Growth Opportunities for Emissions Management in Oil and Gas

Growth Opportunities for Emissions Management in Oil and Gas

As the creation and implementation of decarbonization strategies gain pace across industries, emissions management emerges as a key growth opportunity. Frost & Sullivan has identified a complex, dynamic value chain and set of process steps in which opportunities abound: planning and advisory, measuring and monitoring, mitigation, removal, reporting, and offsetting. Digital platforms and creative business models that deliver end-to-end solutions underpin these steps, especially in the carbon-intensive oil and gas (O&G) industry.

Companies invest in innovative technologies, such as smart sensors, to accurately capture different types of emissions data as well as drones and satellite imagery for mapping. Emerging technologies—artificial intelligence (AI), machine learning (ML), and cloud services—that manage and store large datasets are becoming common across industries. In the next 10 years, automation, robotics, and data analytics will be prevalent in measuring and controlling emissions.

This study presents a full analysis of growth opportunities in the global emissions management market for O&G applications. The energy transition and increasingly pressing need to remove greenhouse gases (GHGs) from the atmosphere will drive attractive growth to 2030 and beyond.