Global Carbon Capture And Storage (CCS) Market Overview:
Carbon Capture and Storage (CCS) is a release reduction process, which is intended to avoid large quantities of carbon dioxide being released into the environment. The CCS technology includes collection, transportation, and injection of the carbon dioxide so that it would not escape in the atmosphere. The procedure includes three steps, the first step includes capturing the carbon dioxide which is emitted, the second step contains transport of the captured carbon dioxide and the third step includes its secure storage.
- Growing Demand to Reuse CO2
- Rise in the Number of Industrial Projects and Oil Field Recovery Projects
- Growing Popularity of CCS Projects in Developing Nations
- Rising Energy Demand
- High Initial Cost of Carbon Capture and Storage Market
- Emerging Demand for Carbon Dioxide Injection in EOR
- Huge Demand for Various Sectors
- Risks Associated With CCS
Some of the key players profiled in the report are Fluor Corporation (United States), Siemens AG (Germany), Mitsubishi Heavy Industries Ltd (Japan), Hitachi Ltd (Japan), Cansolv Technologies Inc. (Canada), Dakota Gasification Company (United States), Aker Solutions (United States), Japan CCS (Japan), NRG Energy (United States) and The Linde Group (Germany). Additionally, following companies can also be profiled that are part of our coverage like Chevron Corporation (United States), Climeworks AG (Switzerland) and Shell (United States). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Carbon Capture And Storage (CCS) market by 2024. Considering Market by , the sub-segment i.e. will boost the Carbon Capture And Storage (CCS) market.
On 25th January 2018, Germany-headed global specialty chemicals major Evonik Industries AG and global technology "powerhouse" compatriot Siemens AG have recently announced a joint project that seeks to produce high-value specialty chemicals from carbon dioxide (CO2) and renewable electricity using bacteria. The two years "Rheticus" research project entails an electrolysis and fermentation pilot plant at the Evonik facility in Marl, Germany which produces chemicals such as butanol and hexanol.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Carbon Capture And Storage (CCS) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Carbon Capture And Storage (CCS) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Carbon Capture and Storage Providers, Industry Association Associated with Carbon Capture and Storage, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.