Global Carbon Capture and Sequestration (CCS) Market, By Technology (Pre-combustion Capture, Oxy-fue

Published Date: | Report Code : EQ1958683

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Market Dynamics:

The high growth of the end-use industry in the emerging regions is expected to drive the demand for Global Carbon Capture and Sequestration (CCS) Market during the forecast period. Some of the major end-use industries in global carbon capture and sequestration market have been witnessing strong growth in the emerging region such as the Asia Pacific and the Middle East.

Segment Analysis:

Carbon capture and sequestration can be described as the method that traps carbon dioxide gas at the source of emissions and then isolates it back to a storage place. In most instances, the storage place is underground. By capturing surplus carbon dioxide (CO2), the method ensures greener energy.

CCS is an embedded technology that complements each method with the other. It is a well-proven and well-established technology and, when deployed, can attain effectiveness of up to 90%. It can capture emissions of CO2 fossil fuel, thus stopping the damaging gas from fleeing into the atmosphere. In the coming era, the increasing climate change concerns coupled with CCS effectiveness are anticipated to benefit the CCS market.

In the oil and gas industry, CO2 sequestration can be used in enhanced oil recovery (EOR) and improved coal-bed methane (ECBM) activities where CO2 is injected into oil and gas beds to be stored in depleted and mature areas. The cost advantages of the EOR method appeal to businesses to invest in CCS technology and recover the investment.

Key Factors Impacting Market Growth:

  • Emerging CO2 Demand Enhanced Oil Recovery (EOR) Technique

  • Strict government emission standards

  • The huge implementation cost of CCS technology

  • Investment growth in the shale

Regional Analysis:

Major regions for the global carbon capture and sequestration market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for global carbon capture and sequestration market owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Oil & Gas, Coal & Biomass Power Plant, Food & Beverage, Iron & Steel, Chemical, Others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the global carbon capture and sequestration market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Oil & Gas, Coal & Biomass Power Plant, Food & Beverage, Iron & Steel, Chemical, Others are estimated to register high demand for the global carbon capture and sequestration market during the forecast period. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the global carbon capture and sequestration market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the global carbon capture and sequestration market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Aker Solutions, Dakota Gasification Company, Exxon Mobil Corp., Fluor Corporation, General Electric, Halliburton, Honeywell International Inc., Japan CCS Company, Mitsubishi Heavy Industries Ltd, NRG Energy, Schlumberger, Shell, Siemens AG, Sulzer Ltd, The Linde Group…

Market Segmentation:

By Technology:

  • Pre-combustion Capture

  • Oxy-fuel Combustion Capture

  • Post-combustion Capture

  • Others

By End-user Industry:

  • Oil & Gas

  • Coal & Biomass Power Plant

  • Food & Beverage

  • Iron & Steel

  • Chemical

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Technology

    • By End-user Industry

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Technology

    • By End-user Industry

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Technology

    • By End-user Industry

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Technology

    • By End-user Industry

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Technology

    • By End-user Industry

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Technology

    • By End-user Industry

Reasons To Buy This Report:

  • Market size estimation of the carbon capture and sequestration (CCS) market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

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