The International Carbon Capture and Storage market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation.
In the coming years there is an increasing demand for Carbon Capture and Storage in the regions of United States and Europe that is expected to drive the market for more advanced Carbon Capture and Storage. Growth in government budgets in the principal countries, increasing of power generation fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Carbon Capture and Storage will drive growth in United States and Europe markets.
For the Carbon Capture and Storage market, Exxonmobil Corporation, Schlumberger, Linde AG, Halliburton and BASF respectively account for 13.70%, 10.08%, 6.81%, 6.09% and 5.96% market share in 2018, and the sum of the market share percentage held by the largest number of firms in this industry is less than 50%, which indicate that the Carbon Capture and Storage industry is perfectly competitive and is considered low concentration.
Globally, the Carbon Capture and Storage industry market is low concentrated as the manufacturing technology of Carbon Capture and Storage is relatively immatures than some high-tech equipment. And some enterprises, like ExxonMobil, Schlumberger, Huaneng, etc. are well-known for the wonderful performance of their Carbon Capture and Storage and related services. At the same time, Americas, occupied 49% market share in 2018, is remarkable in the global Carbon Capture and Storage industry because of their market share and technology status of Carbon Capture and Storage.
As the report focuses on global Carbon Capture and Storage market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In market segmentation by manufacturers, the report covers the following companies-
Exxonmobil Corporation
Schlumberger
Huaneng
Linde AG
Halliburton
BASF
General Electric
Siemens
Honeywell UOP
Sulzer
Equinor
NRG
AkerSolutions
Shell
Skyonic Corp.
Mitsubishi Hitachi
Fluor
Sinopec
In market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types covers:
Pre-Combustion Carbon Capture
Oxy-Combustion Carbon Capture
In market segmentation by applications :
Oil & Gas
Power Generation
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
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 Storage market for the forecast period 2020 - 2025?
• What are the driving forces in the Carbon Capture and Storage 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 Storage 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?