세계의 탄소 포집, 활용 및 저장(CCUS) 시장 : 분석 - 공급원별, 서비스별, 기술별, 최종 사용자별, 지역별 예측(-2030년)

According to Stratistics MRC, the Global Carbon Capture, Utilization & Storage Market is accounted for $4.61 billion in 2024 and is expected to reach $15.21 billion by 2030 growing at a CAGR of 22.0% during the forecast period. A group of technologies known as carbon capture, utilization, and storage (CCUS) are intended to lower carbon dioxide (CO2) emissions from energy production and industrial activities. It entails absorbing CO2 at the source of emissions, which could be factories or power plants, and either moving it to a storage facility or using it for other purposes. In order to prevent CO2 from entering the atmosphere, storage usually entails injecting it deeply underground into geological formations.

According to the Carbon Capture and Storage Association (CCSA), carbon capture, utilization, and storage (CCUS) is a vital solution for significantly reducing emissions from several critical sectors, including industry, heating, power, and transport. It is one of the few methods capable of removing CO2 from the atmosphere on an industrial scale(CCSA).

Market Dynamics:

Driver:

Mitigation of climate change

The CCUS market is largely driven by regulatory and policy support, as governments all over the world put policies like carbon pricing, tax credits, and subsidies in place to promote the use of these technologies. For example, the United States provides tax incentives for CO2 capture and storage under Section 45Q. Furthermore, global commitments to reduce greenhouse gas emissions have been set by agreements like the Paris Agreement, which makes CCUS a crucial tool for fulfilling these obligations.

Restraint:

High operating and capital expenses

High capital and operating costs pose a significant barrier to the deployment of CCUS technologies. It costs a lot of money to capture CO2, especially from diffuse and low-concentration sources. This is because sophisticated infrastructure and technology are needed. Without significant financial incentives or subsidies, many companies may find it financially difficult to adopt carbon capture, storage, transport, and compression due to the high cost of these processes. Moreover, the International Energy Agency (IEA) emphasizes that cost savings are necessary for CCUS technologies to be widely adopted.

Opportunity:

Development and innovation in technology

The development of CCUS technology offers substantial potential for cost and efficiency savings. In order to increase capture rates and reduce operating costs, more research and development should be done in areas like solid sorbents, membranes, and advanced solvents for CO2 capture. The security and dependability of CO2 storage can be improved by advancements in monitoring and verification technologies. Additionally, investing in these technological developments can result in CCUS solutions that are more commercially feasible and scalable.

Threat:

Threats from alternative technologies

A competitive threat to CCUS is the emergence of alternative low-carbon technologies like energy efficiency initiatives and renewable energy sources. The decreasing costs of solar, wind, and battery storage technologies make them increasingly appealing choices for mitigating carbon emissions. Furthermore, compared to CCUS, investments in energy efficiency upgrades can result in more rapid and affordable emission reductions. This competitive environment may cause CCUS projects to lose focus and funding.

Covid-19 Impact:

The COVID-19 pandemic had a major effect on the CCUS market by delaying project schedules, upsetting supply chains, and reorienting corporate and governmental priorities away from long-term climate goals and toward short-term economic recovery initiatives. Numerous CCUS projects, both ongoing and planned, had to be delayed because of lockdown procedures and lower labour availability. Moreover, the recession also resulted in less money being available for investments in CCUS technologies since the public and private sectors diverted funds to deal with the pressing health issue.

The Transportation segment is expected to be the largest during the forecast period

The transportation segment holds the largest share in the carbon capture, utilization, and storage (CCUS) market. Transportation of captured carbon dioxide (CO2) from emission sources, like power plants or industrial plants, to storage locations or utilization facilities is the critical process covered in this segment. Additionally, the feasibility and expandability of Captive CO2 Utilization Systems (CCUS) projects depend on the effective transportation infrastructure that enables the transfer of captured CO2 to permanent subterranean storage locations or to facilities for its utilization in applications like enhanced oil recovery or manufacturing valuable products.

The Post-Combustion Capture segment is expected to have the highest CAGR during the forecast period

In the carbon capture, utilization, and storage (CCUS) market, the post-combustion capture segment typically has the highest CAGR. The process of extracting carbon dioxide (CO2) from flue gases released during the burning of fossil fuels in power plants or other industrial facilities is known as post-combustion capture. The adaptability of this approach makes it especially appealing because it can be retrofitted to current infrastructure without requiring major changes. Furthermore, post-combustion capture technologies are a useful tool for reducing emissions from a variety of sources because they selectively extract CO2 from exhaust gases using solvents or sorbents.

Region with largest share:

The market for carbon capture, utilization, and storage (CCUS) was dominated by North America, specifically by the US and Canada. Numerous factors contribute to this dominance, such as strong government backing, advantageous regulatory environments, large investments in R&D, and the existence of an established energy infrastructure. Moreover, the proliferation of appropriate geological storage locations, especially in areas with established oil and gas extraction activities, has contributed to the expansion of CCUS programs across North America.

Region with highest CAGR:

The carbon capture, utilization, and storage (CCUS) market has been growing at the highest CAGR in Asia-Pacific. Numerous factors, such as growing industrialization, rising energy demand, and growing awareness of the need to address climate change, are driving this rapid growth. Additionally, encouraging government regulations, financial rewards, and partnerships with global institutions have promoted creativity and the implementation of CCUS projects in a number of sectors, such as petrochemicals, manufacturing, and power generation.

Key players in the market

Some of the key players in Carbon Capture, Utilization & Storage market include General Electric, Exxon Mobil Corporation, Halliburton Company, Mitsubishi Heavy Industries, Ltd., Aker Solutions, Schlumberger Limited, Fluor Corporation, Honeywell International Inc, Royal Dutch Shell PLC, Siemens AG, JGC Holdings, Equinor ASA, Integrated Carbon Sequestration Pty. Ltd, BASF SE and Linde Plc.

Key Developments:

In February 2024, Mitsubishi Heavy Industries, Ltd. has concluded a Nissay Positive Impact Finance agreement with Nippon Life Insurance Company. MHI Group, in response to the growing need to address the global challenge of climate change, in 2020, identified five material issues, including Provide energy solutions to enable a carbon neutral world, as priority measures to contribute to solving societal issues and ensuring continued growth over the medium to long term.

In January 2024, Linde announced it has expanded its existing long-term agreement for the supply of industrial gases with Steel Authority of India Limited (SAIL), one of the largest steelmaking companies in India. Linde currently supplies oxygen, nitrogen and argon to SAIL's Rourkela steel plant in Odisha, eastern India, from two on-site air separation units (ASUs), which are operating at full capacity.

In October 2023, Exxon Mobil Corporation and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil's closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing.

Sources Covered:

• Industrial Processes
• Power Generation

Services Covered:

• Capture
• Transportation
• Utilization
• Storage
• Other Services

Technologies Covered:

• Pre-Combustion Capture
• Oxy-Fuel Combustion Capture
• Post-Combustion Capture
• Industrial Separation Capture
• Inherent Separation
• Other Technologies

End Users Covered:

• Energy Sector
• Iron and Steel
• Chemical and Petrochemical
• Oil and Gas
• Cement
• Coal and Biomass Power Plant
• Power Generation
• Agriculture
• Food and Beverage
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Carbon Capture, Utilization & Storage Market, By Source

• 5.1 Introduction
• 5.2 Industrial Processes
• 5.3 Power Generation

6 Global Carbon Capture, Utilization & Storage Market, By Service

• 6.1 Introduction
• 6.2 Capture
• 6.3 Transportation
• 6.4 Utilization
• 6.5 Storage
  • 6.5.1 Deep Ocean Storage
  • 6.5.2 Geological Storage
    • 6.5.2.1 Unmineable Coal Beds
    • 6.5.2.2 Oil & Gas Reservoirs
    • 6.5.2.3 Saline Aquifers
• 6.6 Other Services

7 Global Carbon Capture, Utilization & Storage Market, By Technology

• 7.1 Introduction
• 7.2 Pre-Combustion Capture
• 7.3 Oxy-Fuel Combustion Capture
• 7.4 Post-Combustion Capture
• 7.5 Industrial Separation Capture
• 7.6 Inherent Separation
• 7.7 Other Technologies

8 Global Carbon Capture, Utilization & Storage Market, By End User

• 8.1 Introduction
• 8.2 Energy Sector
• 8.3 Iron and Steel
• 8.4 Chemical and Petrochemical
• 8.5 Oil and Gas
• 8.6 Cement
• 8.7 Coal and Biomass Power Plant
• 8.8 Power Generation
• 8.9 Agriculture
• 8.10 Food and Beverage
• 8.11 Other End Users

9 Global Carbon Capture, Utilization & Storage Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 General Electric
• 11.2 Exxon Mobil Corporation
• 11.3 Halliburton Company
• 11.4 Mitsubishi Heavy Industries, Ltd.
• 11.5 Aker Solutions
• 11.6 Schlumberger Limited
• 11.7 Fluor Corporation
• 11.8 Honeywell International Inc
• 11.9 Royal Dutch Shell PLC
• 11.10 Siemens AG
• 11.11 JGC Holdings
• 11.12 Equinor ASA
• 11.13 Integrated Carbon Sequestration Pty. Ltd
• 11.14 BASF SE
• 11.15 Linde Plc