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Carbon Capture and Storage market to reach $4.205 billion by 2022
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Global Carbon Capture and Storage market is expected to grow from $2.253 billion in 2016 to reach $4.205 billion by 2022 with a CAGR of 10.9%. Rising demand for Co2-EOR new techniques, increasing number of environmental issues are propelling the market growth. However, huge initial cost required in implementing carbon capture technologies and strict regulations are some of the factors hindering the market growth.
Based on the end user segment, power and oil and gas segment leads the market globally and the growth of this segment is attributed to rising focus of emerging countries in minimizing co2 emissions during power generation. On the other hand, in application segment enhanced oil recovery (EOR) process is expected to grow with a high CAGR during the forecast period. The growth of this segment is rising as c02 is widely used in oil and gas companies to reduce gas pressure. North America leads the market globally due to the growing number of oilfields in this region.
Some of the key players in global carbon capture and storage market include Siemens AG, Mitsubishi Heavy Industries Ltd, Hitachi Ltd, Aker Solutions, Fluor Corporation, Honeywell International Inc, Linde AG, Exxonmobil Corporation, General Electric, Halliburton, Schlumberger Limited, Shell Global, Statoil, Dakota Gasification Company, and Japan CCS Co., Ltd.
Services Covered:
Carbon Storage
Carbon Transpotation
Carbon Capture
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Technologies Covered:
Post-Combustion Capture
Industrial Separation Capture
OXY-Fuel Combustion Capture
Pre-Combustion Capture
Applications Covered:
Agriculture
Enhanced Oil Recovery (EOR) process
Industries
End-Users Covered:
Manufacturing sector
Power and oil and gas sector
Food & beverages
Chemical Industries
Coal and biomass Power Plants
Iron & Steel
Other end users
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Regions Covered:
North America
o US
o Canada
o Mexico
? Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Research Trades has a team of experts who work on providing exhaustive analysis pertaining to market research on a global basis. This comprehensive analysis is obtained by a thorough research and study of the ongoing trends and provides predictive data regarding the future estimations, which can be utilized by various organizations for growth purposes.
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