Carbon Capture and Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2020 to 2027)

The global carbon capture and storage (CCS) market was valued at 1.6 Billion in 2020 and is expected to reach 4.26 Billion in 2027 with a growth rate CAGR of 15.02 % during the forecast period. The national governments of various countries especially in North America and the European region are accelerating their drive to combat climate change with a sharp focus on the power sector, the source of around 40% of carbon dioxide emissions.

The rising energy demand globally has led to the increasing uses of fossil fuels, the major source of carbon emission. Though many alternate technologies such as wind, solar and nuclear are now in practical use or under development, CCS is the most viable technology currently available to mitigate greenhouse gas emissions from large scale fossil fuel usage.

To further complicate matters, assurances on the containment of CO2 along with potential financial liability and environmental or social issues related to leakage of the gas will need to be clearly defined, even after the end of the operation. Apart from a cost-effective option for reducing CO2 emissions in large energy-intensive industries, CCS is the superlative technology for controlling air pollution. In fact, the promising short-term potential for the technology globally lies not only in the power sector however it is also dependent in reducing CO2 emissions from the industrial activities that currently emit highly clear streams of CO2.

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

By Type
Pre-Combustion Carbon Capture
Oxy-Combustion Carbon Capture
Post-Combustion Carbon Capture

By Application
Oil & Gas
Power Generation
Others

By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Netherlands
Switzerland
Poland
South Asia
India
Pakistan
Bangladesh
Southeast Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar
Middle East
Turkey
Saudi Arabia
Iran
United Arab Emirates
Israel
Iraq
Qatar
Kuwait
Oman
Africa
Nigeria
South Africa
Egypt
Algeria
Morocoo
Oceania
Australia
New Zealand
South America
Brazil
Argentina
Colombia
Chile
Venezuela
Peru
Puerto Rico
Ecuador
Rest of the World
Kazakhstan

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The Carbon Capture and Storage market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Carbon Capture and Storage in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Carbon Capture and Storage Market
Chapter 5. Global Carbon Capture and Storage Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Carbon Capture and Storage Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Carbon Capture and Storage Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Carbon Capture and Storage Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Carbon Capture and Storage Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Carbon Capture and Storage Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Carbon Capture and Storage Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Carbon Capture and Storage Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Carbon Capture and Storage Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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