In this report, the United States Carbon Capture and Storage market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.
Increasing carbon emission is expected to propel growth of the U.S. carbon capture and storage market over the forecast period. For instance, according to Energy Statistical Yearbook 2019, in 2018, carbon dioxide emissions in the U.S. increased by 3.1% compared to that in 2017. Moreover, increasing consumption of energy is also expected to aid in growth of the U.S. carbon capture and storage market. For instance, according to Energy Statistical Yearbook 2019, total energy consumption in the U.S. reached 2.3 Gtoe in 2018, registering an increase of 3.5% from 2017.
Initiatives to reduce greenhouse gas emissions are expected to offer lucrative growth opportunities for players in the U.S. carbon capture and storage market. For instance, in December 2019, Schlumberger, a leading oilfield services provider, announced its commitment to setting a science-based target to reduce its greenhouse gas emissions and in line with the defined criteria. Schlumberger will define its reduction target by 2021. Moreover, initiatives to build commercial-scale carbon-capture facilities is also expected to aid in growth of the U.S. carbon capture and storage market. For instance, in January 2020, Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, collaborated with Total for a joint study to assess the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement Plant in Florence, Colorado, U.S.
Increasing investment in carbon sequestration monitoring services is expected to aid in growth of the U.S. carbon capture and storage market. For instance, in September 2020, Pachama, a forest carbon sequestration monitoring service, raised US$ 5 million in funding from high-profile investors, including Amazon and Breakthrough Energy Ventures.
Key Takeaways
- Increasing emission from fossil fuels is expected to propel growth of the U.S. carbon capture and storage market over the forecast period. For instance, according to the Global Carbon Project, emissions from fossil fuel and industry are expected to reach 36.81billion tones of CO2 (GtCO2) in 2019, recording an increase of 0.6% from 2018 levels.
- Major players operating in the U.S. carbon capture and storage market are focused on investment in carbon capture. For instance, in April 2019, Shell announced a program to invest US$ 300 million in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide emissions.
- Major players operating in the U.S. carbon capture and storage market include, GE Energy, Siemens, Honeywell, Mitsubishi Heavy Industries, Shell Cansolv, Alstom Energy, Linde Engineering, ConocoPhillips Company, Statoil ASA, Dakota Gasification, Fluor Corporation, Hitachi, Halliburton, HTCO2 Systems, Carbon Clean Solutions, Summit Carbon Capture, Sasol Limited, Aker Clean Carbon AS, and China HuaNeng Group
Geographically, this report splits the United States market into seven regions:
The West
Southwest
The Middle Atlantic
New England
The South
The Midwest
with sales (volume), revenue (value), market share and growth rate of Carbon Capture and Storage in these regions, from 2018 to 2025 (forecast).
United States Carbon Capture and Storage market competition by top manufacturers/players, with Carbon Capture and Storage sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
GE Energy
Siemens
Honeywell
Mitsubishi Heavy Industries
Shell Cansolv
Alstom Energy
Linde Engineering
ConocoPhillips Company
Statoil ASA
Dakota Gasification
Fluor Corporation
Hitachi
Halliburton
HTCO2 Systems
Carbon Clean Solutions
Summit Carbon Capture
Sasol Limited
Aker Clean Carbon AS
China HuaNeng Group
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Pre-Combustion Carbon Capture
CO2 Capture in Oxy-combustion
Post-Combustion Carbon Capture
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Carbon Capture and Storage for each application, including
Power Generation Industry
Mining Industry
Chemical Industry
Other
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Table of Contents
United States Carbon Capture and Storage Market Report 2019
1 Carbon Capture and Storage Overview
1.1 Product Overview and Scope of Carbon Capture and Storage
1.2 Classification of Carbon Capture and Storage by Product Category
1.2.1 United States Carbon Capture and Storage Market Size (Sales Volume) Comparison by Type (2014-2024)
1.2.2 United States Carbon Capture and Storage Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Pre-Combustion Carbon Capture
1.2.4 CO2 Capture in Oxy-combustion
1.2.5 Post-Combustion Carbon Capture
1.3 United States Carbon Capture and Storage Market by Application/End Users
1.3.1 United States Carbon Capture and Storage Market Size (Consumption) and Market Share Comparison by Application (2014-2024)
1.3.2 Power Generation Industry
1.3.3 Mining Industry
1.3.4 Chemical Industry
1.3.5 Other
1.4 United States Carbon Capture and Storage Market by Region
1.4.1 United States Carbon Capture and Storage Market Size (Value) Comparison by Region (2014-2024)
1.4.2 The West Carbon Capture and Storage Status and Prospect (2014-2024)
1.4.3 Southwest Carbon Capture and Storage Status and Prospect (2014-2024)
1.4.4 The Middle Atlantic Carbon Capture and Storage Status and Prospect (2014-2024)
1.4.5 New England Carbon Capture and Storage Status and Prospect (2014-2024)
1.4.6 The South Carbon Capture and Storage Status and Prospect (2014-2024)
1.4.7 The Midwest Carbon Capture and Storage Status and Prospect (2014-2024)
1.5 United States Market Size (Value and Volume) of Carbon Capture and Storage (2014-2024)
1.5.1 United States Carbon Capture and Storage Sales and Growth Rate (2014-2024)
1.5.2 United States Carbon Capture and Storage Revenue and Growth Rate (2014-2024)
2 United States Carbon Capture and Storage Market Competition by Players/Suppliers
2.1 United States Carbon Capture and Storage Sales and Market Share of Key Players/Suppliers (2014-2019)
2.2 United States Carbon Capture and Storage Revenue and Share by Players/Suppliers (2014-2019)
2.3 United States Carbon Capture and Storage Average Price by Players/Suppliers (2014-2019)
2.4 United States Carbon Capture and Storage Market Competitive Situation and Trends
2.4.1 United States Carbon Capture and Storage Market Concentration Rate
2.4.2 United States Carbon Capture and Storage Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Carbon Capture and Storage Manufacturing Base Distribution, Sales Area, Product Type
3 United States Carbon Capture and Storage Sales (Volume) and Revenue (Value) by Region (2014-2019)
3.1 United States Carbon Capture and Storage Sales and Market Share by Region (2014-2019)
3.2 United States Carbon Capture and Storage Revenue and Market Share by Region (2014-2019)
3.3 United States Carbon Capture and Storage Price by Region (2014-2019)
4 United States Carbon Capture and Storage Sales (Volume) and Revenue (Value) by Type (Product Category) (2014-2019)
4.1 United States Carbon Capture and Storage Sales and Market Share by Type (Product Category) (2014-2019)
4.2 United States Carbon Capture and Storage Revenue and Market Share by Type (2014-2019)
4.3 United States Carbon Capture and Storage Price by Type (2014-2019)
4.4 United States Carbon Capture and Storage Sales Growth Rate by Type (2014-2019)
5 United States Carbon Capture and Storage Sales (Volume) by Application (2014-2019)
5.1 United States Carbon Capture and Storage Sales and Market Share by Application (2014-2019)
5.2 United States Carbon Capture and Storage Sales Growth Rate by Application (2014-2019)
5.3 Market Drivers and Opportunities
6 United States Carbon Capture and Storage Players/Suppliers Profiles and Sales Data
6.1 GE Energy
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Carbon Capture and Storage Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 GE Energy Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.1.4 Main Business/Business Overview
6.2 Siemens
6.2.2 Carbon Capture and Storage Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Siemens Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.2.4 Main Business/Business Overview
6.3 Honeywell
6.3.2 Carbon Capture and Storage Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Honeywell Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.3.4 Main Business/Business Overview
6.4 Mitsubishi Heavy Industries
6.4.2 Carbon Capture and Storage Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Mitsubishi Heavy Industries Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.4.4 Main Business/Business Overview
6.5 Shell Cansolv
6.5.2 Carbon Capture and Storage Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Shell Cansolv Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.5.4 Main Business/Business Overview
6.6 Alstom Energy
6.6.2 Carbon Capture and Storage Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Alstom Energy Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.6.4 Main Business/Business Overview
6.7 Linde Engineering
6.7.2 Carbon Capture and Storage Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Linde Engineering Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.7.4 Main Business/Business Overview
6.8 ConocoPhillips Company
6.8.2 Carbon Capture and Storage Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 ConocoPhillips Company Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.8.4 Main Business/Business Overview
6.9 Statoil ASA
6.9.2 Carbon Capture and Storage Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Statoil ASA Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.9.4 Main Business/Business Overview
6.10 Dakota Gasification
6.10.2 Carbon Capture and Storage Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 Dakota Gasification Carbon Capture and Storage Sales, Revenue, Price and Gross Margin (2014-2019)
6.10.4 Main Business/Business Overview
6.11 Fluor Corporation
6.12 Hitachi
6.13 Halliburton
6.14 HTCO2 Systems
6.15 Carbon Clean Solutions
6.16 Summit Carbon Capture
6.17 Sasol Limited
6.18 Aker Clean Carbon AS
6.19 China HuaNeng Group
7 Carbon Capture and Storage Manufacturing Cost Analysis
7.1 Carbon Capture and Storage Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Carbon Capture and Storage
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Carbon Capture and Storage Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Carbon Capture and Storage Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Carbon Capture and Storage Market Size (Value and Volume) Forecast (2019-2024)
11.1 United States Carbon Capture and Storage Sales Volume, Revenue Forecast (2019-2024)
11.2 United States Carbon Capture and Storage Sales Volume Forecast by Type (2019-2024)
11.3 United States Carbon Capture and Storage Sales Volume Forecast by Application (2019-2024)
11.4 United States Carbon Capture and Storage Sales Volume Forecast by Region (2019-2024)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
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