“Smart Carbon Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart carbon market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for smart carbon ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart carbon market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Chemical Looping Combustion (CLC); Solvents and Sorbents; Bio-Energy CCS (BECCS); Direct Air Capture (DAC)
- 2) By Source: Oil and Gas; Power Generation; Chemicals and Petrochemicals; Cement; Iron and Steel; Other Sources
- 3) By Application: Urea Manufacturing; Synthetic Fuel; Chemical Production; Building Aggregates; Dry Ice; Other Applications
- Companies Mentioned: Aker Solutions ASA; Dakota Gasification Company; Equinor ASA; Fluor Corporation; Linde plc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the smart carbon market are Aker Solutions ASA, Dakota Gasification Company, Equinor ASA, Fluor Corporation, Linde plc., A.P. Moller-Maersk Group, Mitsubishi Heavy Industries Ltd., Shell plc., Siemens AG, Sulzer Ltd., Honeywell International Inc., ExxonMobil Corporation, Trojan Battery Company LLC, Olam International, and Carbon Engineering Ltd.
The global smart carbon market is expected to grow from $3.05 billion in 2022 to $3.56 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart carbon market is expected to reach $6.19 billion in 2027 at a CAGR of 14.9%.
The smart carbon market includes revenues earned by entities through carbon capture and storage (CCS), clean electricity, and circular carbon. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Smart carbon refers to carbon neutral method of energy production that utilizes renewable energy in a highly-controlled industrial environment. This can also contribute to CO2 removal, through the increased use of circular carbon, using sustainable biomass and waste.
North America was the attractive region in the smart carbon market in 2022 The regions covered in the smart carbon report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of smart carbons are chemical looping combustion (CLC), solvents and sorbents, bio-energy ccs (BECCS), and direct air capture (DAC). Chemical looping combustion (CLC) is a concept that avoids direct contact between fuel and air by transferring oxygen from the combustion air to the fuel through the use of a metal oxide oxygen carrier. Their sources include oil and gas, power generation, chemicals and petrochemicals, cement, iron, and steel, and others, that are used for urea manufacturing, synthetic fuel, chemical production, building aggregates, dry ice and others.
An increase in the number of enhanced oil recovery (EOR) projects is significantly contributing to the growth of the smart carbon market going forward. Enhanced oil recovery refers to extracting remaining oil from oil reservoirs through the injection of gasses and chemicals like carbon dioxide (CO2). Oil production can be increased through EOR, by injecting CO2 into an existing oil field, EOR techniques raise the reservoir's total pressure, forcing oil toward production wells, as a result, an increase in the number of enhanced oil recoveries increases the demand for the smart carbon market. For instance, in 2022, according to MDPI(Multidisciplinary Digital Publishing Institute), a Switzerland-based publisher of open-access scientific journals, in 2020, more than 375 EOR projects were in operation, accounting for about 2% of global oil production. Therefore, an increase in the number of enhanced oil recovery (EOR) projects drives the smart carbon market.
Technological advancement is the key trend gaining popularity in the smart carbon market. Major companies operating in the smart carbon market are focusing on developing new technologies to capture carbon from the atmosphere and from fossil fuel emissions. For instance, in June 2022, Ecospray, an Italy-based technology-as-a-service company, launched three innovative carbon capture technologies that include the reduction of CO2 emissions through the use of amines, calcium hydroxide, or molten carbonate fuel cells. These are implemented in different contexts for the maritime industry. Factors such as the size and type of ship, the route it sails, and the space available on board have a major effect on the scope of the application.
In December 2022, the Bank of Montreal (BMO), a Canada-based finance company acquired Radicle Group Inc. for an undisclosed amount. With this acquisition, BMO would manage risk and scale the technologies needed to reach climate targets. Radicle Group Inc. is a Canada-based company that provides technological solutions for businesses to reduce carbon emissions.
The countries covered in the smart carbon market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The smart carbon market research report is one of a series of new reports from The Business Research Company that provides smart carbon market statistics, including smart carbon industry global market size, regional shares, competitors with a smart carbon market share, detailed smart carbon market segments, market trends, and opportunities, and any further data you may need to thrive in the smart carbon industry. This smart carbon market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Smart Carbon Market Characteristics
3. Smart Carbon Market Trends And Strategies
4. Smart Carbon Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Smart Carbon Market
- 4.2. Ukraine-Russia War Impact On Smart Carbon Market
- 4.3. Impact Of High Inflation On Smart Carbon Market
5. Smart Carbon Market Size And Growth
- 5.1. Global Smart Carbon Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Smart Carbon Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Smart Carbon Market Segmentation
- 6.1. Global Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Chemical Looping Combustion (CLC)
- Solvents And Sorbents
- Bio-Energy CCS (BECCS)
- Direct Air Capture (DAC)
- 6.2. Global Smart Carbon Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oil And Gas
- Power Generation
- Chemicals And Petrochemicals
- Cement
- Iron And Steel
- Other Sources
- 6.3. Global Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Urea Manufacturing
- Synthetic Fuel
- Chemical Production
- Building Aggregates
- Dry Ice
- Other Applications
7. Smart Carbon Market Regional And Country Analysis
- 7.1. Global Smart Carbon Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Smart Carbon Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Smart Carbon Market
- 8.1. Asia-Pacific Smart Carbon Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Smart Carbon Market
- 9.1. China Smart Carbon Market Overview
- 9.2. China Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Smart Carbon Market
- 10.1. India Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Smart Carbon Market
- 11.1. Japan Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Smart Carbon Market
- 12.1. Australia Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Smart Carbon Market
- 13.1. Indonesia Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Smart Carbon Market
- 14.1. South Korea Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Smart Carbon Market
- 15.1. Western Europe Smart Carbon Market Overview
- 15.2. Western Europe Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Smart Carbon Market
- 16.1. UK Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Smart Carbon Market
- 17.1. Germany Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Smart Carbon Market
- 18.1. France Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Smart Carbon Market
- 19.1. Eastern Europe Smart Carbon Market Overview
- 19.2. Eastern Europe Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Smart Carbon Market
- 20.1. Russia Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Smart Carbon Market
- 21.1. North America Smart Carbon Market Overview
- 21.2. North America Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Smart Carbon Market
- 22.1. USA Smart Carbon Market Overview
- 22.2. USA Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Smart Carbon Market
- 23.1. South America Smart Carbon Market Overview
- 23.2. South America Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Smart Carbon Market
- 24.1. Brazil Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Smart Carbon Market
- 25.1. Middle East Smart Carbon Market Overview
- 25.2. Middle East Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Smart Carbon Market
- 26.1. Africa Smart Carbon Market Overview
- 26.2. Africa Smart Carbon Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Smart Carbon Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Smart Carbon Market Competitive Landscape And Company Profiles
- 27.1. Smart Carbon Market Competitive Landscape
- 27.2. Smart Carbon Market Company Profiles
- 27.2.1. Aker Solutions ASA
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Dakota Gasification Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Equinor ASA
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Fluor Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Linde plc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Carbon Market
29. Smart Carbon Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer