The Worldwide Carbon Capture and Storage Industry is Expected to Reach $15.2 Billion by 2029 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Carbon Capture and Storage Market Share, Size, Trends, Industry Analysis Report By Application; By Capture Type; By Region, Segments & Forecast, 2022 – 2029” report has been added to ResearchAndMarkets.com’s offering.
The global carbon capture and storage market size is expected to reach USD 15,286.4 million by 2029 according to this new study. The report gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Increasing government regulations on GHG emission along with rising awareness regarding climate change conditions among CO2 emitting industries is expected to boost the market over the forecast period.
Furthermore, increasing the use of sustainable resources such as wind and water along with the introduction of emission control machinery is expected to create opportunities for industry growth.
North America is expected to hold the largest market share over the forecast period due to increasing energy demand along with government initiatives to reduce CO2 emissions. Moreover, increasing investment towards technology storage development coupled with the presence of key industry players are expected to favor the trend in the coming years. Additionally, developed economies in this region are expected to increase the demand for the storage product over the forecast period.
The publisher has segmented the carbon capture and storage market report on the basis of capture type, application, and region:
Carbon Capture and Storage, Capture Type Outlook (Revenue-USD Million, Volume-Million Metric Tons)
- Pre-combustion
- Industrial separation
- Oxyfuel-combustion
- Post-combustion
Carbon Capture and Storage, Application Outlook (Revenue-USD Million, Volume-Million Metric Tons)
- Enhanced Oil Recovery
- Industrial
- Agriculture
- Others
Carbon Capture and Storage, Regional Outlook (Revenue-USD Million, Volume-Million Metric Tons)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Poland
- Italy
- Belgium
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Malaysia
- Indonesia
- Rest of Asia Pacific
- Central & South America
- Brazil
- Argentina
- Rest of Central & South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Nigeria
- Rest of Middle East & Africa
Companies Mentioned
- Aker Solutions
- Cansolv Technologies Inc
- Chevron Corporation
- Dakota Gasification Company
- Exxon Mobil
- Fluor
- General Electric
- Halliburton
- HTC CO2 Systems Corp
- Japan CCS Co. Ltd.
- Linde
- Maersk Oil
- Mitsubishi Heavy Industries
- NRG Energy
- Schlumberger Limited
- Shell CANSOLV
- Siemens AG
- Statoil
- Sulzer
For more information about this report visit https://www.researchandmarkets.com/r/2zqxvn
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