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Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story 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.

Research and Markets Logo

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

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