Image of Direct Air Capture technology which uses filters to remove the green house gas carbon dioxide from the atmosphere. The big fans suck in air from the atmosphere and take out the green house gas carbon dioxide. This technology can solve the problem of climate change and help with the climate crisis.
IMARC Group’s latest research report, titled “Carbon Capture and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global carbon capture and storage market report.
The report also includes competitor and regional analysis, and contemporary advancements in the market. The market reached a value of US$ 2.25 Billion in 2021. Looking forward, IMARC Group expects the global carbon capture and storage market to reach a value of US$ 4.09 Billion by 2027, exhibiting a CAGR of 10.20% during 2022-2027. Carbon capture and storage is the process of capturing carbon dioxide from fuel combustion or industrial processes and transporting CO2 via ship or pipeline. The stored carbon dioxide is either used as a resource to create valuable products or services or its permanent storage deep underground in geological formations. It lays the foundation for carbon removal when the CO2 comes from bio-based processes or directly from the atmosphere. It assists in producing geothermal energy, strengthening concrete to promote infrastructure durability, and transforming carbon dioxide (CO2) into fuel. Carbon capture and storage are widely utilized in manufacturing operations for producing chemicals and plastics.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by service, technology and end use industry.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for carbon capture and storage market
- Strategies of major players and product offerings
The global market is majorly driven by an increasing focus on reducing carbon dioxide emissions. In line with this, the rising demand for CO2-EOR techniques is significantly contributing to the market. Furthermore, rapid industrialization has led to a surge in the emission of carbon dioxide, which, in turn, has stimulated the governments of various developed and developing countries to set up a large number of carbon capture and storage plants. Apart from this, the growing offshore oil and gas exploration and production activities are positively influencing the market growth across the globe.
Key Players Included in Global Carbon Capture and Storage Market Research Report:
- Air Liquide S.A.
- Aker Solutions ASA
- Baker Hughes Company
- Exxon Mobil Corporation
- Fluor Corporation
- General Electric Company
- Halliburton Company
- Honeywell International Inc.
- Linde plc
- Mitsubishi Heavy Industries Ltd.
- NRG Energy Inc.
- Occidental Petroleum Corporation
- Schlumberger Limited
- Shell plc and Siemens AG.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Service:
- Capture
- Transportation
- Storage
Breakup by Technology:
- Post-combustion Capture
- Pre-combustion Capture
- Oxy-fuel Combustion Capture
Breakup by End Use Industry:
- Oil and Gas
- Coal and Biomass Power Plant
- Iron and Steel
- Chemical
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC For the Carbon Capture and Storage Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global carbon capture and storage market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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