Dallas, Texas (PRWEB) June 02, 2015
The global carbon capture and storage market in energy 2015-2019 report, says carbon capture and storage and other carbon-abatement technologies are necessary to mitigate the adverse environmental effects of power generation which boost the market to grow at a CAGR of 31.63% during 2014-2019.
The complete report spread across 107 pages and provides 45 Exhibits. Browse Global Carbon Capture and Storage Market in Energy 2015-2019 report at http://www.reportsnreports.com/reports/401115-global-carbon-capture-and-storage-market-in-energy-2015-2019.html.
Salvaging and reusing CO2 is a major contributing factor that drives market growth for the global carbon capture and storage market in energy. Additionally, the usage of carbon capture and storage technology in combination with integrated gasification combined cycle renders carbon capture and storage projects more effective in terms of efficiency, capacity, and return on investment. Carbon capture and storage technology is expected to emerge as a "clean" technology that reduces GHG emissions. IGCC plants equipped with carbon capture and storage technology are cost-effective and profitable in terms of efficiency, capacity, and return on investment. The integration of carbon capture and storage with IGCC will reduce costs and make the technology economically viable. The integration of these technologies will help the market overcome commercialization issues.
The use of carbon capture and storage technology can reduce emissions from power and oil and gas projects by 80%-90%, thus increasing the reuse of CO2.This factor has encouraged CO2 emitters to adopt carbon capture and storage technology, as any violation of environmental regulations could invite heavy penalties. According to the Global Carbon Capture and Storage Market in Energy 2015-2019 report, investments in R&D for next-generation capture technologies has increased over the years. Government initiatives promoting carbon capture and storage technology are also contributing to the growth of the market. Both the public and the private sectors are investing heavily in testing and commercializing low-carbon technology to reduce carbon costs and protect the environment. Advances in energy technologies and in carbon capture and storage technology are enabling the development of cost-effective solutions that tackle the global issue of climate change by reducing carbon emissions.
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The report includes the segmentation of the global carbon capture and storage market on the basis of technology, sector (Power, Oil and Gas), storage type, and geography.
Key Market Drivers:
- Dependence on Fossil Fuels for Energy Needs and Abundant Supply.
- Growing Demand for Reuse of CO2.
- Growing Investments and Advances in Technology.
Key Market Trends:
- Integration of Carbon Capture and Storage with IGCC.
- Rising Environment Concerns.
Key Leading Countries:
The following companies are the key players in the global carbon capture and storage market in energy: GDF Suez, GE Energy, Schlumberger, Shell Cansolv and The Linde Group.
Other Prominent Vendors in the market are: Aker Clean Carbon, Alstom, Chevron, Fluor, Hitachi, Mitsubishi Heavy Industries, Siemens Energy and Southern.
The Global Carbon Capture and Storage Market in Energy 2015-2019 report states the slow development of carbon capture and storage technology and the slow rise in demonstration projects that create awareness about this technology are a result of the low financial support given by governments and companies for energy generation projects.
Global Flue Gas Desulfurizer (FGD) Market 2014-2018: Analysts forecast the Global Flue Gas Desulfurizer market to grow at a CAGR of 5.80% over the period 2013-2018.
The Global Flue Gas Desulfurizer market can be divided into two product segments: Greenfield and Retrofit.
The Global Flue Gas Desulfurizer Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global region; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors: Alstom, General Electric, Mitsubishi Heavy Industries, Siemens and The Babcock & Wilcox Company
Other Prominent Vendors: Burns & McDonnell, Ducon Technologies, Hamon RC, Marsulex Environmental Technologies (MET), Thermax. D and Transparent Technologies.
Key Market Driver: Increased Demand for Electricity
Key Market Challenge: High Installation Cost
Key Market Trend: Emergence of New Technologies
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