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 Drivers
  • Incentives & Regulatory Support
  • Rising Investments in CCS
  • Industrial Reuse of Captured Carbon Dioxide
  • Improvements in Carbon Capturing and Storing Technologies
  • Introduction of Relevant Standardizations and Legislations
  • Public Outreach
  • Technological Advancements & Government Support
• Market Inhibitors/Challenges
  • High Cost of CCS
  • Environmental Concerns & Challenges
  • Uneven Division of Capital Investments among Stakeholders
  • Financing in CCS
  • Market Uncertainty
  • Technological Uncertainty
  • Rising Investments in Shale Projects
• Market Opportunities
  • Safety Issues
  • Global CCS Project Landscape

Key Report Features

• Full access to influencer engagement stats
• Free 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 capabilities
• Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
• Complimentary report updates for one year
• Competitor coverage with global market shares of major players
• Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
• Access 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 Company
• BP p.l.c
• Chevron Corporation
• Emissions Reduction Alberta
• Equinor ASA
• GE Vernova
• Japan CCS Co., Ltd.
• Schlumberger Limited
• SNC-Lavalin Group, Inc.
• Svante Technologies Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Carbon Capture and Storage (CCS): An Introduction
• Types of CCS Technologies
  • Carbon Capture
  • Post-Combustion
  • Pre-Combustion
  • Oxy-Fuel Combustion
  • CO2 Compression
  • CO2 Transportation
  • CO2 Storage
• Influencer Market Insights
• World Market Trajectories
• Global Economic Update
• Carbon 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 2020
• Global CO2 Emissions (In Billion Metric Tons) for Years 1930-2023
• Carbon Neutrality Goals of Various Countries
• Where 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 2022
• Evolving Role of Carbon Capture & Storage (CCS) Technologies
• Global Market Analysis and Prospects
• Global Carbon Capture & Storage Market Exudes Signs of Captivating Performance
• Carbon Capture, Utilization & Storage: An Approach to Paint the World Green
• Pre-Consumption, Power Generation & Oil & Gas: Upbeat Segments of Global Carbon Capture & Storage Market
• Power Generation as Key Application Segment
• Oil & Gas Remains Primary End-Use Segment
• North America at Vanguard of Global Carbon Capture & Storage Market
• Scaling of CCUS Warrants Attention to Attain Net-Zero Emissions
• Favorable Policies to Drive Growth
• Challenging Scenario for CCS
• Regional Review
• Number of Large-Scale Carbon Capture and Storage (CCS) Facilities Worldwide by Status: 2023
• CO2 Capture and Storage Annual Capacity (Mtpa) by Stage: 2010, 2015, and 2020 .
• Commercial CCS Facilities in Construction, Advanced and Early Development: 2022
• A Peek into Important Global Projects
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Enhanced Oil Recovery Offers Strong Growth Opportunities
• Global Enhanced Oil Recovery Projects in Operation by Technology: 2023
• Top Countries with Proven Reserves of Crude Oil (in Billion Barrels): 2023
• Growing Emphasis on Hydrogen Production with CCS Augurs Well
• Leveraging Blue Hydrogen
• High Growth Opportunities Identified in Power Sector
• China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand (GED) in TWh for 2017-50
• Growing Relevance of CCS in Bioenergy Domain
• Direct Air Capture with Carbon Storage: The New Upcoming Vertical
• Increasing Industrialization and Urbanization Levels Trigger Demand
• Natural Gas Processing : An Important Market
• Global Natural Gas Production (In Billion Cubic Feet per Day) by Type for the Years 2017, 2020, 2025, 2030 and 2040
• Rising Contribution from Oil & Gas Industry
• Aligning Energy Assets to Carbon Capture
• Capturing Carbon from Atmosphere
• Startups Enter the Fray
• R&D in CCS Continues to Gain Pace
• Technological Innovations to Push CCUS
• How Artificial Intelligence is Revolutionizing Carbon Capture Technology
• Scientists Develop AI-Based Tool to Enhance Underground Carbon Sequestration
• Use of AI for Identifying Optimal Carbon Storage Sites
• Digitalization to Realize Big Carbon Capture and Storage Dreams

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• United States
• Canada
• Japan
• China
• Europe
• France
• Germany
• Italy
• United Kingdom
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• Australia
• India
• South Korea
• Rest of Asia-Pacific
• Latin America
• Argentina
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• Iran
• Israel
• Saudi Arabia
• United Arab Emirates
• Rest of Middle East
• Africa

IV. COMPETITION

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

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