Stratview Research has published a new report titled “Carbon Capture and Storage Market” which is segmented by Technology Type (Pre-Combustion, Post Combustion, and Oxy-Fuel Combustion), by Application Type (Oil & Gas, Chemical Processing, Power Generation, and Others), and by Region.
As per the study, the market is likely to witness an impressive CAGR of 6.5% during the forecast period. Rising industrialization along with growing concern about increasing emissions is likely to boost the growth of the carbon capture and storage market.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the technology type, the market is segmented as pre-combustion, post-combustion, and oxy-fuel combustion. The pre-combustion segment is projected to be the largest segment of the market during the forecast period. Growing demand from the industrial sector including food processing and chemical is likely to boost the market for the pre-combustion segment.
Based on the application type, the market is segmented as oil & gas, chemical processing, power generation, and others. The oil & gas segment is projected to remain the largest segment of the market. Increasing investment in the upstream oil & gas industry to cater to energy demand will drive the demand for the carbon capture and storage market.
Which Region is expected to remain the largest market?
In terms of regions, North America is estimated to be the largest market led by the USA. Shale gas exploration, huge energy demand, stringent regulations, and adoption of new technologies in the USA are the major factors behind the dominance of the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Carbon Capture and Storage Market:
• Exxon Mobil
• General Electric
• Aker Solutions
• Schlumberger Limited
• NRG Energy, Inc.
• Fluor Corporation
• Shell Cansolve
Key questions answered by the report
• What is the projected CAGR for revenue from the Carbon Capture and Storage Market during the forecast period?
• What would the market be valued at by 2026?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Carbon Capture and Storage Market?
• Which are the major market players?
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Last updated 7 days ago