Carbon Capture and Storage Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Carbon Capture and Storage market.

Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) 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.

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Global Carbon Capture and Storage Market: Forecast by Type / Application / Region

Globally, the Carbon Capture and Storage industry market is low concentrated as the manufacturing technology of Carbon Capture and Storage is relatively immatures than some high-tech equipment. And some enterprises, like ExxonMobil, Schlumberger, Huaneng, etc. are well-known for the wonderful performance of their Carbon Capture and Storage and related services. At the same time, North America, occupied 38% market share in 2017, is remarkable in the global Carbon Capture and Storage industry because of their market share and technology status of Carbon Capture and Storage.

According to this study, over the next five years the Carbon Capture and Storage market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 4450 million by 2024, from US$ 3300 million in 2019. In particular, this report presents the global revenue market share of key companies in Carbon Capture and Storage business, shared in Chapter 3.

Global Carbon Capture and Storage Market: Key Players
Exxonmobil Corporation
Schlumberger
Huaneng
Linde AG
Halliburton
BASF
General Electric
Siemens
Honeywell UOP
Sulzer
Equinor
NRG
AkerSolutions
Shell
Skyonic Corp.
Mitsubishi Hitachi
Fluor
Sinopec

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Related Information:
United States Carbon Capture and Storage Market Research Report 2018
Europe Carbon Capture and Storage Market Research Report 2018
North America Carbon Capture and Storage Market Research Report 2018
Asia-Pacific Carbon Capture and Storage Market Research Report 2018
China Carbon Capture and Storage Market Research Report 2018
EMEA Carbon Capture and Storage Market Research Report 2018
Global Carbon Capture and Storage Market Research Report 2018

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This release was published on openPR.