DUBLIN–(BUSINESS WIRE)–April 27, 2022–
the “Global Carbon Capture and Storage Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecast” report has been added to ResearchAndMarkets.comoffer.
The global carbon capture and storage market reached a value of US$2.25 billion in 2021. Going forward, the market is expected to reach a value of US$4.09 billion by 2027, posting a CAGR of 10.20% in 2022-2027.
- Air Liquide S.A.
- Aker Solutions ASA
- Baker Hughes Company
- ExxonMobil Corporation
- Fluor Corporation
- General electricity company
- Halliburton Company
- Honeywell International Inc.
- Linde plc
- Mitsubishi Heavy Industries Ltd.
- NRG Energy Inc.
- Western Oil Company
- Schlumberger Limited
- Shell plc
- Siemens AG
Keeping in mind the uncertainties of COVID-19, the analyst continuously monitors and assesses the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.
Carbon capture and storage (CCS) refers to a technique deployed to capture, transport and store carbon emissions generated by industry underground in geological formations. They help generate geothermal energy, reinforce concrete to help sustain infrastructure, and turn carbon dioxide (CO2) into fuel. Due to these properties, carbon capture and storage is widely used in manufacturing operations for the production of chemicals and plastics. Currently, they are categorized by the different technologies deployed, such as pre-combustion, oxy-combustion, and post-combustion capture.
Rapid industrialization, especially in emerging economies, along with the significant expansion of manufacturing facilities are primarily facilitating the deployment of carbon capture and storage across the globe. This is further supported by favorable initiatives taken by government bodies of various countries to limit greenhouse gas (GHG) emissions in key industries, which, in turn, catalyzes the growth of the market. In this regard, the growing demand for enhanced carbon dioxide recovery (CO2-EOR) in offshore oil and gas exploration activities for the purpose of crude oil extraction acts as another growth driver.
This technique uses injections of carbon dioxide to increase reservoir pressure and drive oil to the production well, which is usually insoluble in water. Moreover, the increase in energy consumption, along with large investments in the upstream and downstream sectors, is contributing significantly to the growth of the market. Other factors including the extensive research and development (R&D) activities to design Bioenergetic Carbon Capture and Storage (BECCS), as well as strategic collaborations between key players for the introduction of sustainable CSS technology for improved oil recovery, create a positive outlook for the market. .
Key questions answered by this report
- How has the global carbon capture and storage market performed so far and how will it perform in the years to come?
- What has been the impact of COVID-19 on the global carbon capture and storage market?
- What are the main regional markets?
- What is the market breakdown by service?
- What is the shattering of the technology-based market?
- What is the market breakdown based on end-use industry?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global carbon capture and storage market and who are the main players?
- How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Carbon Capture and Storage Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Service
7 Market Breakdown by Technology
8 Market Breakdown by End-Use Industry
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 Price Analysis
14 Competitive Landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
For more information on this report, visit https://www.researchandmarkets.com/r/8qzh1h
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KEYWORD INDUSTRY: MANUFACTURING OTHER ENERGY MANUFACTURING ENVIRONMENT OTHER ENERGY
SOURCE: Research and Markets
Copyright BusinessWire 2022.
PUBLISHED: 04/27/2022 12:29 PM / DISK: 04/27/2022 12:29 PM
Copyright BusinessWire 2022.