Asia Pacific Carbon capture & Sequestration market


Posted February 25, 2015 by freda25mmm

Asia Pacific Carbon capture & Sequestration market is forecasted to reach $914.9 million by 2019.

 
The Asia Pacific, Carbon capture & Sequestration market is the new emerging market and it is forecasted to reach $914.9 million by 2019. The pre-combustion technology, the largest technology in this region, will account for $460.0 million in 2019.

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.

The industrial activities that give rise to harmful greenhouse gases are expanding at an alarming rate. Carbon dioxide is one of the major components in the greenhouse 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.

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”.
http://www.micromarketmonitor.com/market/asia-pacific-carbon-capture-sequestration-9786205662.html

Related reports:
Middle East and Africa Carbon capture & Sequestration Market:
The Middle East Africa, Carbon capture & Sequestration market is one of the largest markets valued at $122.6 million in 2013 and is forecasted to reach $273.7 million by 2019, growing at a CAGR of 17.4% from 2014 to 2019. Middle East and Africa had second largest market share in the carbon capture and sequestration in 2013.

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Issued By micromarketmonitor
Country United States
Categories Energy , Environment
Tags asia pacific carbon capture sequestration market , carbon capture sequestration market
Last Updated February 25, 2015