Market Research Report
Global Carbon Capture and Storage Industry Research Report, Growth Trends and Competitive Analysis 2018-2025
|Published by||QYResearch||Product code||757833|
|Published||Content info||121 Pages
Delivery time: 2-3 business days
|Global Carbon Capture and Storage Industry Research Report, Growth Trends and Competitive Analysis 2018-2025|
|Published: December 18, 2018||Content info: 121 Pages||
Carbon capture and storage (CCS) 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. The first commercial example was the Weyburn-Midale Carbon Dioxide Project in 2000. Another example is SaskPower's Boundary Dam. 'CCS' can also be used to describe the scrubbing of CO2 from ambient air as a climate engineering technique.
EOR method is widely being adopted by oil & gas participants to extract oil and gas from mature fields. CO2 is considered to be an excellent displacing agent for EOR techniques because a large portion of injected CO2 remains in place in depleted reservoirs. Therefore, this method could provide a good option for CO2 sequestration to mitigate global warming. CO2 injection also presents potential benefits by alternatively injecting gas and water as slugs in the water-alternating-gas (WAG) method to control CO2 mobility and flood conformance. The cost implemented in CCS technology is quite challenging, but the revenue from EOR has underpinned CCS investment decisions in China and the Middle East. The increasing demand for CO2 injection, owing to its aforementioned favorable properties in EOR, accompanied with the need to mitigate global warming, is likely to drive the CCS market.
North America CCS industry dominated the global demand accounting for over 60% of the total market. Stringent regulatory framework for cleaner environment coupled with increasing need of carbon dioxide in enhanced oil recovery processes owing to increasing number of matured oilfields are expected to be the major factors driving the industry penetration.
Asia Pacific is estimated to grow at the highest CAGR of 16.4% from 2016 to 2024. The emerging economies in the region such as China and India along with countries such as Japan, Indonesia and Malaysia are focusing on cleaner environment owing to rapid industrialization in the region, thereby, leading to increased carbon emissions.
The Carbon Capture and Storage market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Carbon Capture and Storage.
This study focuses on the production side and consumption side of Carbon Capture and Storage, presents the global Carbon Capture and Storage market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Carbon Capture and Storage capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Carbon Capture and Storage by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
This report includes the following manufacturers; we can also add the other companies as you want.
Market Segment by Product Type
Market Segment by Application
Key Regions split in this report:
The study objectives are:
In this study, the years considered to estimate the market size of Carbon Capture and Storage are as follows: