Carbon Capture And Storage Market In-Depth Research On Basis By Capture Technology, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 2 June 2023: The Report Carbon Capture And Storage Market Size, Share & Trends Analysis Report By Application (Power Generation, Oil & Gas), By Capture Technology (Oxy-Combustion, Pre-combustion), By Region, And Segment Forecasts, 2023 – 2030

The global carbon capture and storage market size is expected to reach USD 5.61 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2023 to 2030. Increasing carbon emissions across the globe and concerns regarding the detrimental effect of carbon emissions on the environment have prompted the adoption of carbon capture and storage technology.

The European Union has emerged as a global leader by developing CCS as a part of its energy and climate policy in order to meet the 80-95% emission reduction target by 2050. Various policies and funding programs favoring the development of more efficient and cost-effective CCS technologies are primarily fueling market growth in the region. Increasing R&D and testing of several pilot projects are expected to lower the CCS technology cost and enhance its commercial viability. Low-carbon investment programs such as NER300 and NER400, which contain provisions regarding the financing of large-scale commercial CCS pilot projects, have accelerated market growth.

NER300 is a funding mechanism that has the provision to provide 300 million carbon allowances for subsidizing the construction of CCS demonstration plants. On similar lines, NER400 innovation fund targets the 2021-2030 period to decarbonize industrial production by raising USD 9.97 billion assuming a carbon price of 25.5 USD/ton. Moreover, the development of EU ETS and EPS has majorly propelled CCS technology penetration in the market. The provision of a cap and trade system, which puts a price on carbon emissions, is stimulating the CCS installations across several industries such as power generation, chemical processing, oil & gas, and iron & steel.

Access Research Report of Carbon Capture And Storage Market @ https://www.grandviewresearch.com/industry-analysis/carbon-capture-storage-ccs-market

Carbon Capture And Storage Market Report Highlights

• By capture technology, in 2022, the pre-combustion segment emerged as the largest segment with a revenue share of more than 66.91%. Newly developed advanced amine systems, heat generation systems, and increased energy demand are expected to be the main factors driving post-combustion technology over the forecast period
• In 2022, the power generation application segment emerged as the largest segment with a volume share of more than 66.9%. Global energy-related carbon dioxide emissions reached 36.3 Gt CO2 in 2021, according to The International Energy Agency (IEA). The power sector accounted for approximately two-thirds of the emissions growth from the previous year. Due to high emission rates, carbon capture and storage potential is extremely high in coal-fired power plants
• North America dominated the market with a revenue share of more than 36.69% in 2022. North America is one of the largest markets for CCS around the world owing to the presence of major countries including the U.S., which accounted for more than 75.0% share in terms of revenue in 2021. The U.S. is the front runner in technology implementation for CCS globally as the first CCS project in the world was started in 1978 by Searles Valley Minerals in a coal-based power plant located in the state of California in the U.S.
• The industrial process segment is expected to register a volume-based CAGR of 7.6% over the forecast period. A significant proportion of Green House Gasses (GHG) is contributed by the industrial sector. Industrial separation targets the capture of CO2 from various industrial sectors such as cement, steel, and oil & gas. Physical properties, gas volume, and composition of flue gases are different for each industry. Hence, a standard industrial separation technology is absent in the market. These custom-made carbon capture solutions result in high implementation costs for this technology

List of Key Players of Carbon Capture And Storage Market

• Aker Solutions
• Dakota Gasification Company
• Equinor ASA
• Fluor Corp.
• Linde plc
• Maersk Oil
• Mitsubishi Heavy Industries Ltd.
• Royal Dutch Shell PLC
• Siemens AG
• Sulzer Ltd.

Access Press Release of Carbon Capture And Storage Market @ https://www.grandviewresearch.com/press-release/global-carbon-capture-storage-ccs-market

Microgrid Market Focusing On The Basis Of Power Source, Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 26 April 2023: The Report Microgrid Market Size, Share & Trends Analysis Report By Power Source (CHP, Fuel Cell), By Product (Grid Connected, Hybrid), By Application (Education, Government), By Region, And Segment Forecasts, 2023 – 2030

The global microgrid market size is anticipated to reach USD 197.88 billion by 2030, expanding at 16.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China, and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution systems as it acts as a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

The rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, the rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Access Research Report of Microgrid Market @ https://www.grandviewresearch.com/industry-analysis/microgrid-market

Microgrid Market Report Highlights

• The global microgrid market size was valued at USD 54.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.3% from 2023 to 2030.
• The Combined Heat & Power (CHP) power source segment dominated the global market and accounted for more than 36.0% of the overall revenue share in 2022. Shifting preference from conventional Separate Heat & Power (SHP) system to energy generation from single fuel is expected to have a substantial impact on the segment growth.
• The grid-connected product segment dominated the global market and accounted for more than 64.0% of the overall revenue share in 2022. The rising popularity of smart micro-grid-connected PV systems to provide electricity to consumers by reducing transmission losses is expected to have a substantial impact.
• North America led the global market and accounted for more than 35.0% of the overall revenue share in 2022. The high adoption rate of captive power generation methods in the industrial and municipal sectors of the U.S. for reducing reliance on the government-controlled power supply is expected to have a substantial impact.

List of Key Players in the Microgrid Market

• ABB
• Siemens AG
• General Electric
• Eaton Corp.
• Exelon
• Honeywell International
• NRG International
• Anarbic
• Pareto
• Spirae
• Northern Power
• Viridity

Access Press Release of Microgrid Market @ https://www.grandviewresearch.com/press-release/global-microgrid-market

Building-integrated Photovoltaics Market is Predicted to Observe a Tremendous Growth, With a CAGR of 20.0% From 2021 To 2028: Grand View Research Inc.

San Francisco, 26 April 2021: The Report Building-integrated Photovoltaics Market Size, Share & Trends Analysis Report By Technology (Crystalline Silicon, Thin Film), By Application (Roofs, Glass), By End Use (Industrial, Commercial), And Segment Forecasts, 2021 – 2028

The global building-integrated photovoltaics market size is expected to reach USD 59.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.0% from 2021 to 2028. The market has witnessed significant product adoption in recent years due to the high aesthetic appeal of integrated solar panels.

Various regulations enacted by the European Commission mandate the size and specifications of the installations to be used for commercial, residential, and industrial applications. Increased efforts taken by the national governments toward the use of renewable sources of energy are likely to drive the market over the forecast period.

Research and development efforts are increasingly being taken in the market in order to improve the efficiency of cells used in BIPV installations. Technological advancements have also led to the introduction of organic photovoltaics with higher bandgap and increased efficiency. Both these factors are expected to result in an increased demand for BIPV over the forecast period.

Companies operate through a well-established distribution network, which enables them to charge a higher price for the installation as compared to manufacturers. BIPV manufacturers are generally forward integrated for the distribution and installation of the modules onto buildings. Market players such as Suntech are involved in the manufacturing of BIPV modules that are supplied to end users. Such companies benefit from higher profit margins due to the elimination of distributors.

Access Research Report of Building-integrated Photovoltaics Market @ https://www.grandviewresearch.com/industry-analysis/building-integrated-photovoltaics-bipv-market

Building-integrated Photovoltaics Market Report Highlights

• By technology, the crystalline silicon segment occupied a dominant position in 2020 owing to the abundant product availability. In addition, C-Si offers high conversion efficiency on a commercial scale, which leads to high demand for the installation
• Based on application, roofs held the largest revenue share in 2020 on account of the ease of product installation, coupled with their high-performance characteristics
• The commercial application segment held a considerable share in 2020. The high emphasis on the aesthetic appeal of solar energy-harnessing systems primarily in commercial establishments is likely to fuel the demand for the product in commercial applications

List of Key Players of Building-Integrated Photovoltaics Market

• AGC Solar
• Belectric
• Heliatek GmbH
• Carmanah Technologies Corp.
• Dyesol Ltd. (Greatcell Solar Ltd.)
• Ertex solartechnik GmbH
• ISSOL SA
• Canadian Solar Inc.
• Onyx Solar Energy S.L.
• Tesla Inc.

Access Press Release of Building-integrated Photovoltaics Market @ https://www.grandviewresearch.com/press-release/global-building-integrated-photovoltaics-bipv-market

Industrial Batteries Market Size Is Poised To Reach USD 27.4 Billion By 2027: Grand View Research Inc.

San Francisco, 5 Aug 2020: The Report Industrial Batteries Market Size, Share & Trends Analysis Report By Battery Type (Lead-acid, Lithium-based), By End Use (Motive Power, Grid-level Energy Storage), By Region, And Segment Forecasts, 2020 – 2027

The global industrial batteries market size is projected to reach USD 27.44 billion by 2027 registering a CAGR of 6.0%, according to a new report by Grand View Research, Inc. High demand for back-up power batteries in grid-level energy storage application for solar and wind power projects will boost the market growth during the forecast period. Moreover, increasing usage of these batteries in various applications, such as UPS and motive power, is anticipated to drive the market. Industrial batteries offer benefits, such as reduction in manufacturing cost, high durability, lower maintenance costs, and low discharge rate capability, which is expected to increase their demand further.

Easy availability of batteries of different specifications and sizes will also augment the market growth. Lead acid batteries are relatively cheaper than other batteries and are can be manufactured using lesser technology equipment, which in turn will drive market their demand in the near future. Increasing investments by major manufacturers coupled with the growing number of renewable energy projects with battery storage capability are likely to drive the market. However, volatility in raw material prices will pose a restraint for the market growth.

Access Research Report of Industrial Batteries Market @ https://www.grandviewresearch.com/industry-analysis/industrial-batteries-market

Industrial Batteries Market Report Highlights

• Lead acid battery segment accounted for the largest market share in 2019. Due to growing power demand, national grids are getting pressurized resulting in the increased demand-supply gap for power, which is eventually driving the demand for battery for back-up systems in industrial applications
• Lithium-based batteries accounted for the second-largest market share in 2019 and is projected to register the highest CAGR during the forecast period
• This growth is attributed to the rising demand for lithium-based batteries as they are cost-effective
• The motive power end-use segment accounted for the largest market share in 2019, whereas grid-level energy storage application is projected to expand at the fastest CAGR during the forecast period
• Asia Pacific is forecasted to witness the highest growth from 2020 to 2027. Rapid expansion of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial batteries in the region
• China is expected to be one of the promising markets in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors
• Major companies in the market have adopted various organic and inorganic growth strategies to expand their product portfolio and geographical footprint

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/construction-and-utilities

Grand View Research has segmented the global industrial batteries market on the basis of battery type, end use, and region:

Industrial Batteries Type Outlook (Revenue, USD Million, 2016 – 2027)

• Lead-acid
• Lithium-based
• Others

Industrial Batteries End-use Outlook (Revenue, USD Million, 2016 – 2027)

• Motive Power
• Telecom & Data Communication
• Uninterruptible Power Supply (UPS)/Backup
• Grid-level Energy Storage

Industrial Batteries Regional Outlook (Revenue, USD Million, 2016 – 2027)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players of Industrial Batteries Market

• Johnson Controls, Inc.
• Exide Technologies, Inc.
• Enersys, Inc.
• Saft Groupe S.A.
• GS Yuasa Corp.
• Northstar Battery Company LLC
• C&D Technologies, Inc.
• Robert Bosch GmbH
• East Penn Manufacturing Co.

Access Press Release of Industrial Batteries Market @ https://www.grandviewresearch.com/press-release/global-industrial-batteries-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

 

Pump Market Expected To Fuel Industry Growth With USD 132.7 Billion By 2025: Grand View Research Inc.

San Francisco, 20 July 2020: The Report Pump Market Size, Share & Trends Analysis Report By Product (Positive Displacement, Centrifugal), By Application (Oil & Gas, Chemicals, Water & Wastewater), By Region, And Segment Forecasts, 2019 – 2025

The global pump market size is projected to reach USD 132.7 billion by 2025, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to the increasing demand for pumps from oil & gas, chemical, and water & wastewater industries.

Increased spending on infrastructural development activities owing to the rapid industrialization in the emerging economies, especially in Asia Pacific and Central & South America, is expected to propel the product demand over the forecast period. Based on product, the market is segmented into centrifugal pump, positive displacement pumps, and others. Centrifugal pumps are the most commonly used product and the segment accounted for a market share of 52.1% in 2018. Positive displacement pump segment is expected to witness significant growth and ascend at a CAGR of 5.6% over the forecast period.

Water & wastewater application segment dominated the market in 2018. The segment is expected to ascend at a CAGR of 5.7% over the forecast period and account for the largest revenue share in 2025. The growth of this segment can be attributed to increased spending by the governments of several countries for the development of water & wastewater infrastructure.

Oil & gas segment is expected to move ahead at a CAGR of 5.6% in terms of revenue over the forecast period. Increasing global demand for crude oil in order to facilitate production centers, overseas logistics, and domestic transport is expected to contribute to offshore and onshore exploration activities in the future. This, in turn, is projected to boost the demand for pumps over the forecast period.

Asia Pacific emerged as the leading regional market and accounted for a revenue share of 46.1% in 2018. The dominant position of Asia Pacific can be attributed to the high demand for pumps in water & wastewater, chemical, and pharmaceutical industries in the region. Asia Pacific market for pumps was followed by Europe and North America in 2018. Europe market for pumps is expected to be valued at USD 26.3 billion by 2025. Water & wastewater sector in Europe is characterized by the presence of stringent regulations owing to various environmental concerns. This is expected to propel the demand for pumps in Europe market over the forecast period.

Access Research Report of Pump Market @ https://www.grandviewresearch.com/industry-analysis/pump-market

Further key findings from the report suggest:

• The global market for pumps is anticipated to be valued at USD 132.7 billion by 2025 owing to the rapid industrialization in developing economies in Asia Pacific and Central and South America
• Centrifugal pump product segment is expected to dominate the global market in 2025. The segment is expected to ascend at a CAGR of 5.3% over the forecast period
• Positive displacement pump segment is expected to grow significantly in Asia Pacific market owing to the increasing demand for peristatic and diaphragm pumps in chemicals, pharmaceutical, and food & beverage end-use industries
• Among the various application segments, water & wastewater is anticipated to emerge as the fastest-growing segment over the forecast period. It is likely to progress at a CAGR of 5.7% over the forecast period
• Key players engaged in the manufacturing of axial flow pumps, which hold a major share in the global axial flow pumps industry include Xylem Inc., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, ITT INC., Sulzer Ltd, KSB SE & Co. KGaA, and Pentair plc.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/construction-and-utilities

Grand View Research has segmented the global pump market on the basis of product, applications, and region.

Product Outlook (Revenue, USD Million, 2014 – 2025)

• Centrifugal Pump
  • Axial Flow Pump
  • Radial Flow Pump
  • Mixed Flow Pump
• Positive Displacement Pump
  • Reciprocating
  • Rotary
  • Others
• Others

Applications Outlook (Revenue, USD Million, 2014 – 2025)

• Oil & Gas
• Chemicals
• Food & Beverage
• Power
• Pharmaceutical
• Water & Wastewater
• Others

Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Pump Market @ https://www.grandviewresearch.com/press-release/global-pump-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Carbon Capture and Storage Market Size Is Poised To Reach USD 8.75 Billion By 2025: Grand View Research Inc.

San Francisco, 15 July 2020: The Report Carbon Capture And Storage (CCS) Market Analysis By Application (EOR, Industrial & Agriculture), By Capture Technology (Pre-Combustion, Industrial, Oxy-Firing & Post-Combustion), Competitive Strategies, And Segment Forecasts, 2018 – 2025

Carbon capture & storage (CCS), also known as ‘carbon capture and sequestration’ or ‘carbon control and sequestration’, is the method of capturing waste CO2 (carbon dioxide) from large point sources; for instance, fossil fuel plants. The captured carbon dioxide is then transferred to a storage space & usually deposited in an underground geological formation, from where it won’t enter the environment. This is a potential way of reducing the contribution of CO2 emissions to the process of global warming and ocean acidification through industries and heating. There is a possibility that the combination of CCS and Biomass to show net negative emissions.

Carbon capture and storage is receiving a lot of support from industries as well as Governments across the world, with the common consensus being that carbon capture and storage goes a long way in delivering deep emissions reductions, particularly in industries such as cement, petrochemicals, fertilizer and steel, which make up for over 20% of the global emissions. The United Kingdom has begun a carbon capture project from the burning of wood. The project, known as Bio Energy with Carbon Capture and Storage (BECCS), is being carried out at the Drax Power Station in North Yorkshire, and is the first such project in Europe.

The Carbon capture and storage market is expected to see high growth in the coming years, with the following factors at play:

• The market is anticipated to be propelled by energy demand and ‘carbon dioxide’ reduction awareness.
• Strict Government regulations with regards to greenhouse gas emissions is also expected to drive the industry forward. Since 1997, there has been a 20-time increase in the number of global laws regarding climate change, which include more than 1200 policies across 164 countries that are responsible for GHG emissions.
• Wide adoption of gas injection for enhanced oil recovery (EOR) in various petroleum reserves worldwide is expected to drive industry demand in the near future.
• Under the Paris agreement, Carbon capture & storage has been recognized as being critical in reaching global climate goals by major climate change bodies such as IPCC and IEA, a factor which would help in enhancing the market attractiveness.
• With growth in the number of oil and gas industries, there is a high chance that the market will be populated further with competitive players.

The carbon capture & storage industry is not without its challenges though, with the complexity of the overall process causing an overall increase in costs. Also, there is no definitive opinion regarding underground carbon dioxide storage being totally secure, with scientists advising a continuous monitoring of the storage areas.

Key participants in the carbon capture & storage market include:

• Linde Engineering
• Aker Solutions
• Sulzer
• Shell CANSLV
• Mitsubishi Heavy Industries, and
• Equinor (formerly Statoil)

Access Blog of Carbon Capture And Storage Market @ https://www.grandviewresearch.com/blog/worlds-largest-carbon-capture-plant-to-open-soon

Recent Developments in Carbon Capture And Storage Market

• In September 2019, the S. Department of Energyannounced a federal funding of USD 110 Million for the purpose of Carbon capture, utilization, and storage, with USD 75 Million reserved for two funding opportunity announcements (FOAs) already announced this fiscal year, while USD 35 Million is for an upcoming FOA.
• In September 2019, Equinorand its partners Shell and Total, announced their involvement in the Northern Lights project, which involves transport, reception and the permanent storage of CO2 on the Norwegian continental shelf. More than 150 people from the 3 organizations have come together for the project, with plans to drill a confirmation well for CO₂ storage in the Johansen formation ready to be undertaken.
• In January 2019, Aker Solutionsreceived its first contract on Northern Lights, with the organization expected to deliver subsea infrastructure equipment for an early well development. The organization is already working at Norcem’s cement factory located in Brevik with regards to engineering and design of a carbon capture plant, which will function as a capture site for the Northern Lights project.

Access Press Release of Carbon Capture And Storage Market @ https://www.grandviewresearch.com/press-release/global-carbon-capture-storage-ccs-market

Gas Pipeline Infrastructure Market is Predicted to Observe a Tremendous Growth, With a CAGR of 3.4% From 2020 To 2027 : Grand View Research Inc.

San Francisco, 11 June 2020: The Report Gas Pipeline Infrastructure Market Size, Share & Trends Analysis Report By Operation (Gathering, Transmission, Distribution), By Application (Compressor, Metering), By Region, And Segment Forecasts, 2020 – 2027

The global gas pipeline infrastructure market size is expected to reach USD 3,228.3 billion by 2027, expanding at a revenue/volume based CAGR of 3.4% over the forecast period, according to a new report by Grand View Research, Inc. Rising natural gas imports along with growing investments in infrastructure and network expansion are likely to strengthen the market demand.

The market is primarily driven by replacement of existing pipeline infrastructure owing to requirement for enhanced safety and emergency response planning. In addition, network expansion across several regions will further provide a major boost to the market growth. For instance, Gazprom invested RUB 5.9 billion on infrastructure expansion in the Sakhalin Region, constructing nine inter-settlement gas pipelines in between 2008-2018.

Technological advancements including smart pipeline pigs, advanced control systems, remotely operated automatic valves, and penetration of IoT integrated devices are likely to enhance the industry outlook. However, increasing gap between demand and supply of skilled manpower is expected to lead to cost overrun and project delays, thereby hampering the market growth.

The companies follow cost-of-service approach to charge transportation tariff from shippers utilizing their assets to transport gas and other liquids. The tolls are designed to allow the industry participants recover capital and operating costs, service debts, and provide a return to its investors. Higher return on investment is expected to positively influence the market growth. Industry participants are further adopting several strategic initiatives to enhance their foothold over the market. For instance, in December 2019, Pembina Pipeline Corporation announced acquisition of Kinder Morgan Canada Limited and U.S. portion of the Cochin pipeline.

Access Research Report of Gas Pipeline Infrastructure Market @ https://www.grandviewresearch.com/industry-analysis/gas-pipeline-infrastructure-market

Gas Pipeline Infrastructure Market Report Highlights

• Gathering pipeline is the fastest growing segment, expanding at a revenue-based CAGR of 3.3% over the forecast period owing to the discovery of new reserves across several regions such as U.S. and China with gathering pipelines transporting gas from the production source to another facility for further refinement or transmission
• Distribution pipeline accumulated the largest revenue share in the operation segment with USD 1,693.78 billion in 2019 owing to growing demand for natural gas in end-use sectors including residential/ commercial segment, gas power plants, and industrial/ manufacturing facilities
• The transmission pipeline segment registered a revenue-based CAGR of 3.2% over the forecast period owing to rising gas pipeline imports and exports all across the world
• The metering station segment is anticipated to attain a significant value of USD 1,856.61 billion by 2027 owing to the requirement for accurate measurements in fiscal metering and custody transfer transactions
• Asia Pacific market is anticipated to witness fastest expansion with a revenue-based CAGR of 3.7% over the forecast period. Rising natural gas consumption in the emerging economies and growing reliance on imports from other regions is positively influencing the market growth in Asia Pacific
• Some of the significant industry participants are Enbridge, Gazprom, TC Energy Corporation, Kinder Morgan, Pembina Pipeline Corporation, Saipem, Engas, Alliance Pipeline, National Oilwell Varco, ChelPipe, and Europipe GmBH.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/construction-and-utilities

Grand View Research has segmented the global gas pipeline infrastructure market on the basis of operation, application, and region:

Gas Pipeline Infrastructure Operation Outlook (Volume, ‘000 Kms; Revenue, USD Billion, 2016 – 2027)

• Gathering
• Transmission
• Distribution

Gas Pipeline Infrastructure Application Outlook (Revenue, USD Billion, 2016 – 2027)

• Compressor Station
• Metering Station

Gas Pipeline Infrastructure Regional Outlook (Volume, ‘000 Kms; Revenue, USD Billion, 2016 – 2027)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East and Africa

Access Press Release of Gas Pipeline Infrastructure Market @ https://www.grandviewresearch.com/press-release/global-gas-pipeline-infrastructure-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Carbon Capture and Storage Market Size Is Poised To Reach USD 8.75 Billion By 2025: Grand View Research Inc.

San Francisco, 9 June 2020: The Report Carbon Capture And Storage (CCS) Market Analysis By Application (EOR, Industrial & Agriculture), By Capture Technology (Pre-Combustion, Industrial, Oxy-Firing & Post-Combustion), Competitive Strategies, And Segment Forecasts, 2018 – 2025

The global carbon capture and storage (CCS) market size value is anticipated to exceed USD 8.75 billion by 2025, according to a new report by Grand View Research, Inc. The rising global energy demand along with the growing awareness towards reducing carbon dioxide emissions in most of the industrial economies is anticipated to drive the CCS market.

Currently, meaningful industrial CO₂ capture is required particularly in the power sector.The increasing adoption of gas injection techniques for enhanced oil recovery (EOR) across several matured petroleum reserves globally is expected to be one of the key factors driving CCS demand.

Enhanced oil recovery (EOR) is expected to account for the highest demand with a net worth estimated to reach over 6.18 billion by 2025. Prevalence of factors such as depleting oil reserves globally coupled with heavy dependence on crude oil imports mainly in the Asia Pacific region is anticipated to be one of the major reasons driving the demand for EOR activities globally.

CCS requirement in high purity industrial applications such as natural gas processing, coal-to-liquid (CTL), ammonia, and hydrogen production facilities holds immense potential for project demonstration. The segment is estimated to witness the fastest growth in terms volume of CO₂ captured. Carbon capture and storage demand in the industrial sector is expected to grow at a CAGR of 6.2% from 2016 to 2025.

Access Research Report of Carbon Capture and Storage Market @ https://www.grandviewresearch.com/industry-analysis/carbon-capture-storage-ccs-market

Further key findings from the report suggest:

• The global CCS demand exceeded 61 million tons in 2015 and is estimated to grow at a CAGR of 6% from 2016 to 2025
• Post-combustion capture technology is anticipated to grow at the highest CAGR of 15.6% from 2016 to 2025
• Pre-combustion capture technology demand in the U.S. is estimated to exceed a total volume of 80 million tons by 2025
• Stringent regulatory framework for cleaner environment coupled with increasing CO₂ injection EOR technique in most of the depleted hydrocarbon basins are expected to be the major factors driving demand in North America
• The Asia Pacific carbon capture and storage industry is expected to grow at the highest CAGR of 9.7% from 2016 to 2024.
• Key players include Shell CANSLV, AkerSolutions, Statoil, Linde Engineering, Mitsubishi Heavy Industries and Sulzer
• ACTL with North West Sturgeon Refinery CO2 Stream in Canada, Future Gen 2.0 Project in U.S.A, Preheat CCS & Don Valley Power Projects in UK are some of the upcoming projects over the next few years

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/construction-and-utilities

Grand View Research has segmented the carbon capture and storage market on the basis of application, capture technology, and region:

Carbon Capture And Storage (CCS) Application Outlook (Volume, Kilo Tons, USD Million, 2014 – 2025)

• Enhanced Oil Recovery (EOR)
• Industrial
• Agriculture

Carbon Capture and Storage (CCS) Capture Technology Outlook (Volume, Kilo Tons, USD Million, 2014 – 2025)

• Pre-Combustion
• Industrial separation
• Oxy-fuel
• Post-combustion

Carbon Capture and Storage (CCS) Regional Outlook (Volume, Kilo Tons, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle east and Africa

Access Press Release of Carbon Capture and Storage Market @ https://www.grandviewresearch.com/press-release/global-carbon-capture-storage-ccs-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com