Carbon Capture and Sequestration Market: Current Analysis and Forecast (2021-2027)

Human emissions of carbon dioxide and other greenhouse gases are a major driver for climate change globally, it acts as one of the major challenges for the global economy. Owing to this in the past few decades, globally the average temperatures have increased to approximately 0.7? higher than 1961-1990 baseline. Carbon capture and storage (CCS), refers to the process of capturing carbon dioxide (CO2) from anthropogenic sources such as power generation and/or industrial processes) and permanently storing the captured CO2 underground, to prevent excess emissions of CO2 from entering the atmosphere. This is considered as an integral component of achieving decarbonization. The United States Department of Energy (DOE)'s National Energy Technology Laboratory (NETL) have been spending heavily on R&D related CCS for nearly two decades. As per International Energy Agency data for 2019, globally, roughly 33 million metric tons of CO2 (MtCO2) is being captured and stored each year (mostly as part of enhanced oil recovery [EOR]). However, as per energy outlook analyses, to meet the emission target, it is estimated that CCS would be needed on the scale of upwards of 1,500 MtCO2 being captured per year by 2030 and between 5,000-10,000 MtCO2 being captured per year by 2050.

Insights Presented in the Report

“Amongst Service, Carbon Capture service segment dominated the market in 2020.”

 

Based on service the Global Carbon Capture and Sequestration Market is categorized into Capture (combustion and industrial separation), Transport, Sequestration. Currently, Carbon Capture segment dominate the market with a revenue share of 68.8% and is expected to maintain its dominance during the forecast period.

 

“Amongst Capture source, Natural Gas Processing and Power Generation generated major portion of revenue in 2020.”

Based on capture source, the Global Carbon Capture and Sequestration Market is bifurcated into Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, Others. Among these, natural gas processing and power generation together capture a revenue share of 69.2% in 2020.

“Amongst Storage, EOR Process category generated highest revenue in 2020.”

Based on storage, the Global Carbon Capture and Sequestration Market is bifurcated into EOR and dedicated geological storage. Currently, EOR segment dominated the market. However, dedicated geological storage is likely to capture the top position in the market by 2027.

“North America represents as the largest markets in the Global Carbon Capture and Sequestration Market.”

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada), Europe (UK, Netherlands, Norway), Asia-Pacific (China, Australia, New Zealand), Middle East & Africa (Qatar, UAE, Saudi Arabia), and South America (Brazil). North America dominated the market in 2020, however, Europe is likely to showcase fastest growth rate owing to increasing number of carbon capture projects in Europe due to increasing concern regarding greenhouse emission. Some of the major players operating in the market include Fluor Corporation, Linde AG, Shell, Equinor, Chevron, TotalEnergies, Petrobras, China National Petroleum Corporation, ExxonMobil, ADNOC Group.

Reasons to buy this report:

? The study includes market sizing and forecasting analysis validated by authenticated key industry experts

? The report presents a quick review of overall industry performance at one glance

? The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

? Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

? The study comprehensively covers the market across different segments

? Deep dive country level analysis of the industry

Customization Options:

The Global Carbon Capture and Sequestration Market can further be customized as per the requirement or any other market segment.

Table of content

1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency Used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Smart Gas Meter Market
2.1.1. Main Objective of the Global Smart Gas Meter Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL SMART GAS METER MARKET AMID COVID-19
6 GLOBAL SMART GAS METER MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY TECHNOLOGY
7.1. Automated Meter Reading (AMR)
7.2. Advanced Metering Infrastructure (AMI)
8 MARKET INSIGHTS BY TYPE
8.1. Smart Ultrasonic Gas Meter
8.2. Smart Diaphragm Gas Meter
9 MARKET INSIGHTS BY COMPONENT
9.1. Hardware
9.2. Software
10 MARKET INSIGHTS BY END-USERS
10.1. Residential
10.2. Commercial
10.3. Industrial
11 MARKET INSIGHTS BY REGION
11.1. North America Smart Gas Meter Market
11.1.1. United States
11.1.2. Canada
11.1.3. Rest of North America
11.2. Europe Smart Gas Meter Market
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia Pacific Smart Gas Meter Market
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. South Korea
11.3.5. Rest of Asia Pacific
11.4. Rest of World Smart Gas Meter Market
12 SMART GAS METER MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis
13 SMART GAS METER MARKET OPPORTUNITIES
14 SMART GAS METER MARKET TRENDS
15 LEG

 

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