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Carbon Capture & Sequestration (CCS) Market Size is Anticipated to Around USD 12.3 Billion by 2024, this Market is Expected to Develop with 15.7% CAGR During the Forecast Time Frame

Press release   •   Apr 30, 2019 08:08 EDT

Global Carbon Capture & Sequestration (CCS) Market is expected to witness a augmenting CAGR of 15.7% and is projected to reach USD 12.3 billion by 2024.

Demand for carbon based gas injection recovery method in oil and gas sites is likely to propel the growth of this market over the forecast period. Additionally, growing environmental concerns due to climate change from greenhouse gases is expected to augment the market growth over the forecast period.

The years used for the assessment are as follows;

Historical year : 2014, 2015, and 2016
Base year : 2017
Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total carbon capture & sequestration (CCS) market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global carbon capture & sequestration (CCS) market
Finalizing the overall size and share for the global carbon capture & sequestration (CCS) market

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OBJECTIVES:

To classify the global carbon capture & sequestration (CCS) market into segments by technology, application, and region and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the carbon capture & sequestration (CCS) market.
Profiling key companies operating in the global carbon capture & sequestration (CCS) market.
To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global carbon capture & sequestration (CCS) market is as follows:

By Technology
Industrial Process
Pre-Combustion
Oxy-Combustion
Post-Combustion

By Application
Enhanced Oil Recovery
Industrial
Agricultural
Others

Region
North America
Europe
Asia-Pacific (APAC)
Middle East and Africa (MEA)
Central and South America

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FREE ANALYSIS

Demand for carbon based gas injection recovery method in oil and gas sites is likely to propel the growth of this market over the forecast period. Additionally, growing environmental concerns due to climate change from greenhouse gases is expected to augment the market growth over the forecast period.

CCS constitutes of capturing carbon dioxide from industries emissions, separating, storing, and transporting it to a geological reservoir for storage. This method has been seen as a acceptable way of mitigating greenhouse gases, and has found its application in enhanced oil recovery, industrial, agricultural, and other applications. However, deploying CCS technology at a commercial scale is a vast undertaking, involving significant investments of capital, and locating appropriate sites for storage of carbon dioxide.

An integrated CCS process involves setting up of a capture plant and laying a pipeline network for the transfer of captured CO2 to the disposal site. CCS also involves the assessment of the geological storage reservoir, injection of the carbon dioxide and monitoring the site to avoid leakage into ground water reservoirs or the atmosphere. Electricity generation is a major cause of CO2 generation. CCS allows for the use of fossil fuels for generation of electricity while effectively removing this greenhouse gas from the atmosphere.

North America held the largest share of the market in 2017 and the trend is likely to continue over the forecast period. This growth can be attributed to the adoption of gas injection EOR technique by major oil and gas companies. Moreover, stringent policy framework set by the local governments in this region has prompted the growth of this market. Asia-Pacific is expected to witness the fastest CAGR over the forecast period owing to the presence of coal-fired power plants in this region.

The key players of this market are Siemens AG; Equinor ASA; Aker Solutions; Fluor Corporation; Mitsubishi Heavy Industries, Ltd.; Halliburton; Honeywell International Inc; Shell Global; Maersk Oil; and Japan CCS Co., Ltd. among others.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Carbon Capture & Sequestration (CCS) Market, by end-use.
Detailed analysis and profiles of additional market players.

Major Points Of Table of Contents

Global Carbon Capture & Sequestration (CCS) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

CHAPTER 2. Executive Summary

CHAPTER 3. Industry Analysis

CHAPTER 4. Global Carbon Capture and Sequestration Market Size and Forecast (2014 – 2024) (USD Million)

CHAPTER 5. Global Carbon Capture and Sequestration Market Size & Forecast, By Region

CHAPTER 6. Key Players and Strategic Developments

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