Carbon Capture and Storage (CCS) Market by Technology, Application, Distribution Channel, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023 Pages: 205 SKU: IRTNTR44927

Carbon Capture And Storage Market 2023-2027

The carbon capture and storage market is estimated to increase by 104.5 million tons between 2022 and 2027. The size of the market is forecast to grow at a CAGR of 22.91%. The growth of the market depends on several factors, including dependence on fossil fuels for the generation of electricity, a hike in investments and advances in technology, and the need to adhere to stringent environmental regulations.

What will be the size of the Carbon Capture And Storage Market During the Forecast Period?

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Market: Key Drivers, Trends, Challenges, and Customer Landscape

The hike in investments and advances in technology are notably driving the market growth, although factors such as risks associated with carbon capture and storage may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

The hike in investments and advances in technology are notably driving the market growth. Investments in the R&D of next-generation capture technologies have increased over the years. Besides, governments are undertaking initiatives to promote CCS technology, and this is contributing to market growth. Both private and public sectors are investing heavily in the testing and commercialization of low-carbon technology as this reduces carbon costs and protects the environment.

Furthermore, advances in energy and CCS technologies enable the development of cost-effective solutions that tackle the global issue of climate change by reducing carbon emissions. According to the IEA, the adoption of CCS technologies will help in limiting the future rise in global temperature to around 2C. Many research institutes are investing in rigorous R&D to innovate new technologies. For instance, researchers at the University of California, Berkeley, Lawrence Berkeley National Laboratory, and ExxonMobil developed a new technique that uses porous material called a metal-organic framework, or MOF, modified with nitrogen-containing amine molecules to capture CO2. Therefore, these factors will boost the global market during the forecast period. 

Significant Trend

Apprehensions related to the application of enhanced oil recovery are an emerging trend in the market. One of the most widely considered applications of the CO2 captured in the first stage of the CCS project is its use in the oil and gas sector, with depleting production volumes. The CO2 is injected into the wells to replenish the naturally occurring gas drive of the reservoir, which is one of the most important factors deciding the reservoir production volumes.

The release of the CO2, which is injected into the oil and gas reservoirs, also finds its way into the air as it comes up to the surface with the producing hydrocarbons, either dissolved in the oil or in an independent state. Moreover, a lot of CO2 also escapes from the old and uncapped reservoirs into the surrounding formations, ultimately finding its way to the atmosphere. Therefore, the abovementioned factors undermine the entire concept of the introduction in the power generation sector to create a sustainable environment by reducing carbon emissions. Although the statistics proving the authenticity of the abovementioned conditions are still in their preliminary stages, the entirety of the concepts cannot be questioned. This has the potential to boost market growth during the forecast period. 

Major Challenge

Risks associated with CCS are major challenges impeding market growth. CCS has its own share of public apprehensions associated with it, as is the case with any emerging technology. The most significant of these apprehensions is related to the potential leakage hazards associated with the dedicated storage facilities. Although not established till now, many questions are being raised regarding the impact of leakage of stored CO2. This doubt, if proven true, will counter the whole purpose of implementing the CCS project, which is reducing the effectiveness of CCS as an option for climate change mitigation.

Many critical studies and research have analyzed the consequences of CO2 leaks from such storage sites. Any catastrophic or abrupt leakage of CO2 can lead to serious consequences in the form of the death of humans and animals. It has also been seen that pressure built up by injected CO2 could trigger small seismic events, which can also be regarded as a major challenge. Hence, factors like these will hinder market growth during the forecast period. 

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Carbon Capture and Storage Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Enhance Energy Inc. - The company is primarily engaged in drilling wells for oil or gas field operations for others and specializes in spudding in, drilling in, redrilling, and directional drilling. The key offerings of the company include these solutions. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

  • Air Products and Chemicals Inc.
  • Aker Solutions ASA
  • Babcock and Wilcox Enterprises Inc.
  • Chevron Corp.
  • Eni Spa
  • Equinor ASA
  • Exxon Mobil Corp.
  • Fluor Corp.
  • General Electric Co.
  • Hitachi Ltd.
  • Linde Plc
  • Mitsubishi Heavy Industries Ltd.
  • NET Power
  • Occidental Petroleum Corp.
  • Schlumberger Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth by the pre-combustion segment will be significant during the forecast period. Pre-combustion technology is the most mature technology within the fast-developing global CCS market. In pre-combustion technology, CO2 is removed from the fuel prior to combustion. The process is carried out in a traditional steam reformer, where the fuel is converted to carbon monoxide (CO) and hydrogen (H2). The CO gas and steam are then converted into H2 and CO2. The separated H2 gas can be then used as fuel for both power and industry plants or vehicles.

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The pre-combustion segment was valued at 24.83 million t in 2017 and continued to grow until 2021.  Advances in first-generation pre-combustion technologies, especially improvements in the physical and chemical absorbing solvents, are expected to drive this segment during the forecast period. Vendors are developing new pre-combustion technologies, such as the ammonium carbonate-ammonium bicarbonate process and sorption-enhanced reforming process, that combines CO2 capture with coal gasification. The deployment of these technologies in the projects will increase in the future, and the cost of pre-combustion technologies will likely decline, which in turn is likely to drive the growth of this segment during the forecast period. 

Which are the Key Regions for the Market?

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Americas is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The US and Canada dominate the market in North America. Stringent regulations on carbon emission, coupled with support and incentives offered by governments in the region, are driving market growth in this region. Additionally, the application of CCS for enhanced oil recovery in the region will significantly drive the growth of the regional market in focus during the forecast period. Furthermore, the presence of factors such as abundant geological storage, diverse stakeholder support, and well-developed private-sector expertise has also played a major role in driving the demand for CCS projects in North America. 

Furthermore, the demand for these projects is also rising in South America amid the need to upgrade the existing power plants. Countries such as Brazil are steadily investing in the projects to curb the growing emission rate and achieve atmospheric CO2 stabilization. The country has the Petrobras Santos Basin Pre-Salt Oil Field, which has been separating CO2 onsite as part of natural gas processing since 2013 and is now storing 3 Mtpa. The captured CO2 is injected directly into the Lula, Sapinhoa, and Lapa oil fields for enhanced oil recovery. The country has various operating and planned the demonstration projects. Two of which are the Petrobras Miranga Project and the CEPAC Carbometano Porto Batista Project. These factors will contribute to regional growth during the forecast period. 

Market Analyst Overview

The global carbon capture and storage (CCS) market, though in a nascent stage, sees growth supported by initiatives like loans and tax incentives from entities such as the U.S. Department of Energy and the USDA Rural Utilities Service. Projects in industries like metal production, cement, and pulp & paper aim to reduce greenhouse gas emissions, particularly from coal-fired power plants. Technologies like oxy-combustion and integrated gasification combined cycle (IGCC) enable carbon capture, while the water-gas shift reaction (WGSR) and acid gas removal (AGR) processes further contribute to CO2 stream management.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and market growth and forecasting opportunities from 2017 to 2027. 

  • Technology Outlook (USD Million T, 2017 - 2027)
    • Pre-combustion
    • Post-combustion
    • Oxy-fuel combustion
  • Application Outlook (USD Million T, 2017 - 2027)
    • Enhanced oil recovery
    • Geological storage
  • Distribution Channel Outlook (USD Million T, 2017 - 2027)
    • Pipeline
    • Ships
  • End-user Outlook (USD Million T, 2017 - 2027)
    • Power
    • Oil
    • Gas
    • Manufacturing
  • Region Outlook (USD Million T, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Scope

Report Coverage

Details

Page number

205

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 22.91%

Market growth 2023-2027

104.5 mn t

Market structure

Fragmented

YoY growth 2022-2023(%)

21.52

Regional analysis

Americas, APAC, Europe, and Middle East and Africa

Performing market contribution

Americas at 64%

Key countries

US, Brazil, Canada, Australia, and Norway

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Air Products and Chemicals Inc., Aker Solutions ASA, Babcock and Wilcox Enterprises Inc., Chevron Corp., ENGIE SA, Enhance Energy Inc., Eni Spa, Equinor ASA, Exxon Mobil Corp., Fluor Corp., General Electric Co., Hitachi Ltd., Linde Plc, Mitsubishi Heavy Industries Ltd., NET Power, Occidental Petroleum Corp., Schlumberger Ltd., Shell plc, Siemens AG, and Sulzer Management Ltd.

Market dynamics

Parent market analysis, market research and growth, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and trends of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the industry across the Americas, APAC, Europe, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report of factors that will challenge the market growth analysis of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 08: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 09: Executive Summary – Chart on Incremental Growth
    • Exhibit 10: Executive Summary – Data Table on Incremental Growth
    • Exhibit 11: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 12: Parent market
    • Exhibit 13: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 14: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 15: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 16: Chart on Global - Market size and forecast 2022-2027 (million t)
      • Exhibit 17: Data Table on Global - Market size and forecast 2022-2027 (million t)
      • Exhibit 18: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 19: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global carbon capture and storage market market 2017 - 2021
      • Exhibit 20: Historic Market Size – Data Table on Global carbon capture and storage market market 2017 - 2021 (million t)
    • 4.2 Technology Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Technology Segment 2017 - 2021 (million t)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Application Segment 2017 - 2021 (million t)
    • 4.4 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 23: Historic Market Size – Distribution Channel Segment 2017 - 2021 (million t)
    • 4.5 End-user Segment Analysis 2017 - 2021
      • Exhibit 24: Historic Market Size – End-user Segment 2017 - 2021 (million t)
    • 4.6 Geography Segment Analysis 2017 - 2021
      • Exhibit 25: Historic Market Size – Geography Segment 2017 - 2021 (million t)
    • 4.7 Country Segment Analysis 2017 - 2021
      • Exhibit 26: Historic Market Size – Country Segment 2017 - 2021 (million t)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 27: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 28: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 29: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 30: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 31: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 32: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 33: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 34: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 35: Data Table on Technology - Market share 2022-2027 (%)
    • 6.2 Comparison by Technology
      • Exhibit 36: Chart on Comparison by Technology
      • Exhibit 37: Data Table on Comparison by Technology
    • 6.3 Pre-combustion - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Pre-combustion - Market size and forecast 2022-2027 (million t)
      • Exhibit 39: Data Table on Pre-combustion - Market size and forecast 2022-2027 (million t)
      • Exhibit 40: Chart on Pre-combustion - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Pre-combustion - Year-over-year growth 2022-2027 (%)
    • 6.4 Post-combustion - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Post-combustion - Market size and forecast 2022-2027 (million t)
      • Exhibit 43: Data Table on Post-combustion - Market size and forecast 2022-2027 (million t)
      • Exhibit 44: Chart on Post-combustion - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Post-combustion - Year-over-year growth 2022-2027 (%)
    • 6.5 Oxy-fuel combustion - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Oxy-fuel combustion - Market size and forecast 2022-2027 (million t)
      • Exhibit 47: Data Table on Oxy-fuel combustion - Market size and forecast 2022-2027 (million t)
      • Exhibit 48: Chart on Oxy-fuel combustion - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Oxy-fuel combustion - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Technology
      • Exhibit 50: Market opportunity by Technology (million t)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 51: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 53: Chart on Comparison by Application
      • Exhibit 54: Data Table on Comparison by Application
    • 7.3 Enhanced oil recovery - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Enhanced oil recovery - Market size and forecast 2022-2027 (million t)
      • Exhibit 56: Data Table on Enhanced oil recovery - Market size and forecast 2022-2027 (million t)
      • Exhibit 57: Chart on Enhanced oil recovery - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Enhanced oil recovery - Year-over-year growth 2022-2027 (%)
    • 7.4 Geological storage - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Geological storage - Market size and forecast 2022-2027 (million t)
      • Exhibit 60: Data Table on Geological storage - Market size and forecast 2022-2027 (million t)
      • Exhibit 61: Chart on Geological storage - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Geological storage - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 63: Market opportunity by Application (million t)

    8 Market Segmentation by Distribution Channel

    • 8.1 Market segments
      • Exhibit 64: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 65: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 8.2 Comparison by Distribution Channel
      • Exhibit 66: Chart on Comparison by Distribution Channel
      • Exhibit 67: Data Table on Comparison by Distribution Channel
    • 8.3 Pipeline - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Pipeline - Market size and forecast 2022-2027 (million t)
      • Exhibit 69: Data Table on Pipeline - Market size and forecast 2022-2027 (million t)
      • Exhibit 70: Chart on Pipeline - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Pipeline - Year-over-year growth 2022-2027 (%)
    • 8.4 Ships - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Ships - Market size and forecast 2022-2027 (million t)
      • Exhibit 73: Data Table on Ships - Market size and forecast 2022-2027 (million t)
      • Exhibit 74: Chart on Ships - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Ships - Year-over-year growth 2022-2027 (%)
    • 8.5 Market opportunity by Distribution Channel
      • Exhibit 76: Market opportunity by Distribution Channel (million t)

    9 Market Segmentation by End-user

    • 9.1 Market segments
      • Exhibit 77: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 78: Data Table on End-user - Market share 2022-2027 (%)
    • 9.2 Comparison by End-user
      • Exhibit 79: Chart on Comparison by End-user
      • Exhibit 80: Data Table on Comparison by End-user
    • 9.3 Power and oil and gas - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Power and oil and gas - Market size and forecast 2022-2027 (million t)
      • Exhibit 82: Data Table on Power and oil and gas - Market size and forecast 2022-2027 (million t)
      • Exhibit 83: Chart on Power and oil and gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Power and oil and gas - Year-over-year growth 2022-2027 (%)
    • 9.4 Manufacturing - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Manufacturing - Market size and forecast 2022-2027 (million t)
      • Exhibit 86: Data Table on Manufacturing - Market size and forecast 2022-2027 (million t)
      • Exhibit 87: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
    • 9.5 Market opportunity by End-user
      • Exhibit 89: Market opportunity by End-user (million t)

    10 Customer Landscape

    • 10.1 Customer landscape overview
      • Exhibit 90: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    11 Geographic Landscape

    • 11.1 Geographic segmentation
      • Exhibit 91: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 92: Data Table on Market share by geography 2022-2027 (%)
    • 11.2 Geographic comparison
      • Exhibit 93: Chart on Geographic comparison
      • Exhibit 94: Data Table on Geographic comparison
    • 11.3 Americas - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Americas - Market size and forecast 2022-2027 (million t)
      • Exhibit 96: Data Table on Americas - Market size and forecast 2022-2027 (million t)
      • Exhibit 97: Chart on Americas - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Americas - Year-over-year growth 2022-2027 (%)
    • 11.4 APAC - Market size and forecast 2022-2027
      • Exhibit 99: Chart on APAC - Market size and forecast 2022-2027 (million t)
      • Exhibit 100: Data Table on APAC - Market size and forecast 2022-2027 (million t)
      • Exhibit 101: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 11.5 Europe - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Europe - Market size and forecast 2022-2027 (million t)
      • Exhibit 104: Data Table on Europe - Market size and forecast 2022-2027 (million t)
      • Exhibit 105: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 11.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Exhibit 108: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Exhibit 109: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 11.7 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 (million t)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 (million t)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 11.8 Brazil - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Brazil - Market size and forecast 2022-2027 (million t)
      • Exhibit 116: Data Table on Brazil - Market size and forecast 2022-2027 (million t)
      • Exhibit 117: Chart on Brazil - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
    • 11.9 Canada - Market size and forecast 2022-2027
      • Exhibit 119: Chart on Canada - Market size and forecast 2022-2027 (million t)
      • Exhibit 120: Data Table on Canada - Market size and forecast 2022-2027 (million t)
      • Exhibit 121: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 11.10 Norway - Market size and forecast 2022-2027
      • Exhibit 123: Chart on Norway - Market size and forecast 2022-2027 (million t)
      • Exhibit 124: Data Table on Norway - Market size and forecast 2022-2027 (million t)
      • Exhibit 125: Chart on Norway - Year-over-year growth 2022-2027 (%)
      • Exhibit 126: Data Table on Norway - Year-over-year growth 2022-2027 (%)
    • 11.11 Australia - Market size and forecast 2022-2027
      • Exhibit 127: Chart on Australia - Market size and forecast 2022-2027 (million t)
      • Exhibit 128: Data Table on Australia - Market size and forecast 2022-2027 (million t)
      • Exhibit 129: Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Exhibit 130: Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • 11.12 Market opportunity by geography
      • Exhibit 131: Market opportunity by geography (million t)

    12 Drivers, Challenges, and Trends

    • 12.1 Market drivers
      • 12.2 Market challenges
        • 12.3 Impact of drivers and challenges
          • Exhibit 132: Impact of drivers and challenges in 2022 and 2027
        • 12.4 Market trends

          13 Vendor Landscape

          • 13.1 Overview
            • 13.2 Vendor landscape
              • Exhibit 133: Overview on Criticality of inputs and Factors of differentiation
            • 13.3 Landscape disruption
              • Exhibit 134: Overview on factors of disruption
            • 13.4 Industry risks
              • Exhibit 135: Impact of key risks on business

            14 Vendor Analysis

            • 14.1 Vendors covered
              • Exhibit 136: Vendors covered
            • 14.2 Market positioning of vendors
              • Exhibit 137: Matrix on vendor position and classification
            • 14.3 Air Products and Chemicals Inc.
              • Exhibit 138: Air Products and Chemicals Inc. - Overview
              • Exhibit 139: Air Products and Chemicals Inc. - Business segments
              • Exhibit 140: Air Products and Chemicals Inc. - Key news
              • Exhibit 141: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 142: Air Products and Chemicals Inc. - Segment focus
            • 14.4 Aker Solutions ASA
              • Exhibit 143: Aker Solutions ASA - Overview
              • Exhibit 144: Aker Solutions ASA - Business segments
              • Exhibit 145: Aker Solutions ASA - Key news
              • Exhibit 146: Aker Solutions ASA - Key offerings
              • Exhibit 147: Aker Solutions ASA - Segment focus
            • 14.5 Babcock and Wilcox Enterprises Inc.
              • Exhibit 148: Babcock and Wilcox Enterprises Inc. - Overview
              • Exhibit 149: Babcock and Wilcox Enterprises Inc. - Business segments
              • Exhibit 150: Babcock and Wilcox Enterprises Inc. - Key news
              • Exhibit 151: Babcock and Wilcox Enterprises Inc. - Key offerings
              • Exhibit 152: Babcock and Wilcox Enterprises Inc. - Segment focus
            • 14.6 Chevron Corp.
              • Exhibit 153: Chevron Corp. - Overview
              • Exhibit 154: Chevron Corp. - Business segments
              • Exhibit 155: Chevron Corp. - Key news
              • Exhibit 156: Chevron Corp. - Key offerings
              • Exhibit 157: Chevron Corp. - Segment focus
            • 14.7 ENGIE SA
              • Exhibit 158: ENGIE SA - Overview
              • Exhibit 159: ENGIE SA - Business segments
              • Exhibit 160: ENGIE SA - Key offerings
              • Exhibit 161: ENGIE SA - Segment focus
            • 14.8 Enhance Energy Inc.
              • Exhibit 162: Enhance Energy Inc. - Overview
              • Exhibit 163: Enhance Energy Inc. - Product / Service
              • Exhibit 164: Enhance Energy Inc. - Key offerings
            • 14.9 Eni Spa
              • Exhibit 165: Eni Spa - Overview
              • Exhibit 166: Eni Spa - Business segments
              • Exhibit 167: Eni Spa - Key offerings
              • Exhibit 168: Eni Spa - Segment focus
            • 14.10 Equinor ASA
              • Exhibit 169: Equinor ASA - Overview
              • Exhibit 170: Equinor ASA - Business segments
              • Exhibit 171: Equinor ASA - Key offerings
              • Exhibit 172: Equinor ASA - Segment focus
            • 14.11 Exxon Mobil Corp.
              • Exhibit 173: Exxon Mobil Corp. - Overview
              • Exhibit 174: Exxon Mobil Corp. - Business segments
              • Exhibit 175: Exxon Mobil Corp. - Key offerings
              • Exhibit 176: Exxon Mobil Corp. - Segment focus
            • 14.12 Fluor Corp.
              • Exhibit 177: Fluor Corp. - Overview
              • Exhibit 178: Fluor Corp. - Business segments
              • Exhibit 179: Fluor Corp. - Key offerings
              • Exhibit 180: Fluor Corp. - Segment focus
            • 14.13 General Electric Co.
              • Exhibit 181: General Electric Co. - Overview
              • Exhibit 182: General Electric Co. - Business segments
              • Exhibit 183: General Electric Co. - Key news
              • Exhibit 184: General Electric Co. - Key offerings
              • Exhibit 185: General Electric Co. - Segment focus
            • 14.14 Hitachi Ltd.
              • Exhibit 186: Hitachi Ltd. - Overview
              • Exhibit 187: Hitachi Ltd. - Business segments
              • Exhibit 188: Hitachi Ltd. - Key news
              • Exhibit 189: Hitachi Ltd. - Key offerings
              • Exhibit 190: Hitachi Ltd. - Segment focus
            • 14.15 Linde Plc
              • Exhibit 191: Linde Plc - Overview
              • Exhibit 192: Linde Plc - Business segments
              • Exhibit 193: Linde Plc - Key news
              • Exhibit 194: Linde Plc - Key offerings
              • Exhibit 195: Linde Plc - Segment focus
            • 14.16 Mitsubishi Heavy Industries Ltd.
              • Exhibit 196: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 197: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 198: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 199: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 200: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 14.17 NET Power
              • Exhibit 201: NET Power - Overview
              • Exhibit 202: NET Power - Product / Service
              • Exhibit 203: NET Power - Key offerings

            15 Appendix

            • 15.1 Scope of the report
              • 15.2 Inclusions and exclusions checklist
                • Exhibit 204: Inclusions checklist
                • Exhibit 205: Exclusions checklist
              • 15.3 Currency conversion rates for US$
                • Exhibit 206: Currency conversion rates for US$
              • 15.4 Research methodology
                • Exhibit 207: Research methodology
                • Exhibit 208: Validation techniques employed for market sizing
                • Exhibit 209: Information sources
              • 15.5 List of abbreviations
                • Exhibit 210: List of abbreviations

              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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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