| Product Code: ETC4485265 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India carbon capture, utilization, and storage market import shipments demonstrated strong consistent growth from 2020 to 2024, with a notable CAGR of 13.6%. The market particularly accelerated between 2023 and 2024, showcasing a remarkable growth rate of 75.8%. Overall, the market expanded dynamically, indicating a promising upward trend.
The India Carbon Capture Utilization and Storage Market are critical for mitigating greenhouse gas emissions. It involves capturing carbon dioxide from industrial processes and storing or utilizing it. With increasing environmental regulations and corporate sustainability initiatives, this market is poised for growth.
The carbon capture, utilization, and storage market is driven by efforts to mitigate climate change and reduce carbon emissions from industries. As environmental concerns grow, there is a need to capture and store carbon dioxide emissions, creating opportunities for technology providers and service companies in this field.
The development and implementation of carbon capture, utilization, and storage (CCUS) technologies in India face several challenges. Firstly, there`s a significant financial burden associated with setting up and maintaining CCUS infrastructure. The costs are often prohibitively high, and securing funding and investment can be a major hurdle. Additionally, the lack of clear and comprehensive regulatory frameworks for CCUS in India poses challenges, as it can lead to uncertainty in terms of compliance and liability. Furthermore, public acceptance and awareness of CCUS technologies need to be addressed, as there can be concerns about safety, environmental impact, and the long-term effectiveness of such solutions.
The COVID-19 pandemic underscored the significance of environmental sustainability, including carbon capture, but it also presented financial challenges to the India carbon capture utilization and storage market. Delays in project implementation and reduced funding affected the growth rate of the market. However, as governments and industries reevaluate their environmental commitments post-pandemic, there is a renewed focus on carbon capture technologies. Long-term, the market is expected to benefit from these environmental imperatives.
Key Players in the market are Carbon Clean Solutions Pvt Ltd, Siemens Ltd, Linde India Ltd, Alstom India Ltd, Tata Consultancy Services.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Carbon Capture, Utilization, and Storage Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, 2021 & 2031F |
3.3 India Carbon Capture, Utilization, and Storage Market - Industry Life Cycle |
3.4 India Carbon Capture, Utilization, and Storage Market - Porter's Five Forces |
3.5 India Carbon Capture, Utilization, and Storage Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.6 India Carbon Capture, Utilization, and Storage Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 India Carbon Capture, Utilization, and Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing environmental regulations and government initiatives promoting carbon capture, utilization, and storage (CCUS) technologies |
4.2.2 Growing awareness and concerns about climate change and the need for sustainable energy solutions |
4.2.3 Technological advancements and innovation in CCUS technologies driving efficiency and cost-effectiveness |
4.3 Market Restraints |
4.3.1 High initial capital investments required for setting up CCUS infrastructure |
4.3.2 Lack of comprehensive policy frameworks and incentives to accelerate the adoption of CCUS technologies |
4.3.3 Potential challenges in securing long-term financing for CCUS projects |
5 India Carbon Capture, Utilization, and Storage Market Trends |
6 India Carbon Capture, Utilization, and Storage Market, By Types |
6.1 India Carbon Capture, Utilization, and Storage Market, By Service |
6.1.1 Overview and Analysis |
6.1.2 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Service, 2021-2031F |
6.1.3 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Capture, 2021-2031F |
6.1.4 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.5 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Utilization, 2021-2031F |
6.1.6 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Storage, 2021-2031F |
6.2 India Carbon Capture, Utilization, and Storage Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Chemical Looping, 2021-2031F |
6.2.3 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Solvents & Sorbent, 2021-2031F |
6.2.4 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Bio-Energy CCS, 2021-2031F |
6.2.5 India Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Direct Air Capture, 2021-2031F |
7 India Carbon Capture, Utilization, and Storage Market Import-Export Trade Statistics |
7.1 India Carbon Capture, Utilization, and Storage Market Export to Major Countries |
7.2 India Carbon Capture, Utilization, and Storage Market Imports from Major Countries |
8 India Carbon Capture, Utilization, and Storage Market Key Performance Indicators |
8.1 Carbon capture capacity additions in India |
8.2 Number of government-funded CCUS projects initiated |
8.3 Research and development investments in CCUS technologies |
8.4 Carbon offset credits generated through CCUS projects |
8.5 Adoption rate of CCUS technologies by key industries in India |
9 India Carbon Capture, Utilization, and Storage Market - Opportunity Assessment |
9.1 India Carbon Capture, Utilization, and Storage Market Opportunity Assessment, By Service, 2021 & 2031F |
9.2 India Carbon Capture, Utilization, and Storage Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 India Carbon Capture, Utilization, and Storage Market - Competitive Landscape |
10.1 India Carbon Capture, Utilization, and Storage Market Revenue Share, By Companies, 2024 |
10.2 India Carbon Capture, Utilization, and Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |