ID: MRFR/E&P/1330-HCR | 128 Pages | Author: Chitranshi Jaiswal | May 2023
Table of content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining power of buyers
3.1.3 Bargaining power of suppliers
3.1.4 Threat of substitutes
3.1.5 Segment rivalry
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
5.2.1 Market Estimates & Forecast, 2022-2030
5.2.2 Market Estimates & Forecast by Region, 2022-2030
5.3 Post-combustion
5.3.1 Market Estimates & Forecast, 2022-2030
5.3.2 Market Estimates & Forecast by Region, 2022-2030
5.4 Oxy-fuel combustion
5.4.1 Market Estimates & Forecast, 2022-2030
5.4.2 Market Estimates & Forecast by Region, 2022-2030
6 Global Carbon Capture and Storage, By Applications
6.1 Introduction
6.2 EOR
6.2.1 Market Estimates & Forecast, 2022-2030
6.2.2 Market Estimates & Forecast by Region, 2022-2030
6.3 Agriculture
6.3.1 Market Estimates & Forecast, 2022-2030
6.3.2 Market Estimates & Forecast by Region, 2022-2030
6.4 Industrial
6.4.1 Market Estimates & Forecast, 2022-2030
6.4.2 Market Estimates & Forecast by Region, 2022-2030
7 Global Carbon Capture and Storage, By End-Use
7.1 Introduction
7.2 Iron steel
7.2.1 Market Estimates & Forecast, 2022-2030
7.2.2 Market Estimates & Forecast by Region, 2022-2030
7.3 Oil and gas
7.3.1 Market Estimates & Forecast, 2022-2030
7.3.2 Market Estimates & Forecast by Region, 2022-2030
7.4 Chemical
7.4.1 Market Estimates & Forecast, 2022-2030
7.4.2 Market Estimates & Forecast by Region, 2022-2030
7.5 Others
7.5.1 Market Estimates & Forecast, 2022-2030
7.5.2 Market Estimates & Forecast by Region, 2022-2030
8 Global Carbon Capture and Storage, By Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2022-2030
8.2.2 Market Estimates & Forecast by Technology, 2022-2030
8.2.3 Market Estimates & Forecast by Applications, 2022-2030
8.2.4 Market Estimates & Forecast by End-Use, 2022-2030
8.2.5 U.S.
8.2.5.1 Market Estimates & Forecast, 2022-2030
8.2.5.2 Market Estimates & Forecast by Technology, 2022-2030
8.2.5.3 Market Estimates & Forecast by Applications, 2022-2030
8.2.5.4 Market Estimates & Forecast by End- User, 2022-2030
8.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2022-2030
8.2.5.2 Market Estimates & Forecast by Technology, 2022-2030
8.2.5.3 Market Estimates & Forecast by Applications, 2022-2030
8.2.5.4 Market Estimates & Forecast by End- User, 2022-2030
8.3 Europe
8.3.1 Market Estimates & Forecast, 2022-2030
8.3.2 Market Estimates & Forecast by Technology, 2022-2030
8.3.3 Market Estimates & Forecast by Applications, 2022-2030
8.3.4 Market Estimates & Forecast by End-Use, 2022-2030
8.3.5 Russia
8.3.5.1 Market Estimates & Forecast, 2022-2030
8.3.5.2 Market Estimates & Forecast by Technology, 2022-2030
8.3.5.3 Market Estimates & Forecast by Applications, 2022-2030
8.3.5.4 Market Estimates & Forecast by End- User, 2022-2030
8.3.6 Norway
8.3.6.1 Market Estimates & Forecast, 2022-2030
8.3.6.2 Market Estimates & Forecast by Technology, 2022-2030
8.3.6.3 Market Estimates & Forecast by Applications, 2022-2030
8.3.6.4 Market Estimates & Forecast by End- User, 2022-2030
8.3.7 Rest of Europe
8.3.7.1 Market Estimates & Forecast, 2022-2030
8.3.7.2 Market Estimates & Forecast by Technology, 2022-2030
8.3.7.3 Market Estimates & Forecast by Applications, 2022-2030
8.3.7.4 Market Estimates & Forecast by End- User, 2022-2030
8.4 Asia Pacific
8.4.1 Market Estimates & Forecast, 2022-2030
8.4.2 Market Estimates & Forecast by Technology, 2022-2030
8.4.3 Market Estimates & Forecast by Applications, 2022-2030
8.4.4 Market Estimates & Forecast by End-Use, 2022-2030
8.4.5 China
8.4.5.1 Market Estimates & Forecast, 2022-2030
8.4.5.2 Market Estimates & Forecast by Technology, 2022-2030
8.4.5.3 Market Estimates & Forecast by Applications, 2022-2030
8.4.5.4 Market Estimates & Forecast by End- User, 2022-2030
8.4.6 Australia
8.4.6.1 Market Estimates & Forecast, 2022-2030
8.4.6.2 Market Estimates & Forecast by Technology, 2022-2030
8.4.6.3 Market Estimates & Forecast by Applications, 2022-2030
8.4.6.4 Market Estimates & Forecast by End- User, 2022-2030
8.4.7 Rest of Asia-Pacific
8.4.71 Market Estimates & Forecast, 2022-2030
8.4.7.2 Market Estimates & Forecast by Technology, 2022-2030
8.4.7.3 Market Estimates & Forecast by Applications, 2022-2030
8.4.7.4 Market Estimates & Forecast by End- User, 2022-2030
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2022-2030
8.5.2 Market Estimates & Forecast by Technology, 2022-2030
8.5.3 Market Estimates & Forecast by Applications, 2022-2030
8.5.4 Market Estimates & Forecast by End-Use, 2022-2030
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2022-2030
8.6.2 Market Estimates & Forecast by Technology, 2022-2030
8.6.3 Market Estimates & Forecast by Applications, 2022-2030
8.6.4 Market Estimates & Forecast by End-Use, 2022-2030
8.7 Rest of the World
8.7.1 Market Estimates & Forecast, 2022-2030
8.7.2 Market Estimates & Forecast by Technology, 2022-2030
8.7.3 Market Estimates & Forecast by Applications, 2022-2030
8.7.4 Market Estimates & Forecast by End-Use, 2022-2030
9 Competitive Landscape
10 Company Profile
10.1 Fluor Corporation (U.S.)
10.1.1 Company Overview
10.1.2 Product/Services Offering
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.5 Strategy
10.1.6 SWOT Analysis
10.2 Cansolv Technologies Inc (Canada)
10.2.1 Company Overview
10.2.2 Product/Services Offering
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.5 Strategy
10.2.6 SWOT Analysis
10.3 Dakota Gasification Company (U.S.)
10.3.1 Company Overview
10.3.2 Product/Services Offering
10.3.3 Financial Overview
10.3.4 Key Developments
10.3.5 Strategy
10.3.6 SWOT Analysis
10.4 Aker Solutions (U.S.)
10.4.1 Company Overview
10.4.2 Product/Services Offering
10.4.3 Financial Overview
10.4.4 Key Developments
10.4.5 Strategy
10.4.6 SWOT Analysis
10.5 Japan CCS (Japan)
10.5.1 Company Overview
10.5.2 Product/Services Offering
10.5.3 Financial Overview
10.5.4 Key Developments
10.5.5 Strategy
10.5.6 SWOT Analysis
10.6 NRG Energy (U.S.)
10.6.1 Company Overview
10.6.2 Product/Services Offering
10.6.3 Financial Overview
10.6.4 Key Developments
10.6.5 Strategy
10.6.6 SWOT Analysis
10.7 The Linde Group (Germany)
10.7.1 Company Overview
10.7.2 Product/Services Offering
10.7.3 Financial Overview
10.7.4 Key Developments
10.7.5 Strategy
10.7.6 SWOT Analysis
10.8 Chevron Corporation (U.S.)
10.8.1 Company Overview
10.8.2 Product/Services Offering
10.8.3 Financial Overview
10.8.4 Key Developments
10.8.5 Strategy
10.8.6 SWOT Analysis
11 Conclusion
12 Appendix
List of Tables
Table 1 Global Carbon Capture and Storage Market: By Region, 2022-2030
Table 2 North America Carbon Capture and Storage Market: By Country, 2022-2030
Table 3 Europe Carbon Capture and Storage Market: By Country, 2022-2030
Table 4 Asia Pacific Carbon Capture and Storage Market: By Country, 2022-2030
Table 5 RoW Carbon Capture and Storage Market: By Country, 2022-2030
Table 6 Global Carbon Capture and Storage Market by Technology: By Regions, 2022-2030
Table 7 North America Carbon Capture and Storage Market by Technology: By Country, 2022-2030
Table 8 Europe Carbon Capture and Storage Market by Technology: By Country, 2022-2030
Table 9 Asia Pacific Carbon Capture and Storage Market by Technology: By Country, 2022-2030
Table 10 RoW Carbon Capture and Storage Market by Technology: By Country, 2022-2030
Table 11 Global Carbon Capture and Storage Market, by Application, By Regions, 2022-2030
Table 12 North America Carbon Capture and Storage Market, by Application, By Country, 2022-2030
Table 13 Europe Carbon Capture and Storage Market, by Application, By Country, 2022-2030
Table 14 Asia Pacific Carbon Capture and Storage Market, by Application By Country, 2022-2030
Table 15 RoW Carbon Capture and Storage Market, by Application, By Country, 2022-2030
Table 16 Global Carbon Capture and Storage Market: By Region, 2022-2030
Table 17 North America Carbon Capture and Storage Market, By Country
Table 18 North America Carbon Capture and Storage Market, by Technology
Table 19 North America Carbon Capture and Storage Market, By Application
Table 20 Europe: Carbon Capture and Storage Market, By Country
Table 21 Europe: Carbon Capture and Storage Market, by Technology
Table 22 Europe: Carbon Capture and Storage Market, By Application
Table 23 Asia Pacific: Carbon Capture and Storage Market, By Country
Table 24 Asia Pacific: Carbon Capture and Storage Market, by Technology
Table 25 Asia Pacific: Carbon Capture and Storage Market, By Application
Table 26 RoW: Carbon Capture and Storage Market, By Region
Table 27 RoW Carbon Capture and Storage Market, by Technology
Table 28 RoW Carbon Capture and Storage Market, By Application
List of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL CARBON CAPTURE AND STORAGE MARKET SHARE, BY TECHNOLOGY 2020 (%)
FIGURE 9 GLOBAL CARBON CAPTURE AND STORAGE MARKET, BY TECHNOLOGY, 2022-2030 (USD MILLION)
FIGURE 10 GLOBAL CARBON CAPTURE AND STORAGE MARKET SHARE, BY APPLICATION, 2020 (%)
FIGURE 11 GLOBAL CARBON CAPTURE AND STORAGE MARKET, BY REGION, 2022-2030 (USD MILLION)
FIGURE 12 NORTH AMERICA CARBON CAPTURE AND STORAGE MARKET SHARE (%), 2020
FIGURE 13 NORTH AMERICA CARBON CAPTURE AND STORAGE MARKET BY COUNTRY, 2022-2030 (USD MILLION)
FIGURE 14 EUROPE CARBON CAPTURE AND STORAGE MARKET SHARE (%), 2020
FIGURE 15 EUROPE CARBON CAPTURE AND STORAGE MARKET BY COUNTRY, 2022-2030 (USD MILLION)
FIGURE 16 ASIA PACIFIC CARBON CAPTURE AND STORAGE MARKET SHARE (%), 2020
FIGURE 17 ASIA PACIFIC CARBON CAPTURE AND STORAGE MARKET BY COUNTRY, 2022-2030 (USD MILLION)
FIGURE 18 REST OF THE WORLD CARBON CAPTURE AND STORAGE MARKET SHARE (%), 2020
FIGURE 19 REST OF THE WORLD CARBON CAPTURE AND STORAGE MARKET BY COUNTRY, 2022-2030 (USD MILLION)
Carbon Capture and Storage Market Segmentation
Carbon Capture and Storage Capture Technology Outlook (USD Million, 2018-2030)
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Carbon Capture and Storage Service Outlook (USD Million, 2018-2030)
Capture
Transportation
Storage
Utilization
Carbon Capture and Storage Utilization Technology Outlook (USD Million, 2018-2030)
Uptake
Catalytic conversion
Mineralization
Carbon Capture and Storage End-User Outlook (USD Million, 2018-2030)
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Carbon Capture and Storage Regional Outlook (USD Million, 2018-2030)
North America Outlook (USD Million, 2018-2030)
North America Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
North America Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
North America Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
North America Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
US Outlook (USD Million, 2018-2030)
US Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
US Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
US Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
US Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
CANADA Outlook (USD Million, 2018-2030)
CANADA Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
CANADA Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
CANADA Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
CANADA Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Europe Outlook (USD Million, 2018-2030)
Europe Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Europe Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Europe Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Europe Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Germany Outlook (USD Million, 2018-2030)
Germany Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Germany Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Germany Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Germany Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
France Outlook (USD Million, 2018-2030)
France Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
France Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
France Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
France Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
UK Outlook (USD Million, 2018-2030)
UK Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
UK Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
UK Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
UK Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
ITALY Outlook (USD Million, 2018-2030)
ITALY Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
ITALY Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
ITALY Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
ITALY Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
SPAIN Outlook (USD Million, 2018-2030)
Spain Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Spain Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Spain Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Spain Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Rest Of Europe Outlook (USD Million, 2018-2030)
Rest Of Europe Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
REST OF EUROPE Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
REST OF EUROPE Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
REST OF EUROPE Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Asia-Pacific Outlook (USD Million, 2018-2030)
Asia-Pacific Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Asia-Pacific Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Asia-Pacific Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Asia-Pacific Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
China Outlook (USD Million, 2018-2030)
China Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
China Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
China Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
China Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Japan Outlook (USD Million, 2018-2030)
Japan Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Japan Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Japan Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Japan Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
India Outlook (USD Million, 2018-2030)
India Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
India Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
India Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
India Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Australia Outlook (USD Million, 2018-2030)
Australia Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Australia Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Australia Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Australia Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Rest of Asia-Pacific Outlook (USD Million, 2018-2030)
Rest of Asia-Pacific Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Rest of Asia-Pacific Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Rest of Asia-Pacific Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Rest of Asia-Pacific Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Rest of the World Outlook (USD Million, 2018-2030)
Rest of the World Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Rest of the World Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Rest of the World Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Rest of the World Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Middle East Outlook (USD Million, 2018-2030)
Middle East Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Middle East Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Middle East Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Middle East Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Africa Outlook (USD Million, 2018-2030)
Africa Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Africa Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Africa Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Africa Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Latin America Outlook (USD Million, 2018-2030)
Latin America Carbon Capture and Storage by Capture Technology
Pre combustion capture
Oxy-fuel combustion capture
Post-combustion capture
Latin America Carbon Capture and Storage by Service
Capture
Transportation
Storage
Utilization
Latin America Carbon Capture and Storage by Utilization Technology
Uptake
Catalytic conversion
Mineralization
Latin America Carbon Capture and Storage by End-User
Natural gas
Power generation
Hydrogen
Fertilizers
Oil refining
Others
Research Methodology on Carbon Capture Storage Market
Introduction
The global Carbon Capture and Storage (CCS) market is projected to witness healthy growth during the review period of 2023-2030. Carbon Capturing and Storage (CCS) includes technology involving the capture and long-term storage of carbon dioxide produced during industrial processes or due to the burning of fossil fuels. Carbon dioxide (CO2) is collected from large sources such as gas power plants or industrial processes, transported to a location, where it is injected into a geological formation, such as a deep saline aquifer (i.e. an oil or gas well) or depleted oil/gas field for long-term containment.
The CCS market is driven by numerous factors including increasing government initiatives to reduce global warming, the rising development in the oil & gas industry, and increased exploration & production activities. On the other hand, expensive CCS projects, lack of financial incentives and scepticism from investors due to the rising risk of sequestration not being a guaranteed process are some of the factors hindering the growth of the CCS market.
Research Methodology
This research study for Carbon Capture and Storage market is guided by the aid of secondary research and primary research. The secondary research includes reliable sources such as trade magazines, technical journals, white papers and other relevant sources to gather extensive information. These sources are implemented to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Carbon Capture and Storage market. The primary research involves various interviews and surveys conducted with key industry personnel such as CEOs, CFOs, vice presidents and other experts of various organizations. The primary interviews provide in-depth and comprehensive knowledge regarding the Carbon Capture and Storage market. The data collected from both sources is then analysed, validated and statistically verified using various data triangulation methods and internal processes. The report also comprises detailed information about strategic initiatives, value chain analysis, market share analysis and market entry strategies.
Data Collection Sources
In order to analyse the current and future market potential of the Carbon Capture and Storage (CCS) market, data collection from numerous sources is undertaken by the researchers. These sources include industry and company annual reports, Industry Reports from reputed third parties including International Renewable Energy Agency (IRENA), Carbon Sequestration Leadership Forum (CSLF), and Carbon & Climate Law Review (CCLR), published journals and dissertations related to the Energy industry. Other sources used for data collection include Government sources such as government websites and annual reports, energy reports, and energy initiatives of governments around the world.
Market Research Approach
To analyse the Carbon Capture and Storage market and determine the forecasts, the researchers have followed the Market Research Methodology that is popularly accepted in the research industry. The market research approach involves segmentation, sampling, data collection and validation, analytical methods and market definitions.
Segmentation
After extensive secondary research and primary interviews, the market is segmented into CCS technology types, end-users, regions and company profiles.
Company Profile Analysis
The company profile analysis involves the identification of leading players in the Carbon Capture and Storage (CCS) Market and their product offerings, revenue, market share and other strategic initiatives.
Industry Participants and Major Investments
The report contains assessments of industry players and their strategic activity within the Carbon Capture and Storage market. The industry participants include GLS Energy, Eni, BP, Chevron, Shell, Total, DONG Energy and Coca-Cola, Suncor Energy, and Duke Energy.
Primary Research
Primary research is conducted to understand the current and potential opportunities and threats in the Carbon Capture and Storage market. Primary interviews, questionnaire surveys and discussions were conducted. Extensive interviews were conducted with industry personnel, commercial and industry experts, such as company representatives and managers, as well as consumers and stakeholders, to analyse the Carbon Capture and Storage market and its related services. The objective of the primary interview is to gather in-depth information about market dynamics, competitive scenarios, and areas of opportunity for the Carbon Capture and Storage market. All the primary interviews are conducted over the telephone and online interviews.
Secondary Research
The sections in the report are based on a comprehensive syndicated market research program and supplemented by government statutory reports on renewable energy, detailed market reports from reputed market research houses, graphic designers and key associations, trade magazines, reputed company websites and reports published by various branches of The United Nations and International agencies. Secondary research is conducted to identify and collect information useful for the extensive, technical, market-oriented and commercial study of the Carbon Capture and Storage market.
Data Validation
The data collected through secondary and primary sources are validated by performing internal triangulation. Statistical weight is given to the data collected to ensure accuracy, along with performing various types of market estimations and forecasts based on the latest developments and trends in the studied market.
Analytical Tool
The Carbon Capture and Storage (CCS) market report consists of historical data, along with forecasts for the period of 2023-2030. Various analytical tools and models such as Porter’s Five Forces model, Regression Analysis model, SWOT Analysis and Forecasting Model, are used to analyze the global market data. All the graphical representations are designed to simplify the understanding of market trends and/or forecasts.
Universal Currency Conversion
The currency for the report is determined and converted effectively at the time of report generation and is performed after a comparison with the currency of the locale where the research is conducted.
Conclusion
The Carbon Capture and Storage (CCS) market is expected to witness significant growth, during the proposed review period of 2023-2030. The report provides comprehensive information about the market trends and key opportunities for the market participants to adopt. This research follows rigorous protocols to come up with comprehensive projections for the period of 2023-2030. The report also comprises detailed information about strategic initiatives, value chain analysis, market share analysis, and market entry strategies. Moreover, the report provides an in-depth analysis of the CCS technology, end-users, region and company profiles. The report also covers the current and potential opportunities, market drivers, challenges, industry and company profiles in detail. The report is based on reliable sources such as trade magazines, technical journals, white papers and other sources, which are also utilised to identify and collect information useful and relevant to analyse the future growth of the Carbon Capture and Storage industry.