Carbon Capture and Storage Market: Comprehensive Study with Top Key Players 2025


Researchmoz added Most up-to-date research on "Carbon Capture and Storage Market: Comprehensive Study with Top Key Players 2025" to its huge collection of research reports.

Carbon capture and storage (CCS) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation. The aim is to prevent the release of large quantities of CO2 into the atmosphere (from fossil fuel use in power generation and other industries). It is a potential means of mitigating the contribution of fossil fuel emissions to global warming and ocean acidification. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept. The first commercial example was the Weyburn-Midale Carbon Dioxide Project in 2000. Another example is SaskPower's Boundary Dam. 'CCS' can also be used to describe the scrubbing of CO2 from ambient air as a climate engineering technique.


EOR method is widely being adopted by oil & gas participants to extract oil and gas from mature fields. CO2 is considered to be an excellent displacing agent for EOR techniques because a large portion of injected CO2 remains in place in depleted reservoirs. Therefore, this method could provide a good option for CO2 sequestration to mitigate global warming. CO2 injection also presents potential benefits by alternatively injecting gas and water as slugs in the water-alternating-gas (WAG) method to control CO2 mobility and flood conformance. The cost implemented in CCS technology is quite challenging, but the revenue from EOR has underpinned CCS investment decisions in China and the Middle East. The increasing demand for CO2 injection, owing to its aforementioned favorable properties in EOR, accompanied with the need to mitigate global warming, is likely to drive the CCS market.

North America CCS industry dominated the global demand accounting for over 60% of the total market. Stringent regulatory framework for cleaner environment coupled with increasing need of carbon dioxide in enhanced oil recovery processes owing to increasing number of matured oilfields are expected to be the major factors driving the industry penetration.


Asia Pacific is estimated to grow at the highest CAGR of 16.4% from 2016 to 2024. The emerging economies in the region such as China and India along with countries such as Japan, Indonesia and Malaysia are focusing on cleaner environment owing to rapid industrialization in the region, thereby, leading to increased carbon emissions.
The Carbon Capture and Storage market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Carbon Capture and Storage.

This report presents the worldwide Carbon Capture and Storage market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Babcock & Wilcox
ENGIE
GE Power
The Linde Group
Mitsubishi Heavy Industries
Air Products and Chemicals
Aker Solutions
Amec Foster Wheeler
Chevron
Fluor
Hitachi
Net Power
Schlumberger
Shell
Siemens
Statoil
Sulzer

Carbon Capture and Storage Breakdown Data by Type
Pre-Combustion
Industrial
Oxy-Firing & Post-Combustion
Carbon Capture and Storage Breakdown Data by Application
Oil and Gas
Iron and Steel
Chemical Processing
Power Generation

Carbon Capture and Storage Production by Region
United States
Europe
China
Japan
Other Regions

Carbon Capture and Storage Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

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