Global Carbon Capture and Sequestration (CCS) Market


Posted December 27, 2019 by ganpan

Global Carbon Capture and Sequestration (CCS) Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

 
Growing concern for clean and pollution free environment and rapid evaluation and development of CCS technologies to drive the growth of the carbon capture and sequestration (CCS) market
Carbon Capture and Storage (CCS) is an emission reduction mechanism aimed at preventing the release of significant amounts of carbon dioxide into the atmosphere. The process includes carbon dioxide capture, transport, and disposal in order to not escape into the atmosphere. The process involves three major steps and technologies such as capture, which involves extracting CO2 from gasses generated from various procedures. The second step is transport; this includes moving the collected CO2 to a suitable storage site with the help of tanks, trucks, and boats. The final step is storage, which includes CO2 injection into the underground rock formation, deep wells, and depleted reservoirs.
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CCS is the superlative technology for reducing air pollution in addition to a cost-effective option for reducing CO2 emissions in large energy-intensive industries. In fact, the promising short-term potential for technology worldwide lies not only in the power sector but also in reducing CO2 emissions from the industrial activities that currently emit CO2 streams. Industry players focused on developing new and more effective technologies and processes for carbon capture. Post Cap, a post-carbon capture system, is one of the most effective technologies, based as a solvent on the solution of amino acid salt (AAS). It can be integrated into new power plants and also can be refitted in existing power plants of small-medium or large scale industries.
The growth of the carbon capture and sequestration (CCS) market is primarily driven by growing concern about clean and pollution-free environment. Moreover, rapid evaluation and development of CCS technologies also drives the growth of the global carbon capture and sequestration (CCS) market. However, high investment costs and lack of awareness are creating a major hindrance to the growth of the global carbon capture and sequestration market. Apart from all these, the increased investment from Govt. regulatory bodies in carbon capture and sequestration (CCS) technology is expected to create major growth opportunities in the global market during the forecast period.
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The pre-combustion capture segment expected to grow at the fastest rate of 16.8% CAGR during the forecast period
Based on technology type, the global carbon capture and sequestration (CCS) market has been segmented into pre-combustion capture, post-combustion capture and oxy-fuel combustion. The pre-combustion capture is expected to grow at the fastest rate of CAGR 16.8% during the forecast period. CO2 pre-combustion capture using water gas shift reaction and acid gas removal (AGR) process is currently being practiced across the globe. The advantage of using the pre-combustion capture technology under pressure is that it imposes less than an energy cost, i.e. approximately 20% at 90% CO2 capture than the existing PCC technology (approx. 30%). The key factors driving its demand over the forecast period are expected to be increased energy generation, newly developed advanced amine systems and heat integration systems.
North America to dominate the carbon capture and sequestration (CCS) market throughout the forecast period
North America is accounted for nearly 31% share of the global carbon capture and sequestration (CCS) market and is expected to dominate the market throughout the forecast period. Strict regulation for a cleaner environment coupled with a rising need for carbon dioxide in enhanced oil recovery processes due to an increasing number of mature oilfields is expected to be the main driver of industry penetration. Meanwhile, due to more coal-fired power plants, the demand is expected to grow the Asia-Pacific with the fastest growth rate.
Company Profiles and Competitive Intelligence:
The major players operating in the global carbon capture and sequestration (CCS) market are AkerSolutions, Shell CANSOLV, Dakota Gasification Company, Statoil, Linde Engineering, Fluor, Siemens AG, Sulzer, Maersk Oil, and Mitsubishi Heavy Industries among others.
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Carbon Capture and Sequestration (CCS) Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Carbon Capture and Sequestration (CCS) Market
1.3. Market Dynamics
1.4. Global Carbon Capture and Sequestration (CCS) Market, by Segment, 2018
1.4.1. Global Carbon Capture and Sequestration (CCS) Market, by Technology, 2018, (USD Million)
1.4.2. Global Carbon Capture and Sequestration (CCS) Market, by Application, 2018, (USD Million)
1.4.3. Global Carbon Capture and Sequestration (CCS) Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Carbon Capture and Sequestration (CCS) Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Carbon Capture and Sequestration (CCS) Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing concern for clean and pollution free environment
2.2.2. Rapid evaluation and development of CCS technologies
2.3. Market Restraints
2.3.1. High cost associated with CCS technologies
2.4. Market Opportunities
2.4.1. Increase investment from government regulatory bodies
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Carbon Capture and Sequestration (CCS) Market, by Technology
3.1. Market Overview, by Technology
3.1.1. Global Carbon Capture and Sequestration (CCS) Market, by Technology, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Technology, 2018
3.2. Pre-Combustion Capture
Continue.....
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Last Updated December 27, 2019