Carbon Capture and Storage (CCS) is a technology that can capture up to 90% of the carbon dioxide (CO2) emissions produced from the use of fossil fuels in electricity generation and industrial processes, preventing the carbon dioxide from entering the atmosphere.
Carbon dioxide can be captured out of air or fossil fuel power plant flue gas using adsorption (or carbon scrubbing), membrane gas separation, or adsorption technologies. Amines are the leading carbon scrubbing technology. Storage of the CO2 is envisaged either in deep geological formations, or in the form of mineral carbonates. Geological formations are currently considered the most promising sequestration sites.
The global Carbon Capture and Sequestration (CCS) market was 4430 million US$ in 2020 and is expected to 14200 million US$ by the end of 2025, growing at a CAGR of 15.7% between 2020 and 2025.
The report offers detailed coverage of Carbon Capture and Sequestration (CCS) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Carbon Capture and Sequestration (CCS) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Carbon Capture and Sequestration (CCS) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Carbon Capture and Sequestration (CCS) market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Siemens
Aker Solutions
Fluor
Mitsubishi Heavy Industries
Halliburton
Honeywell International
Shell Global
Maersk Oil
By the product type, the market is primarily split into
Industrial Process
Oxy-Combustion
Pre-Combustion
Post-Combustion
By the end users/application, this report covers the following segments
Enhanced Oil Recovery
Industrial
Agricultural
Others
At the same time, we classify Carbon Capture and Sequestration (CCS) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Carbon Capture and Sequestration (CCS) market for the forecast period 2020 - 2025?
• What are the driving forces in the Carbon Capture and Sequestration (CCS) market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Carbon Capture and Sequestration (CCS) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?