Carbon Capture and Storage Market Dynamics 2021-2031
Carbon capture and storage is the emission reduction process that is involved in capturing carbon dioxide from various different sources of emission, then separating it from other gases and transferring it to a suitable location for the storage. This technology is being adopted and implemented across the globe considering the cumulative commitment of industrial stakeholders in limiting CO2 emissions coupled with ongoing dominant role of fossil fuels in energy generation.
MARKET DYNAMICS
The major factors that are boosting the growth of the carbon capture and storage market are the increasing demand for CO2 injection technique for enhanced oil recovery (EOR), and strict government regulations towards GHG emissions. In addition, the boosting prominence for bioenergy carbon capture and storage (BECCS) is anticipated to provide significant growth opportunities for the carbon capture and storage market growth in the coming years.
MARKET SCOPE
The "Global Carbon Capture and Storage Market Analysis to 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of carbon capture and storage market with detailed market segmentation by component, end-user industry, and geography. The global carbon capture and storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carbon capture and storage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carbon capture and storage market is segmented on the basis of component and end-user industry. Based on component, the market is segmented as Carbon Capture Technologies and Carbon Storage. Based on end-user industry, the carbon capture and storage market is divided into Oil and Gas, Manufacturing, Chemicals, Food and Beverage, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carbon capture and storage market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The carbon capture and storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting carbon capture and storage market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the carbon capture and storage market for each region.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carbon capture and storage market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The carbon capture and storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting carbon capture and storage market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the carbon capture and storage market for each region.
MARKET PLAYERS
The reports cover key developments in the carbon capture and storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from carbon capture and storage market are anticipated to lucrative growth opportunities in the future with the rising demand for carbon capture and storage in the global market. Below mentioned is the list of few companies engaged in the carbon capture and storage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Aker Solutions ASA
- Carbon Engineering Ltd.
- Chevron Corporation
- Equinor ASA
- Exxon Mobil Corporation
- Halliburton Company
- NRG Energy, Inc.
- Occidental Petroleum Corporation
- Royal Dutch Shell plc
- Schlumberger
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Carbon Capture And Storage Market - By Component
1.3.2 Carbon Capture And Storage Market - By End-User Industry
1.3.3 Carbon Capture And Storage Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CARBON CAPTURE AND STORAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CARBON CAPTURE AND STORAGE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CARBON CAPTURE AND STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. CARBON CAPTURE AND STORAGE - GLOBAL MARKET OVERVIEW
6.2. CARBON CAPTURE AND STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CARBON CAPTURE AND STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. CARBON CAPTURE TECHNOLOGIES
7.3.1. Overview
7.3.2. Carbon Capture Technologies Market Forecast and Analysis
7.3.3. Pre Combustion Market
7.3.3.1. Overview
7.3.3.2. Pre Combustion Market Forecast and Analysis
7.3.4. Post Combustion Market
7.3.4.1. Overview
7.3.4.2. Post Combustion Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. CARBON STORAGE
7.4.1. Overview
7.4.2. Carbon Storage Market Forecast and Analysis
8. CARBON CAPTURE AND STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS
8.3.1. Overview
8.3.2. Oil and Gas Market Forecast and Analysis
8.4. MANUFACTURING
8.4.1. Overview
8.4.2. Manufacturing Market Forecast and Analysis
8.5. CHEMICALS
8.5.1. Overview
8.5.2. Chemicals Market Forecast and Analysis
8.6. FOOD AND BEVERAGE
8.6.1. Overview
8.6.2. Food and Beverage Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CARBON CAPTURE AND STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Carbon Capture And Storage Market Overview
9.1.2 North America Carbon Capture And Storage Market Forecasts and Analysis
9.1.3 North America Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.1.4 North America Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.1.5 North America Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Carbon Capture And Storage Market
9.1.5.1.1 United States Carbon Capture And Storage Market by Component
9.1.5.1.2 United States Carbon Capture And Storage Market by End-User Industry
9.1.5.2 Canada Carbon Capture And Storage Market
9.1.5.2.1 Canada Carbon Capture And Storage Market by Component
9.1.5.2.2 Canada Carbon Capture And Storage Market by End-User Industry
9.1.5.3 Mexico Carbon Capture And Storage Market
9.1.5.3.1 Mexico Carbon Capture And Storage Market by Component
9.1.5.3.2 Mexico Carbon Capture And Storage Market by End-User Industry
9.2. EUROPE
9.2.1 Europe Carbon Capture And Storage Market Overview
9.2.2 Europe Carbon Capture And Storage Market Forecasts and Analysis
9.2.3 Europe Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.2.4 Europe Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.2.5 Europe Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Carbon Capture And Storage Market
9.2.5.1.1 Germany Carbon Capture And Storage Market by Component
9.2.5.1.2 Germany Carbon Capture And Storage Market by End-User Industry
9.2.5.2 France Carbon Capture And Storage Market
9.2.5.2.1 France Carbon Capture And Storage Market by Component
9.2.5.2.2 France Carbon Capture And Storage Market by End-User Industry
9.2.5.3 Italy Carbon Capture And Storage Market
9.2.5.3.1 Italy Carbon Capture And Storage Market by Component
9.2.5.3.2 Italy Carbon Capture And Storage Market by End-User Industry
9.2.5.4 United Kingdom Carbon Capture And Storage Market
9.2.5.4.1 United Kingdom Carbon Capture And Storage Market by Component
9.2.5.4.2 United Kingdom Carbon Capture And Storage Market by End-User Industry
9.2.5.5 Russia Carbon Capture And Storage Market
9.2.5.5.1 Russia Carbon Capture And Storage Market by Component
9.2.5.5.2 Russia Carbon Capture And Storage Market by End-User Industry
9.2.5.6 Rest of Europe Carbon Capture And Storage Market
9.2.5.6.1 Rest of Europe Carbon Capture And Storage Market by Component
9.2.5.6.2 Rest of Europe Carbon Capture And Storage Market by End-User Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Carbon Capture And Storage Market Overview
9.3.2 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis
9.3.3 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.3.5 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Carbon Capture And Storage Market
9.3.5.1.1 Australia Carbon Capture And Storage Market by Component
9.3.5.1.2 Australia Carbon Capture And Storage Market by End-User Industry
9.3.5.2 China Carbon Capture And Storage Market
9.3.5.2.1 China Carbon Capture And Storage Market by Component
9.3.5.2.2 China Carbon Capture And Storage Market by End-User Industry
9.3.5.3 India Carbon Capture And Storage Market
9.3.5.3.1 India Carbon Capture And Storage Market by Component
9.3.5.3.2 India Carbon Capture And Storage Market by End-User Industry
9.3.5.4 Japan Carbon Capture And Storage Market
9.3.5.4.1 Japan Carbon Capture And Storage Market by Component
9.3.5.4.2 Japan Carbon Capture And Storage Market by End-User Industry
9.3.5.5 South Korea Carbon Capture And Storage Market
9.3.5.5.1 South Korea Carbon Capture And Storage Market by Component
9.3.5.5.2 South Korea Carbon Capture And Storage Market by End-User Industry
9.3.5.6 Rest of Asia-Pacific Carbon Capture And Storage Market
9.3.5.6.1 Rest of Asia-Pacific Carbon Capture And Storage Market by Component
9.3.5.6.2 Rest of Asia-Pacific Carbon Capture And Storage Market by End-User Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Carbon Capture And Storage Market Overview
9.4.2 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis
9.4.3 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.4.5 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Carbon Capture And Storage Market
9.4.5.1.1 South Africa Carbon Capture And Storage Market by Component
9.4.5.1.2 South Africa Carbon Capture And Storage Market by End-User Industry
9.4.5.2 Saudi Arabia Carbon Capture And Storage Market
9.4.5.2.1 Saudi Arabia Carbon Capture And Storage Market by Component
9.4.5.2.2 Saudi Arabia Carbon Capture And Storage Market by End-User Industry
9.4.5.3 U.A.E Carbon Capture And Storage Market
9.4.5.3.1 U.A.E Carbon Capture And Storage Market by Component
9.4.5.3.2 U.A.E Carbon Capture And Storage Market by End-User Industry
9.4.5.4 Rest of Middle East and Africa Carbon Capture And Storage Market
9.4.5.4.1 Rest of Middle East and Africa Carbon Capture And Storage Market by Component
9.4.5.4.2 Rest of Middle East and Africa Carbon Capture And Storage Market by End-User Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Carbon Capture And Storage Market Overview
9.5.2 South and Central America Carbon Capture And Storage Market Forecasts and Analysis
9.5.3 South and Central America Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.5.4 South and Central America Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.5.5 South and Central America Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Carbon Capture And Storage Market
9.5.5.1.1 Brazil Carbon Capture And Storage Market by Component
9.5.5.1.2 Brazil Carbon Capture And Storage Market by End-User Industry
9.5.5.2 Argentina Carbon Capture And Storage Market
9.5.5.2.1 Argentina Carbon Capture And Storage Market by Component
9.5.5.2.2 Argentina Carbon Capture And Storage Market by End-User Industry
9.5.5.3 Rest of South and Central America Carbon Capture And Storage Market
9.5.5.3.1 Rest of South and Central America Carbon Capture And Storage Market by Component
9.5.5.3.2 Rest of South and Central America Carbon Capture And Storage Market by End-User Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CARBON CAPTURE AND STORAGE MARKET, KEY COMPANY PROFILES
11.1. AKER SOLUTIONS ASA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARBON ENGINEERING LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHEVRON CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EQUINOR ASA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EXXON MOBIL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HALLIBURTON COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NRG ENERGY, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OCCIDENTAL PETROLEUM CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROYAL DUTCH SHELL PLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SCHLUMBERGER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aker Solutions ASA
2. Carbon Engineering Ltd.
3. Chevron Corporation
4. Equinor ASA
5. Exxon Mobil Corporation
6. Halliburton Company
7. NRG Energy, Inc.
8. Occidental Petroleum Corporation
9. Royal Dutch Shell plc
10. Schlumberger
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For