Carbon Capture And Storage Market by Technology, Share, Growth, Application & Geography – Analysis & Forecast to 2024
Category: #reports  By Deepak Pardhi  Date: 2019-01-21
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Carbon Capture And Storage Market by Technology, Share, Growth, Application & Geography – Analysis & Forecast to 2024

This Global Carbon Capture And Storage market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

South Korea carbon capture and storage market share will witness significant growth owing to growing concern to reduce greenhouse gas emissions. In 2016, the country set a target to reduce its GHG emission by 37% below business as usual emissions of 850.6 MtCO2e by 2030.

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Carbon Capture and Storage Market size will cross USD 6 billion by 2024, as reported in the latest study report. Growing demand for carbon technologies to meet 20C scenario along with strict government regulations to curb carbon footprint will drive the carbon capture and storage market size. Product ability to reduce carbon emission by 85% to 90% makes its adoption preferable over other available alternates. According to New Source Performance Standards in the U.S., the new coal fired plant can emit 1400 lbs. CO2/MWh.

Favourable government initiatives to encourage adoption of sustainable technology along with measures to reduce the toxic pollutant concentration will stimulate the U.S. carbon capture and storage market share. In 2008, the U.S Energy Improvement and Extension Act introduced section 45Q to provide credit of USD 20 per metric ton for storing CO2 in deep water saline formation and USD 10 per metric ton for storing CO2 through enhanced oil recovery. In 2016, the U.S. president Obama funded USD 90 billion through American Recovery and Reinvestment Act towards strategic clean energy investment and tax credit to promote development of low carbon technologies.

Post Combustion carbon capture and storage market size will reach over 22 MTPA by 2024. The technology ability to retrofit with new and existing power plant will make its adoption preferable over other alternates. Increasing adoption of conventional pulverized coal fired power plants will propel the industry growth.

Iron and steel carbon capture and storage market for 2016 was valued over USD 53 million. Increasing investment towards infrastructure and automobile sector will propel the business growth. In 2016, Abu Dhabi introduced CCS facility with 0.8 MTPA carbon capture capacity for iron and steel industry.

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Emerging demand for gas injection technique for EOR from mature fields will drive the carbon capture and storage market growth. Large volume of non-recovered oil, depleted hydrocarbon reserves and heavy reliance on crude oil imports are some of the key factors which will positively impact the demand for enhanced oil recovery.

Notable players in carbon capture and storage market include Dakota Gasification, Sulzer, Japan CCS Company, Schlumberger, Aker Solution, Haliburton, Linde Engineering, Mitsubishi Heavy Industries, NRG energy, Exxon Mobil, Shell CANSOLV, Siemens and General Electric.

Table of Contents:

Chapter 2.    Executive Summary

2.1.    Carbon capture and storage industry 360 degree synopsis, 2013 - 2024

2.1.1.   Business trends

2.1.2.   Technology trends

2.1.3.   Application trends

2.1.4.   Regional trends

Chapter 3.    Carbon Capture and Storage Industry Insights

3.1.    Industry segmentation

3.2.     Industry landscape, 2013 - 2024

3.3.    Industry ecosystem analysis

3.3.1.   Vendor matrix

3.4.    Innovation & sustainability

3.5.    Regulatory landscape

3.5.1.   U.S.

3.5.2.   Europe

3.5.3.   China

3.5.4.   Australia

3.6.    Comparison of non-weighted average LCOE with tax credits and non-weighted average LACE

3.7.    Carbon Emissions targets by countries

3.8.    List of key CCS project

3.8.1.   UK

3.8.2.   U.S.

3.8.3.   China

3.8.4.   South Korea

3.8.5.   Canada

3.9.    Technology landscape

3.9.1.   Pre Combustion

3.9.2.   Post Combustion

3.9.3.   Oxyfuel Combustion

3.10. Industry impact forces

3.10.1. Growth drivers

3.10.1.1.    Strict government norms towards GHG emissions

3.10.1.2.    Increasing demand for CO2 EOR

3.10.2. Industry pitfalls & challenges

3.10.2.1.    High initial cost of CCS

3.10.2.2.    Lack of policies

For more information on this report at: https://www.marketstudyreport.com/reports/carbon-capture-and-storage-market/?utm_source=marketsizeforecasters.com-SP

Read more at: https://www.marketwatch.com/press-release/cable-modem-equipment-market-size-share-trend-growth-forecast-to-2023-2019-01-19

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About Author

Deepak Pardhi

Email: [email protected]   

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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