Global carbon capture and sequestration industry (2020 to 2027)

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DUBLIN, August 13, 2021 / PRNewswire / – The “Carbon capture and sequestration – Trajectory and analysis of the global market” report was added to ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global carbon capture and sequestration market is estimated to be US $ 6.9 billion in 2020, is expected to reach a revised size of US $ 15.5 billion by 2027, with a CAGR of 12.3% over the analysis period 2020-2027.

Capture, one of the segments analyzed in the report, is expected to register a CAGR of 13.4% and reach 7.1 billion US dollars at the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Transportation segment is readjusted to a revised CAGR of 11.9% for the next 7-year period.

The US market is estimated at $ 1.9 billion, while China is expected to grow at 16.1% CAGR

The market for carbon capture and sequestration in the United States is estimated at US $ 1.9 billion in the year 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 3.5 billion by 2027, with a CAGR of 16.3% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasts growth of 8.6% and 10.7% respectively over the period 2020-2027. In Europe, Germany is expected to grow at around 9.7% CAGR.

Sequestration segment to register 10.7% CAGR

In the worldwide Segment of Foreclosure, United States, Canada, Japan, China and Europe will result in the estimated 10% CAGR for this segment. These regional markets representing a combined market size of US $ 1.2 billion in 2020 will reach a projected size of 2.4 billion US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 2.3 billion by 2027, while Latin America will increase at a CAGR of 12.2% throughout the analysis period.

Selected Competitors (Total 34 featured):

  • ADNOC Group
  • Aker Solutions
  • PA
  • Carbon Engineering Ltd
  • Chevron
  • Chinese National Petroleum Company
  • Dakota Gasification Company
  • Equinor
  • Exxonmobil Company
  • Fluor Corporation
  • General Electric
  • Halliburton
  • Hitachi, Ltd.
  • Honeywell International Inc.
  • Linde AG
  • Mitsubishi Heavy Industries, Ltd.
  • NRG Energy
  • Schlumberger Limited
  • Global Shell
  • Siemens AG
  • Total

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market
  • Global market trajectories
  • Impact of Covid-19 and an impending global recession

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UK
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/hdq1ml

Media contact:
Research and markets
Laura Wood, senior
[email protected]

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SOURCE Research and Markets

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