Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Carbon Capture and Storage: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Carbon Capture and Storage estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$7.6 Billion by 2030, growing at a CAGR of 11.1% over the analysis period 2022-2030.
Pre-Combustion, one of the segments analyzed in the report, is projected to record a 11.3% CAGR and reach US$5.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Post Combustion segment is readjusted to a revised 12.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 12.7% CAGR
The Carbon Capture and Storage market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$780.4 Million by the year 2030 trailing a CAGR of 12.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 11.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
Select Competitors (Total 90 Featured) -
- Archer-Daniels-Midland Company
- BP plc
- Chevron Corporation
- Emissions Reduction Alberta
- Equinor ASA
- GE Power
- HTC CO2 Systems Corp.
- Japan CCS Co., Ltd.
- Schlumberger Limited
- SNC-Lavalin Group, Inc.
- Svante Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 366 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.3 Billion |
| Forecasted Market Value (USD) by 2030 | $7.6 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
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
- Impact of Covid-19 and a Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- The Pandemic Emerges as an Opportunity to Ignite a Transition to a Greener Global Future
- Global Annual Increase/Decrease in Energy-Related CO2 Emissions for Years 2010 Through 2020 (In Billion Metric Tons Per Year)
- Key Climate Change Indicators
- COVID-19 Underlines Significance of Carbon Capture to Mitigate Climate Change
- Carbon Capture and Storage - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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 C02 Emissions (In Billion Metric Tons) for Years 2000 Through 2020
- 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 2020
- Evolving Role of Carbon Capture & Storage (CCS) Technologies
- Outlook
- Favorable Policies to Drive Growth
- Challenging Scenario for CCS
- Regional Review
- Market Drivers
- Government Support
- Industrial Reuse of Captured Carbon Dioxide
- Improvements in Carbon Capturing and Storing Technologies
- Introduction of Relevant Standardizations and Legislations
- Public Outreach
- Market Inhibitors
- High Cost of CCS
- Environmental Concerns & Challenges
- Uneven Division of Capital Investments among Stakeholders
- Financing in CCS
- Market Uncertainty
- Technological Uncertainty
- Global CCS Project Landscape
- Number of Large-Scale Carbon Capture And Storage (CCS) Facilities Worldwide by Status: 2020
- CO2 Capture and Storage Annual Capacity (Mtpa) by Stage: 2010, 2015, and 2020 .
- Commercial CCS Facilities in Construction, Advanced and Early Development: 2020
- 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: 2020E
- Top Countries with Proven Reserves of Crude Oil (in Billion Barrels): 2019
- Demand for CO2 Storage Takes a Hit as Oil & Gas Sector Confronts Challenging Times amid the Pandemic
- Global Oil Production: Percentage Breakdown of Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2019
- Global Brent Crude Oil Price Trends in US$/barrel: Oct 2019 -May 2021
- Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2021
- 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
- World Ranking of Most Polluted Countries: 2018
- 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
- Select Recent Innovations
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/xhbsy
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