MARKET INTRODUCTION
Carbon capture and storage is the emission reduction process that is involved in capturing carbon dioxide from various different sources of emission, then separating it from other gases and transferring it to a suitable location for the storage. This technology is being adopted and implemented across the globe considering the cumulative commitment of industrial stakeholders in limiting CO2 emissions coupled with ongoing dominant role of fossil fuels in energy generation.
MARKET DYNAMICS
The major factors that are boosting the growth of the carbon capture and storage market are the increasing demand for CO2 injection technique for enhanced oil recovery (EOR), and strict government regulations towards GHG emissions. In addition, the boosting prominence for bioenergy carbon capture and storage (BECCS) is anticipated to provide significant growth opportunities for the carbon capture and storage market growth in the coming years.
MARKET SCOPE
The "Global Carbon Capture and Storage Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of carbon capture and storage market with detailed market segmentation by component, end-user industry, and geography. The global carbon capture and storage 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 storage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carbon capture and storage market is segmented on the basis of component and end-user industry. Based on component, the market is segmented as Carbon Capture Technologies and Carbon Storage. Based on end-user industry, the carbon capture and storage market is divided into Oil and Gas, Manufacturing, Chemicals, Food and Beverage, Others.
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 storage 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 storage 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 storage 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 the carbon capture and storage market for each region.
MARKET PLAYERS
The reports cover key developments in the carbon capture and storage 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 storage market are anticipated to lucrative growth opportunities in the future with the rising demand for carbon capture and storage in the global market. Below mentioned is the list of few companies engaged in the carbon capture and storage market.
The report also includes the profiles of key 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 development in the past five years.
- Aker Solutions ASA
- Carbon Engineering Ltd.
- Chevron Corporation
- Equinor ASA
- Exxon Mobil Corporation
- Halliburton Company
- NRG Energy, Inc.
- Occidental Petroleum Corporation
- Royal Dutch Shell plc
- Schlumberger
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.