MRO Magazine

Technavio Says Growing Dependence on Fossil Fuels Will Propel Demand for Carbon Capture and Storage Technologies Through 2019


May 28, 2015
By Business Wire News

LONDON

Technavio has published a new report on the global carbon capture and storage market, which is expected to grow at a CAGR of around 32% from 2015-2019.

About the Report

According to the latest industry analysis by Technavio, fossil fuels are expected to account for approximately 67% of global electricity generation by 2020.

“Carbon-abatement technologies such as carbon capture and storage are gaining prominence in mitigating the adverse effects of carbon emissions, and these technologies are expected to positively impact the application of fossil fuels during the forecast period,” says Faisal Ghaus, Vice President of Technavio.

Furthermore, the new Technavio report also emphasizes the growing prevalence of carbon capture and storage as an emerging “clean” technology that is playing a key role in reducing greenhouse gas emissions. Integrated gasification combined cycle (IGCC) plants equipped with carbon capture and storage technologies are proving to be cost-effective and profitable in terms of efficiency, capacity, and return on investment.

Market Scope and Calculation of Market Size

The new Technavio report presents the current scenario and growth prospects of the global carbon capture and storage market from 2015-2019. To calculate the market size, this report considers revenue generated from pre-combustion, post-combustion, and oxy-combustion technology.

Key Information Covered in the Report:

  • Key Vendors:
    • GDF Suez
    • GE Energy
    • Schlumberger Ltd.
    • Shell Cansolv
    • The Linde Group
    • UOP LLC
  • Market Growth Drivers:
    • Dependence on Fossil Fuels for Energy Needs and Abundant Supply
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Integration of Carbon Capture and Storage with IGCC
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the energy storage and management market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com