碳捕获和储存rket Share, Size, Trends, Industry Analysis Report, By Capture Type (Pre-Combustion, Industrial Separation, Oxy-Fuel Combustion, Post-Combustion); Application (Enhanced Hydrocarbon Recovery Process (EOR), Industrial, Agriculture, Others); By Regions, Segments & Forecast, 2020- 2026

Report Summary

The global carbon capture and storage market size was valued at USD 4.96 billion in 2019 and is anticipated to grow at a CAGR of 11.5% during the forecast period. Carbon capture and storage can be defined as the process that traps the carbon dioxide gas at the emission source, and then transporting it to a storage location in turn isolating it. The storage location in most of the cases is underground. The process guarantees greener energy by capturing the excess carbon dioxide (CO2). They can be employed not only on coal-based sources but also on natural gas and other industrial sources. CCS is an integrated technology with each process complementing the other one. It is a well proven and established technology and can achieve an efficiency of as high as 90% when deployed. It can capture CO2 fossil fuel emissions thus preventing the harmful gas from escaping to the atmosphere.

增加了对化石燃料使用的主要原因的能源需求被认为是主要的碳排放来源之一。但是，CCS是目前可用于减轻大型化石燃料使用的温室气体排放最实用的技术。这项技术有可能弥合未来几十年的差距，减少排放，直到我们全球转向低碳经济。CCS是减少大型能源密集型产业中二氧化碳排放的关键成本效益。乐动体育网址多少事实上，全球CC的许多有前途的短期潜力不在电力领域，而是在目前发泄高度纯粹的二氧化碳流的工业活动中。由于这些因素，CCS市场估计在预测期间会显着增长。但是，由于各种监管问题，仍未在许多国家仍未采用这项技术，并且其高初始和运营成本。不同的国家已经诬陷了自己的规定，目前仍然没有单身和相互框架的全球监管框架。例如，在澳大利亚，加拿大和美国，国家实体和州或省级或省级之间共享监管能力，与政府结构一致。预计全球严格监管政策，预计将限制在预测期内的行业增长。

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商业球员一直专注于日益增长的新且越来越有效的CCS创新和程序。例如，基于氨基酸盐作为溶剂的后碳捕获技术（Postcap）适用于煤和天然气燃烧发电厂。该技术还可用于较小，中等或大规模的现有发电厂。此外，随着全球发展的工业化，材料的生产也在增加。因此，为了控制来自这些行业的增加的碳排放量，需要建立大量的CCS工厂。乐动体育网址多少预计这些因素将在预测期间推动CCS市场。

With the technological advancements, offshore E&P activities are increasing which in turn is widening the scope for EOR techniques in this segment. Maturing and depleting oil reserves is estimated to fuel EOR market for both onshore and offshore wells. Gas injection EOR techniques are also gaining market share globally owing to technology innovations and high recovery rates of these technologies. It is expected to project highest growth rates over the forecast period compared to the other EOR techniques, on account of its eco-friendly nature of reducing carbon emissions by utilizing it for crude oil extraction. The rising application of EOR activities on account of increasing number of matured oil and gas fields, the demand of carbon dioxide for utilization in these activities is also increasing. Hence, this growing CO2 demand for EOR activities is expected to drive the CCS industry over the forecast period.

Carbon capture and storage Market Report Scope

The market is primarily segmented on the basis of capture type, application, and geographic region.

通过捕捉类型	By Application	By Region
Pre-combustion Industrial separation Oxyfuel-combustion Post-combustion	Enhanced Oil Recovery Industrial Agriculture 其他	北美（美国，加拿大，墨西哥） Europe (France, Germany, UK, Spain, Poland, Italy, Belgium, RoE) 亚太地区（印度，日本，中国，澳大利亚，马来西亚，印度尼西亚，罗阿普克） Latin America (Brazil, Argentina, RoLATAM) MEA (Saudi Arabia, UAE, Nigeria, Rest of MEA)

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Capture Type Outlook

Based on capture type, the global carbon capture and storage market is segmented into pre-combustion, industrial separation, oxyfuel-combustion, and post-combustion. In 2019, pre-combustion segment accounted for the largest market share. The segment is predicted to witness decline in demand based on increasing exploration and production of oil and gas from offshore reservoirs over the forecast period. However, post combustion segment is projected to witness a significant growth during the forecast period. Increased energy generation, newly developed advanced amine systems and heat integration systems are expected to be the main factors driving its demand over the forecast period.

• In 2017, NRG Energy Inc., JX Nippon Oil & Gas Exploration Corporation and Mitsubishi Heavy Industries announced the completion of the world’s largest post-combustion CO2 capture and compression system.

Application Model Outlook

On the basis of application, the global carbon capture and storage market is segmented into enhanced oil recovery, industrial, agriculture, and others. In 2019, EOR segment accounted for the highest share of the market. Fluctuating crude oil prices are also expected to drive EOR market over the next foreseeable future. Increasing need to extract hydrocarbons from unconventional and low permeability reserves such as tight sands and carbonate traps is expected to have a positive influence on the global EOR market growth. The industrial segment in the second highest in the application sector.

Regional Outlook

North America dominated the market mainly due to the presence of major market players. North America and the European region are accelerating their drive to combat climate change with a sharp focus on the power sector, the main source of around 40% of carbon dioxide emissions. Stringent regulatory framework for cleaner environment coupled with increasing need of carbon dioxide in enhanced oil recovery processes owing to increasing number of matured oilfields are expected to be the major factors driving the industry penetration in North American region. Ongoing investments toward research and development coupled with need to introduce economical carbon capture technologies will stimulate the U.S CCS industry. Furthermore, European companies are majorly focusing towards R&D and improvising EOR techniques. Technological advancements coupled with the introduction of several modern techniques, which utilize CO2 released in the production stage, are estimated to have immense growth prospects in near future.

However, Asia Pacific is expected to observe the fastest growth during the forecast period. Rapid industrialization coupled with expanding oil & gas industry in Asia Pacific countries is expected to drive regional EOR market. This is further supported by favorable initiatives by governments of China and India to facilitate FDI and infrastructural development in oil & gas industry in the respective nations. Rapid deployment of gas and coal fired power plants in order to suffice the increasing demand for energy will propel the Asia Pacific market growth. Rising awareness regarding emission control coupled with ongoing industrial and commercial expansion will augment the business landscape.

• In 2017, China launched the integrated carbon capture and storage project Yanchang, a coal to gas plant for capturing 410,000 tons of carbon annually.

Competitive Landscape

Companies are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands. The key leading players in the market include Shell CANSOLV, AkerSolutions, Statoil, Dakota Gasification Company, Linde, Siemens AG, Fluor, Sulzer, Mitsubishi Heavy Industries, Maersk Oil, Japan CCS Co., Ltd., and HTC CO2 Systems Corp. among others.