Carbon capture and storage market size was valued at $2.8 billion in 2022, and is projected to reach $4.3 billion by 2030, registering a CAGR of 6.5% during the forecast period (2024-2031). Enhanced oil recovery (EOR) is a tertiary oil recovery method deployed to recover over 65% of the total recoverable oil in place not produced through primary and secondary phases. Rising measures to cut the maximum carbon dioxide levels generated from fossil fuel production and utilization boost the carbon capture and storage market. The requirement of significant capital cost to set up large-scale carbon capture and sequestration systems may obstruct the carbon capture and sequestration market growth. The exponentially increasing need for different chemicals to fabricate various raw materials and end-use products for a wide range of industries is likely to augment the chemicals source segment. Furthermore, the fertilizer production segment is also set to grow substantially over the forecast period due to the increasing use of high GHG emitting products such as ammonia & urea, thereby generating the need for handling excessive CO2 content.
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Carbon Capture and Storage Market Segmentation
By Technology
- Pre-Combustion Capture
- Oxy-Fuel Combustion Capture
- Post-Combustion Capture
- Others
By End-Use Industry
- Oil & Gas
- Power Generation
- Iron & Steel
- Chemical & Petrochemical
- Cement
- Others
A full Report of Carbon Capture and Storage (CCS) Market is Available @ https://www.omrglobal.com/industry-reports/carbon-capture-and-storage-ccs-market
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
•Latin America
•Middle East and Africa
Company Profiles
- ADNOC Group
- Aker Solutions ASA
- BP p.l.c.
- Carbon Engineering Ltd.
- Chevron Corp.
- China National Petroleum Corp. (CNPC)
- Dakota Gasification Co.
- Equinor Group
- Exxon Mobil Corp.
- Fluor Corp.
- General Electric
- Linde plc
- Mitsubishi Heavy Industries, Ltd.
- NRG Energy, Inc.
- Shell
- TotalEnergies
Reasons to buy from us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/carbon-capture-and-storage-ccs-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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Article source: https://article-realm.com/article/Business/61544-Carbon-Capture-and-Storage-CCS-Market-to-Signify-Strong-Growth-by-2024-2031.html
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