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Global Carbon Capture and Storage Market 2017-2021

Global Carbon Capture and Storage Market 2017-2021

About carbon capture and storage

The use of CCS technology is one of the novel ideas that help reduce the amount of CO₂ released into the atmosphere by fossil fuel-dependent industries such as power generation and oil and gas processing. The basic functioning of the CCS technology includes capturing the CO₂ before its release into the atmosphere and then transporting and storing it in an environmentally safe location.

Technavio’s analysts forecast the global carbon capture and storage market to grow at a CAGR of 9.18% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global carbon capture and storage market for 2017-2021. To calculate the market size, the report analyzes business dimensions with an eye on individual growth trends and contribution of upcoming market segments.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Carbon Capture and Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Babcock & Wilcox
  • ENGIE
  • GE Power
  • The Linde Group
  • Mitsubishi Heavy Industries
Other prominent vendors
  • Air Products and Chemicals
  • Aker Solutions
  • Amec Foster Wheeler
  • Chevron
  • Fluor
  • Hitachi
  • Net Power
  • Schlumberger
  • Shell
  • Siemens
  • Statoil
  • Sulzer
Market driver
  • Growing demand to reuse CO₂
  • For a full, detailed list, view our report
Market challenge
  • Risks associated with CCS
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of CCS projects in developing nations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Carbon Capture and Storage Market 2017-2021

Technavio recognizes the following companies as the key players in the global carbon capture and storage market: Babcock & Wilcox, ENGIE, GE Power, The Linde Group, and Mitsubishi Heavy Industries.

Other Prominent Vendors in the market are: Air Products and Chemicals, Aker Solutions, Amec Foster Wheeler, Chevron, Fluor, Hitachi, Net Power, Schlumberger, Shell, Siemens, Statoil, and Sulzer.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing popularity of ccs projects in developing nations. The CCS projects have created a significant buzz in the developed countries, where the power generation sector has reached its maturity and the reduction of the carbon emissions is at the center of all attention. These economies have mature technologies and sorted the demands from the energy sector, which coupled with significant investments, have made it possible for them to shift to the low carbon technologies.”

According to the report, one of the major drivers for this market is growing demand to reuse CO₂. The growing demand for the reuse of CO₂ will drive the growth of the global CCS market in the future. The below-mentioned projects will enhance the use of CO₂. In addition, the diversification of CO₂generation sources for CCS is essential in encouraging power utility companies to integrate CCS technologies into their projects.

Further, the report states that one of the major factors hindering the growth of this market is risks associated with CCS. CCS has its own share of public apprehensions associated with it, as is the case with any emerging technology. The most significant of these apprehensions is related to the potential leakage hazards associated with the dedicated storage facilities. Although not established till now, many questions are being raised regarding the impact of leakage of stored CO₂. This doubt if proven true will counter the whole purpose of implementing the CCS project, which is reducing the effectiveness of CCS as an option for climate change mitigation.

Companies Mentioned

Babcock & Wilcox, ENGIE, GE Power, The Linde Group, Mitsubishi Heavy Industries, Air Products and Chemicals, Aker Solutions, Amec Foster Wheeler, Chevron, Fluor, Hitachi, Net Power, Schlumberger, Shell, Siemens, Statoil, Sulzer.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global CCS market overview
    • Technological overview
      • Table Pre-combustion carbon capture schematic
      • Table Post-combustion carbon capture
      • Table Oxy-fuel combustion technology
    • Market size and forecast
      • Table Global CCS market 2016-2021 (Mtpa)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global CCS market by end-user
      • Table Global CCS market by end-user 2016 and 2021 (%)
      • Table Global CCS market by end-user 2016-2021 (Mtpa)
    • Power and oil and gas sector
      • Table Global CCS market by the power and oil and gas sector 2016-2021 (Mtpa)
      • Table CCS working description
    • Manufacturing sector
      • Table Global CCS market by the manufacturing sector 2016-2021 (Mtpa)
  • Market segmentation by technology
    • Global CCS market by technology
      • Table Global CCS market by technology 2016 and 2021 (%)
      • Table Global CCS market by technology 2016-2021 (Mtpa)
    • Global CCS market by pre-combustion capture technology
      • Table Global CCS market by pre-combustion capture technology 2016-2021 (Mtpa)
    • Global CCS market by post-combustion capture technology
      • Table Global CCS market by post-combustion capture technology 2016-2021 (Mtpa)
    • Global CCS market by oxy-fuel combustion capture technology
  • Market segmentation by application
    • Global CCS market by application
      • Table Global CCS market by application 2016-2021 (%)
      • Table Global CCS market by application 2016-2021 (Mtpa)
    • Global CCS market by EOR application
      • Table Global CCS market by EOR application 2016-2021 (Mtpa)
    • Global CCS market by geological storage application
      • Table Global CCS market by geological storage application 2016-2021 (Mtpa)
  • Market segmentation by transportation
    • Global CCS market by transportation
      • Table Global CCS market by transportation 2016-2021 (%)
      • Table Global CCS market by transportation 2016-2021 (Mtpa)
    • Global CCS market by pipelines
      • Table Global CCS market by pipeline 2016-2021 (Mtpa)
    • Global CCS market by shipping
  • Geographical segmentation
    • Global CCS market by geography
      • Table Global CCS market by geography 2016 and 2021 (%)
      • Table Global CCS market by geography 2016-2021 (Mtpa)
    • CCS market in the Americas
      • Table CCS market in the Americas 2016-2021 (Mtpa)
    • CCS market in EMEA
      • Table CCS market in EMEA 2016-2021 (Mtpa)
    • CCS market in APAC
      • Table CCS market in APAC 2016-2021 (Mtpa)
  • Key leading countries
    • Table Key leading countries
    • Table CCS projects in the US
  • Market drivers
    • Over-dependence on fossil fuels
      • Table Fossil fuel reserves 2013
      • Table World net electricity generation by fuel 2012, 2020, and 2025 (trillion kilowatt hours)
      • Table Global CO emissions from fuel combustion by sectors 2014 (%)
    • Growing demand to reuse CO
      • Table Commercial applications of CO2
      • Table Emerging applications of CO2
    • Hike in investments and advances in technology
    • Need to adhere to stringent environmental regulations
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Risks associated with CCS
    • High implementation cost of CCS technology
    • Scalability issue in CCS transportation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of CCS projects in developing nations
    • Apprehensions related to the application of EOR
    • Need regulatory support from governments
    • Significant increase in demand for EOR techniques
  • Vendor landscape
    • Competitive Scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Babcock & Wilcox
    • ENGIE
    • GE Power
    • The Linde Group
    • Mitsubishi Heavy Industries
  • Appendix
    • List of abbreviations
  • Explore Technavio

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