What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global CCS in Power Generation Market 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-power-ccs-power-generation-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-power-ccs-power-generation-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-power-ccs-power-generation-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-power-ccs-power-generation-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-power-ccs-power-generation-market'>Read More</a>

Published: Jun 2016
Pages: 111
SKU: IRTNTR9564

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Overview of the CCS in power generation market

Technavio’s market research analysts have estimated the global CCS (carbon capture and storage) in power generation market to grow profoundly at a CAGR of about 60% by 2020. The over-dependence on fossil fuels and abundant supplies is considered to be one of the primary growth drivers in this market. Technological advancements and booming economies are directly dependent on the availability of energy and ever since commercial uses of oil and natural gas was discovered, the demand for fossil fuels has only increased. The available fossil fuels are expected to meet the energy demands for decades. There will be significant emissions of greenhouse gases, which will, in turn, increase the demand for carbon capture and storage systems.

This industry research report identifies the apprehensions related to EOR (enhanced oil recovery) application as one of the major trends that will gain traction in this market in the coming years. The significance of CO₂ in oil and natural gas recovery has been around for decades. The rise in the number of CCS projects has led to the abundant availability of CO₂which can now be injected into the reservoirs to replenish the naturally occurring gas drive. The constantly increasing demand for fossil fuels will subsequently lead to the demand for EOR techniques, which will, in turn, drive the growth of the CO₂ sequestration technology market.