Market Research Future (MRFR) has announced a new release on the global carbon capture and storage market. The report discusses the global carbon capture and storage market’s growth prospects over the forecast period from 2018 to 2023 based on the market’s historical growth trajectory and key drivers and restraints.
Carbon
capture and storage is a technology used to retrieve carbon produced in a
variety of activities and store it in safe sites such as underground rock
formations and unused oil wells. This prevents the release of large amounts of
carbon dioxide into the atmosphere, thus helping keep the environment clean.
Industry Highlights
CCS
process involves collection, transportation and injection of captured carbon
deep into the ground. The procedure is complex however effective. In CCS, CO2
is segregated from other gases and stored separately. After separation, the
captured CO2 is transported to suitable reservoir with helps tracks, ships and
pipelines. The capture is usually injected into deep wells or underground rock
formation, which eliminates any chance of escape.
The
three main stages of carbon capture and storage include capturing gaseous
emissions and separating carbon dioxide from the overall gas mixture,
transporting the carbon dioxide to the storage site through pipelines, ships,
or trucks, and storing it in the aforementioned sites. Sites such as
underground rock formations present the best solution for storing carbon
dioxide in the long term, as they don’t allow the carbon dioxide to escape and
assimilate it over time.
Competitive Landscape:
·
Cansolv
Technologies Inc (Canada),
·
Aker Solutions
(U.S.),
·
NRG Energy
(U.S.),
·
Chevron
Corporation (U.S.),
·
Shell (U.S.),
·
Fluor
Corporation (U.S.),
·
Japan CCS
(Japan),
·
Climeworks AG
(Switzerland),
·
Dakota
Gasification Company (U.S.) and
·
The Linde Group
(Germany)
Segmentation:
The global carbon capture and
storage market is segmented on the basis of type, application, and
region.
By type, the global carbon
capture and storage market is segmented into pre-combustion, post-combustion,
and oxy fuel combustion. The pre-combustion segment is likely to hold a
dominant share in the global carbon capture and storage market over the forecast
period due to the widespread applicability of the technology in gasification
combined cycle power plants.
By application, the global
carbon capture and storage market is segmented into enhanced oil recovery
(EOR), agriculture, and industrial. EOR is likely to hold a dominant share in
the global carbon capture and storage market over the forecast period due to
its suitability as a carbon reservoir.
By end use, the carbon
capture and storage market is segmented into the iron and steel industry, oil
and gas industry, chemical industry, and others.
Regional Analysis
On the basis of region, the
global carbon capture and storage market is segmented into North America,
Europe, Asia Pacific, and the Middle East and Africa.
North America is likely to
hold a dominant share in the global carbon capture and storage market over the
forecast period due to the widespread presence of a large number of CCS plants
in the region. The growing industrial sector in the U.S. and increasing carbon
emissions during energy generation procedures are likely to drive the demand
from the carbon capture and storage market in North America over the forecast
period.
The Middle East and Africa
could also emerge as a major player in the global carbon capture and storage
market over the forecast period due to the presence of large carbon capture
projects in Saudi Arabia and Algeria. Europe also holds a significant share in
the global carbon capture and storage market due to the extensive oil and gas
operations in the North Sea, which have opened up the possibility of carbon
storage in oil wells in the region.
Get Full Report at: https://www.marketresearchfuture.com/reports/carbon-capture-storage-market-1862
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Process
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces
Analysis
3.2 Value Chain/Supply Chain
Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Carbon Capture And
Storage, By Technology
5.1 Introduction
5.2 Pre-Combustion
5.3 Post-Combustion
5.4 Oxy-Fuel Combustion
6 Global Carbon Capture And
Storage, By Applications
6.1 Introduction
6.2 EOR
6.3 Agriculture
6.4 Industrial
7 Global Carbon Capture And
Storage, By End-Use
7.1 Introduction
7.2 Iron Steel
7.3 Oil And Gas
7.4 Chemical
Continued….
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