The global survey by business analyst VisionGain suggests that, despite hurdles to its deployment still to be overcome, CCS could prove lucrative for potential investors as energy demand soars in developing countries.
This growth in energy demand between 2012 and 2022 is expected to lead to the construction of more large coal-fired power plants in developing countries, along with the need to mitigate the resulting increase in greenhouse gas emissions.
Visiongain’s report, The Carbon Capture & Storage/Sequestration (CCS) Technologies Market 2012-2022, points out that a growth in overall spending on CCS will depend on governments developing the necessary legislation to support its use. And industry must still prove the technology on a large-scale basis, while calming environmental concerns and against a backdrop of a weak global economy.
The report considers the CCS market over the next decade within each of the national markets. As well as highlighting both the opportunities and challenges faced by CCS companies worldwide, the study assesses the impact of technological developments on the market in the long term.
VisionGain has aimed its study at those already involved in the CCS market as well as those who may be eyeing what it terms an “important market in the future”.
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