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Carbon Capture and Storage Market (CCS) was valued US $ 4.88 Bn in 2018 and is estimated to reach US $ XX Bn by 2026 at a CAGR of about XX% during a forecast.
Carbon Capture and Storage Market (CCS) is a crucial resolution in the contest against the global changes in the climatic conditions. The rise in energy demand globally have led to the increase in uses of fossil fuels, the major source of carbon emission. CCS is the most feasible technology currently available to reduce greenhouse gas emissions from large scale fossil fuel usage. The high cost of the technology is a major restrain for growth of the market.
However, the technology providers have been working on research and development to rise the economies of scale of the CCS projects. Some of the factors such as inconsistent government regulations and economic slowdown in the past few years especially in Europe and China are the major factors responsible for the slow growth of the market.
Carbon Capture and Storage Market (CCS) is segmented into technology, Application, and region. Based on Technology, Pre-combustion capture technologies for carbon dioxide established the largest share accounting for over XX % in 2018 and are anticipated to witness considerable growth over the forecast period. Advantage of using this capture technology under pressure is that it incurs less of an energy cost.
Pre-combustion capture technology is anticipated to dominate the capture type sector in the next few years. The post-combustion capture technology is expected to grow at the highest CAGR of XX % from 2019 to 2027. Increased energy generation, newly developed advanced amine systems and heat integration systems are anticipated to be the major factors driving its demand over the forecast period.
On the basis of application, Enhanced Oil recovery (EOR) segment hold the XX % of largest share of the market in 2018. Volatile crude oil prices are anticipated to drive market penetration in EOR applications in the next few year. The increase in need to extract oil & gas from low permeability and unconventional reserves including carbonate traps and tight sands is anticipated to positively influence the global EOR process demand.
In terms of region, North America is estimated to dominate the global demand accounting for over XX % of the total market. In North America, U.S. accounts for the XX % share of the market. Asia-Pacific is anticipated to witness the fastest CAGR over the forecast period, owing to the presence of coal-fired power plants in this region.
The objective of the report is to present comprehensive analysis of Carbon Capture and Storage Market (CCS) including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Carbon Capture and Storage Market (CCS) dynamics, structure by analyzing the market segments, and project the Carbon Capture and Storage Market (CCS) size. Clear representation of competitive analysis of key players by Carbon Capture and Storage Market (CCS) Type, price, financial position, product portfolio, growth strategies, and regional presence in the Carbon Capture and Storage Market (CCS) make the report investor’s guide.
Market Scope of Carbon Capture and Storage Market (CCS)
Carbon Capture and Storage Market, (CCS) by Technology
Carbon Capture and Storage Market, (CCS) Application
• Enhanced Oil recovery (EOR)
Carbon Capture and Storage Market, (CCS) Geography
• North America
• Middle East & Africa
• Latin America
Key players operating in the Carbon Capture and Storage Market (CCS)
• Siemens AG
• Mitsubishi Heavy Industries Ltd
• Hitachi Ltd
• Aker Solutions
• Fluor Corporation
• Honeywell International Inc.
• Linde AG
• Exxonmobil Corporation
• General Electric
• Schlumberger Limited
• Shell Global
• Dakota Gasification Company
• Japan CCS Co., Ltd.
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