Carbon Capture and Storage Global Market Outlook Report 2024-2030: Direct Air Capture with Carbon Storage - The New Upcoming Vertical
Saturday, March 30, 2024
DUBLIN, March 28, 2024 /PRNewswire/ -- The "Carbon Capture and Storage - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
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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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