Carbon Capture and Storage Market by Application, Technology, End-user, Transportation, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44927

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The carbon capture and storage market value is projected to grow by 64.05 million tons at a CAGR of 20.83% during 2021-2025.

The carbon capture and storage market report extensively covers market segmentation by application by volume (enhanced oil recovery and geological storage), technology by volume (pre-combustion, post-combustion, and oxy-fuel combustion), end-user by volume (power and oil and gas and manufacturing), transportation (pipeline and ships), and geography (Americas, APAC, MEA, and Europe) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Carbon Capture and Storage Market Size be in 2021?

Carbon-Capture-And-Storage-Market-Market-Market-Size-2020-2025

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Carbon Capture and Storage Market: Key Drivers and Trends

According to our research output, there has been a negative impact on the market growth post COVID-19 era. Key drivers such as the dependence on fossil fuels for generation of electricity are notably supporting the carbon capture and storage market growth. However, one of the foremost factors impeding market growth is risks associated with CCS. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic carbon capture and storage market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Carbon Capture and Storage Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Air Products and Chemicals Inc.
  • Babcock and Wilcox Enterprises Inc.
  • Chevron Corp.
  • ENGIE SA
  • Exxon Mobil Corp.
  • Fluor Corp.
  • General Electric Co.
  • Hitachi Ltd.
  • Praxair Inc.
  • Royal Dutch Shell Plc

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The carbon capture and storage market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full carbon capture and storage market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

Download a free sample of the carbon capture and storage market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Carbon Capture and Storage Market?

Carbon-Capture-And-Storage-Market-Market-Market-Share-by-Region-2020-2025

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The US, Brazil, and Canada are the key markets for carbon capture and storage market in the Americas. Learn about the key, emerging, and untapped markets from our carbon capture and storage market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 61% of the market’s growth will originate from the Americas during the forecast period.

The Americas has been recording a significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in Americas is the hike in investments and advances in technology. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Carbon Capture and Storage Market?

Carbon-Capture-And-Storage-Market-Market-Share-by-Application-2020-2025

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The carbon capture and storage market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The carbon capture and storage market share growth by the enhanced oil recovery segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides thorough carbon capture and storage market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the carbon capture and storage market size.

 

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What are the Key Factors Covered in this Carbon Capture and Storage Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive carbon capture and storage market growth during the next five years
  • Precise estimation of the carbon capture and storage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the carbon capture and storage market across Americas, APAC, MEA, and Europe 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of carbon capture and storage market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The carbon capture and storage market market growth will increase by $39940.55 thousand tons during 2019-2024.
The carbon capture and storage market market is expected to grow at a CAGR of 16.32% during 2019-2024.
Technavio has segmented the carbon capture and storage market market by application by volume (Enhanced oil recovery and Geological storage) ,technology volume (Pre-combustion, Post-combustion, and Oxy-fuel combustion) , and end user volume (Power and oil and gas and Manufacturing).
Air Products and Chemicals Inc., Babcock & Wilcox Enterprises Inc., Chevron Corp., ENGIE SA, Exxon Mobil Corp., Fluor Corp., General Electric Co., Hitachi Ltd., Praxair Inc., Royal Dutch Shell Plc are a few of the key vendors in the carbon capture and storage market market.
Americas will register the highest growth rate of 65.54% among the other regions. Therefore, the carbon capture and storage market market in Americas is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the carbon capture and storage market market growth are:
  • Dependence on fossil fuels for generation of electricity
The carbon capture and storage market market vendors should focus on grabbing business opportunities from the enhanced oil recovery segment as it accounted for the largest market share in the base year.
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