| Product Code: ETC4485280 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The carbon capture, utilization, and storage (CCUS) market in Saudi Arabia represents the country`s commitment to environmental stewardship and reducing carbon emissions. As a significant player in the energy and petrochemical sectors, Saudi Arabia engagement in CCUS technologies underscores its role in mitigating climate change effects.
The Saudi Arabia Carbon Capture, Utilization, and Storage market is on the rise as carbon capture technologies gain prominence in reducing greenhouse gas emissions. These technologies are essential in mitigating climate change impacts. The growth is fueled by the need for sustainable environmental practices and compliance with emission reduction targets. As Saudi Arabia focuses on environmental sustainability, the demand for carbon capture, utilization, and storage solutions is increasing.
The carbon capture utilization and storage (CCUS) market in Saudi Arabia faces hurdles related to technology scalability, cost efficiency, and market adoption. Overcoming challenges associated with scaling up CCUS technology, achieving cost efficiency, and fostering market adoption of these solutions remain significant hurdles. Additionally, addressing regulatory compliance and ensuring effectiveness in carbon capture pose challenges for market expansion.
The pandemic had a transformative impact on the market in Saudi Arabia. With an increased focus on online banking and financial services, organizations in the banking and finance sector sought comprehensive security solutions to protect customer data and transactions. The crisis underscored the importance of financial security.
Prominent companies in the Saudi Arabia carbon capture, utilization, and storage market include Schlumberger Limited, Baker Hughes, a GE company, and Carbon Engineering Ltd., providing CCUS technologies and services for reducing carbon emissions.
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 Saudi Arabia Carbon Capture, Utilization, and Storage Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Carbon Capture, Utilization, and Storage Market - Industry Life Cycle |
3.4 Saudi Arabia Carbon Capture, Utilization, and Storage Market - Porter's Five Forces |
3.5 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.6 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Saudi Arabia Carbon Capture, Utilization, and Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and regulations promoting carbon capture, utilization, and storage technologies in Saudi Arabia |
4.2.2 Growing awareness and concern about environmental sustainability and climate change among businesses and consumers |
4.2.3 Rising investments in research and development to enhance carbon capture, utilization, and storage technologies in the country |
4.3 Market Restraints |
4.3.1 High initial capital investment required for setting up carbon capture, utilization, and storage facilities |
4.3.2 Lack of developed infrastructure for large-scale implementation of carbon capture, utilization, and storage projects in Saudi Arabia |
4.3.3 Technological challenges and uncertainties associated with the effectiveness and scalability of carbon capture, utilization, and storage solutions |
5 Saudi Arabia Carbon Capture, Utilization, and Storage Market Trends |
6 Saudi Arabia Carbon Capture, Utilization, and Storage Market, By Types |
6.1 Saudi Arabia Carbon Capture, Utilization, and Storage Market, By Service |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Service, 2021-2031F |
6.1.3 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Capture, 2021-2031F |
6.1.4 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.5 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Utilization, 2021-2031F |
6.1.6 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Storage, 2021-2031F |
6.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Chemical Looping, 2021-2031F |
6.2.3 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Solvents & Sorbent, 2021-2031F |
6.2.4 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Bio-Energy CCS, 2021-2031F |
6.2.5 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenues & Volume, By Direct Air Capture, 2021-2031F |
7 Saudi Arabia Carbon Capture, Utilization, and Storage Market Import-Export Trade Statistics |
7.1 Saudi Arabia Carbon Capture, Utilization, and Storage Market Export to Major Countries |
7.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market Imports from Major Countries |
8 Saudi Arabia Carbon Capture, Utilization, and Storage Market Key Performance Indicators |
8.1 Carbon capture efficiency rate |
8.2 Percentage of carbon emissions reduced through utilization and storage projects |
8.3 Investment in research and development for carbon capture, utilization, and storage technologies |
8.4 Number of partnerships and collaborations formed for advancing carbon capture, utilization, and storage initiatives |
8.5 Adoption rate of carbon capture, utilization, and storage technologies by industries in Saudi Arabia |
9 Saudi Arabia Carbon Capture, Utilization, and Storage Market - Opportunity Assessment |
9.1 Saudi Arabia Carbon Capture, Utilization, and Storage Market Opportunity Assessment, By Service, 2021 & 2031F |
9.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Saudi Arabia Carbon Capture, Utilization, and Storage Market - Competitive Landscape |
10.1 Saudi Arabia Carbon Capture, Utilization, and Storage Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Carbon Capture, Utilization, and Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |