Global Carbon Capture and Storage Market Report, History and Forecast 2016-2027, Breakdown Data by Companies, Key Regions, Types and Application

Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation. The aim is to prevent the release of large quantities of CO2 into the atmosphere (from fossil fuel use in power generation and other industries). It is a potential means of mitigating the contribution of fossil fuel emissions to global warming and ocean acidification. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept.
The main Carbon Capture and Storage players include Exxonmobil Corporation, Schlumberger, Linde AG, Halliburton, etc. The top four Carbon Capture and Storage players account for approximately 35% of the total global market. America is the largest consumer market for Carbon Capture and Storage accounting for about 49%, followed by Asia Pacific and Europe. In terms of Type, S Post-Combustion Carbon Capture is the largest segment with a share of 83%. And in terms of Applications, the largest segment is Oil & Gas, followed by Power Generation.

Market Analysis and Insights: Global Carbon Capture and Storage Market
The research report studies the Carbon Capture and Storage market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Carbon Capture and Storage market size is projected to reach US$ 5597 million by 2027, from US$ 3726 million in 2020, at a CAGR of 6.0% during 2021-2027.

Global Carbon Capture and Storage Scope and Segment
The global Carbon Capture and Storage market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Carbon Capture and Storage market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Pre-Combustion Carbon Capture
Oxy-Combustion Carbon Capture
Post-Combustion Carbon Capture

Segment by Application
Oil & Gas
Power Generation
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Exxonmobil Corporation
Schlumberger
Huaneng
Linde AG
Halliburton
BASF
General Electric
Siemens
Honeywell UOP
Sulzer
Equinor
NRG
AkerSolutions
Shell
Skyonic Corp.
Mitsubishi Hitachi
Fluor
Sinopec