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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.
Browse Details of Report @ https://www.hexaresearch.com/research-report/carbon-capture-and-
sequestration-market
The various technologies are pre-combustion, post-combustion, oxy-firing, and industrial. Demand for pre-
combustion 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 cleaner 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 te chnology 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.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/renewable-
energy-industry
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