Carbon Capture and Storage (CCS) Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Carbon Capture and Storage (CCS) market size is estimated at USD 5.63 Billion in 2020, expanding at a CAGR of 15% from 2021-2027 to reach USD 9.3 Billion by 2027.
Market Dynamics
More environmental awareness and a shift to sustainable technologies will drive the growth of the Carbon Capture and Storage Market. In 2020, the market is expected to double in size. Carbon capture and storage are dealt with in the Carbon Capture and Storage Market. Carbon molecules from pollutants are trapped, transported, and stored using this technique. The Carbon Capture and Storage Market's applications are mainly geared toward industrial use.
Different organizations and governments are embracing CCS technology in order to establish sustainably powered enterprises. As a result, the Carbon Capture and Storage industry is anticipated to benefit over the next few years. CCS technology adoption is a critical requirement for businesses and other large carbon emitters today. CCS technology is becoming increasingly popular as governments seek to reduce their collective carbon impact.
Climate change is a big worry for the world as we approach the 2030s. The need to minimize carbon emissions is included in the UN's SDG objectives. The world's biggest industries, on the other hand, continue to play a significant role in carbon emissions. Countries, particularly industrialized countries, are attempting to decrease their carbon footprint by implementing carbon capture and storage technologies. During the COVID 19 epidemic, however, there was a modest drop in the adoption of this technique. As the focus moved to prevent a pandemic, CCS technology fell out of favor. The impact of COVID 19 on the Carbon Capture and Storage Market is explored in-depth in the next section.
Increased investment in luxury boats such as motorized cats, cruisers, yachts, and others is benefitting the whole Carbon Capture and Storage (CCS) sector. Regional development is being driven by demand from the United States, which is fuelled by rising income spending on leisure activities, notably in the boating sector.
Pre-combustion carbon dioxide capture technologies accounted for the highest proportion in 2020 and are expected to rise significantly throughout the projection period. Pre-combustion CO2 collection using a water gas shift reaction and removal using an acid gas removal (AGR) method is now being used commercially across the world.
This regional research looked at the carbon capture and storage industry across five main areas. North America, Asia Pacific, Europe, the Middle East, Africa, and Latin America are the primary regions studied. Because of developing efforts and current CCS technology projects, the North American area leads the Carbon Capture and Storage Industry in revenue and market share. The area's early development stage projects in the regional Carbon Capture and Storage Industry makes it the fastest-growing region for the Carbon Capture and Storage industry. Due to improved oil recovery methods in aging fields, the Middle East and Africa will also contribute significantly throughout the projection period.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Carbon Capture and Storage (CCS) by technology, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Svante Inc.
- SNC-Lavalin Group, Inc.
- Siemens AG
- Shell CANSOLV
- Schlumberger Limited
- Japan CCS Co., Ltd.
- HTC CO2 Systems Corp.
- GE Power
- Equinor ASA
- Emissions Reduction Alberta
- Dakota Gasification Company
- Chevron Corporation
- BP plc
- Archer-Daniels-Midland Company
- Aker solutions
Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Pre-combustion
- Post-combustion
- Oxyfuel combustion
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- EOR Process
- Industrial
- Agricultural
- Others
End-use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Iron Steel
- Oil And Gas
- Chemical
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1.1. Product Overview and Scope of Carbon Capture and Storage (CCS)
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Carbon Capture and Storage (CCS) Market Application Growth Rate Analysis by Technology 2020 VS 2027
1.3.1. Pre-combustion
1.3.2. Post-combustion
1.3.3. Oxyfuel combustion
1.4. Global Carbon Capture and Storage (CCS) Consumption Comparison by Application: 2020 VS 2027
1.4.1. EOR Process
1.4.2. Industrial
1.4.3. Agricultural
1.4.4. Others
1.5. Global Carbon Capture and Storage (CCS) Consumption Comparison by End-user: 2020 VS 2027
1.5.1. Iron Steel
1.5.2. Oil And Gas
1.5.3. Chemical
1.5.4. Others
1.6. Global Carbon Capture and Storage (CCS) Market Application Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Carbon Capture and Storage (CCS) Estimates
1.6.2. Europe Carbon Capture and Storage (CCS) Estimates
1.6.3. China Carbon Capture and Storage (CCS) Estimates
1.6.4. Japan Carbon Capture and Storage (CCS) Estimates
2. Market Competition by Manufacturers
2.1. Global Carbon Capture and Storage (CCS) Revenue Market Share by Manufacturers (2020)
2.2. Carbon Capture and Storage (CCS) Market Share by Company Technology (Tier 1, Tier 2 and Tier 3)
2.3. Global Carbon Capture and Storage (CCS) Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Carbon Capture and Storage (CCS) Production Sites, Area Served, Product Technologys
2.5. Carbon Capture and Storage (CCS) Market Competitive Situation and Trends
2.5.1. Carbon Capture and Storage (CCS) Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Carbon Capture and Storage (CCS) Consumption by Region (2016-2021)
3.1. Global Carbon Capture and Storage (CCS) Consumption by Region
3.2. Global Carbon Capture and Storage (CCS) Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Carbon Capture and Storage (CCS) Consumption Growth Rate (2016-2021)
3.2.3. North America Carbon Capture and Storage (CCS) Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Carbon Capture and Storage (CCS) Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Carbon Capture and Storage (CCS) Consumption Growth Rate (2016-2021)
3.2.7. Europe Carbon Capture and Storage (CCS) Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Carbon Capture and Storage (CCS) Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Carbon Capture and Storage (CCS) Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Carbon Capture and Storage (CCS) Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Carbon Capture and Storage (CCS) Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Carbon Capture and Storage (CCS) Consumption Growth Rate (2016-2021)
3.2.15. South America Carbon Capture and Storage (CCS) Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Carbon Capture and Storage (CCS) Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Carbon Capture and Storage (CCS) Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Carbon Capture and Storage (CCS) Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Carbon Capture and Storage (CCS) Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Carbon Capture and Storage (CCS) Consumption by Technology (2016-2021)
4.1. Global Carbon Capture and Storage (CCS) Price by Technology (2016-2021)
4.2. Global Carbon Capture and Storage (CCS) Revenue Market Share by Technology (2016-2021)
4.2.1. Pre-combustion
4.2.2. Post-combustion
4.2.3. Oxyfuel combustion
5. Global Carbon Capture and Storage (CCS) Consumption by Application (2016-2021)
5.1. Global Carbon Capture and Storage (CCS) Price by Application (2016-2021)
5.2. Global Carbon Capture and Storage (CCS) Revenue Market Share by Application (2016-2021)
5.2.1. EOR Process
5.2.2. Industrial
5.2.3. Agricultural
5.2.4. Others
6. Global Carbon Capture and Storage (CCS) Consumption by End-user (2016-2021)
6.1. Global Carbon Capture and Storage (CCS) Price by End-user (2016-2021)
6.2. Global Carbon Capture and Storage (CCS) Revenue Market Share by End-user (2016-2021)
6.2.1. Iron Steel
6.2.2. Oil And Gas
6.2.3. Chemical
6.2.4. Others
7. Key Companies Profiled
7.1. Svante Inc.
7.1.1. Svante Inc. Carbon Capture and Storage (CCS) Corporation Information
7.1.2. Svante Inc. Carbon Capture and Storage (CCS) Product Portfolio
7.1.3. Svante Inc. Carbon Capture and Storage (CCS) Consumption, Price and Gross Margin (2016-2021)
7.1.4. Svante Inc. Main Business and Markets Served
7.1.5. Svante Inc. Recent Developments/Updates
7.2. SNC-Lavalin Group, Inc.
7.3. Siemens AG
7.4. Shell CANSOLV
7.5. Schlumberger Limited
7.6. Japan CCS Co., Ltd.
7.7. HTC CO2 Systems Corp.
7.8. GE Power
7.9. Equinor ASA
7.10. Emissions Reduction Alberta
7.11. Dakota Gasification Company
7.12. Chevron Corporation
7.13. BP plc
7.14. Archer-Daniels-Midland Company
7.15. AkerSolutions
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Carbon Capture and Storage (CCS) Distributors List
8.3. Carbon Capture and Storage (CCS) Customers
9. Market Dynamics
9.1. Carbon Capture and Storage (CCS) Industry Trends
9.2. Carbon Capture and Storage (CCS) Growth Drivers
9.3. Carbon Capture and Storage (CCS) Market Challenges
9.4. Carbon Capture and Storage (CCS) Market Restraints
10. Global Carbon Capture and Storage (CCS) Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Carbon Capture and Storage (CCS), by Regions and Country
10.1.1. North America Forecasted Consumption of Carbon Capture and Storage (CCS) by Country
10.1.2. Europe Market Forecasted Consumption of Carbon Capture and Storage (CCS) by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Carbon Capture and Storage (CCS) by Region
10.1.4. Latin America Forecasted Consumption of Carbon Capture and Storage (CCS) by Country
10.1.5. Middle East and Africa Forecasted Consumption of Carbon Capture and Storage (CCS) by Country
11. Global Carbon Capture and Storage (CCS) Consumption and Demand Forecast, by Technology Segments (2022-2027)
11.1. Global Forecasted Consumption of Carbon Capture and Storage (CCS) by Technology Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Technology Segments (2022-2027)
11.2.1. Global Forecasted Growth Rate of Carbon Capture and Storage (CCS) by Technology Segments (2022-2027)
12. Global Carbon Capture and Storage (CCS) Consumption and Demand Forecast, by Application Segments (2022-2027)
12.1. Global Forecasted Consumption of Carbon Capture and Storage (CCS) by Application Segments (2022-2027)
12.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
12.2.1. Global Forecasted Growth Rate of Carbon Capture and Storage (CCS) by Application Segments (2022-2027)
13. Global Carbon Capture and Storage (CCS) Consumption and Demand Forecast, by Application Segments (2022-2027)
13.1. Global Forecasted Consumption of Carbon Capture and Storage (CCS) by Application Segments (2022-2027)
13.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
13.2.1. Global Forecasted Growth Rate of Carbon Capture and Storage (CCS) by Application Segments (2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Technology
15.1.2. Market Application Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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