Carbon Capture and Storage (CCS) Market to Reflect Impressive Growth Rate of 10.0% by 2023 – Global Key Vendors (Aker Solutions, Dakota Gasification, Exxon Mobil, Fluor, GE, Halliburton, Honeywell)

Marketprognosis.com Publish a New Market Research Report On “Global Carbon Capture and Storage (CCS) Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Carbon Capture and Storage (CCS) Market:

The Global Carbon Capture and Storage (CCS) Market is estimated to witness a healthy CAGR of 10.0% during the forecast period (2018 - 2023).

North America is expected to hold the largest share of the market owing to increasing investments clubbed with R&D in the region. The oil & gas sector is estimated to have the largest share in the end-user application.

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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.

CO2 sequestration can be used in the oil & gas industry in enhanced oil recovery (EOR) and enhanced coal-bed methane (ECBM) operations, in which CO2 is injected in oil and gas beds, to store them in depleted and mature fields. The cost benefits provided by the EOR technique is appealing to the companies to invest in CCS technology and recover the investment.

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The United States accounts for the largest share of the market in North America. The growing demand for clean technology, accompanied by the growing use of CO2 in EOR practices, is likely to drive the CCS market in the United States. The country uses 75% of the global carbon capture capacity in EOR operations, which accounts for nearly 30 Mtpa.

Major Key Players:

1 Aker Solutions

2 Dakota Gasification Company

3 Exxon Mobil Corp.

4 Fluor Corporation

5 General Electric

6 Halliburton

7 Honeywell International Inc.

8 Japan CCS Company

9 Mitsubishi Heavy Industries Ltd

10 NRG Energy and More……………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Carbon Capture and Storage (CCS) Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.