Direct Air Carbon Capture Technology is used to capture carbon dioxide directly from the surrounding air and converting carbon dioxide to fuels and other chemicals to improve the environmental conditions and climate change.
Market Segmentation
Enhance oil recovery (EOR) Accounted for Considerable Market Share
Based on the Application, Enhance Oil Recovery (EOR) accounted for considerable market share in the Global Direct Air Carbon Capture Technology Market in the past few years due to increasing investments by the energy industry in DAC (Direct Air Capture) projects to upscaling in capacity and scale down in costs. Besides this, CO2 is a displacing agent for the enhancement of oil recovery techniques. The storage of CO2, particularly in transportation pipelines of oil & gas industries, is another crucial factor likely to fuel the overall market growth in the coming years, reveals MarkNtel Advisors in their research report, “Global Direct Air Carbon Capture Technology Market Analysis, 2021.”
Market Opportunities
According to MarkNtel Advisors’ research report, “Global Direct Air Carbon Capture Technology Market Analysis, 2021”, the market is likely to grow at a significant CAGR during 2021-26F due to the increasing inclination of governments worldwide to curb GHG and CO2 emissions. The technology captures and stores CO2, which can be well-used to enhance oil recovery or make products, such as chemicals, fuels, and cement. The adoption of carbon-neutral targets by countries to achieve net-zero greenhouse gas emissions by 2050 and the adoption of technology for customers across industries has propelled the market growth.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Direct Air Carbon Capture Technology market include Carbon Engineering, Ltd., Skytree, Climeworks AG, Oak Ridge National Laboratory, Soletair Power, Global Thermostat LLC, National Energy Technology Laboratory, Synhelion, Infinitree LLC., etc.
Key Questions Answered in the Market Research Report:
- What are the overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Direct Air Carbon Capture Technology Market?
- What are the region-wise industry size, growth drivers, and challenges key market trends?
- What are the key innovations, technology upgrades, opportunities, regulations in the Global Direct Air Carbon Capture Technology Market?
- Who are the key competitors or market players, their key strengths & weaknesses, and how do they perform in Global Direct Air Carbon Capture Technology Market based on the competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during the Global Direct Air Carbon Capture Technology Market study?
Market Outlook, Segmentation and Statistics
- Impact of COVID-19 on Global Direct Air Carbon Capture Technology Market
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Collectors
- Less than 10 collectors
- More than 10 collectors
- By Application
- Enhance oil recovery (EOR)
- Industrial
- Agriculture
- Others
- By Region
- North America Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- The US Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Canada Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Mexico Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- South America Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Brazil Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Argentina Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Europe Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- The UK Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Germany Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- France Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Spain Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Italy Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Middle East & Africa Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- South Africa Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- UAE Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Saudi Arabia Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Asia-Pacific Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- China Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Japan Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- India Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- South Korea Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- Australia Direct Air Carbon Capture Technology Market Outlook, 2016-2026F (USD Million), (Million Units)
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- Global Direct Air Carbon Capture Technology Market Regulations, Policies, Product Benchmarks
- Global Direct Air Carbon Capture Technology Market Hotspots & Opportunities
- Global Direct Air Carbon Capture Technology Market Customer Buying Behavior Analysis
- Competition Outlook
- Competitor Wise Growth Strategies
- Company Profiles
Frequently Asked Questions:
Q. What are historical, base, and forecast years considered in the research report on Global Direct Air Carbon Capture Technology Market?
The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.
Q. What are the units or denominations for measuring market value in the report?
The measuring units of market size/industry size or the market value are USD Million.
Q. What would be the growth rate or CAGR of the Global Direct Air Carbon Capture Technology Market during 2021-26?
The Global Direct Air Carbon Capture Technology Market shall witness around 15% CAGR during 2021-26.
Q. Who are the key competitors or players operating in Global Direct Air Carbon Capture Technology Market?
Carbon Engineering, Ltd., Skytree, Climeworks AG, Oak Ridge National Laboratory, Soletair Power, Global Thermostat LLC, National Energy Technology Laboratory, Synhelion, Infinitree LLC., are a few leading players in the Global Direct Air Carbon Capture Technology Market.
Q. Which application segment would emerge as an opportunity area for players in Global Direct Air Carbon Capture Technology Market?
Agriculture is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Direct Air Carbon Capture Technology Market?
Asia-Pacific continues to grow at the highest CAGR, thereby presenting immense opportunities to market players of the Global Direct Air Carbon Capture Technology Market.
