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1 INTRODUCTION 18
1.1 OBJECTIVES OF STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 INCLUSIONS AND EXCLUSIONS 18
1.3 MARKET SCOPE 19
1.3.1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SEGMENTATION 19
1.3.2 REGIONS COVERED 19
1.3.3 YEARS CONSIDERED FOR STUDY 20
1.4 CURRENCY 20
1.5 UNIT CONSIDERED 20
1.6 LIMITATIONS 20
1.7 STAKEHOLDERS 21
1.8 SUMMARY OF CHANGES 21
2 RESEARCH METHODOLOGY 22
FIGURE 1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: RESEARCH DESIGN 22
2.1 BASE NUMBER CALCULATION 23
2.1.1 SUPPLY-SIDE APPROACH 23
2.1.2 DEMAND-SIDE APPROACH 23
2.2 FORECAST NUMBER CALCULATION 23
2.2.1 SECONDARY DATA 23
2.2.2 PRIMARY DATA 24
2.2.2.1 Primary interviews – Top carbon capture, utilization, and storage manufacturers 24
2.2.2.2 Breakdown of primary interviews 24
2.2.2.3 Key industry insights 25
2.3 MARKET SIZE ESTIMATION 25
2.3.1 BOTTOM-UP APPROACH 25
FIGURE 2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: BOTTOM-UP APPROACH 26
2.3.2 TOP-DOWN APPROACH 26
FIGURE 3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: TOP-DOWN APPROACH 26
2.4 DATA TRIANGULATION 26
FIGURE 4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: DATA TRIANGULATION 27
2.5 FACTOR ANALYSIS 27
2.6 ASSUMPTIONS 28
2.7 LIMITATIONS & RISKS 28
3 EXECUTIVE SUMMARY 29
FIGURE 5 CAPTURE SERVICE DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020 30
FIGURE 6 NATURAL GAS END-USE INDUSTRY WAS LARGEST IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020 30
FIGURE 7 NORWAY TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 31
FIGURE 8 NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020 32
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 33
FIGURE 9 HIGH DEMAND FROM END-USE INDUSTRIES TO DRIVE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 33
4.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 33
FIGURE 10 CAPTURE SERVICE DOMINATED OVERALL MARKET IN 2020 33
4.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 34
FIGURE 11 NATURAL GAS END-USE INDUSTRY SEGMENT DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 34
4.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY KEY COUNTRY 34
FIGURE 12 MARKET IN UK TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 35
5.2.1 DRIVERS 36
5.2.1.1 Growing focus on reducing CO2 emissions 36
5.2.1.2 Increasing demand for C02-EOR techniques 37
5.2.1.3 Rising environmental awareness to increase natural gas demand 37
5.2.2 RESTRAINTS 37
5.2.2.1 High cost of carbon capture and storage 37
5.2.2.2 Safety concerns at storage sites 37
5.2.3 OPPORTUNITIES 38
5.2.3.1 Continuous investments in developing innovative capturing technologies enable economic operations 38
5.2.3.2 Large number of upcoming projects in Asia Pacific 38
5.2.3.3 Announcement of large capacity hydrogen projects 38
5.2.4 CHALLENGES 39
5.2.4.1 Reducing CO2 capturing costs 39
5.2.4.2 High initial investments 40
5.3 PORTER'S FIVE FORCES ANALYSIS 40
FIGURE 14 PORTER'S FIVE FORCES ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 40
5.3.1 BARGAINING POWER OF SUPPLIERS 41
5.3.2 BARGAINING POWER OF BUYERS 41
5.3.3 THREAT OF SUBSTITUTES 41
5.3.4 THREAT OF NEW ENTRANTS 41
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 42
TABLE 1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: PORTER'S FIVE FORCES ANALYSIS 42
5.4 TECHNOLOGY ANALYSIS 42
5.5 ECOSYSTEM: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 43
FIGURE 15 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: ECOSYSTEM 43
5.6 VALUE CHAIN ANALYSIS 43
FIGURE 16 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: VALUE CHAIN ANALYSIS 43
5.6.1 SOURCE CHARACTERIZATION 44
5.6.2 CAPTURE/SEPARATION 44
5.6.3 PURIFICATION, COMPRESSION, & TRANSPORTATION 44
5.6.4 UTILIZATION/STORAGE 44
5.7 SUPPLY CHAIN ANALYSIS 44
TABLE 2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SUPPLY CHAIN 44
5.8 IMPACT OF COVID-19 45
5.8.1 SHORTAGE OF LIQUIDITY 45
5.8.2 DELAY IN PROJECTS 45
5.8.3 INCREASING ROLE OF GOVERNMENT TO DRIVE MARKET 45
5.9 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 46
TABLE 3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS 46
5.9.1 OPTIMISTIC SCENARIO 46
5.9.2 PESSIMISTIC SCENARIO 46
5.9.3 REALISTIC SCENARIO 46
5.10 PRICING ANALYSIS 46
5.11 KEY MARKETS FOR IMPORTS/EXPORTS 46
5.11.1 US 47
5.11.2 CHINA 47
5.11.3 SAUDI ARABIA 47
5.11.4 NORWAY 47
5.11.5 AUSTRALIA 47
5.12 PATENT ANALYSIS 48
5.12.1 INTRODUCTION 48
5.12.2 METHODOLOGY 48
5.12.3 DOCUMENT TYPE 48
FIGURE 17 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE, 2010–2020 49
FIGURE 18 PUBLICATION TRENDS, 2010–2020 49
5.12.4 INSIGHTS 49
5.12.5 LEGAL STATUS OF PATENTS 49
FIGURE 19 LEGAL STATUS 50
FIGURE 20 PATENT JURISDICTION ANALYSIS, 2020 50
5.12.6 TOP APPLICANTS OF PATENTS 50
FIGURE 21 TOP APPLICANTS OF PATENTS 51
5.12.7 LIST OF PATENTS BY LANZATECH NEW ZEALAND LIMITED 51
5.12.8 LIST OF PATENTS BY ALSTOM TECHNOLOGY LTD 51
5.12.9 LIST OF PATENTS BY EXXONMOBIL RESEARCH & ENGINEERING COMPANY 52
5.12.10 TOP TEN PATENT OWNERS (US) DURING LAST 10 YEARS 52
5.13 TARIFFS AND REGULATIONS 53
TABLE 4 CURRENT STANDARD CODES FOR CARBON CAPTURE, UTILIZATION, AND STORAGE 53
5.14 CASE STUDY: CARBON CAPTURE, UTILIZATION, AND STORAGE 54
FIGURE 22 CASE STUDY 54
5.15 TRENDS AND DISRUPTIONS AFFECTING CUSTOMER'S BUSINESS 55
FIGURE 23 YC AND YCC SHIFT 55
6 CARBON CAPTURE, UTILIZATION AND STORAGE MARKET, BY SERVICE 56
6.1 INTRODUCTION 57
FIGURE 24 CAPTURE SERVICE TO DOMINATE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 57
TABLE 5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 57
TABLE 6 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 58
6.2 CAPTURE 58
FIGURE 25 NORTH AMERICA TO BE BIGGEST MARKET FOR CARBON CAPTURE SERVICE 59
TABLE 7 CARBON CAPTURE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 59
TABLE 8 CARBON CAPTURE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 59
6.2.1 POST-COMBUSTION 60
6.2.1.1 Offers high CO2 capture efficiency of 99% 60
6.2.2 OXY-FUEL 60
6.2.2.1 Simplified CO2 capture in comparison to conventional processes 60
6.2.3 PRE-COMBUSTION 61
6.2.3.1 Eliminates CO2 from gas stream prior to its dilution with air or oxygen 61
6.3 TRANSPORTATION 61
FIGURE 26 EUROPE TO BE FASTEST-GROWING MARKET FOR TRANSPORTATION SERVICE 62
TABLE 9 TRANSPORTATION SERVICE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 62
TABLE 10 TRANSPORTATION SERVICE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 62
6.4 UTILIZATION 63
FIGURE 27 EUROPE TO BE LARGEST MARKET FOR UTILIZATION SERVICES DURING FORECAST PERIOD 63
TABLE 11 UTILIZATION SERVICE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 64
TABLE 12 UTILIZTION SERVICE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 64
6.5 STORAGE 64
FIGURE 28 EUROPE TO BE FASTEST-GROWING MARKET FOR STORAGE SERVICE 65
TABLE 13 STORAGE SERVICE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 65
TABLE 14 STORAGE SERVICE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 65
6.5.1 GEOLOGICAL STORAGE 66
6.5.1.1 Oil & Gas Reservoirs 66
6.5.1.1.1 Most efficient storage type 66
6.5.1.2 Unmineable Coal Beds 66
6.5.1.2.1 Further research required to optimize the process 66
6.5.1.3 Saline Aquifers 66
6.5.1.3.1 Less knowledge about saline aquifers' features compared to other storage types 66
6.5.2 DEEP OCEAN STORAGE 67
6.5.2.1 Unpreferred over geological storage due to associated environmental risks 67
7 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY END-USE INDUSTRY 68
7.1 INTRODUCTION 69
FIGURE 29 POWER GENERATION INDUSTRY TO BE FASTEST-GROWING INDUSTRY IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 69
TABLE 15 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 70
TABLE 16 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 70
7.2 NATURAL GAS 71
FIGURE 30 MIDDLE EAST & AFRICA TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN NATURAL GAS INDUSTRY 71
TABLE 17 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN NATURAL GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 71
TABLE 18 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN NATURAL GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 72
7.3 POWER GENERATION 72
FIGURE 31 NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION INDUSTRY 73
TABLE 19 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 73
TABLE 20 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 73
7.4 HYDROGEN 74
FIGURE 32 EUROPE TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR HYDROGEN INDUSTRY 74
TABLE 21 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN HYDROGEN INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 74
TABLE 22 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN HYDROGEN INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 75
7.5 FERTILIZERS 75
FIGURE 33 NORTH AMERICA TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN FERTILIZERS INDUSTRY 75
TABLE 23 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN FERTILIZERS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 76
TABLE 24 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN FERTILIZERS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 76
7.6 OIL REFINING 77
FIGURE 34 EUROPE TO BE LARGEST REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR OIL REFINING INDUSTRY 77
TABLE 25 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL REFINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 77
TABLE 26 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL REFINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 78
7.7 OTHERS 78
FIGURE 35 NORTH AMERICA TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR OTHER INDUSTRIES 79
TABLE 27 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 79
TABLE 28 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 79
8 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION 80
8.1 INTRODUCTION 81
FIGURE 36 UK TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 81
TABLE 29 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 81
TABLE 30 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 82
8.2 NORTH AMERICA 82
TABLE 31 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN NORTH AMERICA 82
FIGURE 37 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT 83
8.2.1 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 84
TABLE 32 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 84
TABLE 33 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 84
8.2.2 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 85
TABLE 34 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 85
TABLE 35 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 85
8.2.3 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY 86
TABLE 36 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 86
TABLE 37 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 86
8.2.3.1 US 86
TABLE 38 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 87
TABLE 39 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 87
8.2.3.2 Canada 88
TABLE 40 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 88
TABLE 41 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 88
8.3 EUROPE 89
TABLE 42 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN EUROPE 89
FIGURE 38 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT 90
8.3.1 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY SERVICE 90
TABLE 43 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 90
TABLE 44 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 91
8.3.2 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY END-USE INDUSTRY 91
TABLE 45 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 91
TABLE 46 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 92
8.3.3 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY COUNTRY 92
TABLE 47 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION) 92
TABLE 48 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION) 93
8.3.3.1 NORWAY 93
TABLE 49 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 93
TABLE 50 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 94
8.3.3.2 UK 94
TABLE 51 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 95
TABLE 52 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 95
8.3.3.3 Ireland 95
TABLE 53 IRELAND: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 96
TABLE 54 IRELAND: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 96
8.3.3.4 Netherlands 96
TABLE 55 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 97
TABLE 56 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 97
8.3.3.5 Rest of Europe 97
TABLE 57 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 98
TABLE 58 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 98
8.4 ASIA PACIFIC 99
TABLE 59 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN ASIA PACIFIC 99
FIGURE 39 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT 100
8.4.1 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY SERVICE 100
TABLE 60 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 100
TABLE 61 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 101
8.4.2 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY END-USE INDUSTRY 101
TABLE 62 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 101
TABLE 63 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 102
8.4.3 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY COUNTRY 102
TABLE 64 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 102
TABLE 65 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 103
8.4.3.1 AUSTRALIA 103
TABLE 66 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 103
TABLE 67 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 104
8.4.3.2 China 104
TABLE 68 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 105
TABLE 69 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 105
8.4.3.3 South Korea 105
TABLE 70 SOUTH KOREA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 106
TABLE 71 SOUTH KOREA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 106
8.4.3.4 Rest of Asia Pacific 106
TABLE 72 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 107
TABLE 73 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 107
8.5 MIDDLE EAST & AFRICA 107
TABLE 74 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN MIDDLE EAST & AFRICA 108
8.5.1 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 108
TABLE 75 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 108
TABLE 76 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 108
8.5.2 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 109
TABLE 77 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 109
TABLE 78 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 109
8.5.3 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY 110
TABLE 79 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 110
TABLE 80 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 110
8.5.3.1 UAE 110
TABLE 81 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 111
TABLE 82 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 111
8.5.3.2 Saudi Arabia 111
TABLE 83 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 112
TABLE 84 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 112
8.5.3.3 Qatar 112
TABLE 85 QATAR: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 112
TABLE 86 QATAR: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 113
8.5.3.4 Rest of Middle East & Africa 113
TABLE 87 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 113
TABLE 88 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 113
8.6 SOUTH AMERICA 114
8.6.1 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 114
TABLE 89 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 114
TABLE 90 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 114
8.6.2 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 115
TABLE 91 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 115
TABLE 92 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 115
8.6.3 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY 116
TABLE 93 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 116
TABLE 94 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 116
8.6.3.1 Brazil 116
TABLE 95 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 117
TABLE 96 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 117
8.6.3.2 Rest of South America 117
TABLE 97 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 117
TABLE 98 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 118
9 COMPETITIVE LANDSCAPE 119
9.1 INTRODUCTION 119
9.2 MARKET SHARE ANALYSIS 119
FIGURE 40 SHARES OF TOP COMPANIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 119
TABLE 99 DEGREE OF COMPETITION: CONSOLIDATED 120
9.3 MARKET RANKING 120
FIGURE 41 RANKING OF TOP FIVE PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 120
9.4 MARKET EVALUATION FRAMEWORK 121
TABLE 100 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2016–2021 121
TABLE 101 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OTHER DEALS, 2016–2021 121
9.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS 129
FIGURE 42 REVENUE ANALYSIS 129
9.6 COMPANY EVALUATION MATRIX 129
TABLE 102 COMPANY PRODUCT FOOTPRINT 129
TABLE 103 COMPANY END-USE INDSUTRY FOOTPRINT 130
TABLE 104 COMPANY REGION FOOTPRINT 131
9.7 COMPETITIVE LEADERSHIP MAPPING 132
9.7.1 STARS 132
9.7.2 PERVASIVE 132
9.7.3 PARTICIPANTS 132
9.7.4 EMERGING LEADERS 132
FIGURE 43 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020 133
FIGURE 44 STRENGTH OF PRODUCT PORTFOLIO 134
FIGURE 45 BUSINESS STRATEGY EXCELLENCE 135
9.8 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 135
9.8.1 PROGRESSIVE COMPANIES 135
9.8.2 RESPONSIVE COMPANIES 135
9.8.3 DYNAMIC COMPANIES 136
9.8.4 STARTING BLOCKS 136
FIGURE 46 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2020 136
10 COMPANY PROFILES 137
10.1 KEY COMPANIES 137
(Business Overview, Products Recent Developments, MnM View)*
10.1.1 FLUOR CORPORATION 137
TABLE 105 FLUOR CORPORATION: BUSINESS OVERVIEW 137
FIGURE 47 FLUOR CORPORATION: COMPANY SNAPSHOT 138
10.1.2 EXXONMOBIL CORPORATION 140
TABLE 106 EXXONMOBIL CORPORATION: BUSINESS OVERVIEW 140
FIGURE 48 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT 141
10.1.3 LINDE PLC 144
TABLE 107 LINDE PLC: BUSINESS OVERVIEW 144
FIGURE 49 LINDE PLC: COMPANY SNAPSHOT 145
10.1.4 ROYAL DUTCH SHELL PLC 148
TABLE 108 ROYAL DUTCH SHELL PLC: BUSINESS OVERVIEW 148
FIGURE 50 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT 149
10.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD. 152
TABLE 109 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW 152
FIGURE 51 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 152
10.1.6 JGC HOLDINGS CORPORATION 155
TABLE 110 JGC HOLDINGS CORPORATION: BUSINESS OVERVIEW 155
FIGURE 52 JGC HOLDINGS CORPORATION: COMPANY SNAPSHOT 156
10.1.7 SCHLUMBERGER LIMITED 158
TABLE 111 SCHLUMBERGER LIMITED: BUSINESS OVERVIEW 158
FIGURE 53 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT 159
10.1.8 AKER SOLUTIONS 160
TABLE 112 AKER SOLUTIONS: BUSINESS OVERVIEW 160
FIGURE 54 AKER SOLUTIONS: COMPANY SNAPSHOT 161
10.1.9 HONEYWELL INTERNATIONAL 164
TABLE 113 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW 164
FIGURE 55 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT 165
10.1.10 EQUINOR ASA 167
TABLE 114 EQUINOR ASA: BUSINESS OVERVIEW 167
FIGURE 56 EQUINOR ASA: COMPANY SNAPSHOT 168
10.1.11 TOTALENERGIES SE 170
TABLE 115 TOTALENERGIES SE: BUSINESS OVERVIEW 170
FIGURE 57 TOTALENERGIES SE: COMPANY SNAPSHOT 170
10.1.12 HITACHI, LTD. 173
TABLE 116 HITACHI, LTD.: BUSINESS OVERVIEW 173
FIGURE 58 HITACHI, LTD.: COMPANY SNAPSHOT 174
10.1.13 SIEMENS AG 176
TABLE 117 SIEMENS AG: BUSINESS OVERVIEW 176
FIGURE 59 SIEMENS AG: COMPANY SNAPSHOT 176
10.1.14 GENERAL ELECTRIC 178
TABLE 118 GENERAL ELECTRIC: BUSINESS OVERVIEW 178
FIGURE 60 GENERAL ELECTRIC: COMPANY SNAPSHOT 179
10.1.15 HALLIBURTON 181
TABLE 119 HALLIBURTON: BUSINESS OVERVIEW 181
FIGURE 61 HALLIBURTON: COMPANY SNAPSHOT 181
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
10.2 OTHER KEY MARKET PLAYERS 183
10.2.1 CLIMEWORKS AG 183
10.2.2 C-CAPTURE LTD 183
10.2.3 TANDEM TECHNICAL 183
10.2.4 CARBICRETE 183
10.2.5 CARBON CLEAN 184
10.2.6 GREEN MINERALS 184
10.2.7 NEWLIGHT TECHNOLOGIES, INC. 184
10.2.8 CARBONFREE CHEMICALS 184
10.2.9 CARBON ENGINEERING, LTD. 184
10.2.10 ELECTROCHAEA GMBH 184
11 APPENDIX 185
11.1 DISCUSSION GUIDE 185
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 188
11.3 AVAILABLE CUSTOMIZATIONS 190
11.4 RELATED REPORT 190
11.5 AUTHOR DETAILS 191
[Report Description]
The global carbon capture, utilization, and storage is expected to grow from USD 2.1 billion in 2021 to USD 7.7 billion by 2026, at a CAGR of 29.8% during the forecast period. Increasing demand from various end-use industries is majorly driving the growth of the market. The carbon capture, utilization, and storage are used in natural gas, power generation, hydrogen, fertilizers, oil reefing, and various other industries. However, the negative impact of the COVID-19 pandemic on the end use industries has affected the carbon capture, utilization, and storage market adversely.
The transportation service is the fastest-growing segment of carbon capture, utilization, and storage in terms of value.
The transportation service segment is expected to witness high growth in the carbon capture, utilization, and storage market. Regions like North America and Europe have a wide network of CO2 transportation pipeline infrastructure setup which is boosting the growth of this service segment. Both US and Canada are actively investing in developing their transportation infrastructure for efficient and economical transport of CO2. Europe is also investing in developing its transportation infrastructure with projects like Northern Lights. COVID-19 pandemic had a minor impact on the implementation of these networks as funding and project implementation had very less variation due to the lockdowns.
The power generation segment to be the fastest-growing end-use industry segment during the forecast period
The power generation end-use industry is expected to increase the demand for carbon capture, utilization, and storage during the forecast period. The industry generates a massive amount of CO2 and hence attracts multiple stakeholders to reduce these emissions which significantly contributes towards the market growth of carbon capture, utilization, and storage. Furthermore, the power generation industry is growing at the fastest rate due to multiple projects that are in various stages of development planned to start operations by the mid-2020s.
Europe to be the fastest-growing region in the carbon capture, utilization, and storage during the forecast period
Europe is projected to be the fastest-growing region in the carbon capture, utilization, and storage and will expand significantly by 2026. This dominance is attributed to the upcoming projects like PORTHOS and CLEAN GAS in the Netherlands and the UK which will drive the carbon capture, utilization, and storage market in the region. The presence of two large-scale natural gas processing carbon capture, utilization, and storage facilities in the economies such as Norway is responsible for the fast growth of the region.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
• By Company Type- Tier 1- 25%, Tier 2- 35%, and Tier 3- 40%
• By Designation- C Level- 25%, Director Level- 35%, and Executives- 40%
• By Region- North America- 20%, Europe- 35%, Asia Pacific (APAC) - 25%, South America-5s%, Middle East & Africa (MEA)-15%,
The report provides a comprehensive analysis of company profiles listed below:
• Fluor Corporation (US)
• ExxonMobil Corporation (US)
• Linde plc (UK)
• Royal Dutch Shell Plc (Netherlands)
• Mitsubishi Heavy Industries, Ltd (Japan)
• JGC Holdings Corporation (Japan)
• Schlumberger Limited (US)
• Aker Solutions (Norway)
• Honeywell International Inc. (US)
• Equinor ASA (Norway)
• TotalEnergies SE (France)
• Hitachi, Ltd (Japan)
• Siemens AG (Germany)
• General Electric (US)
• Halliburton (US)
Research Coverage
This report covers the global carbon capture, utilization, and storage and forecasts the market size until 2026. It includes the following market segmentation-By Service (Capture, Transportation, Storage, Utilization), End-Use Industry (Natural Gas, Power Generation, Hydrogen, Fertilizers, Oil Refining, Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2026. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global Carbon capture, utilization, and storage.
Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the global carbon capture, utilization, and storage comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the carbon capture, utilization, and storage and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, expansion, and acquisition.
Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall carbon capture, utilization, and storage and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
1 INTRODUCTION 18
1.1 OBJECTIVES OF STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 INCLUSIONS AND EXCLUSIONS 18
1.3 MARKET SCOPE 19
1.3.1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SEGMENTATION 19
1.3.2 REGIONS COVERED 19
1.3.3 YEARS CONSIDERED FOR STUDY 20
1.4 CURRENCY 20
1.5 UNIT CONSIDERED 20
1.6 LIMITATIONS 20
1.7 STAKEHOLDERS 21
1.8 SUMMARY OF CHANGES 21
2 RESEARCH METHODOLOGY 22
FIGURE 1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: RESEARCH DESIGN 22
2.1 BASE NUMBER CALCULATION 23
2.1.1 SUPPLY-SIDE APPROACH 23
2.1.2 DEMAND-SIDE APPROACH 23
2.2 FORECAST NUMBER CALCULATION 23
2.2.1 SECONDARY DATA 23
2.2.2 PRIMARY DATA 24
2.2.2.1 Primary interviews – Top carbon capture, utilization, and storage manufacturers 24
2.2.2.2 Breakdown of primary interviews 24
2.2.2.3 Key industry insights 25
2.3 MARKET SIZE ESTIMATION 25
2.3.1 BOTTOM-UP APPROACH 25
FIGURE 2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: BOTTOM-UP APPROACH 26
2.3.2 TOP-DOWN APPROACH 26
FIGURE 3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: TOP-DOWN APPROACH 26
2.4 DATA TRIANGULATION 26
FIGURE 4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: DATA TRIANGULATION 27
2.5 FACTOR ANALYSIS 27
2.6 ASSUMPTIONS 28
2.7 LIMITATIONS & RISKS 28
3 EXECUTIVE SUMMARY 29
FIGURE 5 CAPTURE SERVICE DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020 30
FIGURE 6 NATURAL GAS END-USE INDUSTRY WAS LARGEST IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020 30
FIGURE 7 NORWAY TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 31
FIGURE 8 NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020 32
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 33
FIGURE 9 HIGH DEMAND FROM END-USE INDUSTRIES TO DRIVE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 33
4.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 33
FIGURE 10 CAPTURE SERVICE DOMINATED OVERALL MARKET IN 2020 33
4.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 34
FIGURE 11 NATURAL GAS END-USE INDUSTRY SEGMENT DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 34
4.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY KEY COUNTRY 34
FIGURE 12 MARKET IN UK TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 35
5.2.1 DRIVERS 36
5.2.1.1 Growing focus on reducing CO2 emissions 36
5.2.1.2 Increasing demand for C02-EOR techniques 37
5.2.1.3 Rising environmental awareness to increase natural gas demand 37
5.2.2 RESTRAINTS 37
5.2.2.1 High cost of carbon capture and storage 37
5.2.2.2 Safety concerns at storage sites 37
5.2.3 OPPORTUNITIES 38
5.2.3.1 Continuous investments in developing innovative capturing technologies enable economic operations 38
5.2.3.2 Large number of upcoming projects in Asia Pacific 38
5.2.3.3 Announcement of large capacity hydrogen projects 38
5.2.4 CHALLENGES 39
5.2.4.1 Reducing CO2 capturing costs 39
5.2.4.2 High initial investments 40
5.3 PORTER'S FIVE FORCES ANALYSIS 40
FIGURE 14 PORTER'S FIVE FORCES ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 40
5.3.1 BARGAINING POWER OF SUPPLIERS 41
5.3.2 BARGAINING POWER OF BUYERS 41
5.3.3 THREAT OF SUBSTITUTES 41
5.3.4 THREAT OF NEW ENTRANTS 41
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 42
TABLE 1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: PORTER'S FIVE FORCES ANALYSIS 42
5.4 TECHNOLOGY ANALYSIS 42
5.5 ECOSYSTEM: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 43
FIGURE 15 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: ECOSYSTEM 43
5.6 VALUE CHAIN ANALYSIS 43
FIGURE 16 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: VALUE CHAIN ANALYSIS 43
5.6.1 SOURCE CHARACTERIZATION 44
5.6.2 CAPTURE/SEPARATION 44
5.6.3 PURIFICATION, COMPRESSION, & TRANSPORTATION 44
5.6.4 UTILIZATION/STORAGE 44
5.7 SUPPLY CHAIN ANALYSIS 44
TABLE 2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SUPPLY CHAIN 44
5.8 IMPACT OF COVID-19 45
5.8.1 SHORTAGE OF LIQUIDITY 45
5.8.2 DELAY IN PROJECTS 45
5.8.3 INCREASING ROLE OF GOVERNMENT TO DRIVE MARKET 45
5.9 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 46
TABLE 3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS 46
5.9.1 OPTIMISTIC SCENARIO 46
5.9.2 PESSIMISTIC SCENARIO 46
5.9.3 REALISTIC SCENARIO 46
5.10 PRICING ANALYSIS 46
5.11 KEY MARKETS FOR IMPORTS/EXPORTS 46
5.11.1 US 47
5.11.2 CHINA 47
5.11.3 SAUDI ARABIA 47
5.11.4 NORWAY 47
5.11.5 AUSTRALIA 47
5.12 PATENT ANALYSIS 48
5.12.1 INTRODUCTION 48
5.12.2 METHODOLOGY 48
5.12.3 DOCUMENT TYPE 48
FIGURE 17 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE, 2010–2020 49
FIGURE 18 PUBLICATION TRENDS, 2010–2020 49
5.12.4 INSIGHTS 49
5.12.5 LEGAL STATUS OF PATENTS 49
FIGURE 19 LEGAL STATUS 50
FIGURE 20 PATENT JURISDICTION ANALYSIS, 2020 50
5.12.6 TOP APPLICANTS OF PATENTS 50
FIGURE 21 TOP APPLICANTS OF PATENTS 51
5.12.7 LIST OF PATENTS BY LANZATECH NEW ZEALAND LIMITED 51
5.12.8 LIST OF PATENTS BY ALSTOM TECHNOLOGY LTD 51
5.12.9 LIST OF PATENTS BY EXXONMOBIL RESEARCH & ENGINEERING COMPANY 52
5.12.10 TOP TEN PATENT OWNERS (US) DURING LAST 10 YEARS 52
5.13 TARIFFS AND REGULATIONS 53
TABLE 4 CURRENT STANDARD CODES FOR CARBON CAPTURE, UTILIZATION, AND STORAGE 53
5.14 CASE STUDY: CARBON CAPTURE, UTILIZATION, AND STORAGE 54
FIGURE 22 CASE STUDY 54
5.15 TRENDS AND DISRUPTIONS AFFECTING CUSTOMER'S BUSINESS 55
FIGURE 23 YC AND YCC SHIFT 55
6 CARBON CAPTURE, UTILIZATION AND STORAGE MARKET, BY SERVICE 56
6.1 INTRODUCTION 57
FIGURE 24 CAPTURE SERVICE TO DOMINATE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 57
TABLE 5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 57
TABLE 6 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 58
6.2 CAPTURE 58
FIGURE 25 NORTH AMERICA TO BE BIGGEST MARKET FOR CARBON CAPTURE SERVICE 59
TABLE 7 CARBON CAPTURE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 59
TABLE 8 CARBON CAPTURE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 59
6.2.1 POST-COMBUSTION 60
6.2.1.1 Offers high CO2 capture efficiency of 99% 60
6.2.2 OXY-FUEL 60
6.2.2.1 Simplified CO2 capture in comparison to conventional processes 60
6.2.3 PRE-COMBUSTION 61
6.2.3.1 Eliminates CO2 from gas stream prior to its dilution with air or oxygen 61
6.3 TRANSPORTATION 61
FIGURE 26 EUROPE TO BE FASTEST-GROWING MARKET FOR TRANSPORTATION SERVICE 62
TABLE 9 TRANSPORTATION SERVICE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 62
TABLE 10 TRANSPORTATION SERVICE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 62
6.4 UTILIZATION 63
FIGURE 27 EUROPE TO BE LARGEST MARKET FOR UTILIZATION SERVICES DURING FORECAST PERIOD 63
TABLE 11 UTILIZATION SERVICE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 64
TABLE 12 UTILIZTION SERVICE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 64
6.5 STORAGE 64
FIGURE 28 EUROPE TO BE FASTEST-GROWING MARKET FOR STORAGE SERVICE 65
TABLE 13 STORAGE SERVICE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 65
TABLE 14 STORAGE SERVICE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 65
6.5.1 GEOLOGICAL STORAGE 66
6.5.1.1 Oil & Gas Reservoirs 66
6.5.1.1.1 Most efficient storage type 66
6.5.1.2 Unmineable Coal Beds 66
6.5.1.2.1 Further research required to optimize the process 66
6.5.1.3 Saline Aquifers 66
6.5.1.3.1 Less knowledge about saline aquifers' features compared to other storage types 66
6.5.2 DEEP OCEAN STORAGE 67
6.5.2.1 Unpreferred over geological storage due to associated environmental risks 67
7 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY END-USE INDUSTRY 68
7.1 INTRODUCTION 69
FIGURE 29 POWER GENERATION INDUSTRY TO BE FASTEST-GROWING INDUSTRY IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 69
TABLE 15 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 70
TABLE 16 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 70
7.2 NATURAL GAS 71
FIGURE 30 MIDDLE EAST & AFRICA TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN NATURAL GAS INDUSTRY 71
TABLE 17 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN NATURAL GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 71
TABLE 18 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN NATURAL GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 72
7.3 POWER GENERATION 72
FIGURE 31 NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION INDUSTRY 73
TABLE 19 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 73
TABLE 20 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 73
7.4 HYDROGEN 74
FIGURE 32 EUROPE TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR HYDROGEN INDUSTRY 74
TABLE 21 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN HYDROGEN INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 74
TABLE 22 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN HYDROGEN INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 75
7.5 FERTILIZERS 75
FIGURE 33 NORTH AMERICA TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN FERTILIZERS INDUSTRY 75
TABLE 23 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN FERTILIZERS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 76
TABLE 24 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN FERTILIZERS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 76
7.6 OIL REFINING 77
FIGURE 34 EUROPE TO BE LARGEST REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR OIL REFINING INDUSTRY 77
TABLE 25 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL REFINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 77
TABLE 26 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL REFINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 78
7.7 OTHERS 78
FIGURE 35 NORTH AMERICA TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR OTHER INDUSTRIES 79
TABLE 27 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 79
TABLE 28 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 79
8 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION 80
8.1 INTRODUCTION 81
FIGURE 36 UK TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD 81
TABLE 29 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 81
TABLE 30 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 82
8.2 NORTH AMERICA 82
TABLE 31 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN NORTH AMERICA 82
FIGURE 37 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT 83
8.2.1 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 84
TABLE 32 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 84
TABLE 33 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 84
8.2.2 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 85
TABLE 34 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 85
TABLE 35 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 85
8.2.3 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY 86
TABLE 36 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 86
TABLE 37 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 86
8.2.3.1 US 86
TABLE 38 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 87
TABLE 39 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 87
8.2.3.2 Canada 88
TABLE 40 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 88
TABLE 41 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 88
8.3 EUROPE 89
TABLE 42 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN EUROPE 89
FIGURE 38 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT 90
8.3.1 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY SERVICE 90
TABLE 43 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 90
TABLE 44 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 91
8.3.2 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY END-USE INDUSTRY 91
TABLE 45 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 91
TABLE 46 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 92
8.3.3 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY COUNTRY 92
TABLE 47 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION) 92
TABLE 48 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION) 93
8.3.3.1 NORWAY 93
TABLE 49 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 93
TABLE 50 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 94
8.3.3.2 UK 94
TABLE 51 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 95
TABLE 52 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 95
8.3.3.3 Ireland 95
TABLE 53 IRELAND: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 96
TABLE 54 IRELAND: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 96
8.3.3.4 Netherlands 96
TABLE 55 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 97
TABLE 56 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 97
8.3.3.5 Rest of Europe 97
TABLE 57 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 98
TABLE 58 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 98
8.4 ASIA PACIFIC 99
TABLE 59 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN ASIA PACIFIC 99
FIGURE 39 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT 100
8.4.1 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY SERVICE 100
TABLE 60 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 100
TABLE 61 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 101
8.4.2 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY END-USE INDUSTRY 101
TABLE 62 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 101
TABLE 63 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 102
8.4.3 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
BY COUNTRY 102
TABLE 64 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 102
TABLE 65 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 103
8.4.3.1 AUSTRALIA 103
TABLE 66 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 103
TABLE 67 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 104
8.4.3.2 China 104
TABLE 68 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 105
TABLE 69 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 105
8.4.3.3 South Korea 105
TABLE 70 SOUTH KOREA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 106
TABLE 71 SOUTH KOREA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 106
8.4.3.4 Rest of Asia Pacific 106
TABLE 72 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 107
TABLE 73 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 107
8.5 MIDDLE EAST & AFRICA 107
TABLE 74 MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN MIDDLE EAST & AFRICA 108
8.5.1 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 108
TABLE 75 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 108
TABLE 76 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 108
8.5.2 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 109
TABLE 77 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 109
TABLE 78 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 109
8.5.3 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY 110
TABLE 79 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 110
TABLE 80 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 110
8.5.3.1 UAE 110
TABLE 81 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 111
TABLE 82 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 111
8.5.3.2 Saudi Arabia 111
TABLE 83 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 112
TABLE 84 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 112
8.5.3.3 Qatar 112
TABLE 85 QATAR: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 112
TABLE 86 QATAR: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 113
8.5.3.4 Rest of Middle East & Africa 113
TABLE 87 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 113
TABLE 88 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 113
8.6 SOUTH AMERICA 114
8.6.1 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 114
TABLE 89 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 114
TABLE 90 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 114
8.6.2 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 115
TABLE 91 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 115
TABLE 92 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 115
8.6.3 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY 116
TABLE 93 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 116
TABLE 94 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 116
8.6.3.1 Brazil 116
TABLE 95 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 117
TABLE 96 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 117
8.6.3.2 Rest of South America 117
TABLE 97 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 117
TABLE 98 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 118
9 COMPETITIVE LANDSCAPE 119
9.1 INTRODUCTION 119
9.2 MARKET SHARE ANALYSIS 119
FIGURE 40 SHARES OF TOP COMPANIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 119
TABLE 99 DEGREE OF COMPETITION: CONSOLIDATED 120
9.3 MARKET RANKING 120
FIGURE 41 RANKING OF TOP FIVE PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 120
9.4 MARKET EVALUATION FRAMEWORK 121
TABLE 100 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2016–2021 121
TABLE 101 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OTHER DEALS, 2016–2021 121
9.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS 129
FIGURE 42 REVENUE ANALYSIS 129
9.6 COMPANY EVALUATION MATRIX 129
TABLE 102 COMPANY PRODUCT FOOTPRINT 129
TABLE 103 COMPANY END-USE INDSUTRY FOOTPRINT 130
TABLE 104 COMPANY REGION FOOTPRINT 131
9.7 COMPETITIVE LEADERSHIP MAPPING 132
9.7.1 STARS 132
9.7.2 PERVASIVE 132
9.7.3 PARTICIPANTS 132
9.7.4 EMERGING LEADERS 132
FIGURE 43 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020 133
FIGURE 44 STRENGTH OF PRODUCT PORTFOLIO 134
FIGURE 45 BUSINESS STRATEGY EXCELLENCE 135
9.8 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 135
9.8.1 PROGRESSIVE COMPANIES 135
9.8.2 RESPONSIVE COMPANIES 135
9.8.3 DYNAMIC COMPANIES 136
9.8.4 STARTING BLOCKS 136
FIGURE 46 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2020 136
10 COMPANY PROFILES 137
10.1 KEY COMPANIES 137
(Business Overview, Products Recent Developments, MnM View)*
10.1.1 FLUOR CORPORATION 137
TABLE 105 FLUOR CORPORATION: BUSINESS OVERVIEW 137
FIGURE 47 FLUOR CORPORATION: COMPANY SNAPSHOT 138
10.1.2 EXXONMOBIL CORPORATION 140
TABLE 106 EXXONMOBIL CORPORATION: BUSINESS OVERVIEW 140
FIGURE 48 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT 141
10.1.3 LINDE PLC 144
TABLE 107 LINDE PLC: BUSINESS OVERVIEW 144
FIGURE 49 LINDE PLC: COMPANY SNAPSHOT 145
10.1.4 ROYAL DUTCH SHELL PLC 148
TABLE 108 ROYAL DUTCH SHELL PLC: BUSINESS OVERVIEW 148
FIGURE 50 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT 149
10.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD. 152
TABLE 109 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW 152
FIGURE 51 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 152
10.1.6 JGC HOLDINGS CORPORATION 155
TABLE 110 JGC HOLDINGS CORPORATION: BUSINESS OVERVIEW 155
FIGURE 52 JGC HOLDINGS CORPORATION: COMPANY SNAPSHOT 156
10.1.7 SCHLUMBERGER LIMITED 158
TABLE 111 SCHLUMBERGER LIMITED: BUSINESS OVERVIEW 158
FIGURE 53 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT 159
10.1.8 AKER SOLUTIONS 160
TABLE 112 AKER SOLUTIONS: BUSINESS OVERVIEW 160
FIGURE 54 AKER SOLUTIONS: COMPANY SNAPSHOT 161
10.1.9 HONEYWELL INTERNATIONAL 164
TABLE 113 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW 164
FIGURE 55 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT 165
10.1.10 EQUINOR ASA 167
TABLE 114 EQUINOR ASA: BUSINESS OVERVIEW 167
FIGURE 56 EQUINOR ASA: COMPANY SNAPSHOT 168
10.1.11 TOTALENERGIES SE 170
TABLE 115 TOTALENERGIES SE: BUSINESS OVERVIEW 170
FIGURE 57 TOTALENERGIES SE: COMPANY SNAPSHOT 170
10.1.12 HITACHI, LTD. 173
TABLE 116 HITACHI, LTD.: BUSINESS OVERVIEW 173
FIGURE 58 HITACHI, LTD.: COMPANY SNAPSHOT 174
10.1.13 SIEMENS AG 176
TABLE 117 SIEMENS AG: BUSINESS OVERVIEW 176
FIGURE 59 SIEMENS AG: COMPANY SNAPSHOT 176
10.1.14 GENERAL ELECTRIC 178
TABLE 118 GENERAL ELECTRIC: BUSINESS OVERVIEW 178
FIGURE 60 GENERAL ELECTRIC: COMPANY SNAPSHOT 179
10.1.15 HALLIBURTON 181
TABLE 119 HALLIBURTON: BUSINESS OVERVIEW 181
FIGURE 61 HALLIBURTON: COMPANY SNAPSHOT 181
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
10.2 OTHER KEY MARKET PLAYERS 183
10.2.1 CLIMEWORKS AG 183
10.2.2 C-CAPTURE LTD 183
10.2.3 TANDEM TECHNICAL 183
10.2.4 CARBICRETE 183
10.2.5 CARBON CLEAN 184
10.2.6 GREEN MINERALS 184
10.2.7 NEWLIGHT TECHNOLOGIES, INC. 184
10.2.8 CARBONFREE CHEMICALS 184
10.2.9 CARBON ENGINEERING, LTD. 184
10.2.10 ELECTROCHAEA GMBH 184
11 APPENDIX 185
11.1 DISCUSSION GUIDE 185
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 188
11.3 AVAILABLE CUSTOMIZATIONS 190
11.4 RELATED REPORT 190
11.5 AUTHOR DETAILS 191
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