Authored By: Sarah
02 Jul 2021

Carbon Capture And Storage Market Size to Grow by 64.05 mn tons through 2021-2025  

Technavio research projects the carbon capture and storage market to grow by 64.05 mn tons, accelerating at a CAGR of over 20.83% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Carbon Capture And Storage Market: Key Market Driver

One of the primary factors that will trigger the growth of the carbon capture and storage market size is Dependence on fossil fuels for generation of electricity. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Carbon Capture And Storage Market Size to Grow by 64.05 mn tons During 2021-2025

Carbon Capture And Storage Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Air Products and Chemicals Inc., Babcock and Wilcox Enterprises Inc., Chevron Corp., ENGIE SA, Exxon Mobil Corp., Fluor Corp., General Electric Co., Hitachi Ltd., Praxair Inc., and Royal Dutch Shell Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 20.83%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by 64.05 mn tons through 2021-2025.

     
  3. What is a key factor driving this market?
    Dependence on fossil fuels for generation of electricity will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    Americas, APAC, MEA, and Europe are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    61% growth will originate from Americas

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Air Products and Chemicals Inc., Babcock and Wilcox Enterprises Inc., Chevron Corp., ENGIE SA, Exxon Mobil Corp., Fluor Corp., General Electric Co., Hitachi Ltd., Praxair Inc., and Royal Dutch Shell Plc

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Enhanced oil recovery and Geological storage), Technology (Pre-combustion, Post-combustion, and Oxy-fuel combustion), End-user (Power and oil and gas and Manufacturing), and Geography (Americas, APAC, MEA, and Europe)
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