Global CCS in Power Generation Market 2016-2020

Published: Jun 2016 Pages: 111 SKU: IRTNTR9564

Overview of the CCS in power generation market

Technavio’s market research analysts have estimated the global CCS (carbon capture and storage) in power generation market to grow profoundly at a CAGR of about 60% by 2020. The over-dependence on fossil fuels and abundant supplies is considered to be one of the primary growth drivers in this market. Technological advancements and booming economies are directly dependent on the availability of energy and ever since commercial uses of oil and natural gas was discovered, the demand for fossil fuels has only increased. The available fossil fuels are expected to meet the energy demands for decades. There will be significant emissions of greenhouse gases, which will, in turn, increase the demand for carbon capture and storage systems.

This industry research report identifies the apprehensions related to EOR (enhanced oil recovery) application as one of the major trends that will gain traction in this market in the coming years. The significance of CO2 in oil and natural gas recovery has been around for decades. The rise in the number of CCS projects has led to the abundant availability of CO2 which can now be injected into the reservoirs to replenish the naturally occurring gas drive. The constantly increasing demand for fossil fuels will subsequently lead to the demand for EOR techniques, which will, in turn, drive the growth of the CO2 sequestration technology market. 

Segmentation by application and analysis of the CCS in power generation market

  • Pre-combustion capture
  • Post-combustion capture
  • Oxy-fuel combustion capture

According to this market study report, the pre-combustion capture segment will dominate the CCS in power generation market during the forecast period and will account for almost 63% of the total market share by 2020. The advances in first-generation pre-combustion technologies and the estimated decrease in the cost of pre-combustion technologies will fuel the growth of this market segment.

Geographical segmentation and analysis of the CCS in power generation market

  • Americas
  • APAC
  • EMEA

During 2015, the Americas dominated the global market and accounted for the majority of the market shares. Stringent government regulations on carbon emissions coupled with government support and incentives drive the growth of the market in this region. This market research and analysis predicts that the Americas will continue to dominate this market in the coming years as well.

Competitive landscape and key vendors

The market is currently in its infant stages and even though it exhibits significant potential for growth, its present status is uncertain. Due to the presence of several vendors, the market appears fragmented, and although there is a great growth potential, vendor success depends on a certain course of business decisions and strategies.

The leading vendors in the market are -

  • GE-Alstom Grid
  • The Linde
  • Babcock & Wilcox Enterprises
  • Mitsubishi Heavy Industries
  • GDF Suez Energie Services
  • Fluor Corporation
  • Shell Cansolv - (Royal Dutch Shell)
  • Net Power

The other prominent vendors in the market are Hitachi, Sulzer, Siemens, Amec Foster Wheeler, and Air Products.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the CCS in power generation market?
  • What are the key market trends impacting the growth of the CCS in power generation market?
  • What are the challenges to market growth?
  • Who are the key vendors in the CCS in power generation market?
  • What are the market opportunities and threats faced by the vendors in the CCS in power generation market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the CCS in power generation market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Technological overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Segmentation of CCS in power generation by capture technology
  • Segmentation of CCS in power generation by transportation technology
  • Segmentation of CCS in power generation by application

PART 07: Geographical segmentation

  • Global CCS in power generation market 2016-2020 segmentation by geography
  • APAC
  • Americas
  • EMEA

PART 08: Key leading countries

PART 09: Market drivers

  • Over-dependence on fossil fuels and abundant supplies
  • Growing demand for reuse of carbon dioxide
  • Booming investments and advances in technology
  • Stricter environmental requirements

PART 10: Market challenges

  • Risks associated with carbon capture and storage
  • High costs associated with CCS technology implementation
  • Scalability issue in CCS transportation

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Shift in focus toward developing nations
  • Apprehensions related to EOR application
  • Increased need of regulatory support from governments
  • Significant increase in demand for EOR techniques

PART 13: Vendor landscape

  • Other prominent vendors

PART 14: Key vendor analysis

  • GE Energy
  • Linde Group
  • Babcock and Wilcox
  • Mitsubishi Heavy Industries

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

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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