Carbon Capture and Storage Market | Global Analysis By Key Players Aker Solution, Exxon Mobil, Fluor Corporation, Haliburton, Shell CANSOLV

A recent report Added by Global Market Insights, LLC, on Carbon Capture and Storage Market offers a succinct analysis of the industry size, regional landscape and the revenue forecast pertaining to this vertical. The report further highlights the primary challenges and latest growth strategies embraced by key players that constitute the dynamic competitive spectrum of this business domain.

The globally prevalent trend to reduce carbon emissions is a vitally imperative fact that has been driving carbon capture and storage market. Perpetually impelled by the urgent requirement to brainstorm newer methodologies to uphold energy efficiency, numerous governmental bodies across the globe have been attempting to exploit the CCS technology, which can certainly be deemed one of the major factors fueling carbon capture and storage industry share. A crucial precedent validating the legitimacy of the aforementioned declaration is Scottish energy minister's announcement regarding the requirement of CCS as a critical tool to accomplish reduced energy consumption across the United Kingdom.

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The Scandinavian kingdom, renewed with the success of its CCS program, aimed to educate other geographies in carbon capture and storage market, regarding its technical expertise about CCS, on the grounds of which an alliance was inked in the year 2010, between Oslo and London. In accordance with the same, Britain's companies were expected to make substantial investments in carbon capture technology through pipeline systems under the sea bed, while the carbon dioxide would be injected in the ground.

Through this deal, Norway and Britain aimed to use the existing under-sea infrastructure to transport carbon dioxide directly to storage wells - a move that was forecast to have a substantial impact on carbon capture and storage market. In fact, the Norwegian oil ministry claimed that this sort of system was likely to curb close to 270 million tons of carbon emissions/year by the year 2030 and over 400 million tons by 2050, which gradually encouraged the governmental bodies of other geographies across carbon capture and storage industry to follow suit.

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One of the major concerns associated with CCS technology that may possibly hamper the growth matrix of carbon capture and storage market is that the carbon dioxide gas may possibly leak from its permanent storage and return to the atmosphere. However, a group of researchers from the Princeton University have recently published a paper, categorically stating that the CCS procedure would not be prone to leakage or exorbitant costs associated with leaks.

Partial Table of Contents (ToC) of the report:
Chapter 4. Carbon Capture and Storage Market, By Technology
4.1. Global market share by technology, 2016 & 2024
4.2. Pre-combustion
4.2.1. Pre-combustion market, 2013 - 2024
4.2.2. Pre-combustion market volume by region, 2013 - 2024
4.2.3. Pre-combustion market revenue by region, 2013 - 2024
4.3. Post-combustion
4.3.1. Post-combustion market, 2013 - 2024
4.3.2. Post-combustion market volume by region, 2013 - 2024
4.3.3. Post-combustion market revenue by region, 2013 - 2024
4.4. Oxyfuel combustion
4.4.1. Oxyfuel combustion mounted market, 2013 - 2024
4.4.2. Oxyfuel combustion market volume by region, 2013 - 2024
4.4.3. Oxyfuel combustion market revenue by region, 2013 - 2024

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The research has also affirmed that the leakage levels, based on the simulations at hypothetical storage locations, would most certainly not lead to extensive costs in the overall energy system. Princeton's research study thus stands to provide a positive boost to the overall carbon capture and storage industry, which as per research estimates, is forecast to surpass a valuation of USD 6 billion by 2024.

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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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