Carbon Capture and Storage Global Market Outlook Report 2024-2030: Direct Air Capture with Carbon Storage – The New Upcoming Vertical

DUBLIN, March 28, 2024 /PRNewswire/ — The “Carbon Capture and Storage – Global Strategic Business Report” has been added to  ResearchAndMarkets.com’s offering.

The global market for Carbon Capture and Storage estimated at US$3.6 Billion in the year 2023, is projected to reach a revised size of US$7.1 Billion by 2030, growing at a CAGR of 9% over the analysis period 2023-2030.

Pre-Combustion Technology, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$4.9 Billion by the end of the analysis period. Growth in the Post Combustion Technology segment is estimated at 10.1% CAGR for the next 8-year period.

The Carbon Capture and Storage market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$734.1 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Key Market Dynamics

Market DriversIncentives & Regulatory SupportRising Investments in CCSIndustrial Reuse of Captured Carbon DioxideImprovements in Carbon Capturing and Storing TechnologiesIntroduction of Relevant Standardizations and LegislationsPublic OutreachTechnological Advancements & Government SupportMarket Inhibitors/ChallengesHigh Cost of CCSEnvironmental Concerns & ChallengesUneven Division of Capital Investments among StakeholdersFinancing in CCSMarket UncertaintyTechnological UncertaintyRising Investments in Shale ProjectsMarket OpportunitiesSafety IssuesGlobal CCS Project Landscape

Key Report Features

Full access to influencer engagement statsFree access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilitiesFull client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideasComplimentary report updates for one yearCompetitor coverage with global market shares of major playersPlayer market presence analysis (Strong/Active/Niche/Trivial) across multiple geographiesAccess to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

The report covers 100 key competitors in the industry.  

A selection of featured companies include:

Archer-Daniels-Midland CompanyBP p.l.cChevron CorporationEmissions Reduction AlbertaEquinor ASAGE VernovaJapan CCS Co., Ltd.Schlumberger LimitedSNC-Lavalin Group, Inc.Svante Technologies Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Carbon Capture and Storage (CCS): An IntroductionTypes of CCS TechnologiesCarbon CapturePost-CombustionPre-CombustionOxy-Fuel CombustionCO2 CompressionCO2 TransportationCO2 StorageInfluencer Market InsightsWorld Market TrajectoriesGlobal Economic UpdateCarbon Capture and Storage – Global Key Competitors Percentage Market Share in 2023 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)Net Zero Carbon Goals: How Feasible Are They & What is Needed To Make Them Work?Average Global Surface Temperatures (In Degrees Centigrade) for Years 1880 to 2020Global CO2 Emissions (In Billion Metric Tons) for Years 1930-2023Carbon Neutrality Goals of Various CountriesWhere Does CCS Stand in the Action Plan to Curtail Climate Change?Rising Carbon Dioxide Emissions Drive Focus onto Clean Energy: Global CO2 Emissions Breakdown (in %) by Region for 2022Evolving Role of Carbon Capture & Storage (CCS) TechnologiesGlobal Market Analysis and ProspectsGlobal Carbon Capture & Storage Market Exudes Signs of Captivating PerformanceCarbon Capture, Utilization & Storage: An Approach to Paint the World GreenPre-Consumption, Power Generation & Oil & Gas: Upbeat Segments of Global Carbon Capture & Storage MarketPower Generation as Key Application SegmentOil & Gas Remains Primary End-Use SegmentNorth America at Vanguard of Global Carbon Capture & Storage MarketScaling of CCUS Warrants Attention to Attain Net-Zero EmissionsFavorable Policies to Drive GrowthChallenging Scenario for CCSRegional ReviewNumber of Large-Scale Carbon Capture and Storage (CCS) Facilities Worldwide by Status: 2023CO2 Capture and Storage Annual Capacity (Mtpa) by Stage: 2010, 2015, and 2020 .Commercial CCS Facilities in Construction, Advanced and Early Development: 2022A Peek into Important Global ProjectsRecent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Enhanced Oil Recovery Offers Strong Growth OpportunitiesGlobal Enhanced Oil Recovery Projects in Operation by Technology: 2023Top Countries with Proven Reserves of Crude Oil (in Billion Barrels): 2023Growing Emphasis on Hydrogen Production with CCS Augurs WellLeveraging Blue HydrogenHigh Growth Opportunities Identified in Power SectorChina and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand (GED) in TWh for 2017-50Growing Relevance of CCS in Bioenergy DomainDirect Air Capture with Carbon Storage: The New Upcoming VerticalIncreasing Industrialization and Urbanization Levels Trigger DemandNatural Gas Processing : An Important MarketGlobal Natural Gas Production (In Billion Cubic Feet per Day) by Type for the Years 2017, 2020, 2025, 2030 and 2040Rising Contribution from Oil & Gas IndustryAligning Energy Assets to Carbon CaptureCapturing Carbon from AtmosphereStartups Enter the FrayR&D in CCS Continues to Gain PaceTechnological Innovations to Push CCUSHow Artificial Intelligence is Revolutionizing Carbon Capture TechnologyScientists Develop AI-Based Tool to Enhance Underground Carbon SequestrationUse of AI for Identifying Optimal Carbon Storage SitesDigitalization to Realize Big Carbon Capture and Storage Dreams

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

United StatesCanadaJapanChinaEuropeFranceGermanyItalyUnited KingdomSpainRussiaRest of EuropeAsia-PacificAustraliaIndiaSouth KoreaRest of Asia-PacificLatin AmericaArgentinaBrazilMexicoRest of Latin AmericaMiddle EastIranIsraelSaudi ArabiaUnited Arab EmiratesRest of Middle EastAfrica

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/d91398

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