Growth Opportunities for Digital Technology in Carbon Capture, Utilization, and Storage (CCUS)

Growth Opportunities for Digital Technology in Carbon Capture, Utilization, and Storage (CCUS)

Technology Strategy and Upcycling Support the Transition to Carbon Neutrality

RELEASE DATE
06-Sep-2022
REGION
Global
Deliverable Type
Market Research
Research Code: K765-01-00-00-00
SKU: EG02260-GL-MT_26884
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Description

Carbon capture, utilization, and storage (CCUS) will have a huge role to play in the global decarbonization trend of industries. As energy transition speeds up and impending deadlines for the carbon neutrality approach, the CCUS market will present dynamic growth opportunities across regions and industrial sectors until 2030.

In addition to the tremendous increase in CCUS investments, the demand for digital tools and solutions to drive process efficiency and safety is emerging. In this study, digital solutions for CCUS are categorized into 7 application layers: process optimization, maintenance support, energy management, asset integrity support, asset performance management (APM), remote services, and managed services.

All of these applications will gain traction as CCUS takes off and drives the decarbonization of hard-to-abate industries, such as coal-fired power plants, cement manufacturing, iron and steel, fertilizers, and chemical production by retrofitting the existing plants. To have a larger, long-term impact on decarbonization strategies, negative emission technologies, such as bioenergy CCS (BECCS) and direct air CCS (DACCS) should be deployed.

CCUS hubs will play a significant role by integrating various industrial clusters within the ecosystem and lower cost and operational risks. Innovation will focus on cost reduction, technology optimization, modularization, and new business models.

This study gives a comprehensive analysis of the global CCUS digital solutions market to 2030, including forecasts for revenues, carbon capture capacity, regional splits, trends by industry, competitive analysis, and growth opportunity identification.

Author: Mahesh Radhakrishnan

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Digital Technology in CCUS

Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Environment

Growth Environment for Digital Technology in CCUS

Scope of Analysis

Segmentation by Value Chain

Segmentation by Application

Application of Digital Solutions across the CCUS Value Chain

Key Competitors

Key Competitors (continued)

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Application

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Value Chain

Competitive Environment

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Metrics

Revenue and Annual Capacity Forecast

Revenue Forecast by Value Chain

Revenue Forecast by Region

Forecast Analysis

Growth Opportunity 1: Process Optimization to Measure, Manage, and Monitor the Entire CCUS Value Chain

Growth Opportunity 1: Process Optimization to Measure, Manage and Monitor the Entire CCUS Value Chain (continued)

Growth Opportunity 2: Maintenance Support for Managing the Asset Cost effectively and Reduce Downtime

Growth Opportunity 2: Maintenance Support for Managing the Asset Cost effectively and Reduce Downtime (continued)

Growth Opportunity 3: Energy Management to Efficiently Monitor Energy Consumption

Growth Opportunity 3: Energy Management to Efficiently Monitor Energy Consumption (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Carbon capture, utilization, and storage (CCUS) will have a huge role to play in the global decarbonization trend of industries. As energy transition speeds up and impending deadlines for the carbon neutrality approach, the CCUS market will present dynamic growth opportunities across regions and industrial sectors until 2030. In addition to the tremendous increase in CCUS investments, the demand for digital tools and solutions to drive process efficiency and safety is emerging. In this study, digital solutions for CCUS are categorized into 7 application layers: process optimization, maintenance support, energy management, asset integrity support, asset performance management (APM), remote services, and managed services. All of these applications will gain traction as CCUS takes off and drives the decarbonization of hard-to-abate industries, such as coal-fired power plants, cement manufacturing, iron and steel, fertilizers, and chemical production by retrofitting the existing plants. To have a larger, long-term impact on decarbonization strategies, negative emission technologies, such as bioenergy CCS (BECCS) and direct air CCS (DACCS) should be deployed. CCUS hubs will play a significant role by integrating various industrial clusters within the ecosystem and lower cost and operational risks. Innovation will focus on cost reduction, technology optimization, modularization, and new business models. This study gives a comprehensive analysis of the global CCUS digital solutions market to 2030, including forecasts for revenues, carbon capture capacity, regional splits, trends by industry, competitive analysis, and growth opportunity identification. Author: Mahesh Radhakrishnan
More Information
Deliverable Type Market Research
Author Mahesh Radhakrishnan
Industries Energy
No Index No
Is Prebook No
Keyword 1 CCUS market
Keyword 2 carbon capture ccus
Keyword 3 Global Carbon Capture
Podcast No
WIP Number K765-01-00-00-00