Carbon Capture and Sequestration Market
Description
Carbon capture and sequestration refers to climate change mitigation technology which involves capturing carbon dioxide and transporting or storing the same underground securely. This process involves capturing carbon dioxide, transporting the same to a suitable storage site and then injecting the same into deep geological formations for long-term isolation.
There has been an increase in the need to reduce carbon dioxide emissions across different cement, steel, power generation, oil & gas, and chemical sectors. This leads to surge in adoption of carbon capture and sequestration market technologies supported by regulatory mandates as a part of their decarbonization strategies. This fosters the growth of the carbon capture and sequestration market.
However, increase in operational costs hampers the growth of the carbon capture and sequestration market. Surge in deployment of carbon capture and sequestration systems needs investment in capture equipment, transportation infrastructure, and long-term storage facilities. This increases the costs of operations for the carbon capture and sequestration systems, in turn limiting the adoption of these systems in price-sensitive sectors or countries.
Nevertheless, advancements in technology and innovations such as membrane separation technologies, advanced solvents, and direct air capture, are expected to boost the growth of the carbon capture and sequestration market during the forecast period. These innovations help improve cost-effectiveness, scalability and efficiency of carbon emission capture, making the carbon capture and sequestration systems practical and economically viable. This helps increase the adoption of these systems across different industries. Thus, this is expected to foster the market growth in the upcoming years.
Segment Overview
The carbon capture and sequestration market is segmented into type, technology, end-use industry, and region. On the basis of type, the market is segmented into ocean sequestration, terrestrial sequestration, and others. On the basis of technology, the market is segmented into pre-combustion capture, post-combustion capture, oxy-fuel combustion capture, and others. On the basis of end-use industry, the market is classified into oil and gas, power generation, iron and steel, cement, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competitive Analysis
Key players in the carbon capture and sequestration market include Siemens A.G., Fluor Corporation ExxonMobil Corporation, TotalEnergies, Chevron Corporation, Air Liquide, Linde Plc, Mitsubishi Heavy Industries, Ltd., China National Petroleum Corporation, and Carbon Engineering Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carbon capture and sequestration market analysis from 2024 to 2034 to identify the prevailing carbon capture and sequestration market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the carbon capture and sequestration market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global carbon capture and sequestration market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Ocean Sequestration
Terrestrial Sequestration
Others
By Technology
Post-Combustion Capture
Oxy-fuel Combustion Capture
Others
Pre-Combustion Capture
By End-Use Industry
Oil and Gas
Power Generation
Iron and Steel
Cement
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Fluor Corporation
Linde PLC
China National Petroleum Corporation
ExxonMobil Corporation
Chevron Corporation
Mitsubishi Heavy Industries Ltd.
Air Liquide
Siemens A.G.
TotalEnergies
Carbon Engineering Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
There has been an increase in the need to reduce carbon dioxide emissions across different cement, steel, power generation, oil & gas, and chemical sectors. This leads to surge in adoption of carbon capture and sequestration market technologies supported by regulatory mandates as a part of their decarbonization strategies. This fosters the growth of the carbon capture and sequestration market.
However, increase in operational costs hampers the growth of the carbon capture and sequestration market. Surge in deployment of carbon capture and sequestration systems needs investment in capture equipment, transportation infrastructure, and long-term storage facilities. This increases the costs of operations for the carbon capture and sequestration systems, in turn limiting the adoption of these systems in price-sensitive sectors or countries.
Nevertheless, advancements in technology and innovations such as membrane separation technologies, advanced solvents, and direct air capture, are expected to boost the growth of the carbon capture and sequestration market during the forecast period. These innovations help improve cost-effectiveness, scalability and efficiency of carbon emission capture, making the carbon capture and sequestration systems practical and economically viable. This helps increase the adoption of these systems across different industries. Thus, this is expected to foster the market growth in the upcoming years.
Segment Overview
The carbon capture and sequestration market is segmented into type, technology, end-use industry, and region. On the basis of type, the market is segmented into ocean sequestration, terrestrial sequestration, and others. On the basis of technology, the market is segmented into pre-combustion capture, post-combustion capture, oxy-fuel combustion capture, and others. On the basis of end-use industry, the market is classified into oil and gas, power generation, iron and steel, cement, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competitive Analysis
Key players in the carbon capture and sequestration market include Siemens A.G., Fluor Corporation ExxonMobil Corporation, TotalEnergies, Chevron Corporation, Air Liquide, Linde Plc, Mitsubishi Heavy Industries, Ltd., China National Petroleum Corporation, and Carbon Engineering Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carbon capture and sequestration market analysis from 2024 to 2034 to identify the prevailing carbon capture and sequestration market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the carbon capture and sequestration market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global carbon capture and sequestration market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Ocean Sequestration
Terrestrial Sequestration
Others
By Technology
Post-Combustion Capture
Oxy-fuel Combustion Capture
Others
Pre-Combustion Capture
By End-Use Industry
Oil and Gas
Power Generation
Iron and Steel
Cement
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Fluor Corporation
Linde PLC
China National Petroleum Corporation
ExxonMobil Corporation
Chevron Corporation
Mitsubishi Heavy Industries Ltd.
Air Liquide
Siemens A.G.
TotalEnergies
Carbon Engineering Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
337 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Technological Advancements in CCS Systems
- 3.4.1.2. Growing Investments in Clean Energy Infrastructure
- 3.4.2. Restraints
- 3.4.2.1. High Capital and Operational Costs
- 3.4.3. Opportunities
- 3.4.3.1. Growth of Enhanced Oil Recovery (EOR) Applications
- 3.5. Value Chain Analysis
- 3.6. Regulatory Guidelines
- CHAPTER 4: CARBON CAPTURE AND SEQUESTRATION MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Ocean Sequestration
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Terrestrial Sequestration
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- CHAPTER 5: CARBON CAPTURE AND SEQUESTRATION MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Pre-Combustion Capture
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Post-Combustion Capture
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Oxy-fuel Combustion Capture
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- CHAPTER 6: CARBON CAPTURE AND SEQUESTRATION MARKET, BY END-USE INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Oil and Gas
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Power Generation
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Iron and Steel
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Cement
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- CHAPTER 7: CARBON CAPTURE AND SEQUESTRATION MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by End-Use Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Type
- 7.2.5.1.2. Market size and forecast, by Technology
- 7.2.5.1.3. Market size and forecast, by End-Use Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Type
- 7.2.5.2.2. Market size and forecast, by Technology
- 7.2.5.2.3. Market size and forecast, by End-Use Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Type
- 7.2.5.3.2. Market size and forecast, by Technology
- 7.2.5.3.3. Market size and forecast, by End-Use Industry
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by End-Use Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Type
- 7.3.5.1.2. Market size and forecast, by Technology
- 7.3.5.1.3. Market size and forecast, by End-Use Industry
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Type
- 7.3.5.2.2. Market size and forecast, by Technology
- 7.3.5.2.3. Market size and forecast, by End-Use Industry
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by Type
- 7.3.5.3.2. Market size and forecast, by Technology
- 7.3.5.3.3. Market size and forecast, by End-Use Industry
- 7.3.5.4. UK
- 7.3.5.4.1. Market size and forecast, by Type
- 7.3.5.4.2. Market size and forecast, by Technology
- 7.3.5.4.3. Market size and forecast, by End-Use Industry
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Type
- 7.3.5.5.2. Market size and forecast, by Technology
- 7.3.5.5.3. Market size and forecast, by End-Use Industry
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Type
- 7.3.5.6.2. Market size and forecast, by Technology
- 7.3.5.6.3. Market size and forecast, by End-Use Industry
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by End-Use Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Type
- 7.4.5.1.2. Market size and forecast, by Technology
- 7.4.5.1.3. Market size and forecast, by End-Use Industry
- 7.4.5.2. India
- 7.4.5.2.1. Market size and forecast, by Type
- 7.4.5.2.2. Market size and forecast, by Technology
- 7.4.5.2.3. Market size and forecast, by End-Use Industry
- 7.4.5.3. Japan
- 7.4.5.3.1. Market size and forecast, by Type
- 7.4.5.3.2. Market size and forecast, by Technology
- 7.4.5.3.3. Market size and forecast, by End-Use Industry
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Type
- 7.4.5.4.2. Market size and forecast, by Technology
- 7.4.5.4.3. Market size and forecast, by End-Use Industry
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Type
- 7.4.5.5.2. Market size and forecast, by Technology
- 7.4.5.5.3. Market size and forecast, by End-Use Industry
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Type
- 7.4.5.6.2. Market size and forecast, by Technology
- 7.4.5.6.3. Market size and forecast, by End-Use Industry
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by End-Use Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Type
- 7.5.5.1.2. Market size and forecast, by Technology
- 7.5.5.1.3. Market size and forecast, by End-Use Industry
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Market size and forecast, by Type
- 7.5.5.2.2. Market size and forecast, by Technology
- 7.5.5.2.3. Market size and forecast, by End-Use Industry
- 7.5.5.3. South Africa
- 7.5.5.3.1. Market size and forecast, by Type
- 7.5.5.3.2. Market size and forecast, by Technology
- 7.5.5.3.3. Market size and forecast, by End-Use Industry
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Market size and forecast, by Type
- 7.5.5.4.2. Market size and forecast, by Technology
- 7.5.5.4.3. Market size and forecast, by End-Use Industry
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2024
- CHAPTER 9: COMPANY PROFILES
- 9.1. Siemens A.G.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Fluor Corporation
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. ExxonMobil Corporation
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. TotalEnergies
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Chevron Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Air Liquide
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Linde PLC
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Mitsubishi Heavy Industries Ltd.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. China National Petroleum Corporation
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Carbon Engineering Ltd.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
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