The new report, now available on ASDReports, on the Carbon Capture & Storage (CCS) Market indicates that despite some headwinds, the global CCS market will achieve a value of $3,338m in 2016.
The lead analyst of the report commented: "The Carbon Capture & Storage (CCS) market is currently facing many barriers. The costs of deployment are high, there are significant gaps in regulation and legal frameworks, and there remains concern over long-term storage and leakage. This is complicated further by a distinct lack of a marketplace for the captured CO2 as emissions legislation is currently too weak and carbon prices are presently too low to incentivize a transition to CCS. This has resulted in project cancellations and delays worldwide.
There is nonetheless significant promise to the market. R&D for the technology is active and the commitments made at the Paris Climate Conference are giving a new impetus to the development of CCS. The multiplication of cap-and-trade schemes in several countries, including China, and the rising demand for CO2 EOR will transform the economics behind CCS Projects. As CCS technology becomes less and less reliant on direct public funding, substantial growth will be seen in North America, Australia, China, as well as parts of Europe, the Middle East and Brazil. However, more effective legislation, large-scale integrated demonstration projects, increased funding opportunities and a higher carbon tax will still be required for the CCS market to reach its full potential."
The 212 page report contains 214 tables, charts and graphs that add visual analysis in order to explain developing trends within the carbon capture & storage market. Visiongain provides forecasts for the period 2016-2026 in terms of Capex, Opex spending and capacity for the global market, as well as for four regions and 11 market spaces (US, Canada, Brazil, UK, Norway, the rest of Europe, China, Australia, the rest of Asia & Oceania, UAE and the rest of Africa & Middle East). The global Carbon Capture & Storage Market is broken down into three submarkets (Carbon capture, carbon transmission and carbon storage) with forecasts and analysis included for the period 2016-2026. The report provides profiles of 22 leading companies operating within the market, and includes an interview with Arup, offering expert insight alongside the analysis.
The Carbon Capture & Storage (CCS) Market 2016-2026 report will be of value to current and future potential investors into the CCS industry, as well as companies and research centers who wish to broaden their knowledge of the CCS industry’s global and regional markets.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Aug 8, 2016