Carbon Capture and Storage Market Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2022-2031 | Key Players: Aker Solutions, Air Products and Chemicals, Inc., Alstom

Posted on 2022-07-29 by Sandeep in Energy // 0 Comments

New York, 2022-Jul-29 — /EPR Network/ — According to a new market research report published by Global Insight Services “Carbon Capture and Storage Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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.

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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

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.

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Market Segments

By Technology

Pre-Combustion
Post Combustion
Oxy-Fuel Combustion
Others

By Application

Oil and Gas
Chemical Processing
Power Generation
Cement
Others

Reasons to buy Carbon Capture and Storage Market Report:

Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

Buy your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS10067/

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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