gas emissions. Therefore, to alleviate the amount of carbon emissions, the demand for carbon dioxide capture techniques are growing worldwide.
Integrated gasification combined cycles (IGCC) technology which essentially involves gasification of coal before its combustion is gaining importance, as it removes impurities from the carbon based fuels and lowers harmful gas emissions. The upcoming power plants are adopting the technology to achieve lower emission standards. The increasing use of IGCC technology is a boosting factor for the pre combustion carbon capture market.
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The pre-combustion carbon capture market is segmented and forecast based on geography, including the Americas, Europe, the Middle East & Africa, and Asia-Pacific.
This report includes the market share and value chain analyses, along with the market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
Browse through the market data tables, figures and detailed ToC on the “Asia-Pacific Carbon capture & Sequestration Market” at http://www.micromarketmonitor.com/market/asia-pacific-carbon-capture-sequestration-9786205662.html
Europe Carbon capture & Sequestration Market
Europe’s carbon capture & sequestration market is the growing market valued at $69.5 million in 2013 and is forecasted to reach $862.4 million by 2019, growing at a highest CAGR of 65.5% from 2014 to 2019. Currently, the pre-combustion technology is the only technology implemented in this region.
The report “Europe Carbon Capture & Sequestration Market forecast, 2014-2019” analyses by the types of technology and geography. In term of geography, this region is segmented into France, Netherlands, Norway, U.K and others. The technologies include industrial separation, oxy- fuel combustion capture, post combustion capture and pre-combustion capture.
Strict government policies and mitigating climate change & development 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.
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