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Carbon Capture and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • ID: 5577860
  • Report
  • April 2022
  • Region: Global
  • 143 Pages
  • IMARC Group

FEATURED COMPANIES

  • Air Liquide S.A.
  • Baker Hughes Company
  • Fluor Corporation
  • Halliburton Company
  • NRG Energy Inc.
  • Shell plc
The global carbon capture and storage market reached a value of US$ 2.25 billion in 2021. Looking forward, the market is projected to reach a value of US$ 4.09 billion by 2027, exhibiting a CAGR of 10.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.



Carbon capture and storage (CCS) refer to a technique deployed for capturing, transporting, and storing industry-generated carbon emissions underground in geological formations. They aid in producing geothermal energy, strengthening concrete for promoting infrastructure durability, and transforming carbon dioxide (CO2) into fuel. On account of these properties, carbon capture and storage are extensively utilized in manufacturing operations for producing chemicals and plastics. At present, they are categorized based on varying technologies deployed, such as pre-combustion, oxy-fuel, and post-combustion capture.

Carbon Capture and Storage Market Trends


Rapid industrialization, particularly in emerging economies, along with significant expansion of manufacturing facilities is primarily facilitating the deployment of carbon capture and storage across the globe. This is further supported by favorable initiatives being undertaken by the government bodies of various countries to limit the greenhouse gas (GHG) emissions across key industries, which, in turn, is catalyzing the market growth. In line with this, the rising demand for carbon dioxide enhanced oil recovery (CO2-EOR) in the offshore oil and gas exploration activities for the crude oil extraction purposes is acting as another growth-inducing factor. This technique uses injections of carbon dioxide to raise the pressure of the reservoir and sweep the oil toward the production well, which is usually insoluble in water. Additionally, the increasing energy consumptions, along with significant investments toward upstream and downstream sectors is considerably contributing to the market growth. Other factors, including the extensive research and development (R&D) activities to engineer bioenergy carbon capture and storage (BECCS), along with the strategic collaborations between top players for introducing sustainable CSS technology for enhanced oil recovery, are creating a positive outlook for the market.

Key Market Segmentation


This report provides an analysis of the key trends in each sub-segment of the global carbon capture and storage market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on service, technology and End-use industry.

Breakup by Service:

  • Capture
  • Transportation
  • Storage

Breakup by Technology:

  • Post-combustion Capture
  • Pre-combustion Capture
  • Oxy-fuel Combustion Capture

Breakup by End-use Industry:

  • Oil and Gas
  • Coal and Biomass Power Plant
  • Iron and Steel
  • Chemical
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape


The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Aker Solutions ASA, Baker Hughes Company, Exxon Mobil Corporation, Fluor Corporation, General Electric Company, Halliburton Company, Honeywell International Inc., Linde plc, Mitsubishi Heavy Industries Ltd., NRG Energy Inc., Occidental Petroleum Corporation, Schlumberger Limited, Shell plc and Siemens AG.

Key Questions Answered in This Report

  • How has the global carbon capture and storage market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global carbon capture and storage market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the End-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global carbon capture and storage market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Carbon Capture and Storage Market

What is the estimated value of the Global Carbon Capture and Storage Market?

The Global Carbon Capture and Storage Market was estimated to be valued at $2.3 Billion in 2021.

What is the growth rate of the Global Carbon Capture and Storage Market?

The growth rate of the Global Carbon Capture and Storage Market is 10.4%, with an estimated value of $4.1 Billion by 2027.

What is the forecasted size of the Global Carbon Capture and Storage Market?

The Global Carbon Capture and Storage Market is estimated to be worth $4.1 Billion by 2027.

Who are the key companies in the Global Carbon Capture and Storage Market?

Key companies in the Global Carbon Capture and Storage Market include Air Liquide S.A., Aker Solutions ASA, Baker Hughes Company, Exxon Mobil Corporation, Fluor Corporation, General Electric Company, Halliburton Company, Honeywell International Inc. and Mitsubishi Heavy Industries Ltd..

FEATURED COMPANIES

  • Air Liquide S.A.
  • Baker Hughes Company
  • Fluor Corporation
  • Halliburton Company
  • NRG Energy Inc.
  • Shell plc

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Carbon Capture and Storage Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Capture
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Transportation
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Storage
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Post-combustion Capture
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pre-combustion Capture
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Oxy-fuel Combustion Capture
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Oil and Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Coal and Biomass Power Plant
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Iron and Steel
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Chemical
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Air Liquide S.A.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Aker Solutions ASA
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Baker Hughes Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Exxon Mobil Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Fluor Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 General Electric Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Halliburton Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Honeywell International Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Linde plc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Mitsubishi Heavy Industries Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 NRG Energy Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Occidental Petroleum Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Schlumberger Limited
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 Shell plc
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.15 Siemens AG
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Carbon Capture and Storage Market: Major Drivers and Challenges
Figure 2: Global: Carbon Capture and Storage Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Carbon Capture and Storage Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Carbon Capture and Storage Market: Breakup by Service (in %), 2021
Figure 5: Global: Carbon Capture and Storage Market: Breakup by Technology (in %), 2021
Figure 6: Global: Carbon Capture and Storage Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Carbon Capture and Storage Market: Breakup by Region (in %), 2021
Figure 8: Global: Carbon Capture and Storage (Capture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Carbon Capture and Storage (Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Carbon Capture and Storage (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Carbon Capture and Storage (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Carbon Capture and Storage (Storage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Carbon Capture and Storage (Storage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Carbon Capture and Storage (Post-combustion Capture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Carbon Capture and Storage (Post-combustion Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Carbon Capture and Storage (Pre-combustion Capture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Carbon Capture and Storage (Pre-combustion Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Carbon Capture and Storage (Oxy-fuel Combustion Capture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Carbon Capture and Storage (Oxy-fuel Combustion Capture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Carbon Capture and Storage (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Carbon Capture and Storage (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Carbon Capture and Storage (Coal and Biomass Power Plant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Carbon Capture and Storage (Coal and Biomass Power Plant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Carbon Capture and Storage (Iron and Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Carbon Capture and Storage (Iron and Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Carbon Capture and Storage (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Carbon Capture and Storage (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Carbon Capture and Storage (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Carbon Capture and Storage (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Carbon Capture and Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Carbon Capture and Storage Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Carbon Capture and Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Carbon Capture and Storage Industry: SWOT Analysis
Figure 80: Global: Carbon Capture and Storage Industry: Value Chain Analysis
Figure 81: Global: Carbon Capture and Storage Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Carbon Capture and Storage Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Carbon Capture and Storage Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Carbon Capture and Storage Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Carbon Capture and Storage Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Carbon Capture and Storage Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Carbon Capture and Storage Market: Competitive Structure
Table 7: Global: Carbon Capture and Storage Market: Key Players
  • Air Liquide S.A.
  • Aker Solutions ASA
  • Baker Hughes Company
  • Exxon Mobil Corporation
  • Fluor Corporation
  • General Electric Company
  • Halliburton Company
  • Honeywell International Inc.
  • Linde plc
  • Mitsubishi Heavy Industries Ltd.
  • NRG Energy Inc.
  • Occidental Petroleum Corporation
  • Schlumberger Limited
  • Shell plc
  • Siemens AG

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