Global Carbon Capture And Storage Market Size, Growth, Share, Trends and Forecast by 2025

The global carbon capture and storage (CCS) market value is anticipated to exceed USD 8.75 billion by 2025, according to a new report by Grand View Research, Inc. The rising global energy demand along with the growing awareness towards reducing carbon dioxide emissions in most of the industrial economies is anticipated to drive the CCS market.

Browse the report: http://www.orbisresearch.com/reports/index/carbon-capture-and-storage-ccs-market-analysis-by-application-eor-industrial-and-agriculture-by-capture-technology-pre-combustion-industrial-oxy-firing-and-post-combustion-competitive-strategies-and-segment-forecasts-2014-2025

Currently, meaningful industrial CO2 capture is required particularly in the power sector.The increasing adoption of gas injection techniques for enhanced oil recovery (EOR) across several matured petroleum reserves globally is expected to be one of the key factors driving CCS demand.

Enhanced oil recovery (EOR) is expected to account for the highest demand with a net worth estimated to reach over 6.18 billion by 2025. Prevalence of factors such as depleting oil reserves globally coupled with heavy dependence on crude oil imports mainly in the Asia Pacific region is anticipated to be one of the major reasons driving the demand for EOR activities globally.

CCS requirement in high purity industrial applications such as natural gas processing, coal-to-liquid (CTL), ammonia, and hydrogen production facilities holds immense potential for project demonstration. The segment is estimated to witness the fastest growth in terms volume of CO2 captured. Carbon capture and storage demand in the industrial sector is expected to grow at a CAGR of 6.2% from 2016 to 2025.

Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/217594

Further key findings from the report suggest:

The global CCS demand exceeded 61 million tons in 2015 and is estimated to grow at a CAGR of 6% from 2016 to 2025.

Post-combustion capture technology is anticipated to grow at the highest CAGR of 15.6% from 2016 to 2025.

Pre-combustion capture technology demand in the U.S. is estimated to exceed a total volume of 80 million tons by 2025.

Stringent regulatory framework for cleaner environment coupled with increasing CO2 injection EOR technique in most of the depleted hydrocarbon basins are expected to be the major factors driving demand in North America.

The Asia Pacific carbon capture and storage industry is expected to grow at the highest CAGR of 9.7% from 2016 to 2024.

Key players include Shell CANSLV, AkerSolutions, Statoil, Linde Engineering, Mitsubishi Heavy Industries and Sulzer.

ACTL with North West Sturgeon Refinery CO2 Stream in Canada, Future Gen 2.0 Project in U.S.A, Preheat CCS & Don Valley Power Projects in UK are some of the upcoming projects over the next few years.

Major Points From The Table Of Contents:
Chapter One: Methodology and Scope
Chapter Two: Executive Summary
Chapter Three: Carbon Capture and Storage (CCS) Industry Outlook
Chapter Four: Carbon Capture and Storage (CCS) Market: Application Outlook
Chapter Five: Carbon Capture and Storage (CCS) Market: Capture Technology Outlook
Chapter Six: Carbon Capture and Storage (CCS) Market: Regional Outlook
Chapter Seven: Competitive Landscape
Chapter Eight: Company Profiles

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Information:

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
Email: sales@orbisresearch.com

This release was published on openPR.