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Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation. The aim is to prevent the release of large quantities of CO2 into the atmosphere (from fossil fuel use in power generation and other industries). It is a potential means of mitigating the contribution of fossil fuel emissions to global warming and ocean acidification. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept.Globally, the Carbon Capture and Storage industry market is low concentrated as the manufacturing technology of Carbon Capture and Storage is relatively immatures than some high-tech equipment. And some enterprises, like ExxonMobil, Schlumberger, Huaneng, etc. are well-known for the wonderful performance of their Carbon Capture and Storage and related services. At the same time, North America, occupied 38% market share in 2017, is remarkable in the global Carbon Capture and Storage industry because of their market share and technology status of Carbon Capture and Storage.
In 2018, the Global Carbon Capture and Storage market size was 3300 million US$ and it is expected to reach 4980 million US$ by the end of 2025, with a CAGR of 6.1% during 2019-2025.
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Carbon Capture and Storage Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, market size, regional market size analysis, market size forecast, etc.)
• Pre-Combustion Carbon Capture
• Oxy-Combustion Carbon Capture
• Post-Combustion Carbon Capture
Carbon Capture and Storage Market is studied for the following applications:
(Each application is covered in the terms of market share, market size, regional market size analysis, market size forecast, etc.)
• Oil & Gas
• Power Generation
• Others
Key companies profiled in this report are Exxonmobil Corporation, Schlumberger, Huaneng, Linde Ag, Halliburton, Basf, General Electric, Siemens, Honeywell Uop, Sulzer, Equinor, Nrg, Akersolutions, Shell, Skyonic Corp., Mitsubishi Hitachi, Fluor, Sinopec and more. These companies are profiled in the terms of company basic details, business overview, product knowledge, historical revenue and recent developments.
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Through the various topics covered in this report; it provides key insight of the market like Market size and share by regions, trends, driver, opportunities, revenue, market share of companies, their products, mergers & acquisitions, market size by types & applications for United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. With this strong base, this report also provides the estimated forecast to 2025 by product types, applications and by regions.
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