Global Smart Carbon Market Size Study & Forecast, by Source, By Technology (Chemical Looping Combustion, Solvents & Sorbents, Bio-Energy CCS, Direct Air Capture ), By Application, and Regional Analysis, 2023-2030

Description

List of Tables

Global Smart Carbon Market is valued at approximately USD 3.60 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2023-2030. Smart carbon is a technique of using Carbon Capture and Storage (CCS) and other technologies to minimize greenhouse gas emissions. Carbon dioxide from industrial emissions, power plants, and other sources is captured utilizing smart carbon technology. The trapped carbon is subsequently buried or utilized to make other products, including fuels and chemicals, depending on the situation. Smart carbon is a potential technology in order to lessen greenhouse gas emissions and combat climate change. The increasing focus on climate change mitigation, rising government regulations, surging adoption of CCS technologies are the key factors that are augmenting the market demand across the globe.

The surging demand for renewable energy is having a considerable positive impact on the smart carbon market. Smart carbon technologies are used to store renewable energy, such as solar and wind power, which ensures that renewable energy is available when it is needed. For instance, according to the 2021 report from the IEA (a France-based international energy agency), renewable energy is predicted to draw 70% of all energy investment globally in 2021, with the majority of investment going to the power and end-use sectors, shifting away from conventional fossil fuel production. Therefore, increased expenditure on renewable energy sources are anticipated to fuel the Smart Carbon market at a considerable rate. Moreover, the increasing development of new smart carbon technologies, as well as rising research and development (R&D) activities present various lucrative opportunities over the forecast years. However, the high cost of smart carbon technologies and the lack of storage sites are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart Carbon Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share because the region has several high-capacity carbon capture and sequestration plants, major expenditures in research and development, and other factors. Additionally, the region's economy is being driven by financial efforts by the local governments. In June 2021, The US Department of Energy (DoE) announced USD 12 million in government funding with the aim of promoting six research and development programs pushing direct air capture (DAC) technology to create new instruments for effectively removing CO2 from the environment. Whereas, Asia Pacific region is expected to be a fastest growing region over the forecast years. The presence of high-volume storage sites, mostly found in subsea oil and gas reservoirs with EOR activities, along with supportive government measures are projected to strengthen the market demand across the region.

Major market players included in this report are:

Aker Solutions
Dakota Gasification Company
Equinor ASA
Fluor Corporation
Linde plc
Maersk Oil
Mitsubishi Heavy Industries Ltd.
Siemens AG
Honeywell International
Exxon Mobil Corporation

Recent Developments in the Market:

In August 2022, Shell PLC acquired Sprang Energy Group, a provider of renewable energy with a goal of reducing carbon emissions. The acquisition is intended to increase Shell PLC's market share and potential for carbon capture and storage.
in June 2022, ExxonMobil Corporation declared that the company collaborated with Shell and the Guangdong Provincial Development and Reform Commission to assess the viability of a carbon capture and storage project at the Dayawan petrochemical industrial park in Huizhou, China.

Global Smart Carbon Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Source, Technology, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Source:

Oil & Gas
Power Generation
Chemicals & Petrochemicals
Cement
Iron & Steel
Others

By Technology:

Chemical Looping Combustion (CLC)
Solvents & Sorbents
Bio-Energy CCS (BECCS)
Direct Air Capture (DAC)

By Application:

Urea Manufacturing
Synthetic Fuel
Chemical Production
Building Aggregates
Dry Ice
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Smart Carbon Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Smart Carbon Market, by Source, 2020-2030 (USD Billion)
- 1.2.3. Smart Carbon Market, by Technology, 2020-2030 (USD Billion)
- 1.2.4. Smart Carbon Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Smart Carbon Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Smart Carbon Market Dynamics

3.1. Smart Carbon Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing government regulations
  - 3.1.1.2. Surging demand for renewable energy
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of smart carbon technologies
  - 3.1.2.2. Lack of storage sites
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing development of new smart carbon technologies
  - 3.1.3.2. Rising research and development (R&D) activities

Chapter 4. Global Smart Carbon Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Smart Carbon Market, by Source

5.1. Market Snapshot
5.2. Global Smart Carbon Market by Source, Performance - Potential Analysis
5.3. Global Smart Carbon Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
5.4. Smart Carbon Market, Sub Segment Analysis
- 5.4.1. Oil & Gas
- 5.4.2. Power Generation
- 5.4.3. Chemicals & Petrochemicals
- 5.4.4. Cement
- 5.4.5. Iron & Steel
- 5.4.6. Others

Chapter 6. Global Smart Carbon Market, by Technology

6.1. Market Snapshot
6.2. Global Smart Carbon Market by Technology, Performance - Potential Analysis
6.3. Global Smart Carbon Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
6.4. Smart Carbon Market, Sub Segment Analysis
- 6.4.1. Chemical Looping Combustion (CLC)
- 6.4.2. Solvents & Sorbents
- 6.4.3. Bio-Energy CCS (BECCS)
- 6.4.4. Direct Air Capture (DAC)

Chapter 7. Global Smart Carbon Market, by Application

7.1. Market Snapshot
7.2. Global Smart Carbon Market by Application, Performance - Potential Analysis
7.3. Global Smart Carbon Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Smart Carbon Market, Sub Segment Analysis
- 7.4.1. Urea Manufacturing
- 7.4.2. Synthetic Fuel
- 7.4.3. Chemical Production
- 7.4.4. Building Aggregates
- 7.4.5. Dry Ice
- 7.4.6. Others

Chapter 8. Global Smart Carbon Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Smart Carbon Market, Regional Market Snapshot
8.4. North America Smart Carbon Market
- 8.4.1. U.S. Smart Carbon Market
  - 8.4.1.1. Source breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Smart Carbon Market
8.5. Europe Smart Carbon Market Snapshot
- 8.5.1. U.K. Smart Carbon Market
- 8.5.2. Germany Smart Carbon Market
- 8.5.3. France Smart Carbon Market
- 8.5.4. Spain Smart Carbon Market
- 8.5.5. Italy Smart Carbon Market
- 8.5.6. Rest of Europe Smart Carbon Market
8.6. Asia-Pacific Smart Carbon Market Snapshot
- 8.6.1. China Smart Carbon Market
- 8.6.2. India Smart Carbon Market
- 8.6.3. Japan Smart Carbon Market
- 8.6.4. Australia Smart Carbon Market
- 8.6.5. South Korea Smart Carbon Market
- 8.6.6. Rest of Asia Pacific Smart Carbon Market
8.7. Latin America Smart Carbon Market Snapshot
- 8.7.1. Brazil Smart Carbon Market
- 8.7.2. Mexico Smart Carbon Market
8.8. Middle East & Africa Smart Carbon Market
- 8.8.1. Saudi Arabia Smart Carbon Market
- 8.8.2. South Africa Smart Carbon Market
- 8.8.3. Rest of Middle East & Africa Smart Carbon Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Aker Solutions
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Dakota Gasification Company
- 9.3.3. Equinor ASA
- 9.3.4. Fluor Corporation
- 9.3.5. Linde plc
- 9.3.6. Maersk Oil
- 9.3.7. Mitsubishi Heavy Industries Ltd.
- 9.3.8. Siemens AG
- 9.3.9. Honeywell International
- 9.3.10. Exxon Mobil Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Smart Carbon Market, report scope
TABLE 2. Global Smart Carbon Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Smart Carbon Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 4. Global Smart Carbon Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 5. Global Smart Carbon Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Smart Carbon Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Smart Carbon Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Smart Carbon Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Smart Carbon Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Smart Carbon Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Smart Carbon Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Smart Carbon Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Smart Carbon Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Smart Carbon Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Smart Carbon Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Smart Carbon Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Smart Carbon Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Smart Carbon Market
TABLE 71. List of primary sources, used in the study of global Smart Carbon Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Smart Carbon Market, research methodology
FIG 2. Global Smart Carbon Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Smart Carbon Market, key trends 2022
FIG 5. Global Smart Carbon Market, growth prospects 2023-2030
FIG 6. Global Smart Carbon Market, porters 5 force model
FIG 7. Global Smart Carbon Market, pest analysis
FIG 8. Global Smart Carbon Market, value chain analysis
FIG 9. Global Smart Carbon Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Smart Carbon Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Smart Carbon Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Smart Carbon Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Smart Carbon Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Smart Carbon Market, regional snapshot 2020 & 2030
FIG 15. North America Smart Carbon Market 2020 & 2030 (USD Billion)
FIG 16. Europe Smart Carbon Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Smart Carbon Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Smart Carbon Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Smart Carbon Market 2020 & 2030 (USD Billion)