Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Friday, February 3, 2023 · 615,052,931 Articles · 3+ Million Readers

Carbon Capture, Utilization, And Storage Market Players Accelerate Sustainability (And Beyond) With AI

Carbon Capture, Utilization, And Storage Market 2022 - Global Forecast To 2031

Carbon Capture, Utilization, And Storage Market 2022 - Global Forecast To 2031

The Business Research Company's Carbon Capture, Utilization, And Storage Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

Reports have been updated with the most recent Ukraine-Russia War impact on market growth for all 27+ industries. Reports also provide possible solutions and opportunities for surviving this crisis.”
— The Business Research Company

LONDON, GREATER LONDON, UK, October 24, 2022 /EINPresswire.com/ -- AI’s ability to deliver deep insights into multiple aspects of a company’s carbon footprint and quick cost-cutting offers a promising route to accelerating sustainable transformation and reducing expenses in a time of need. For example, according to BCG studies, the potential overall impact of applying AI to corporate sustainability is between $1.3 - 2.6 trillion in value, generated through additional revenues and cost savings by 2030. Companies are leveraging artificial intelligence to create separation materials for Co2 which are more efficient and can reduce the current costs of carbon capture. In March 2021, IBM turned to AI to accelerate the design and discovery of better polymer membranes to efficiently separate carbon dioxide from flue gases. Using molecular generative AI modeling, IBM identified several hundred molecular structures that could enable more efficient and cheaper alternatives to existing separation membranes for capturing CO2 emitted in industrial processes.

The global carbon capture, utilization, and storage market size is expected to grow from $2.01 billion in 2021 to $3.55 billion in 2026 at a rate of 12.1%. The global carbon capture, utilization, and storage market share is then expected to grow at a CAGR of 13.8% from 2026 and reach $6.79 billion in 2031.    

Read More On The Global Carbon Capture, Utilization, And Storage Market Report
https://www.thebusinessresearchcompany.com/report/carbon-capture-utilization-and-storage-market

Carbon Capture, Utilization, And Storage Market provides financially lucrative opportunities is expected to drive the market going forward. CO2 production through carbon capture costs more than conventional production, making it difficult for companies using this method to compete in the market. However, the increasing carbon price plays a major role in opening up new lucrative opportunities for Carbon Capture, Utilization, And Storage Market. Companies with sustainable practices and products have increased access to various financing options. As carbon pricing increasingly impacts the profitability of these companies and plants, companies that are using CCU technology as leverage have the additional funds to invest in innovation and R&D. For example, in 2022, Stripe, Alphabet, Meta, Shopify and McKinsey are trying to spur the market for carbon capture. They are launching the Frontier initiative, which plans to purchase $925 million worth of permanent carbon removal from companies that are developing the technology over the next nine years in order to boost the carbon capture market.

Major players covered in the global carbon capture, utilization, and storage market industry are Shell plc, Aker Solutions, Linde PLC, Fluor Corporation, Mitsubishi Heavy Industries, Ltd.

TBRC’s carbon capture, utilization, and storage market report is segmented by technology into pre combustion, post combustion, oxy fuel combustion, by service into capture, transportation, utilization, storage, by end use industry into oil & gas, power generation, iron and steel, chemical and petrochemical, cement, others.

Carbon Capture, Utilization, And Storage Market 2022 – By Technology (Pre Combustion, Post Combustion, Oxy Fuel Combustion), By Services (Capture, Transportation, Utilization, Storage), By End-Use Industry (Oil & Gas, Power Generation, Iron and Steel, Chemical and Petrochemical, Cement, Other End-Use Industries), And By Region, Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides a carbon capture, utilization, and storage market overview, forecast carbon capture, utilization, and storage market size and growth for the whole market, carbon capture, utilization, and storage market segments, geographies, carbon capture, utilization, and storage market trends, carbon capture, utilization, and storage market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Carbon Capture, Utilization, And Storage Market Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=6166&type=smp

Not what you were looking for? Here is a list of similar reports by The Business Research Company:

Oil And Gas Global Market Report 2022 – By Type (Oil & Gas Upstream Activities, Oil Downstream Products), By Drilling Type (Offshore, Onshore), ) By Application (Residential, Commercial, Institutions) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/oil-and-gas-global-market-report

Power Generation, Transmission And Control Equipment Global Market Report 2022 – By Type (Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls), By Application (Residential, Commercial, Automotive), By End User Sector (Private, Public) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/power-generation-transmission-and-control-equipment-global-market-report

Iron And Steel Mills And Ferroalloy Global Market Report 2022 – By Type (Ferroalloys, Pig Iron, Crude Steel), By End-User (Automotive, Machinery, Oil and Gas, Construction, Other End-Users) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/iron-and-steel-mills-and-ferroalloy-global-market-report

About The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
TBRC Blog: http://blog.tbrc.info/
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Healthcare Blog: https://healthcareresearchreports.com/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Market Research Products, Services, Solutions For Your Business - TBRC

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release