Carbon Capture and Storage Market Analysis and Forecast to 2032: By Technology (Pre-Combustion, Post Combustion, Oxy-Fuel Combustion), Application (Oil and Gas, Chemical Processing, Power Generation, Others), and Region

Published Date : January, 2023 Report Code : GIS10067 Number of Pages: 159
Industry : Energy & Natural Resources Publication Status : Published

Carbon capture and storage (CCS) technology refers to the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and injecting it deep underground where it will not enter the atmosphere.

CCS can play an important role in mitigating climate change by reducing CO2 emissions from power plants and other industrial sources. When used in conjunction with renewable energy sources, CCS can help to achieve deep cuts in greenhouse gas emissions.

There are a number of CCS projects currently in operation around the world, and many more are in the planning stages. CCS technology is still relatively new and there are a number of challenges that need to be addressed, including the high cost of capture and transport, and the potential for leakage from storage sites.

Report Coverage
Report Attribute Details
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredTechnology, Application
Key CompaniesAker Solutions, Air Products and Chemicals, Inc., Alstom, American Electric Power, Archer Daniels Midland Company, BASF SE, BP plc, Chevron Corporation, Dresser-Rand Group, Exxon Mobil
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends

CCS technology has been used for over a decade, and its feasibility and effectiveness have been well-demonstrated. In recent years, there has been a renewed interest in CCS as a means of reducing GHG emissions, in light of the Paris Agreement and the need to meet ambitious climate targets.

There are a few key trends in CCS technology:

  • Increasing efficiency and scale of CCS processes
  • Developing new CCS processes and applications
  • Improving the economics of CCS
  • Deploying CCS in a variety of settings
Key Drivers

The Carbon Capture and Storage (CCS) market is driven by a number of factors, including environmental concerns, government regulations, and the need for a more efficient and cleaner energy mix.

CCS technology helps to reduce greenhouse gas emissions from power plants and other industrial facilities by capturing carbon dioxide (CO2) before it is released into the atmosphere. The captured CO2 is then transported to a storage site, where it is injected deep underground and permanently sequestered.

CCS is seen as a key technology for mitigating climate change, as it has the potential to reduce CO2 emissions from power plants by up to 90%. In addition, CCS can be used to capture other greenhouse gases, such as methane and nitrous oxide.

The CCS market is expected to grow in the coming years, as more countries adopt climate change mitigation strategies and regulations. The International Energy Agency (IEA) estimates that CCS could play a role in reducing global CO2 emissions by up to 20% by 2050.

There are a number of challenges that need to be addressed in order for CCS to be deployed at scale, including the high cost of the technology and the lack of a comprehensive regulatory framework.

Restraints & Challenges

The CCS market faces several key challenges.

Firstly, CCS technologies are still relatively unproven and expensive. There is a lack of large-scale demonstration projects, which makes it difficult to assess the technical and economic feasibility of CCS. As a result, there is little confidence in investing in CCS technologies.

Secondly, the regulatory environment for CCS is still uncertain. There is a lack of international agreement on how to regulate CCS, which makes it difficult to develop a coherent global market for CCS.

Thirdly, the public perception of CCS is often negative. CCS is often seen as a way of prolonging the use of fossil fuels, rather than a genuine solution to climate change. This negative perception makes it difficult to build political support for CCS.

Lastly, CCS technologies need to be deployed at a large scale in order to be effective. This requires a significant investment of time, money and political will.

Market Segments

By Technology

  • Pre-Combustion
  • Post Combustion
  • Oxy-Fuel Combustion
  • Others

By Application

  • Oil and Gas
  • Chemical Processing
  • Power Generation
  • Cement
  • Others
Key Players
  • Aker Solutions
  • Air Products and Chemicals, Inc.
  • Alstom
  • American Electric Power
  • Archer Daniels Midland Company
  • BASF SE
  • BP plc
  • Chevron Corporation
  • Dresser-Rand Group
  • Exxon Mobil
  • Fluor Corporation
  • GE Power
  • Halliburton
  • McDermott International, Inc.
  • National Oilwell Varco
  • Royal Dutch Shell
  • Schlumberger Limited

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Carbon Capture and Storage Market Outlook
3.1. Carbon Capture and Storage Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. Pestle Analysis
3.5. Value Chain Analysis
3.5.1. Raw Type Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and Retailers
3.6. Impact of Russia and Ukraine War On the Global Carbon Capture and Storage Market

Chapter 4. Economic Impact of Covid-19
4.1. Overall Impact of Covid-19
4.2. Impact of Covid On the Global Carbon Capture and Storage Market
4.3. Economic Impact Analysis

Chapter 5. Carbon Capture and Storage Market by Application
5.1. Market Overview
5.2. Oil and Gas
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Chemical Processing
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Power Generation
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Cement
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.6. Others
5.6.1. Market Size and Forecast, 2021-2031 ($Million)
5.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Carbon Capture and Storage Market by Technology
6.1. Market Overview
6.2. Pre-Combustion
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Post Combustion
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Oxy-Fuel Combustion
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Carbon Capture and Storage Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.3. North America Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.2.4. North America Carbon Capture and Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. U.S. Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.5.2. U.S. Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6.2. Canada Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7.2. Mexico Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.3. Europe Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.4. Europe Carbon Capture and Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.5.2. Germany Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6.2. France Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7.2. U.K. Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8.2. Spain Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9.2. Italy Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.10. Russia
7.3.10.1. Russia Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10.2. Russia Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.11. Rest of Europe
7.3.11.1. Rest of Europe Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.11.2. Rest of Europe Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Carbon Capture and Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.5.2. China Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6.2. India Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7.2. Japan Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8.2. South Korea Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.3. Rest of the World Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5.4. Rest of the World Carbon Capture and Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.5.2. Latin America Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6.2. Middle East Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Carbon Capture and Storage Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7.2. Africa Carbon Capture and Storage Market Size and Forecast by Technology, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Aker Solutions
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product offerings
9.1.4. Key Strategic Initiatives
9.1.5. Swot Analysis
9.2. Air Products and Chemicals, Inc.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. Swot Analysis
9.3. Alstom
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. Swot Analysis
9.4. American Electric Power
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. Swot Analysis
9.5. Archer Daniels Midland Company
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. Swot Analysis
9.6. BASF SE
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. Swot Analysis
9.7. BP plc
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. Swot Analysis
9.8. Chevron Corporation
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. Swot Analysis
9.9. Dresser-Rand Group
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. Swot Analysis
9.10. Exxon Mobil
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. Swot Analysis
*the List of Company Is Subject To Change During the Final Compilation of the Report

Key Players
  • Aker Solutions
  • Air Products and Chemicals, Inc.
  • Alstom
  • American Electric Power
  • Archer Daniels Midland Company
  • BASF SE
  • BP plc
  • Chevron Corporation
  • Dresser-Rand Group
  • Exxon Mobil
  • Fluor Corporation
  • GE Power
  • Halliburton
  • McDermott International, Inc.
  • National Oilwell Varco
  • Royal Dutch Shell
  • Schlumberger Limited

By Technology

  • Pre-Combustion
  • Post Combustion
  • Oxy-Fuel Combustion
  • Others

By Application

  • Oil and Gas
  • Chemical Processing
  • Power Generation
  • Cement
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Central & South America
    • Brazil
    • Rest of CSA
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
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