Carbon capture and sequestration (CCS) basically is a technology that has the potential of capturing approximately 90% of the carbon dioxide emissions produced by the use of fossil fuels in industrial processes and electricity generation that helps in preventing the carbon dioxide from entering the atmosphere. The CCS chain consists of mainly three parts known as the capturing of the carbon dioxide, transportation of the carbon dioxide and storage of carbon dioxide emissions in deep saline aquifer formations or underground in depleted oil and gas fields.
MARKET DYNAMICS
The carbon capture and sequestration market are estimated to grow in the forecast period owing to increasing environmental concerns coupled with the increasing demand for CO2-EOR techniques. However, the high cost of carbon capture & sequestration might restrict the growth of the carbon capture and sequestration market. On the other hand, the second-generation capturing techniques enabling economic operations is likely to showcase growth prospects for the carbon capture and sequestration market during the forecast period.
MARKET SCOPE
The "Global Carbon Capture and Sequestration Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of carbon capture and sequestration market with detailed market segmentation by application, serivce and geography. The global carbon capture and sequestration market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carbon capture and sequestration market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carbon capture and sequestration market is segmented on the basis of application and services. Based on application, the market is segmented as EOR process, industrial, agricultural and others. On the basis of service, the market is segmented as capture transportation and storage.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carbon capture and sequestration market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The carbon capture and sequestration market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting carbon capture and sequestration market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the carbon capture and sequestration market in these regions.
MARKET PLAYERS
The reports cover key developments in the carbon capture and sequestration market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from carbon capture and sequestration market are anticipated to lucrative growth opportunities in the future with the rising demand for carbon capture and sequestration in the global market. Below mentioned is the list of few companies engaged in the carbon capture and sequestration market.
The report also includes the profiles of key carbon capture and sequestration companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Aker Solutions
- Exxonmobil Corporation
- Fluor Corporation
- General Electric
- Halliburton
- Hitachi, Ltd.
- Honeywell International Inc.
- Linde AG
- Mitsubishi Heavy Industries, Ltd.
- Schlumberger Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.