Carbon Capture and Storage Market, By Technology (Pre-combustion, Post-combustion, and Oxy-fuel Combustion), By Application (Oil and Gas, Power Generation, Iron and Steel, Chemical and Petrochemical, Cement, and Others), By Service (Capture, Transportation, Utilization, and Storage), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024

Code : CMI5065

Pages :179

Formats :

Excel and PDF

Industry : Smart Technologies

Market Concentration and Competitive Landscape

Carbon Capture and Storage Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Growing focus on lowering transition risks of decarbonization

More people are focusing on smoothly shifting from using fossil fuels to renewable energy and other clean options. Rapid decarbonization runs the risk of leaving certain assets stranded and impacting energy security if not planned and executed carefully. CCS provides an important bridging technology that can help lower such transition risks by providing a means to decarbonize existing fossil fuel-based infrastructure in a graduated, cost-effective manner. CCS allows the continued utilization of resources invested in coal and gas-fired power plants and refineries by facilitating their operation in a carbon neutral way. This buys valuable time to scale up renewable sources and implement disruptive emission reduction strategies while maintaining grid stability. CCS also provides solutions for industries like aviation, shipping, and heavy manufacturing, which find it tough to reduce emissions. They heavily depend on liquid fuels and encounter difficulties in quickly switching to low-carbon options.

Key Players Insights