Lewes, DE -- (SBWIRE) -- 02/01/2017 -- Report forecast the global carbon capture and storage market to grow at a CAGR of 9.18% during the period 2017-2021.

The use of CCS technology is one of the novel ideas that help reduce the amount of CO? released into the atmosphere by fossil fuel-dependent industries such as power generation and oil and gas processing. The basic functioning of the CCS technology includes capturing the CO before its release into the atmosphere and then transporting and storing it in an environmentally safe location.

The report covers the present scenario and the growth prospects of the global carbon capture and storage market for 2017-2021. To calculate the market size, the report analyzes business dimensions with an eye on individual growth trends and contribution of upcoming market segments.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is growing demand to reuse CO?. The growing demand for the reuse of CO? will drive the growth of the global CCS market in the future. The below-mentioned projects will enhance the use of CO?. In addition, the diversification of CO?generation sources for CCS is essential in encouraging power utility companies to integrate CCS technologies into their projects.

Further, the report states that one of the major factors hindering the growth of this market is risks associated with CCS. CCS has its own share of public apprehensions associated with it, as is the case with any emerging technology. The most significant of these apprehensions is related to the potential leakage hazards associated with the dedicated storage facilities. Although not established till now, many questions are being raised regarding the impact of leakage of stored CO?. This doubt if proven true will counter the whole purpose of implementing the CCS project, which is reducing the effectiveness of CCS as an option for climate change mitigation.

Global Carbon Capture and Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global carbon capture and storage market: Babcock & Wilcox, ENGIE, GE Power, The Linde Group, and Mitsubishi Heavy Industries.

Other Prominent Vendors in the market are: Air Products and Chemicals, Aker Solutions, Amec Foster Wheeler, Chevron, Fluor, Hitachi, Net Power, Schlumberger, Shell, Siemens, Statoil, and Sulzer.

Market driver
- Growing demand to reuse CO?
- For a full, detailed list, view our report

Market challenge
- Risks associated with CCS
- For a full, detailed list, view our report

Market trend
- Growing popularity of CCS projects in developing nations
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 86 pages and 37 Exhibits "Global Carbon Capture and Storage Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Market segmentation by technology, Market segmentation by application, Market segmentation by transportation, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-carbon-capture-and-storage-market-2017-2021

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