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Market Research Report
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1071110

Carbon Capture and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 147 Pages | Delivery time: 2-3 business days

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Carbon Capture and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: April 14, 2022
IMARC Services Private Limited
Content info: 147 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global carbon capture and storage market reached a value of US$ 2.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.09 Billion by 2027, exhibiting a CAGR of 10.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Carbon capture and storage (CCS) refer to a technique deployed for capturing, transporting, and storing industry-generated carbon emissions underground in geological formations. They aid in producing geothermal energy, strengthening concrete for promoting infrastructure durability, and transforming carbon dioxide (CO2) into fuel. On account of these properties, carbon capture and storage are extensively utilized in manufacturing operations for producing chemicals and plastics. At present, they are categorized based on varying technologies deployed, such as pre-combustion, oxy-fuel, and post-combustion capture. Carbon Capture and Storage Market Trends:

  • Rapid industrialization, particularly in emerging economies, along with significant expansion of manufacturing facilities is primarily facilitating the deployment of carbon capture and storage across the globe. This is further supported by favorable initiatives being undertaken by the government bodies of various countries to limit the greenhouse gas (GHG) emissions across key industries, which, in turn, is catalyzing the market growth. In line with this, the rising demand for carbon dioxide enhanced oil recovery (CO2-EOR) in the offshore oil and gas exploration activities for the crude oil extraction purposes is acting as another growth-inducing factor. This technique uses injections of carbon dioxide to raise the pressure of the reservoir and sweep the oil toward the production well, which is usually insoluble in water. Additionally, the increasing energy consumptions, along with significant investments toward upstream and downstream sectors is considerably contributing to the market growth. Other factors, including the extensive research and development (R&D) activities to engineer bioenergy carbon capture and storage (BECCS), along with the strategic collaborations between top players for introducing sustainable CSS technology for enhanced oil recovery, are creating a positive outlook for the market.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon capture and storage market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, technology and end use industry.

Breakup by Service:

  • Capture
  • Transportation
  • Storage
  • Breakup by Technology: Post-combustion Capture
  • Pre-combustion Capture
  • Oxy-fuel Combustion Capture

Breakup by End Use Industry:

  • Oil and Gas
  • Coal and Biomass Power Plant
  • Iron and Steel
  • Chemical
  • Others
  • Breakup by Region: North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Aker Solutions ASA, Baker Hughes Company, Exxon Mobil Corporation, Fluor Corporation, General Electric Company, Halliburton Company, Honeywell International Inc., Linde plc, Mitsubishi Heavy Industries Ltd., NRG Energy Inc., Occidental Petroleum Corporation, Schlumberger Limited, Shell plc and Siemens AG. Key Questions Answered in This Report:

  • How has the global carbon capture and storage market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global carbon capture and storage market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global carbon capture and storage market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0422A215_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Carbon Capture and Storage Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Service

  • 6.1 Capture
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Transportation
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Storage
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Technology

  • 7.1 Post-combustion Capture
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Pre-combustion Capture
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Oxy-fuel Combustion Capture
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by End Use Industry

  • 8.1 Oil and Gas
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Coal and Biomass Power Plant
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Iron and Steel
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Chemical
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Air Liquide S.A.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Aker Solutions ASA
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Baker Hughes Company
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Exxon Mobil Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Fluor Corporation
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 General Electric Company
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Halliburton Company
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Honeywell International Inc.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Linde plc
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Mitsubishi Heavy Industries Ltd.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 NRG Energy Inc.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Occidental Petroleum Corporation
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Schlumberger Limited
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis
    • 14.3.14 Shell plc
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
    • 14.3.15 Siemens AG
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Carbon Capture and Storage Market: Major Drivers and Challenges
  • Figure 2: Global: Carbon Capture and Storage Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Carbon Capture and Storage Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: Carbon Capture and Storage Market: Breakup by Service (in %), 2021
  • Figure 5: Global: Carbon Capture and Storage Market: Breakup by Technology (in %), 2021
  • Figure 6: Global: Carbon Capture and Storage Market: Breakup by End Use Industry (in %), 2021
  • Figure 7: Global: Carbon Capture and Storage Market: Breakup by Region (in %), 2021
  • Figure 8: Global: Carbon Capture and Storage (Capture) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 9: Global: Carbon Capture and Storage (Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 10: Global: Carbon Capture and Storage (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 11: Global: Carbon Capture and Storage (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 12: Global: Carbon Capture and Storage (Storage) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 13: Global: Carbon Capture and Storage (Storage) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 14: Global: Carbon Capture and Storage (Post-combustion Capture) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 15: Global: Carbon Capture and Storage (Post-combustion Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 16: Global: Carbon Capture and Storage (Pre-combustion Capture) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 17: Global: Carbon Capture and Storage (Pre-combustion Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 18: Global: Carbon Capture and Storage (Oxy-fuel Combustion Capture) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 19: Global: Carbon Capture and Storage (Oxy-fuel Combustion Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 20: Global: Carbon Capture and Storage (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 21: Global: Carbon Capture and Storage (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 22: Global: Carbon Capture and Storage (Coal and Biomass Power Plant) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 23: Global: Carbon Capture and Storage (Coal and Biomass Power Plant) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 24: Global: Carbon Capture and Storage (Iron and Steel) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 25: Global: Carbon Capture and Storage (Iron and Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 26: Global: Carbon Capture and Storage (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 27: Global: Carbon Capture and Storage (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 28: Global: Carbon Capture and Storage (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 29: Global: Carbon Capture and Storage (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 30: North America: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 31: North America: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 32: United States: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 33: United States: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 34: Canada: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 35: Canada: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 36: Asia-Pacific: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 37: Asia-Pacific: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 38: China: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 39: China: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 40: Japan: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 41: Japan: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 42: India: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 43: India: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 44: South Korea: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 45: South Korea: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 46: Australia: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 47: Australia: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 48: Indonesia: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 49: Indonesia: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 50: Others: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 51: Others: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 52: Europe: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 53: Europe: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 54: Germany: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 55: Germany: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 56: France: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 57: France: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 58: United Kingdom: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 59: United Kingdom: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 60: Italy: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 61: Italy: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 62: Spain: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 63: Spain: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 64: Russia: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 65: Russia: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 66: Others: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 67: Others: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 68: Latin America: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 69: Latin America: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 70: Brazil: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 71: Brazil: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 72: Mexico: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 73: Mexico: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 74: Others: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 75: Others: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 76: Middle East and Africa: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 77: Middle East and Africa: Carbon Capture and Storage Market: Breakup by Country (in %), 2021
  • Figure 78: Middle East and Africa: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 79: Global: Carbon Capture and Storage Industry: SWOT Analysis
  • Figure 80: Global: Carbon Capture and Storage Industry: Value Chain Analysis
  • Figure 81: Global: Carbon Capture and Storage Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Carbon Capture and Storage Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Carbon Capture and Storage Market Forecast: Breakup by Service (in Million US$), 2022-2027
  • Table 3: Global: Carbon Capture and Storage Market Forecast: Breakup by Technology (in Million US$), 2022-2027
  • Table 4: Global: Carbon Capture and Storage Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
  • Table 5: Global: Carbon Capture and Storage Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 6: Global: Carbon Capture and Storage Market: Competitive Structure
  • Table 7: Global: Carbon Capture and Storage Market: Key Players