The report "Carbon Capture and Sequestration Market by Service type (Capture (Pre-Combustion, Post-Combustion, & Oxy-Fuel), Transport, and Sequestration), by Application (EOR, Industrial, and Agricultural), and by Region - Global Trends and Forecast to 2021", The carbon capture & sequestration market is projected to grow from an estimated USD 4.25 Billion in 2016 to USD 8.05 Billion by 2021, at a CAGR of 13.6% from 2016 to 2021. Factors such as growing demand for power & CO2-EOR techniques and rising environmental concerns across the globe are driving the market.

Carbon capture sequestration in the current scenario is becoming the key concern for investment in energy and industrial sector due to excessive carbon emissions present in the atmosphere. Industries worldwide are now investing in carbon emissions reduction technologies to regulate limits, taxation, and price setting of carbon dioxide emissions because of greenhouse gas (GHG) pollutant spur. Improvements are being made currently for energy efficiency and also for those industries that have largely produced the carbon emissions reductions facility in the past decade. CCS technologies are now adopted by biomass and gas power plants, in the fuel transformation and gas processing sectors, and in emissions-intensive sectors like cement, iron and steel, and chemicals manufacturing.

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Industrial Application the fastest growing segment of carbon capture and sequestration

The industrial application segment is expected to grow at the highest CAGR during the forecast period. Industrial processes such as cement production, natural gas processing facilities, food & beverage manufacturing emit huge amount of greenhouse gas, and hence, the demand for carbon capture and sequestration technology is expected to increase in industries to reduce emissions.

Capture Service the largest segment in the carbon capture & sequestration market

The capture segment occupied the largest market share in the carbon capture & sequestration market in 2015. The segment has further been segmented into pre-combustion, post-combustion, and oxy-fuel. In 2015, the pre-combustion segment held the largest market share, owing to increase in number of projects.

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Market share analysis, by revenue, of top companies is also included in the report. The scope accordingly aids market participants identify high growth markets and helps managing key investment decisions. For this study, major market players are identified through secondary and primary research activities. The market share analysis of these key players is arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.

Target Audience:

·         Carbon capture service providers

·         Carbon transport service providers

·         Carbon storage service providers

·         Power producers by coal

·         Chemical and other industries

·         Iron and steel sector

·         Environmental associations

·         Offshore production platform manufacturing companies

·         Government and research organizations

·         Investment banks

North America to dominate the market

In this report, the carbon capture & sequestration market has been analyzed with respect to six regions, namely, North America, Africa, Asia-Pacific, South America, Europe, and the Middle East. North America is estimated to dominate the market, owing to factors such as more number of coal- and gas-fired power plants, which emit more greenhouse gases when compared with other sources of power generation. Furthermore, Supreme Court of the United States has proposed a carbon trading scheme, named US Clean Power Plan on February 2016, which is expected to be implemented from 2017. This scheme aims at curbing carbon pollution from the power plants in the U.S. In addition, the Canadian government, along with the industry partners, is conducting research on developing CCS technology at Alberta’s two largest universities. This creates huge opportunities for carbon capture and storage market in Canada.