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Report Scope & Overview:

Carbon Capture Utilization and Storage Market Size was valued at USD 2.39 billion in 2022, and expected to reach USD 6.77 billion by 2030, and grow at a CAGR of  13.9% over the forecast period 2023-2030. Because more money is being spent on research and development around the world, there is more demand for the Carbon Capture and Storage Market to grow. The Carbon Capture and Storage Market is the process of capturing carbon dioxide emissions from things like coal-fired power plants and either reusing or storing the gas to protect the atmosphere and keep it from getting dirty. The biggest and most important source of carbon dioxide is the process of making electricity. The main thing that helps the Carbon Capture and Storage Market grow is that people are becoming more aware of greenhouse gas emissions, which saves the environment from pollution and makes people want to use it more.

Carbon Capture Utilization and Storage Market Revenue Analysis

Market Dynamics:

Drivers:

  • CO2 emissions are getting more and more attention.

  • CO2-EOR techniques are becoming more popular.

  • Government programmes that help with carbon capture, use, and storage

Restraints:

  • Getting rid of carbon and storing it costs a lot.

  • Worries about safety at storage sites

Opportunity:

  • Investments in developing new capturing technologies allow businesses to run smoothly.

  • Asia-Pacific has a lot of projects coming up.

  • Large Hydrogen Projects Will Be Announced

Challenge:

  • Bringing down the cost of CO2 capture

  • High costs at the start

Impact of Covid-19:

Because of the COVID-19 pandemic, the market for carbon capture, use, and storage is expected to go down in 2020. The whole world has been hurt by this deadly virus, but North America and Europe have been hit the hardest. To stop this virus from spreading even more, businesses have shut down their operations and factories, and the government has put limits on building. This has led to a drop in the amount of carbon capture, use, and storage used by industries that use carbon.

COVID-19 and other regulatory problems, like long processes for getting permits, have slowed down the production of end-use industries, which has decreased the need for carbon capture, use, and storage. But it is expected that demand for carbon capture, use, and storage will rise again in 2021. China was the first country to be affected by COVID-19, which messed up the global supply chain for carbon capture, use, and storage and slowed down production in several end-use industries. But many end-use industries have started making things again and are expected to get back to normal soon. This is driving up the demand for carbon capture, use, and storage.

Key Players:

Aker solutions, Mitsubishi heavy industries limited, Fluror corporation, Equinor ASA, Royal dutch shell Plc, Linde Plc, JGC holdings corporation, Exxon Mobil corpration, Total energies SE, Schlumberger limited, Honeywell International Inc

Market Segmentation:

By Service

  • Capture

  • Transportation

  • Utilization

  • Storage

By Technology

  • Pre-Combustion Capture

  • Oxy-Fuel Combustion Capture

  • Post-Combustion Capture

By End-Use Industry

  • Oil & Gas

  • Power Generation

  • Iron & Steel

  • Chemical & Petrochemical

  • Cement

  • Others 

Carbon Capture Utilization and Storage Market Segmentation Analysis

Regional Analysis:

North America, Asia-Pacific, Europe, and the rest of the world are the main places where the growth of the market is being looked at. North America is the most important area for the growth of the Carbon Capture and Storage Market. Because this region is so important to the growth of the CCS market, it has the largest share of the market, which makes the revenue grow. The area in North America that has grown the most in recent years. But it is certain that the Asia-Pacific region will grow over the next few years. This growth is due to projects that are still in the early stages of development. During the forecast period, growth in other places like Europe, the Middle East, Africa, and Latin America is expected to improve. These places are expected to grow in the coming years.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Carbon Capture Utilization and Storage Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 2.39 Billion
Market Size by 2030 US$ 6.77 Billion
CAGR CAGR of 13.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Service (Captur, Transportation, Utilization, Storage)
• By Technology (Pre-Combustion Captur, Oxy-Fuel Combustion Capture, Post-Combustion Capture,)
• By End-Use Industry (Oil & Gas, Power Generation, Iron & Steel, Chemical & Petrochemical, Cement, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Aker solutions, Mitsubishi heavy industries limited, Fluror corporation, Equinor ASA, Royal dutch shell Plc, Linde Plc, JGC holdings corporation, Exxon Mobil corpration, Total energies SE, Schlumberger limited, Honeywell International Inc
DRIVERS • CO2 emissions are getting more and more attention.
• CO2-EOR techniques are becoming more popular.
• Government programmes that help with carbon capture, use, and storage
Restraints • Getting rid of carbon and storing it costs a lot.
• Worries about safety at storage sites

Frequently Asked Questions

Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Because of the COVID-19 pandemic, the market for carbon capture, use, and storage is expected to go down in 2020. The whole world has been hurt by this deadly virus, but North America and Europe have been hit the hardest. To stop this virus from spreading even more, businesses have shut down their operations and factories, and the government has put limits on building. This has led to a drop in the amount of carbon capture, use, and storage used by industries that use carbon.

 

Ans: Aker solutions, Mitsubishi heavy industries limited, Fluror corporation, Equinor ASA, Royal dutch shell Plc, Linde Plc, JGC holdings corporation, Exxon Mobil corpration, Total energies SE, Schlumberger limited and  Honeywell International Inc are the major key players of  Carbon Capture Utilization and Storage Market.

 

 

Ans: Carbon Capture Utilization and Storage Market Size was valued at USD 2.1 billion in 2021, and expected to reach USD 5.38 billion by 2028, and grow at a CAGR of  13.9 % over the forecast period 2022-2028.

Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Carbon Capture Utilization and Storage Market  Segment, By Service

8.1 Capture

8.2 Transportation

8.3 Utilization

8.4 Storage

 

9.Carbon Capture Utilization and Storage Market  Segment, By Technology

9.1 Pre-Combustion Capture

9.2 Oxy-Fuel Combustion Capture

9.3 Post-Combustion Capture

 

10.Carbon Capture Utilization and Storage Market  Segment, By End-Use Industry

10.1 Oil & Gas

10.2 Power Generation

10.3 Iron & Steel

10.4 Chemical & Petrochemical

10.5 Cement

10.6 Others 

 

11.Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1 Aker solutions

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Mitsubishi heavy industries limited

12.3 Fluror corporation

12.4 Equinor ASA

12.5 Royal dutch shell Plc

12.6 Linde Plc

12.7 JGC holdings corporation

12.8 Exxon Mobil corporation

12.9 Total energies SE

12.10 Schlumberger limited

12.11 Honeywell International Inc

 

 13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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