Hyderabad, India, March 10, 2017 (GLOBE NEWSWIRE) -- The report “Carbon Capture and Storage (CCS) Market: By Technology (Post combustion, Pre Combustion, Oxy Fuel Technology); By Storage (Geological, Ocean and Mineral); By End User (Chemical, Fertilizer, Iron and Steel, Oil & Gas) -Forecast (2017 - 2022)”, published by IndustryARC, estimates that the largest market share will be held by North America till 2022.

Browse 10 Market Tables, 96 Figures spread through 187 Pages and an in-depth TOC on “Carbon Capture and Storage (CCS) Market

The CO2 capture and storage (CCS) market has gained much prominence in the recent years due to increased concerns on environment and energy conservation. The CO2 capture and storage market basically involves the capture of carbon dioxide from the sources of emission, separation from other gases, its transportation to a suitable location and storage. The main purpose of CCS is to reduce these emissions in the environment that contributes to the global warming of Earth.

Carbon capture and storage can be described as the process of capturing carbon out of industrial processes and storing in a site, preferably underground, where it cannot make its way back into atmosphere and quicken the pace of global warming. Carbon capture popularly takes place by passing the waste material through amines to form a solution for conveniently transporting carbon to a place where it is again converted back into its gaseous state. While the current carbon capture methods are very expensive, the growing determination to tackle climate change is expected to make carbon capture technology through improvements in second and third generation systems. Thus, the Carbon Capture and Storage Market is very well placed to register a strong amount of growth during the forecast period of 2017-2022.

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Scope & Regional Forecast of the Carbon Capture and Storage Market:

The Carbon Capture and Storage Market expects the prime growth drivers to be a few factors like: growing demand for technologies that run solely on clean energy; tightening emission standards being put in place by various international governments; growing R&D investment on carbon capture and storage technology; and industries planning their future growth and expansion by taking into account the threat of carbon credits as well as carbon dioxide storage.

During the forecast period, the Carbon Capture and Storage Market expects North America to grab the highest share as carbon capture and storage allows oilfields and coal production to continue without carbon dioxide being released into the atmosphere. The powerful conventional energy lobbies in U.S. are focused are promoting “clean coal” now that President Trump is in charge of policy. The new President is famous for terming climate change as a hoax and is expected to support conventional production of power by using more efficient methods.

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Segmentations Involved in the Carbon Capture and Storage Market:
The Carbon Capture and Storage Market can be broken down into various segmentations on the basis of -

  • Capture Technology: Post Combustion Capture, Pre-Combustion Capture, Oxyfuel technology and Others.
  • Storage Technology: Geological Storage, Ocean Storage and Enhanced Oil Recovery (EOR).
  • End User Industry: Biofuels, Cement and Concrete, Iron and Steel, Oil and Gas and Others.
  • Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the sample companies profiled in the Carbon Capture and Storage Market are as follows:

  • Advanced Emissions Solutions, Inc.
  • Aker Clean Carbon AS
  • Alstom Group
  • Archer Daniels Midland Company
  • Chevron Corporation
  • China HuaNeng Group
  • CO2CRC Limited
  • ConocoPhillips Company
  • Dakota Gasification Company
  • Eni S.p.A.
  • Fluor Corporation
  • Halliburton Company
  • ThyssenKrupps AG
  • Linde Engineering Dresden GmbH
  • Royal Dutch Shell plc
  • RWE AG
  • Sasol Limited
  • Schlumberger Limited

Why buy this Report?

  • The overall market has been consolidated from the perspective of different geographic locations and key economies for carbon capture and storage market.
  • Identifies growth sectors and factors driving or constraining the market.
  • The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
  • The study includes the demand of this particular market on a global and regional scale for a six year period of 2017 - 2022, to assess how the market will develop.

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