Global CCS in Power Generation Market Growth (Status and Outlook) 2023-2029

Global CCS in Power Generation Market Growth (Status and Outlook) 2023-2029

Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation. The aim is to prevent the release of large quantities of CO2 into the atmosphere (from fossil fuel use in power generation and other industries). It is a potential means of mitigating the contribution of fossil fuel emissions to global warming and ocean acidification. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept.

LPI (LP Information)' newest research report, the “CCS in Power Generation Industry Forecast” looks at past sales and reviews total world CCS in Power Generation sales in 2022, providing a comprehensive analysis by region and market sector of projected CCS in Power Generation sales for 2023 through 2029. With CCS in Power Generation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CCS in Power Generation industry.

This Insight Report provides a comprehensive analysis of the global CCS in Power Generation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CCS in Power Generation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CCS in Power Generation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CCS in Power Generation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CCS in Power Generation.

The global CCS in Power Generation market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The over-dependence on fossil fuels and abundant supplies is considered to be one of the primary growth drivers in this market. Technological advancements and booming economies are directly dependent on the availability of energy and ever since commercial uses of oil and natural gas was discovered, the demand for fossil fuels has only increased. The available fossil fuels are expected to meet the energy demands for decades. There will be significant emissions of greenhouse gases, which will, in turn, increase the demand for carbon capture and storage systems.

This report presents a comprehensive overview, market shares, and growth opportunities of CCS in Power Generation market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Carbon Capture
Carbon Storage

Segmentation by application
Pre-Combustion Capture
Post-Combustion Capture
Oxy-Fuel Combustion Capture

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE-Alstom Grid
The Linde
Babcock & Wilcox Enterprises
Mitsubishi Heavy Industries
Fluor Corporation
Shell
Net Power
Hitachi
Sulzer
Siemens
Amec Foster Wheeler
Air Products

Please note: The report will take approximately 2 business days to prepare and deliver.