Carbon Capture and Storage (CCS) Market Overview (2022 to 2032)

The global carbon capture and storage market is forecast to reach around US$ 4.2 Billion in 2022. With the rising adoption of carbon capture and storage technologies across the world, the overall demand is slated to increase at over 14% CAGR from 2022 to 2032, totaling a valuation of around US$ 9 Billion by 2032.

Report Attributes Details
Estimated Base Year Value (2021) US$ 4.0 Billion
Expected Market Value (2022) US$ 4.2 Billion
Anticipated Forecast Value (2032) US$ 9.0 Billion
Projected Growth Rate (2022 to 2032) 14.0% CAGR

Carbon capture and storage is an innovative technology used for capturing and storing carbon dioxide (CO2) produced during the burning of fossil fuels in electricity generation and industrial processes. The technology can capture around 90% of the CO2 emissions and thus prevents it (CO2) from entering the atmosphere.

The captured CO2 is either then utilized to create valuable products or permanently stored deep underground in geological formations. It is mostly transported through pipelines or ships from carbon capture and storage plants to its destination.

Increasing adoption of carbon capture and storage technologies including pre-combustion, post-combustion, and oxy-fuel combustion, across major industries such as oil and gas and power generation plants, is a major force driving the global capture and storage market.

As global warming and sustainability concerns rise, major fossil fuel-consuming industries are transitioning towards using carbon capture and storage technologies in their facilities.

The large-scale combustion of fossil fuels for a variety of industrial processes results in the emission of greenhouse gases like carbon dioxide. Accumulation of these gases in the atmosphere triggers irreversible phenomena such as ozone depletion, climate change, etc. In order to counter this, industries are employing carbon capture and storage technologies. Adoption of these technologies prevents CO2 from entering the atmosphere and thus helps industries to comply with environmental regulations.

Currently, Carbon capture, utilization and storage (CCUS) facilities around the world have the capacity to capture over 40 MtCO2 each year as per the International Energy Association (IEA).

Countries like the USA and China are emerging as world leaders in carbon capture and storage technologies. These countries have the greatest number of carbon capture storage plants in the world.

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Which are Some Prominent Factors Determining the Growth of Carbon Capture and Storage Market?

Rapid industrialization, the rising need for reducing carbon emissions, the implementation of stringent environmental regulations, and the growing popularity of sustainable technologies are some of the major factors triggering the growth of the carbon capture and storage market.

Climate change has become a major concern for world leaders during the last few years. It has severely affected the lives of people, animals, and the environment all over the world, and compelled countries to take various measures.

The rising need for addressing global warming due to higher emission levels has put carbon capture and storage technologies into the spotlight. The world’s major industries, which are the main contributors to carbon emissions, are increasingly adopting CCS technologies to reduce their carbon footprint. This is providing the impetus to the growth of the carbon capture and storage market and the trend is likely to continue in the foreseeable future.

Governments across the world are launching various initiatives to encourage the adoption of carbon capture and storage technologies. They are constantly implementing new regulations to curb the emission of carbon dioxide from industries and power generation plants. This will continue to ignite the demand for CCS technologies during the forecast period.

The oil and gas industry is emerging as the most ideal destination for carbon capture and storage technologies due to an increasing number of enhanced oil recovery (EOR) projects. According to the International Energy Association’s (IEA’s) database, around 500 thousand barrels of oil are produced daily using CO2-EOR.

During EOR techniques CO2 is injected into the existing oil field, which increases the overall pressure of the oil reservoir and forces the oil toward production wells. Increasing consumption of CO2 in the oil-enhanced oil recovery process is projected to spur the adoption of carbon capture and storage technologies in the oil and gas industry.

Subsequently growing awareness among people in developing and underdeveloped regions regarding the importance of carbon capture and storage technologies for tackling global warming and greenhouse gas emission will further expand the global carbon capture and storage market in the future.

What are the Challenges Faced by Carbon Capture and Storage Industry?

There is no denying the fact that carbon capture and storage technologies have become ideal solutions for reducing carbon emissions. However, the market is still facing some issues that challenge its growth across various regions.

Some of the major factors restraining the growth of the carbon capture and storage market are the high cost associated with CCS technologies (including initial expenses and operational expenditures) and the lack of awareness among people of various developing and underdeveloped regions.

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Will the USA Continue its Dominance in the Global Capture and Storage Market?

According to Future Market Insights, North America spearheaded by the USA will continue to remain the most lucrative market for carbon capture and storage technologies during the forecast period. The North American carbon capture and storage market is driven by the heavy presence of leading end-use industries, increasing demand for clean technologies, rising usage of CO2 in enhanced oil recovery techniques, and a surge in the number of regional market players.

North America has the largest number of carbon capture and storage projects in the world. Countries such as the USA and Canada are generating high demand for carbon capture and storage technologies, as they witness an uptick in enhanced oil recovery operations. According to the International Energy Association (IEA), around 50 new carbon capture projects were announced in the industry and fuel transformation sectors between January 2020 and August 2021 in the USA

Moreover, various initiatives are being taken by the governments of these respective countries to cut carbon emission levels to zero levels. For instance, in 2021, USA president Joe Biden signed an executive order for achieving a 100% carbon-free electricity goal by 2032. This will create lucrative growth avenues within the carbon capture and storage market in the future.

Why is Asia-Pacific Emerging as an Opportunistic Carbon capture and storage Market?

The carbon capture and storage market in Asia Pacific is poised to exhibit stupendous growth over the forecast period, owing to rapid industrialization, rising air pollution levels, and favorable government support.

Most of the Asia Pacific regions still rely on fossil fuels for electricity generation. As a result, the air pollution level in these regions is rising at an alarming rate, compelling power generation plants and other industries to adopt carbon capture and storage technologies.

Leading countries like China and India are constantly launching new carbon capture and storage projects to prevent the emission of greenhouse gases. For instance, in 2021 China’s National Offshore Oil Corp (CNOOC) launched the country’s first offshore carbon capture and storage project in the South China sea.

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Market Competition

Some of the key participants present in the global carbon capture and storage market include ExxonMobil Corporation, Schlumberger, Huaneng, Linde AG, Sulzer, Equinor, NRG, AkerSolutions, Shell, Skyonic Corp., Mitsubishi Hitachi, Fluor, Sinopec

Leading players operating in the carbon capture and storage market are constantly focusing on developing sustainable carbon capture and storage technologies. Besides this, they are joining forces to complete large-scale carbon capture and storage facilities and commercialize CCS technology across attractive regions of Asia, Africa, and the Middle East.

Report Scope

Report Attributes Details
Growth Rate CAGR of 14% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2020
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Technology
  • End-Use Industry
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa
Key Countries Profiled
  • USA
  • Canada
  • Brazil
  • Argentina
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASIAN
  • GCC Countries
  • South Africa
Key Companies Profiled
  • Exxonmobil Corporation
  • Schlumberger
  • Huaneng
  • Linde AG
  • Sulzer
  • Equinor
  • NRG
  • AkerSolutions
  • Shell
  • Skyonic Corp.
  • Mitsubishi Hitachi
  • Fluor
  • Sinopec
Customization Available Upon Request

Key Segments Profiled in the Carbon Capture and Storage Industry Survey

Technology:

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

End-Use Industry:

  • Oil and Gas
  • Coal and Biomass Power Plant
  • Iron and Steel
  • Chemicals
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

Frequently Asked Questions

What is the anticipated growth of the carbon capture and storage market until 2032?

FMI projects the global carbon capture and storage market to expand at a prolific CAGR of around 14.0% through 2032.

Which region is forecast to be the most lucrative for carbon capture and storage market growth?

North America will continue to remain the most lucrative market for carbon capture and storage technologies during the forecast period.

Which are some prominent carbon capture and storage manufacturers?

Schlumberger, Linde AG, Alstom, Sulzer, Shell, Mitsubishi Hitachi, and Sinopec are some prominent carbon capture and storage manufacturers.

Table of Content
1. Executive Summary | Carbon Capture and Storage (CCS) Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity 
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyers
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2017 to 2021
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2022 to 2032
        5.3.1. Pre-Combustion
        5.3.2. Post-Combustion
        5.3.3. Oxy-Combustion
        5.3.4. Industrial Process
    5.4. Y-o-Y Growth Trend Analysis By Technology, 2017 to 2021
    5.5. Absolute $ Opportunity Analysis By Technology, 2022 to 2032
Deep-dive segmentation will be available in the sample on request
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2017 to 2021
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
        6.3.1. Enhanced Oil Recovery
        6.3.2. Industrial
        6.3.3. Agricultural
    6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
    6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
Deep-dive segmentation will be available in the sample on request
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    7.1. Introduction
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
    7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
        7.3.1. North America
        7.3.2. Latin America
        7.3.3. Europe
        7.3.4. East Asia
        7.3.5. South Asia & Pacific
        7.3.6. Middle East and Africa
    7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        8.2.1. By Country
            8.2.1.1. USA
            8.2.1.2. Canada
        8.2.2. By Technology
        8.2.3. By Application
    8.3. Market Attractiveness Analysis
        8.3.1. By Country
        8.3.2. By Technology
        8.3.3. By Application
    8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        9.2.1. By Country
            9.2.1.1. Mexico
            9.2.1.2. Brazil
            9.2.1.3. Rest of Latin America
        9.2.2. By Technology
        9.2.3. By Application
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Technology
        9.3.3. By Application
    9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        10.2.1. By Country
            10.2.1.1. Germany
            10.2.1.2. Italy
            10.2.1.3. France
            10.2.1.4. United Kingdom
            10.2.1.5. Spain
            10.2.1.6. BENELUX
            10.2.1.7. Russia
            10.2.1.8. Rest of Europe
        10.2.2. By Technology
        10.2.3. By Application
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Technology
        10.3.3. By Application
    10.4. Key Takeaways
11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        11.2.1. By Country
            11.2.1.1. China
            11.2.1.2. Japan
            11.2.1.3. South Korea
        11.2.2. By Technology
        11.2.3. By Application
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Technology
        11.3.3. By Application
    11.4. Key Takeaways
12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        12.2.1. By Country
            12.2.1.1. India
            12.2.1.2. ASEAN
            12.2.1.3. Australia and New Zealand
            12.2.1.4. Rest of South Asia & Pacific
        12.2.2. By Technology
        12.2.3. By Application
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Technology
        12.3.3. By Application
    12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        13.2.1. By Country
            13.2.1.1. GCC Countries
            13.2.1.2. Turkey
            13.2.1.3. South Africa
            13.2.1.4. Rest of Middle East and Africa
        13.2.2. By Technology
        13.2.3. By Application
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Technology
        13.3.3. By Application
    13.4. Key Takeaways
14. Key Market Analysis
    14.1. USA
        14.1.1. Pricing Analysis
        14.1.2. Market Share Analysis, 2021
            14.1.2.1. By Technology
            14.1.2.2. By Application
    14.2. Canada
        14.2.1. Pricing Analysis
        14.2.2. Market Share Analysis, 2021
            14.2.2.1. By Technology
            14.2.2.2. By Application
    14.3. Mexico
        14.3.1. Pricing Analysis
        14.3.2. Market Share Analysis, 2021
            14.3.2.1. By Technology
            14.3.2.2. By Application
    14.4. Brazil
        14.4.1. Pricing Analysis
        14.4.2. Market Share Analysis, 2021
            14.4.2.1. By Technology
            14.4.2.2. By Application
    14.5. Germany
        14.5.1. Pricing Analysis
        14.5.2. Market Share Analysis, 2021
            14.5.2.1. By Technology
            14.5.2.2. By Application
    14.6. Italy
        14.6.1. Pricing Analysis
        14.6.2. Market Share Analysis, 2021
            14.6.2.1. By Technology
            14.6.2.2. By Application
    14.7. France
        14.7.1. Pricing Analysis
        14.7.2. Market Share Analysis, 2021
            14.7.2.1. By Technology
            14.7.2.2. By Application
    14.8. United Kingdom
        14.8.1. Pricing Analysis
        14.8.2. Market Share Analysis, 2021
            14.8.2.1. By Technology
            14.8.2.2. By Application
    14.9. Spain
        14.9.1. Pricing Analysis
        14.9.2. Market Share Analysis, 2021
            14.9.2.1. By Technology
            14.9.2.2. By Application
    14.10. BENELUX
        14.10.1. Pricing Analysis
        14.10.2. Market Share Analysis, 2021
            14.10.2.1. By Technology
            14.10.2.2. By Application
    14.11. Russia
        14.11.1. Pricing Analysis
        14.11.2. Market Share Analysis, 2021
            14.11.2.1. By Technology
            14.11.2.2. By Application
    14.12. China
        14.12.1. Pricing Analysis
        14.12.2. Market Share Analysis, 2021
            14.12.2.1. By Technology
            14.12.2.2. By Application
    14.13. Japan
        14.13.1. Pricing Analysis
        14.13.2. Market Share Analysis, 2021
            14.13.2.1. By Technology
            14.13.2.2. By Application
    14.14. South Korea
        14.14.1. Pricing Analysis
        14.14.2. Market Share Analysis, 2021
            14.14.2.1. By Technology
            14.14.2.2. By Application
    14.15. India
        14.15.1. Pricing Analysis
        14.15.2. Market Share Analysis, 2021
            14.15.2.1. By Technology
            14.15.2.2. By Application
    14.16. ASIAN
        14.16.1. Pricing Analysis
        14.16.2. Market Share Analysis, 2021
            14.16.2.1. By Technology
            14.16.2.2. By Application
    14.17. Australia and New Zealand
        14.17.1. Pricing Analysis
        14.17.2. Market Share Analysis, 2021
            14.17.2.1. By Technology
            14.17.2.2. By Application
    14.18. GCC Countries
        14.18.1. Pricing Analysis
        14.18.2. Market Share Analysis, 2021
            14.18.2.1. By Technology
            14.18.2.2. By Application
    14.19. Turkey
        14.19.1. Pricing Analysis
        14.19.2. Market Share Analysis, 2021
            14.19.2.1. By Technology
            14.19.2.2. By Application
    14.20. South Africa
        14.20.1. Pricing Analysis
        14.20.2. Market Share Analysis, 2021
            14.20.2.1. By Technology
            14.20.2.2. By Application
15. Market Structure Analysis
    15.1. Competition Dashboard
    15.2. Competition Benchmarking
    15.3. Market Share Analysis of Top Players
        15.3.1. By Regional
        15.3.2. By Technology
        15.3.3. By Application
16. Competition Analysis
    16.1. Competition Deep Dive
        16.1.1. Aker Solutions
            16.1.1.1. Overview
            16.1.1.2. Product Portfolio
            16.1.1.3. Profitability by Market Segments
            16.1.1.4. Sales Footprint
            16.1.1.5. Strategy Overview
                16.1.1.5.1. Marketing Strategy
                16.1.1.5.2. Product Strategy
                16.1.1.5.3. Channel Strategy
        16.1.2. Carbon Engineering
            16.1.2.1. Overview
            16.1.2.2. Product Portfolio
            16.1.2.3. Profitability by Market Segments
            16.1.2.4. Sales Footprint
            16.1.2.5. Strategy Overview
                16.1.2.5.1. Marketing Strategy
                16.1.2.5.2. Product Strategy
                16.1.2.5.3. Channel Strategy
        16.1.3. Chevron Corporation
            16.1.3.1. Overview
            16.1.3.2. Product Portfolio
            16.1.3.3. Profitability by Market Segments
            16.1.3.4. Sales Footprint
            16.1.3.5. Strategy Overview
                16.1.3.5.1. Marketing Strategy
                16.1.3.5.2. Product Strategy
                16.1.3.5.3. Channel Strategy
        16.1.4. Climeworks AG
            16.1.4.1. Overview
            16.1.4.2. Product Portfolio
            16.1.4.3. Profitability by Market Segments
            16.1.4.4. Sales Footprint
            16.1.4.5. Strategy Overview
                16.1.4.5.1. Marketing Strategy
                16.1.4.5.2. Product Strategy
                16.1.4.5.3. Channel Strategy
        16.1.5. Dakota Gasification Company
            16.1.5.1. Overview
            16.1.5.2. Product Portfolio
            16.1.5.3. Profitability by Market Segments
            16.1.5.4. Sales Footprint
            16.1.5.5. Strategy Overview
                16.1.5.5.1. Marketing Strategy
                16.1.5.5.2. Product Strategy
                16.1.5.5.3. Channel Strategy
        16.1.6. Fluor Corporation
            16.1.6.1. Overview
            16.1.6.2. Product Portfolio
            16.1.6.3. Profitability by Market Segments
            16.1.6.4. Sales Footprint
            16.1.6.5. Strategy Overview
                16.1.6.5.1. Marketing Strategy
                16.1.6.5.2. Product Strategy
                16.1.6.5.3. Channel Strategy
        16.1.7. Global Thermostat
            16.1.7.1. Overview
            16.1.7.2. Product Portfolio
            16.1.7.3. Profitability by Market Segments
            16.1.7.4. Sales Footprint
            16.1.7.5. Strategy Overview
                16.1.7.5.1. Marketing Strategy
                16.1.7.5.2. Product Strategy
                16.1.7.5.3. Channel Strategy
        16.1.8. Halliburton Company
            16.1.8.1. Overview
            16.1.8.2. Product Portfolio
            16.1.8.3. Profitability by Market Segments
            16.1.8.4. Sales Footprint
            16.1.8.5. Strategy Overview
                16.1.8.5.1. Marketing Strategy
                16.1.8.5.2. Product Strategy
                16.1.8.5.3. Channel Strategy
        16.1.9. Hitachi Ltd
            16.1.9.1. Overview
            16.1.9.2. Product Portfolio
            16.1.9.3. Profitability by Market Segments
            16.1.9.4. Sales Footprint
            16.1.9.5. Strategy Overview
                16.1.9.5.1. Marketing Strategy
                16.1.9.5.2. Product Strategy
                16.1.9.5.3. Channel Strategy
        16.1.10. Honeywell International Inc
            16.1.10.1. Overview
            16.1.10.2. Product Portfolio
            16.1.10.3. Profitability by Market Segments
            16.1.10.4. Sales Footprint
            16.1.10.5. Strategy Overview
                16.1.10.5.1. Marketing Strategy
                16.1.10.5.2. Product Strategy
                16.1.10.5.3. Channel Strategy
        16.1.11. Japan CCS Co., Ltd.
            16.1.11.1. Overview
            16.1.11.2. Product Portfolio
            16.1.11.3. Profitability by Market Segments
            16.1.11.4. Sales Footprint
            16.1.11.5. Strategy Overview
                16.1.11.5.1. Marketing Strategy
                16.1.11.5.2. Product Strategy
                16.1.11.5.3. Channel Strategy
        16.1.12. Linde Engineering
            16.1.12.1. Overview
            16.1.12.2. Product Portfolio
            16.1.12.3. Profitability by Market Segments
            16.1.12.4. Sales Footprint
            16.1.12.5. Strategy Overview
                16.1.12.5.1. Marketing Strategy
                16.1.12.5.2. Product Strategy
                16.1.12.5.3. Channel Strategy
        16.1.13. Maersk Oil
            16.1.13.1. Overview
            16.1.13.2. Product Portfolio
            16.1.13.3. Profitability by Market Segments
            16.1.13.4. Sales Footprint
            16.1.13.5. Strategy Overview
                16.1.13.5.1. Marketing Strategy
                16.1.13.5.2. Product Strategy
                16.1.13.5.3. Channel Strategy
        16.1.14. Mitsubishi Heavy Industries
            16.1.14.1. Overview
            16.1.14.2. Product Portfolio
            16.1.14.3. Profitability by Market Segments
            16.1.14.4. Sales Footprint
            16.1.14.5. Strategy Overview
                16.1.14.5.1. Marketing Strategy
                16.1.14.5.2. Product Strategy
                16.1.14.5.3. Channel Strategy
        16.1.15. Shell CANSOLV
            16.1.15.1. Overview
            16.1.15.2. Product Portfolio
            16.1.15.3. Profitability by Market Segments
            16.1.15.4. Sales Footprint
            16.1.15.5. Strategy Overview
                16.1.15.5.1. Marketing Strategy
                16.1.15.5.2. Product Strategy
                16.1.15.5.3. Channel Strategy
        16.1.16. Siemens AG
            16.1.16.1. Overview
            16.1.16.2. Product Portfolio
            16.1.16.3. Profitability by Market Segments
            16.1.16.4. Sales Footprint
            16.1.16.5. Strategy Overview
                16.1.16.5.1. Marketing Strategy
                16.1.16.5.2. Product Strategy
                16.1.16.5.3. Channel Strategy
        16.1.17. Equinor
            16.1.17.1. Overview
            16.1.17.2. Product Portfolio
            16.1.17.3. Profitability by Market Segments
            16.1.17.4. Sales Footprint
            16.1.17.5. Strategy Overview
                16.1.17.5.1. Marketing Strategy
                16.1.17.5.2. Product Strategy
                16.1.17.5.3. Channel Strategy
        16.1.18. Sulzer
            16.1.18.1. Overview
            16.1.18.2. Product Portfolio
            16.1.18.3. Profitability by Market Segments
            16.1.18.4. Sales Footprint
            16.1.18.5. Strategy Overview
                16.1.18.5.1. Marketing Strategy
                16.1.18.5.2. Product Strategy
                16.1.18.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology

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