Report Description:
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 sequestration (CCS) is a proven climate change technology that helps to prevent the release of a large amount of CO2 from the use of fossil fuels in the atmosphere. CCS technology is used in different ways around the world and is already reducing emissions of greenhouse gases.
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The growth of the carbon capture and sequestration (CCS) market is primarily driven by growing concern about clean and pollution-free environment. Moreover, rapid evaluation and development of CCS technologies also drives the growth of the global carbon capture and sequestration (CCS) market. However, high investment costs and lack of awareness are creating a major hindrance to the growth of the global carbon capture and sequestration market. Apart from all these, the increased investment from Govt. regulatory bodies in carbon capture and sequestration (CCS) technology is expected to create major growth opportunities in the global market during the forecast period.
Global Carbon Capture and Sequestration (CCS) Market Forecast, 2016-2026, (US$ Bn)
The pre-combustion capture segment expected to grow at the fastest rate of 16.8% CAGR during the forecast period
Based on technology type, the global carbon capture and sequestration (CCS) market has been segmented into pre-combustion capture, post-combustion capture and oxy-fuel combustion. The pre-combustion capture is expected to grow at the fastest rate of CAGR 16.8% during the forecast period. CO2 pre-combustion capture using water gas shift reaction and acid gas removal (AGR) process is currently being practiced across the globe. The advantage of using the pre-combustion capture technology under pressure is that it imposes less than an energy cost, i.e. approximately 20% at 90% CO2 capture than the existing PCC technology (approx. 30%). The key factors driving its demand over the forecast period are expected to be increased energy generation, newly developed advanced amine systems and heat integration systems.
Based on application type, the EOR operations segment is expected to lead during the forecast period
Based on application type, the global carbon capture and sequestration (CCS) market has been segmented into EOR operations, industrial, agriculture and others. The EOR operations segment is anticipated to lead the global market with a 42% market share in 2018. Decreasing production rates in conventional oil reserves and growing dependency on crude oil imports mainly in the Asia Pacific have resulted in the growth of EOR gas injection techniques. During the forecast period, increasing prices of crude oil are also expected to drive market penetration in EOR applications. It is expected that the growing need to extract oil and gas from low permeability and unconventional resources including carbonate traps and tight sands will have a positive impact on global demand for the EOR application.
North America to dominate the carbon capture and sequestration (CCS) market throughout the forecast period
North America is accounted for nearly 31% share of the global carbon capture and sequestration (CCS) market and is expected to dominate the market throughout the forecast period. Strict regulation for a cleaner environment coupled with a rising need for carbon dioxide in enhanced oil recovery processes due to an increasing number of mature oilfields is expected to be the main driver of industry penetration. Meanwhile, due to more coal-fired power plants, the demand is expected to grow the Asia-Pacific with the fastest growth rate.
Company Profiles and Competitive Intelligence:
The major players operating in the global carbon capture and sequestration (CCS) market are AkerSolutions, Shell CANSOLV, Dakota Gasification Company, Statoil, Linde Engineering, Fluor, Siemens AG, Sulzer, Maersk Oil, and Mitsubishi Heavy Industries among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Carbon Capture and Sequestration (CCS) Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Carbon Capture and Sequestration (CCS) Market
1.3. Market Dynamics
1.4. Global Carbon Capture and Sequestration (CCS) Market, by Segment, 2018
1.4.1. Global Carbon Capture and Sequestration (CCS) Market, by Technology, 2018, (USD Million)
1.4.2. Global Carbon Capture and Sequestration (CCS) Market, by Application, 2018, (USD Million)
1.4.3. Global Carbon Capture and Sequestration (CCS) Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Carbon Capture and Sequestration (CCS) Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Carbon Capture and Sequestration (CCS) Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing concern for clean and pollution free environment
2.2.2. Rapid evaluation and development of CCS technologies
2.3. Market Restraints
2.3.1. High cost associated with CCS technologies
2.4. Market Opportunities
2.4.1. Increase investment from government regulatory bodies
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Carbon Capture and Sequestration (CCS) Market, by Technology
3.1. Market Overview, by Technology
3.1.1. Global Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Technology, 2018
3.2. Pre-Combustion Capture
3.2.1. Global Carbon Capture and Sequestration (CCS) Market, by Pre-Combustion Capture, 2016-2026, (USD Million)
3.3. Post-Combustion Capture
3.3.1. Global Carbon Capture and Sequestration (CCS) Market, by Post-Combustion Capture, 2016-2026, (USD Million)
3.4. Oxy-Fuel Combustion
3.4.1. Global Carbon Capture and Sequestration (CCS) Market, by Oxy-Fuel Combustion, 2016-2026, (USD Million)
Chapter 4 Global Carbon Capture and Sequestration (CCS) Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Carbon Capture and Sequestration (CCS) Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. EOR Operations
4.2.1. Global Carbon Capture and Sequestration (CCS) Market, by EOR Operations, 2016-2026, (USD Million)
4.3. Industrial
4.3.1. Global Carbon Capture and Sequestration (CCS) Market, by Industrial, 2016-2026, (USD Million)
4.4. Agriculture
4.4.1. Global Carbon Capture and Sequestration (CCS) Market, by Agriculture, 2016-2026, (USD Million)
4.5. Others
4.5.1. Global Carbon Capture and Sequestration (CCS) Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Carbon Capture and Sequestration (CCS) Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Carbon Capture and Sequestration (CCS) Market, by Region, 2016-2026, (USD Million)
5.1.2. Attractive Investment Opportunity, by Region, 2018
5.2. North America Carbon Capture and Sequestration (CCS) Market
5.2.1. North America Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
5.2.2. North America Carbon Capture and Sequestration (CCS) Market, by Application, 2016-2026 (USD Million)
5.2.3. United States Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.2.4. Canada Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.3. Europe Carbon Capture and Sequestration (CCS) Market
5.3.1. Europe Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
5.3.2. Europe Carbon Capture and Sequestration (CCS) Market, by Application, 2016-2026 (USD Million)
5.3.3. United Kingdom Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.3.4. Germany Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.3.5. France Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.3.6. Rest of Europe Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.4. Asia Pacific Carbon Capture and Sequestration (CCS) Market
5.4.1. Asia Pacific Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
5.4.2. Asia Pacific Carbon Capture and Sequestration (CCS) Market, by Application, 2016-2026 (USD Million)
5.4.3. China Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.4.4. Japan Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.4.5. India Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.4.6. Rest of Asia Pacific Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.5. Latin America Carbon Capture and Sequestration (CCS) Market
5.5.1. Latin America Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
5.5.2. Latin America Carbon Capture and Sequestration (CCS) Market, by Application, 2016-2026 (USD Million)
5.5.3. Brazil Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.5.4. Mexico Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.5.5. Rest of Latin America Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.6. Middle East & Africa Carbon Capture and Sequestration (CCS) Market
5.6.1. Middle East & Africa Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
5.6.2. Middle East & Africa Carbon Capture and Sequestration (CCS) Market, by Application, 2016-2026 (USD Million)
5.6.3. GCC Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
5.6.4. Rest of Middle East & Africa Carbon Capture and Sequestration (CCS) Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Technology
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Type Developments
Chapter 7 Company Profiles
7.1. AkerSolutions
7.1.1. AkerSolutions Overview
7.1.2. AkerSolutions Types Portfolio
7.1.3. AkerSolutions Financial Overview
7.1.4. AkerSolutions News/Recent Developments
7.2. Shell CANSOLV
7.2.1. Shell CANSOLV Overview
7.2.2. Shell CANSOLV Types Portfolio
7.2.3. Shell CANSOLV Financial Overview
7.2.4. Shell CANSOLV News/Recent Developments
7.3. Dakota Gasification Company
7.3.1. Dakota Gasification Company Overview
7.3.2. Dakota Gasification Company Types Portfolio
7.3.3. Dakota Gasification Company Financial Overview
7.3.4. Dakota Gasification Company News/Recent Developments
7.4. Statoil
7.4.1. Statoil Overview
7.4.2. Statoil Types Portfolio
7.4.3. Statoil Financial Overview
7.4.4. Statoil News/Recent Developments
7.5. Linde Engineering
7.5.1. Linde Engineering Overview
7.5.2. Linde Engineering Types Portfolio
7.5.3. Linde Engineering Financial Overview
7.5.4. Linde Engineering News/Recent Developments
7.6. Fluor
7.6.1. Fluor Overview
7.6.2. Fluor Types Portfolio
7.6.3. Fluor Financial Overview
7.6.4. Fluor News/Recent Developments
7.7. Siemens AG
7.7.1. Siemens AG Overview
7.7.2. Siemens AG Types Portfolio
7.7.3. Siemens AG Financial Overview
7.7.4. Siemens AG News/Recent Developments
7.8. Sulzer
7.8.1. Sulzer Overview
7.8.2. Sulzer Types Portfolio
7.8.3. Sulzer Financial Overview
7.8.4. Sulzer News/Recent Developments
7.9. Maersk Oil
7.9.1. Maersk Oil Overview
7.9.2. Maersk Oil Types Portfolio
7.9.3. Maersk Oil Financial Overview
7.9.4. Maersk Oil News/Recent Developments
7.10. Mitsubishi Heavy Industries
7.10.1. Mitsubishi Heavy Industries Overview
7.10.2. Mitsubishi Heavy Industries Types Portfolio
7.10.3. Mitsubishi Heavy Industries Financial Overview
7.10.4. Mitsubishi Heavy Industries News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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