New York, July 21, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Carbon Capture & Storage (CCS) Market Report 2023-2033" - https://www.reportlinker.com/p06476823/?utm_source=GNW
The Carbon Capture and Storage (CCS) Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Improvement in the Carbon Capture Technologies
Technological advancements have revolutionized the field of carbon capture and storage (CCS), leading to the development of more efficient and cost-effective CO2 capture techniques. Notably, solvent-based capture technologies, such as amine-based systems, have been widely utilized in CCS applications.
Ongoing research endeavours focus on enhancing the efficiency and reducing the energy requirements of these systems. An example of recent progress in the field is the launch of the XLR8 CCS project by C-Capture in June 2022. This national project aims to capture CO2 emissions from hard-to-decarbonize industries using a low-cost, post-combustion collection approach.
The project leverages a novel class of capture solvents that are devoid of amines and nitrogen, enabling inexpensive large-scale manufacturing. Furthermore, this innovative technology offers the potential for producing biomethane, a renewable fuel, alongside CO2 capture. These technological advancements in CO2 capture techniques hold immense promise for advancing the CCS market, making the process more viable and contributing to the reduction of greenhouse gas emissions.
High Deployment Costs Likely to Hamper Market Growth
The cost of carbon capture and storage (CCS) can vary significantly depending on the source of CO2 and the specific application. Industrial processes with concentrated CO2 streams, such as ethanol production, can have capture costs ranging from USD 15-25 per ton of CO2. However, processes with dilute gas streams like cement production and power generation can have higher capture costs, ranging from USD 40-120 per ton of CO2. The cost of transport and storage also varies depending on factors such as CO2 volumes, distances, and storage conditions.
Onshore pipeline transport costs in the United States range from USD 2-14 per ton of CO2, while storage costs can vary widely. In some cases, storage costs can even be negative if the CO2 is injected into oilfields to enhance production and generate additional revenue. The total cost of CCS can vary depending on the specific project, but it is generally estimated to be between $30 and $200 per tonne of CO2 avoided. This is significantly more expensive than other emissions reduction technologies, such as renewable energy. As a result, CCS is not likely to be widely deployed unless there are significant government incentives or carbon pricing mechanisms in place.
What Questions Should You Ask before Buying a Market Research Report?
• How is the carbon capture and storage (CCS) market evolving?
• What is driving and restraining the carbon capture and storage (CCS) market?
• How will each carbon capture and storage (CCS) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
• How will the market shares for each carbon capture and storage (CCS) submarket develop from 2023 to 2033?
• What will be the main driver for the overall market from 2023 to 2033?
• Will leading carbon capture and storage (CCS) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
• Who are the leading players and what are their prospects over the forecast period?
• What is the carbon capture and storage (CCS) projects for these leading companies?
• How will the industry evolve during the period between 2023 and 2033? What are the implications of carbon capture and storage (CCS) projects taking place now and over the next 10 years?
• Is there a greater need for product commercialisation to further scale the carbon capture and storage (CCS) market?
• Where is the carbon capture and storage (CCS) market heading and how can you ensure you are at the forefront of the market?
• What are the best investment options for new product and service lines?
• What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the carbon capture and storage (CCS) market today, and over the next 10 years:
• Our 375-page report provides 100 tables and 175 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them – NOW.
• It contains in-depth analysis of global, regional, and national sales and growth.
• It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the Carbon Capture and Storage (CCS) market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2033 and other analyses reveal commercial prospects
• In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), cost structure, impact of rising carbon capture and storage (CCS) prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.
Segments Covered in the Report
CCS Type Outlook
• CCS Technology
• CCS Services
CCS Technology Outlook
• Industrial Separation Capture Technology
• Inherent Separation Technology
• OXY-Fuel Combustion Capture Technology
• Post-Combustion Capture Technology
• Pre-Combustion Capture Technology
• Other
CCS Services Outlook
• Carbon Capture Services
• Carbon Storage Services
• Carbon Capture Transportation Services
• Others
Application Outlook
• Power Generation
• Industrial Sector
• Transport Sector
• Construction Sector
• Other
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 21 leading national markets:
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
MEA
• GCC
• South Africa
• Rest of MEA
The report also includes profiles and for some of the leading companies in the Carbon Capture and Storage (CCS) Market, 2023 to 2033, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
• Air Liquide
• Aker Solutions
• Baker Hughes Company
• Chevron Corporation
• Exxon Mobil Corporation
• General Electric Corporation
• Halliburton Company
• Linde AG.
• Mitsubishi Heavy Industries, Ltd.
• NRG Energy Inc.
• Occidental Petroleum Corporation
• Schlumberger Limited.
• Shell
• Siemens Energy
• Sulzer Ltd
Overall world revenue for Carbon Capture and Storage (CCS) Market, 2023 to 2033 in terms of value the market will surpass US$11.8 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Carbon Capture and Storage (CCS) Market, 2023 to 2033 report help you?
In summary, our 370+ page report provides you with the following knowledge:
• Revenue forecasts to 2033 for Carbon Capture and Storage (CCS) Market, 2023 to 2033 Market, with forecasts for type, technology, services, and application, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2033 for five regional and 21 key national markets – See forecasts for the Carbon Capture and Storage (CCS) Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Carbon Capture and Storage (CCS) Market, 2023 to 2033.
Read the full report: https://www.reportlinker.com/p06476823/?utm_source=GNW
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