Carbon Capture and Storage Global Market Outlook Report 2024-2030: Direct Air Capture with Carbon Storage - The New Upcoming Vertical
DUBLIN, March 28, 2024 /PRNewswire/ -- The "Carbon Capture and Storage - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Carbon Capture and Storage estimated at US$3.6 Billion in the year 2023, is projected to reach a revised size of US$7.1 Billion by 2030, growing at a CAGR of 9% over the analysis period 2023-2030.
Pre-Combustion Technology, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$4.9 Billion by the end of the analysis period. Growth in the Post Combustion Technology segment is estimated at 10.1% CAGR for the next 8-year period.
The Carbon Capture and Storage market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$734.1 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.
Key Market Dynamics
Market Drivers
Incentives & Regulatory Support
Rising Investments in CCS
Industrial Reuse of Captured Carbon Dioxide
Improvements in Carbon Capturing and Storing Technologies
Introduction of Relevant Standardizations and Legislations
Public Outreach
Technological Advancements & Government Support
Market Inhibitors/Challenges
High Cost of CCS
Environmental Concerns & Challenges
Uneven Division of Capital Investments among Stakeholders
Financing in CCS
Market Uncertainty
Technological Uncertainty
Rising Investments in Shale Projects
Market Opportunities
Safety Issues
Global CCS Project Landscape
Key Report Features
Full access to influencer engagement stats
Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
The report covers 100 key competitors in the industry.
A selection of featured companies include:
Archer-Daniels-Midland Company
BP p.l.c
Chevron Corporation
Emissions Reduction Alberta
Equinor ASA
GE Vernova
Japan CCS Co., Ltd.
Schlumberger Limited
SNC-Lavalin Group, Inc.
Svante Technologies Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Carbon Capture and Storage (CCS): An Introduction
Types of CCS Technologies
Carbon Capture
Post-Combustion
Pre-Combustion
Oxy-Fuel Combustion
CO2 Compression
CO2 Transportation
CO2 Storage
Influencer Market Insights
World Market Trajectories
Global Economic Update
Carbon Capture and Storage - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Net Zero Carbon Goals: How Feasible Are They & What is Needed To Make Them Work?
Average Global Surface Temperatures (In Degrees Centigrade) for Years 1880 to 2020
Global CO2 Emissions (In Billion Metric Tons) for Years 1930-2023
Carbon Neutrality Goals of Various Countries
Where Does CCS Stand in the Action Plan to Curtail Climate Change?
Rising Carbon Dioxide Emissions Drive Focus onto Clean Energy: Global CO2 Emissions Breakdown (in %) by Region for 2022
Evolving Role of Carbon Capture & Storage (CCS) Technologies
Global Market Analysis and Prospects
Global Carbon Capture & Storage Market Exudes Signs of Captivating Performance
Carbon Capture, Utilization & Storage: An Approach to Paint the World Green
Pre-Consumption, Power Generation & Oil & Gas: Upbeat Segments of Global Carbon Capture & Storage Market
Power Generation as Key Application Segment
Oil & Gas Remains Primary End-Use Segment
North America at Vanguard of Global Carbon Capture & Storage Market
Scaling of CCUS Warrants Attention to Attain Net-Zero Emissions
Favorable Policies to Drive Growth
Challenging Scenario for CCS
Regional Review
Number of Large-Scale Carbon Capture and Storage (CCS) Facilities Worldwide by Status: 2023
CO2 Capture and Storage Annual Capacity (Mtpa) by Stage: 2010, 2015, and 2020 .
Commercial CCS Facilities in Construction, Advanced and Early Development: 2022
A Peek into Important Global Projects
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Enhanced Oil Recovery Offers Strong Growth Opportunities
Global Enhanced Oil Recovery Projects in Operation by Technology: 2023
Top Countries with Proven Reserves of Crude Oil (in Billion Barrels): 2023
Growing Emphasis on Hydrogen Production with CCS Augurs Well
Leveraging Blue Hydrogen
High Growth Opportunities Identified in Power Sector
China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand (GED) in TWh for 2017-50
Growing Relevance of CCS in Bioenergy Domain
Direct Air Capture with Carbon Storage: The New Upcoming Vertical
Increasing Industrialization and Urbanization Levels Trigger Demand
Natural Gas Processing : An Important Market
Global Natural Gas Production (In Billion Cubic Feet per Day) by Type for the Years 2017, 2020, 2025, 2030 and 2040
Rising Contribution from Oil & Gas Industry
Aligning Energy Assets to Carbon Capture
Capturing Carbon from Atmosphere
Startups Enter the Fray
R&D in CCS Continues to Gain Pace
Technological Innovations to Push CCUS
How Artificial Intelligence is Revolutionizing Carbon Capture Technology
Scientists Develop AI-Based Tool to Enhance Underground Carbon Sequestration
Use of AI for Identifying Optimal Carbon Storage Sites
Digitalization to Realize Big Carbon Capture and Storage Dreams
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
United States
Canada
Japan
China
Europe
France
Germany
Italy
United Kingdom
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
United Arab Emirates
Rest of Middle East
Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/d91398
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