An Outlook on the Rise of Global Carbon Capture & Storage Market During 2021-26

According to the MarkNtel Advisors, the Global Carbon Capture & Storage Market is likely to grow at a CAGR of 25.96% in the forecast period of 2021-26. It owes to the growing environmental concerns directing numerous governments globally to initiate stringent norms for environment & energy conservation. Additionally, the rising temperature due to pollution & carbon emissions shall also surge the demand for more carbon capture & storage facilities in the forecast period.

Moreover, the continuous urbanization entwined with public & private investments across various medium & small industries and extensive oil & gas sectors shall further fuel the demand for carbon capture and storage systems, states MarkNtel Advisors in their research report, "Global Carbon Capture & Storage Market Analysis, 2021."

Get the report sample: https://www.marknteladvisors.com/query/request-sample/carbon-capture-storage-market.html

Key Questions Answered in the Study:
1. What are the current and future trends in the Global Carbon Capture & Storage Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Carbon Capture & Storage Market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Carbon Capture & Storage Market service providers across various regions?

Covid-19 Minimally Impacted the Global Carbon Capture & Storage Market

The outbreak of the Covid-19 pandemic had a negligible impact on the Global Carbon Capture & Storage Market since the overall functioning primarily deploys in natural gas processing units & power plants. However, the imposition of lockdown and stringent norms to combat the spread of the virus led to the shutdown of units like cement plants, chemical plants, and others, resulting in a minimal effect on the Carbon Capture & Storage Market amid the global crisis. Nonetheless, with the gradual upliftment of restrictions, these plants are likely to resume their operations and regain the usual pace in the forecast period.

For detailed analysis: https://www.marknteladvisors.com/research-library/carbon-capture-storage-market.html

Oil & Gas to Dominate with the Global Carbon Capture & Storage Market with the Largest Share
Based on End-Users, the Global Carbon Capture & Storage Market segments into Biofuels, Food & Beverage, Pulp & Paper, Cement & Concrete, Iron & Steel, Textiles, Oil & Gas, Power Generation, Chemicals, Fertilizers, and Others. Of them all, the Oil & Gas industry is projected to dominate the market with the largest share in the forecast period, mainly due to the technology aiding the Oil & Gas sector to mitigate greenhouse gases out of the atmosphere. Since the facility enables oil recovery across carbon dioxide stored in deep, onshore, or offshore geological formations, the demand for the technology is likely to propel significantly in the forecast period.

Furthermore, the demand for carbon dioxide across the oil & gas sector shall also surge owing to the service where injecting CO2 will raise the pressure in reservoirs, resulting in an efficient sweep of oil toward the production wells. Hence, the segment is likely to observe a significant market share, reveals MarkNtel Advisors in their research report, "Global Carbon Capture & Storage Market Analysis, 2021."

Share your requirements: https://www.marknteladvisors.com/query/request-customization/carbon-capture-storage-market.html

Key Market Competitors:
According to MarkNtel Advisors, the leading players in the Global Carbon Capture & Storage Market include Royal Dutch Shell plc, Halliburton Company, Schlumberger Limited, Aker Solutions ASA, Statoil ASA, Chevron, Shell, Carbon Engineering, NRG Energy, Bow city Power, Others.

Market Segmentation:
1. By Capture Technology (Post Combustion Capture, Pre-Combustion Capture, Oxyfuel technology, Chemical Looping Combustion)
2. By Storage Technology (Geological Storage (Depleted Oil & Gas Reservoirs, Unmineable Coal Bed Storage, Saline Aquifers), Deep Ocean Storage, Enhanced Oil Recovery (EOR))
3. By End-Users (Biofuels, Food & Beverage, Pulp & Paper, Cement & Concrete, Iron & Steel, Textiles, Oil & Gas, Power Generation, Chemicals, Fertilizers, Others)
4. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
5. By Countries (US, Canada, Mexico, Brazil, Chile, Argentina, Germany, France, UK, Russia & CIS South Africa, Nigeria, UAE, Saudi Arabia, Kuwait, Qatar, China, India, Southeast Asia, Japan, Others)
6. By Competitors (Royal Dutch Shell plc, Halliburton Company, Schlumberger Limited, Aker Solutions ASA, Statoil ASA, Chevron, Shell, Carbon Engineering, NRG Energy, Bow city Power, Others)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@marknteladvisors.com
Tel: +1 604 800 2671
Website: https://www.marknteladvisors.com

About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.