The Global Carbon Capture And Storage (CCS) Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Carbon Capture And Storage (CCS) Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide.
Carbon Capture And Storage
(CCS) Market Research Methodology overview consists of primary and secondary research,
company share analysis, model (including Demographic data, Macroeconomic
indicators, and Industry indicators i.e. Expenditure, infrastructure, sector
growth, and facilities, etc), Research Limitations, and Revenue Based
Modelling. Comprehensive analysis of Carbon Capture And Storage (CCS) Market based
on current & future analysis depending on historic data also featured in
this Report.
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Industry Insights
The global market size of carbon capture and
storage (CCS) industry was 61,150 kilo tons in 2015. Rising pressure on nations
to cut down carbon dioxide emission coupled with demand for clean energy is
expected to drive the global carbon capture and storage market. Uprising in
global demand to bring down carbon emissions owing to climate change threats,
are augmenting the growth of the global CCS market.
Rising demand for global energy has fueled fossil
fuel combustion, giving rise to greenhouse gases. CCS is the forefront viable
technology which mitigates the greenhouse combustions and converts it into
clean energy saving fuel costs and further combustions.
Globally, there 22 projects are in operational
status and an additional 14 projects are anticipated to be functional in the
forecoming years. CCS technology is a proven cost effective and efficient
technology to bring down carbon emissions. Industry players are focusing on
developing new and more efficient carbon capture technologies and processes
such as Post Cap which is a post carbon capture technology. It’s basic foundation
is on amino acid salt (AAS) solution which is used as solvent. This is finds
use in coal-fired power stations and natural gas-fired power plants.
Technology Insights
Pre-combustion capture technologies for carbon
dioxide accounted for the major share owning 73% in 2015 and are estimated to
observe growth in the forecasting period. Utilizing water gas shift reaction
along with acid gas removal process is the current commercial trend that is
practiced globally. On version of these reasons pre-combustion capture
technology is assumed to control the capture sort segment in the nearby future.
An estimated growth of 15.6% is projected for
post-combustion capture technology in the period 2015-2025. Improved energy
generation coupled with advanced amine methods and heat mixing systems are
likely to be the core reasons driving the demand for CCS market during the
forecast period.
Application Insights
EOR activities accounted for more than 80% of total
global revenue in 2015. EOR techniques are finding rampant increase in
applications owing to depleting conventional oil in resources. Volatile oil
prices are expected to drive EOR operations across oil sites. Currently with
the crude oil prices staying low, global EOR operations are seeing a decrease
in activity but is expected to pick up in mid-2018.
Modern technologies utilizing carbon dioxide
realized in the production stage are expected to foster the growth for CCS
technologies in the near future. Growth in sectors such as petroleum refining,
chemical and manufacturing are expected to further have a positive impact in
this market.
Regional insights
North America CCS industry lead the global demand
accounted around 60% of the complete market. Rigid controlling framework for
cleaner surroundings tied with aggregate essential of carbon dioxide in EOR
practices owed to increasing figure of matured oilfields remain estimated to be
the main aspects motivating the industry saturation.
Asia Pacific CCS market is expected to rise at a
CAGR of 16.4% between the period 2016 to 2024. The trending regional economies
in the region such as China and India with countries such as Japan, Indonesia
and Malaysia are targeting on cleaner environment resulting in accelerated
economic growth in the areas thereby having a growth prospect in the carbon
capture and storage market.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Carbon Capture And Storage (CCS): Market Variables, Trends & Scope
Chapter
4 Carbon Capture And Storage (CCS): Product Estimates & Trend Analysis
Chapter
5 Carbon Capture And Storage (CCS): Application Estimates & Trend Analysis
Chapter
6 Carbon Capture And Storage (CCS): End-use Estimates & Trend Analysis
Chapter
7 Carbon Capture And Storage (CCS): Industrial End-use Estimates & Trend
Analysis
Chapter
8 Carbon Capture And Storage (CCS): Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Carbon Capture And Storage (CCS): Manufacturers Company Profiles
Top Key Players of Carbon
Capture And Storage (CCS) Market :
AkerSolutions, Shell CANSLV, Linde Engineering,
Statoil, Sulzer, and Mitsubishi Heavy Industries.
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