Europe Carbon Capture Utilization and Storage (CCUS) Market Size, Trends and Insights By Service (Capture, Transportation, Utilization, Storage), By Transportation (Ships, Pipelines, Terminals), By Utilization (E-fuel, E-chemical), By Technology (Pre-combustion Capture, Oxy-fuel combustion Capture, Post-combustion Capture), By End Use Industry (Oil & Gas, Power Generation, Iron & Steel, Chemical & Petrochemical, Cement, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI39958

Published Date: January 2024

Pages: 320+

Category: Technology

Report Snapshot

CAGR: 8.5%
10.68B
2022
13.72B
2023
41.81B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Europe
Largest Market: Europe

Major Players

  • Royal Dutch Shell plc
  • Equinor ASA
  • TotalEnergies SE
  • BP plc
  • Eni S.p.A.
  • Ørsted A/S
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the Europe CCUS Market is expected to record a CAGR of 8.5% from 2023 to 2050. In 2023, the market size is projected to reach a valuation of USD 13.72 Billion. By 2032, the valuation is anticipated to reach USD 41.81 Billion.

The Europe CCUS market involves the capture, utilization, and storage of carbon dioxide emissions, addressing the region’s commitment to ambitious emission reduction targets and sustainable practices.

Shaped by stringent environmental policies, strategic industrial alliances, and technological innovations, key players like Royal Dutch Shell, Equinor, and TotalEnergies invest in advancing CCUS technologies.

With government support, a focus on green recovery, and a growing corporate commitment to net-zero goals, the market thrives in promoting carbon capture as a pivotal solution for mitigating climate change and fostering a low-carbon future in the European energy sector.

Europe CCUS Market – Significant Growth Factors

The Europe CCUS Market presents significant growth opportunities due to several factors:

  • Stringent Emission Reduction Targets: Europe’s commitment to ambitious emission reduction targets, such as the EU’s Green Deal and net-zero by 2050, is a key driver. Governments and industries invest in CCUS to achieve these goals and address climate change.
  • Government Funding and Incentives: Extensive government funding and incentives support the market’s growth. Financial backing and policy frameworks encourage research, development, and large-scale deployment of carbon capture technologies across industries.
  • Technological Advancements: Continuous advancements in CCUS technologies enhance efficiency and reduce costs. Ongoing research and innovation contribute to the scalability and viability of CCUS solutions, attracting investments and driving market growth.
  • Corporate Commitment to Sustainability: Increasing corporate commitments to sustainability, driven by ESG considerations, motivate industries to adopt CCUS technologies as part of comprehensive strategies to reduce carbon footprints and meet environmental targets.
  • Hydrogen Production Integration: The growing emphasis on green hydrogen production presents an opportunity for CCUS integration. Carbon capture technologies play a crucial role in mitigating emissions from hydrogen production, aligning with Europe’s push towards a hydrogen-based economy.
  • Expansion into Industrial Sectors: Opportunities lie in expanding CCUS applications beyond power generation to various industrial sectors, such as manufacturing and refining. Industries seeking to decarbonize operations can adopt CCUS to capture emissions from their processes, aligning with sustainability goals and regulatory requirements.

Europe CCUS Market – Mergers and Acquisitions

The Europe CCUS Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Europe CCUS Market include:

  • In 2023, Carbon Clean collaborates with Samsung Engineering to develop onboard carbon capture solutions for the marine industry. This innovation addresses emissions from shipping in the mid-term, allowing vessels to capture emitted CO2 during operation. This approach bridges the gap until the development and scaling up of low-carbon fuels like green ammonia, methanol, and hydrogen, along with associated onshore infrastructure.
  • In 2023, Carbfix hf. expands globally with a new carbon capture plant in Iceland, set to capture 3,000 tons of carbon annually. The initiative underscores the company’s commitment to sustainable practices, contributing to environmental efforts and fostering carbon capture technology advancements.
  • In 2022, Shell PLC acquires Sprang Energy, a renewable energy firm focused on reducing carbon emissions. The strategic takeover aims to enhance Shell’s carbon capture and storage capabilities, fortifying its commitment to sustainable practices and reinforcing its position in the market.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Europe CCUS Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Europe CCUS Market Digital Transformation Market Carbon Capture Utilization and Storage (CCUS) Market
CAGR 8.5% (Approx) CAGR 17.2% (Approx) CAGR 13.3% (Approx)
USD 41.81 Billion by 2032 USD 4178.7 Billion by 2032 USD 7.5 Billion by 2032

Europe CCUS Market – Significant Threats

The Europe CCUS Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • High Initial Capital Costs: The substantial upfront capital costs required for implementing carbon capture technologies pose a significant threat. Industries may hesitate to invest in CCUS projects due to financial constraints and uncertainty about the economic feasibility of such endeavors.
  • Policy and Regulatory Uncertainties: Evolving and uncertain regulatory frameworks may present a threat to the Europe CCUS market. Frequent changes in policies related to carbon pricing, incentives, and emissions trading systems can create instability and hinder long-term planning for CCUS projects.
  • Public Opposition and Social Acceptance: Public resistance to the storage of captured carbon dioxide, concerns about environmental risks, and issues related to social acceptance can impede the progress of CCUS projects. Overcoming negative perceptions and garnering public support is crucial for success.
  • Competition from Renewable Energy Sources: The increasing prominence of renewable energy sources, such as solar and wind power, poses a threat to CCUS adoption. These alternatives may divert attention and investment away from carbon capture technologies, impacting their market share and growth potential.
  • Limited Infrastructure and Storage Capacity: The lack of sufficient infrastructure, including pipelines and storage facilities, poses a threat to the scalability of CCUS projects. Expanding storage capacity and transportation networks for captured carbon dioxide is essential for the widespread deployment of CCUS technologies.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 13.72 Billion
Projected Market Size in 2032 USD 41.81 Billion
Market Size in 2022 USD 10.68 Billion
CAGR Growth Rate 8.5% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Service, Transportation, Utilization, Technology, End Use Industry and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope Europe
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Service

  • Capture: Involves capturing carbon dioxide emissions from industrial processes and power plants. Advancements in capture technologies, including solvent-based and solid sorbent systems, enhance efficiency. Growing investments in research and development focus on reducing capture costs and improving the overall effectiveness of carbon capture processes.
  • Transportation: Encompasses the transfer of captured carbon dioxide from the capture site to storage or utilization locations. A surge in pipeline infrastructure development supports efficient transportation. Innovations aim to optimize logistics, reduce transportation costs, and ensure secure and environmentally sound carbon dioxide movement.
  • Utilization: Involves converting captured carbon dioxide into valuable products or energy. Increasing focus on green hydrogen production and direct air capture for carbon-neutral fuel. Technological advancements drive diversified utilization applications, including in agriculture, manufacturing, and the production of synthetic fuels.
  • Storage: Involves storing captured carbon dioxide underground to prevent its release into the atmosphere. Growing emphasis on geological storage in depleted oil and gas fields and saline aquifers. Research focuses on enhancing storage integrity, addressing public concerns, and ensuring the long-term safety and security of stored carbon dioxide.

By Transportation

  • Ships: In CCUS, ships transport captured carbon dioxide to storage sites. Typically, liquefied carbon dioxide is shipped via specially designed vessels. Increasing investment in maritime transport for CCUS reflects a trend towards more efficient and cost-effective methods, ensuring the safe and reliable transportation of captured carbon dioxide across European waters.
  • Pipelines: Pipelines play a vital role in transporting captured carbon dioxide from industrial facilities to storage sites, facilitating efficient and continuous flow. A growing trend in pipeline infrastructure development for CCUS, creating an interconnected network to transport captured carbon dioxide, ensuring seamless and rapid transport while minimizing environmental impact.
  • Terminals: Terminals are facilities where captured carbon dioxide is received, stored temporarily, and subsequently distributed for transportation via ships or pipelines. Increasing investment in terminal infrastructure to accommodate the growing demand for CCUS transportation, ensuring efficient handling, storage, and onward distribution of captured carbon dioxide across Europe.

Europe CCUS Market 2023–2032 (By Billion)

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By Utilization

  • E-Fuel: E-fuel, derived from capturing and utilizing carbon emissions, is gaining traction. In Europe, a trend involves using renewable energy to convert captured CO2 into synthetic fuels, addressing energy storage challenges and promoting sustainable alternatives, aligning with the region’s commitment to carbon-neutral practices.
  • E-Chemical: E-chemical utilization in the Europe CCUS market focuses on transforming captured carbon into chemicals, reducing greenhouse gas emissions. A key trend involves the development of innovative processes to convert CO2 into valuable chemical products, fostering sustainable practices and circular economy initiatives in the region.

By Technology

  • Pre-combustion Capture: Pre-combustion capture involves capturing carbon dioxide before the combustion process, often in gasification of fossil fuels. This method separates CO2 from other gases, reducing emissions. Increasing adoption driven by its efficiency in capturing carbon at the source, aligning with stringent emission reduction targets.
  • Oxy-fuel Combustion Capture: Oxy-fuel combustion capture involves burning fuel in oxygen-rich environments, simplifying carbon capture. The resulting flue gas is primarily composed of CO2, facilitating separation and storage. Growing interest due to its potential for high-purity CO2 capture and the feasibility of retrofitting existing facilities.
  • Post-combustion Capture: Post-combustion capture involves capturing CO2 from flue gases after combustion, often in power plants. This method allows for retrofitting existing facilities to reduce emissions. Widely adopted due to its applicability to existing infrastructure, fostering flexibility in implementing carbon capture technologies.

By End Use Industry

  • Oil & Gas: Involves capturing and storing carbon emissions from oil and gas operations. Oil & gas sectors in Europe adopt CCUS for emissions reduction, focusing on enhancing operational sustainability, complying with strict environmental regulations, and contributing to the region’s carbon-neutral targets.
  • Power Generation: Involves capturing and storing carbon emissions from power plants. Power generation sectors adopt CCUS to meet stringent emissions standards, aligning with Europe’s transition to cleaner energy sources and fostering sustainable electricity production.
  • Iron & Steel: Involves capturing and storing carbon emissions from iron and steel manufacturing processes. Iron & steel industries leverage CCUS to reduce emissions, addressing environmental concerns, and complying with regulations while ensuring the sector’s role in Europe’s sustainable industrial landscape.
  • Chemical & Petrochemical: Involves capturing and storing carbon emissions from chemical and petrochemical manufacturing processes. The chemical and petrochemical sectors in Europe adopt CCUS technologies to minimize carbon footprints, meet sustainability goals, and align with evolving environmental regulations for responsible production.
  • Cement: Involves capturing and storing carbon emissions from cement manufacturing. Cement industries in Europe focus on integrating CCUS to mitigate emissions, enhancing environmental performance, and meeting stringent sustainability targets for sustainable and responsible cement production.
  • Others:  Encompasses diverse industries adopting CCUS technologies for emission reduction. Diverse applications of CCUS in sectors like refining, manufacturing, and bioenergy reflect a broadening market scope in Europe, addressing diverse industry needs and contributing to a low-carbon future.

Europe CCUS Market 2023–2032 (By Utilization)

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Competitive Landscape – Europe CCUS Market

The Europe Carbon Capture Utilization and Storage (CCUS) Market is highly competitive, with a large number of manufacturers and retailers operating. Some of the key players in the market include:

  • Royal Dutch Shell plc
  • Equinor ASA
  • TotalEnergies SE
  • BP plc
  • Eni S.p.A.
  • Ørsted A/S
  • ENGIE SA
  • RWE AG
  • Vattenfall AB
  • SSE plc
  • Carbon Clean Solutions Limited
  • Aker Solutions ASA
  • C-Capture Ltd.
  • TechnipFMC plc
  • Linde plc
  • Battery Resourcers Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants like Carbon Clean Solutions and Climeworks are adopting innovative carbon capture technologies to enter the Europe CCUS market. Established key players, including Royal Dutch Shell, Equinor, and TotalEnergies, dominate through substantial investments in research, development, and strategic partnerships. These industry leaders drive innovation by advancing efficient and scalable CCUS solutions.

Royal Dutch Shell, for example, focuses on diverse projects like Northern Lights, enhancing its market presence. Overall, a blend of innovative startups and established giants contributes to the dynamic and evolving landscape of the Europe CCUS market.

Europe CCUS Market 2023–2032 (By Transportation)

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The Europe CCUS Market is segmented as follows:

By Service

  • Capture
  • Transportation
  • Utilization
  • Storage

By Transportation

  • Ships
  • Pipelines
  • Terminals

By Utilization

  • E-fuel
  • E-chemical

By Technology

  • Pre-combustion Capture
  • Oxy-fuel combustion Capture
  • Post-combustion Capture

By End Use Industry

  • Oil & Gas
  • Power Generation
  • Iron & Steel
  • Chemical & Petrochemical
  • Cement
  • Others

Regional Coverage:

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Europe Carbon Capture Utilization and Storage (CCUS) Market, (2023 – 2032) (USD Billion)
    • 2.2 Europe Carbon Capture Utilization and Storage (CCUS) Market: snapshot
  • Chapter 3. Europe Carbon Capture Utilization and Storage (CCUS) Market – Industry Analysis
    • 3.1 Europe Carbon Capture Utilization and Storage (CCUS) Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Stringent Emission Reduction Targets
      • 3.2.2 Government Funding and Incentives
      • 3.2.3 Technological Advancements
      • 3.2.4 Corporate Commitment to Sustainability
      • 3.2.5 Hydrogen Production Integration
      • 3.2.6 Expansion into Industrial Sectors.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Service
      • 3.7.2 Market Attractiveness Analysis By Transportation
      • 3.7.3 Market Attractiveness Analysis By Utilization
      • 3.7.4 Market Attractiveness Analysis By Technology
      • 3.7.5 Market Attractiveness Analysis By End-Use Industry
  • Chapter 4. Europe Carbon Capture Utilization and Storage (CCUS) Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Europe Carbon Capture Utilization and Storage (CCUS) Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Europe Carbon Capture Utilization and Storage (CCUS) Market – Service Analysis
    • 5.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Overview: By Service
      • 5.1.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Share, By Service, 2022 and 2032
    • 5.2 Capture
      • 5.2.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Capture, 2023 – 2032 (USD Billion)
    • 5.3 Transportation
      • 5.3.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Transportation, 2023 – 2032 (USD Billion)
    • 5.4 Utilization
      • 5.4.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Utilization, 2023 – 2032 (USD Billion)
    • 5.5 Storage
      • 5.5.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Storage, 2023 – 2032 (USD Billion)
  • Chapter 6. Europe Carbon Capture Utilization and Storage (CCUS) Market – Transportation Analysis
    • 6.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Overview: By Transportation
      • 6.1.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Share, By Transportation, 2022 and 2032
    • 6.2 Ships
      • 6.2.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Ships, 2023 – 2032 (USD Billion)
    • 6.3 Pipelines
      • 6.3.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Pipelines, 2023 – 2032 (USD Billion)
    • 6.4 Terminals
      • 6.4.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Terminals, 2023 – 2032 (USD Billion)
  • Chapter 7. Europe Carbon Capture Utilization and Storage (CCUS) Market – Utilization Analysis
    • 7.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Overview: By Utilization
      • 7.1.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Share, By Utilization, 2022 and 2032
    • 7.2 E-fuel
      • 7.2.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by E-fuel, 2023 – 2032 (USD Billion)
    • 7.3 E-chemical
      • 7.3.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by E-chemical, 2023 – 2032 (USD Billion)
  • Chapter 8. Europe Carbon Capture Utilization and Storage (CCUS) Market – Technology Analysis
    • 8.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Overview: By Technology
      • 8.1.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Share, By Technology, 2022 and 2032
    • 8.2 Pre-combustion Capture
      • 8.2.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Pre-combustion Capture, 2023 – 2032 (USD Billion)
    • 8.3 Oxy-fuel Combustion Capture
      • 8.3.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Oxy-fuel Combustion Capture, 2023 – 2032 (USD Billion)
    • 8.4 Post-combustion Capture
      • 8.4.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Post-combustion Capture, 2023 – 2032 (USD Billion)
  • Chapter 9. Europe Carbon Capture Utilization and Storage (CCUS) Market – End Use Industry Analysis
    • 9.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Overview: By End Use Industry
      • 9.1.1 Europe Carbon Capture Utilization and Storage (CCUS) Market Share, By End Use Industry, 2022 and 2032
    • 9.2 Oil & Gas
      • 9.2.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Oil & Gas, 2023 – 2032 (USD Billion)
    • 9.3 Power Generation
      • 9.3.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Power Generation, 2023 – 2032 (USD Billion)
    • 9.4 Iron & Steel
      • 9.4.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Iron & Steel, 2023 – 2032 (USD Billion)
    • 9.5 Chemical & Petrochemical
      • 9.5.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Chemical & Petrochemical, 2023 – 2032 (USD Billion)
    • 9.6 Cement
      • 9.6.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Cement, 2023 – 2032 (USD Billion)
    • 9.7 Others
      • 9.7.1 Europe Carbon Capture Utilization and Storage (CCUS) Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 10. Europe CCUS Market – Regional Analysis
    • 10.1 Europe CCUS Market Regional Overview
    • 10.2 Europe CCUS Market Share, by Region, 2022 & 2032 (USD Billion)
    • 10.3. Europe
      • 10.3.1 Europe  CCUS Market, 2023 – 2032 (USD Billion)
        • 10.3.1.1 Europe  CCUS Market, by Country, 2023 – 2032 (USD Billion)
    • 10.4 Europe  CCUS Market, by Service, 2023 – 2032
      • 10.4.1 Europe  CCUS Market, by Service, 2023 – 2032 (USD Billion)
    • 10.5 Europe  CCUS Market, by Transportation, 2023 – 2032
      • 10.5.1 Europe  CCUS Market, by Transportation, 2023 – 2032 (USD Billion)
    • 10.6 Europe  CCUS Market, by Utilization, 2023 – 2032
      • 10.6.1 Europe  CCUS Market, by Utilization, 2023 – 2032 (USD Billion)
    • 10.7 Europe  CCUS Market, by Technology, 2023 – 2032
      • 10.7.1 Europe  CCUS Market, by Technology, 2023 – 2032 (USD Billion)
    • 10.8 Europe  CCUS Market, by End Use Industry, 2023 – 2032
      • 10.8.1 Europe  CCUS Market, by End Use Industry, 2023 – 2032 (USD Billion)
  • Chapter 11. Company Profiles
    • 11.1 Royal Dutch Shell plc
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 Equinor ASA
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 TotalEnergies SE
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 BP plc
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 Eni S.p.A.
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 Ørsted A/S
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 ENGIE SA
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 RWE AG
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 Vattenfall AB
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 SSE plc
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments
    • 11.11 Carbon Clean Solutions Limited
      • 11.11.1 Overview
      • 11.11.2 Financials
      • 11.11.3 Product Portfolio
      • 11.11.4 Business Strategy
      • 11.11.5 Recent Developments
    • 11.12 Aker Solutions ASA
      • 11.12.1 Overview
      • 11.12.2 Financials
      • 11.12.3 Product Portfolio
      • 11.12.4 Business Strategy
      • 11.12.5 Recent Developments
    • 11.13 C-Capture Ltd.
      • 11.13.1 Overview
      • 11.13.2 Financials
      • 11.13.3 Product Portfolio
      • 11.13.4 Business Strategy
      • 11.13.5 Recent Developments
    • 11.14 TechnipFMC plc
      • 11.14.1 Overview
      • 11.14.2 Financials
      • 11.14.3 Product Portfolio
      • 11.14.4 Business Strategy
      • 11.14.5 Recent Developments
    • 11.15 Linde plc
      • 11.15.1 Overview
      • 11.15.2 Financials
      • 11.15.3 Product Portfolio
      • 11.15.4 Business Strategy
      • 11.15.5 Recent Developments
    • 11.16 Battery Resourcers Inc.
      • 11.16.1 Overview
      • 11.16.2 Financials
      • 11.16.3 Product Portfolio
      • 11.16.4 Business Strategy
      • 11.16.5 Recent Developments
    • 11.17 Others.
      • 11.17.1 Overview
      • 11.17.2 Financials
      • 11.17.3 Product Portfolio
      • 11.17.4 Business Strategy
      • 11.17.5 Recent Developments

List Of Figures

Figures No 1 to 34

List Of Tables

Tables No 1 to 7

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Royal Dutch Shell plc
  • Equinor ASA
  • TotalEnergies SE
  • BP plc
  • Eni S.p.A.
  • Ørsted A/S
  • ENGIE SA
  • RWE AG
  • Vattenfall AB
  • SSE plc
  • Carbon Clean Solutions Limited
  • Aker Solutions ASA
  • C-Capture Ltd.
  • TechnipFMC plc
  • Linde plc
  • Battery Resourcers Inc.
  • Others

FAQs

The key factors driving the Market are Stringent Emission Reduction Targets, Government Funding and Incentives, Technological Advancements, Corporate Commitment to Sustainability, Hydrogen Production Integration And Expansion into Industrial Sectors.

The “Capture” category dominated the market in 2022.

The key players in the market are Royal Dutch Shell plc, Equinor ASA, TotalEnergies SE, BP plc, Eni S.p.A., Ørsted A/S, ENGIE SA, RWE AG, Vattenfall AB, SSE plc, Carbon Clean Solutions Limited, Aker Solutions ASA, C-Capture Ltd., TechnipFMC plc, Linde plc, Battery Resourcers Inc., Others.

The market is projected to grow at a CAGR of 8.5% during the forecast period, 2023-2032.

The Europe Carbon Capture Utilization and Storage (CCUS) Market size was valued at USD 13.72 Billion in 2023.

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