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Significant technological improvements in non-power sectors can positively influence overall demand . For example , metal foundry and cement manufacturing in developed countries , like the United States have been experiencing the implementation of these technologies in small phases . Such positive initiatives regarding the application of latest technologies could benefit the global market in the long run . Moreover , greater awareness among policy makers about the importance of limiting carbon discharge can attract substantial investments .
The various technologies are pre-combustion , post-combustion , oxy-firing , and industrial . Demand for precombustion technology in the United States may witness robust growth . The post-combustion technology is projected to expand significantly over the forecast period . A growth spurt in energy generation and the newly developed heat integration & advanced amine systems can fuel its demand during the forecast period .
Based on geographies , the global Carbon Capture and Sequestration Market is divided into Europe , North America , Asia Pacific , Central & South America , and the Middle East & Africa . North America has been leading the global market over the past couple of years . Strict regulatory framework for a cle aner environment can propel this market . The Asia-Pacific region is anticipated to register the highest CAGR over the forecast period . Regional growth could be attributed to the focus of developing economies ( such as Indonesia ) on cleaner environment .
Major companies operating in the global Carbon Capture and Sequestration Market are Mitsubishi Heavy Industries Ltd .; The Linde Group ; Sulzer Ltd .; AkerSolutions ASA ; and Statoil ASA . The worldwide market is characterized by a large number of gas & oil companies . These market participants focus on developing newer & more competent CO2 capture processes & technologies . “ Post Cap ” is one such technology that is based on AAS ( Amino Acid Salt ) solution as solvent . It is mainly applied in natural gas -fired power plants and in coal-fired power stations . This technology can not only be incorporated in new power plants but also in the existing ones .
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