“Growing concern for clean and pollution free environment and rapid evaluation and development of CCS technologies to drive the growth of the carbon capture and sequestration (CCS) market.”
The global carbon capture and sequestration (ccs) market was valued at USD 4.84 billion in 2018 and is expected to reach USD 15.12 billion in 2026, growing at a CAGR of 15.5% during the forecast period.
Carbon Capture and Storage (CCS) is an emission reduction mechanism aimed at preventing the release of significant amounts of carbon dioxide into the atmosphere. The process includes carbon dioxide capture, transport, and disposal in order to not escape into the atmosphere. The process involves three major steps and technologies such as capture, which involves extracting CO2 from gasses generated from various procedures. The second step is transport; this includes moving the collected CO2 to a suitable storage site with the help of tanks, trucks, and boats. The final step is storage, which includes CO2 injection into the underground rock formation, deep wells, and depleted reservoirs.
Some of the key players covered in the carbon capture and sequestration (CCS) Market report include
Dakota Gasification Company
Mitsubishi Heavy Industries
As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application, and geography.
By Product Type
North America [United States, Canada, Mexico]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
Middle East & Africa [GCC, North Africa, South Africa]
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Our experts synthesize information from proprietary databases, syndicated reports, primary research, and secondary data, such as company reports, press releases, published peer-reviewed journal articles, disease registries, and general news media to provide a complete picture of your Market. Our approach ensures that every data point and inference go through multiple validations while leveraging a variety of sources to formulate market and opportunity size.
Based on the technology, the pre-combustion capture segment expected to grow at the fastest rate of 16.8% CAGR during the forecast period
Based on application type, the EOR operations segment is expected to lead with 42% market share during the forecast period
North America to dominate with 31% market share in the carbon capture and sequestration (CCS) market
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Key Target Audience:
Raw material suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policymakers
Organizations, forums, and alliances related to carbon capture and sequestration (CCS) forums and alliances related to carbon capture and sequestration (CCS)
Recent News in Carbon Capture and Storage (CCS) Industry:
In September 2019, Big Oil launched initiative for 'large-scale' CCS. A coalition was made up of some of the world's largest oil companies in order to introduced initiative and plans to commercialize of carbon capturing as well as usage and storage technologies.
In June 2019, The UK government roll-out one of the largest carbon capture project and funded nearly USD 32 million (GBP 26 million). It aims to remove 40,000 tonnes of CO2 from the atmosphere each year till 2021.
Key Highlights of the Table of Contents:
carbon capture and sequestration (CCS) Market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global carbon capture and sequestration (CCS) Market, and study objectives. Additionally, it touches on the segmentation study provided in the report based on the type of product and applications.
carbon capture and sequestration (CCS) Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.
carbon capture and sequestration (CCS) Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.
carbon capture and sequestration (CCS) Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.
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