BIS Research Study Highlights the Global Carbon Capture Utilization and Storage Market to Reach $12.16 Billion by 2031

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May 31, 2022, 08:00 ET

FREMONT, Calif., May 31, 2022 /PRNewswire/ -- The global carbon capture utilization and storage market is projected to reach $12.16 billion in terms of revenue by 2031 at a CAGR of 19.2%, reveals the premium market intelligence study by BIS Research.

Carbon Capture Utilization and Storage (CCUS) involves the capture of CO₂from huge point sources, including power generation, cement industries, or other industrial facilities that use fossil fuels or biomass for fuel.

In the report, three types of carbon capture technologies, namely, pre-combustion capture, oxy-fuel combustion, and post-combustion capture, have been considered. Post-combustion capture is one of the proven technologies for CO₂ capture from flue gases. The majority of the carbon capture plant utilizes this technology for reasons such as easy availability and lower cost of installation.

Growth in the CCUS market is being driven by the increasing focus on reducing carbon dioxide (CO₂) emissions, supportive government initiatives, and increasing demand for CO₂for enhanced oil recovery (EOR).

The detailed study is a compilation of 80 Market Data Tables and 23 Figures spread through 153 Pages and in-depth TOC on "Global Carbon Capture Utilization and Storage Market – Analysis and Forecast, 2022-2031"

USP of the Report

This extensive report can help in the following ways:

Market ranking analysis based on product portfolio, recent developments, and regional spread.
Investment landscape including product adoption scenario, funding, and patent analysis.
The study provides the reader a detailed understanding of the different carbon capture utilization and storage application in industries such as the oil and gas industry, power industry, and others (cement and chemical industry).

Analyst's Take on the Market:

According to Pooja Tanna, Principal Analyst, BIS Research, "The carbon capture utilization and storage is expected to be the best option for reducing carbon footprints. With the increasing investments globally and the rising government support through incentives, the growth of the CCUS industry is expected to be exponential."

View the report from BIS Research on Global Carbon Capture Utilization and Storage Market

Key Companies Operating in the Market and Competition Landscape

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some prominent names established in this market are:

Fluor Corporation
Exxon Mobil
Mitsubishi Heavy Industries
Linde Plc
Aker Carbon Capture
Royal Dutch Shell
Climeworks

Who Should Buy This Report?

The report is suitable for carbon capture technology providers and companies involved in capturing and storing CO₂.

Get FREE Sample Report Here

Key Questions Answered in the Report:

What are some of the major factors and trends that are impacting the carbon capture utilization and storage market?
How has COVID-19 impacted the carbon capture utilization and storage market across the globe? Which are the leading end-use industries that are rapidly adopting the CCUS technology?
Which CCUS technology (post-combustion, pre-combustion, and oxy-fuel combustion) is majorly preferred by the key end-use industries?
What are the latest developments in various countries for the development of the carbon capture utilization and storage industry?
What are the various latest governmental regulations/initiatives toward the deployment of CCUS technology globally?
For a new company looking to enter the carbon capture utilization and storage market, which areas could it focus upon to stay ahead of the competition?
What kind of new strategies is being adopted by the existing market players to strengthen their market position in the industry?

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.

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