Smart Carbon Market Key Drivers, Insights, Outlook, Overview And Market Research Report 2024-2033

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Smart Carbon Market Key Drivers, Insights, Outlook, Overview And Market Research Report 2024-2033

The Smart Carbon by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/smart-carbon-global-market-report

According to The Business Research Company’s Smart Carbon, The smart carbon market size has grown rapidly in recent years. It will grow from $3.54 billion in 2023 to $4.11 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to growing environmental awareness, government regulations on carbon emissions, rising global carbon footprint, increasing public pressure on businesses, growth in renewable energy adoption.

The smart carbon market size is expected to see rapid growth in the next few years. It will grow to $7.3 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to global commitment to carbon neutrality, increased investment in carbon capture, rise in carbon pricing mechanisms, expansion of carbon trading markets, increasing carbon disclosure requirements. Major trends in the forecast period include integration of ai and iot in smart carbon, carbon capture and utilization (ccu), integration with iot and sensors, carbon storage and sequestration, carbon offsetting programs, carbon removal technologies.

An increase in the number of enhanced oil recovery (EOR) projects is significantly contributing to the growth of the smart carbon market going forward. Enhanced oil recovery refers to extracting remaining oil from oil reservoirs through the injection of gasses and chemicals like carbon dioxide (CO2). Oil production can be increased through EOR, by injecting CO2 into an existing oil field, EOR techniques raise the reservoir's total pressure, forcing oil toward production wells, as a result, an increase in the number of enhanced oil recoveries increases the demand for the smart carbon market. For instance, in 2022, according to MDPI(Multidisciplinary Digital Publishing Institute), a Switzerland-based publisher of open-access scientific journals, more than 375 EOR projects were in operation, accounting for about 2% of global oil production. Therefore, an increase in the number of enhanced oil recovery (EOR) projects drives the smart carbon market.

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The smart carbon market covered in this report is segmented –

1) By Type: Chemical Looping Combustion (CLC), Solvents and Sorbents, Bio-Energy CCS (BECCS), Direct Air Capture (DAC)

2) By Source: Oil and Gas, Power Generation, Chemicals and Petrochemicals, Cement, Iron and Steel, Other Sources

3) By Application: Urea Manufacturing, Synthetic Fuel, Chemical Production, Building Aggregates, Dry Ice, Other Applications

Top Major Players:

Aker Solutions ASA
Dakota Gasification Company
Equinor ASA
Fluor Corporation
Linde plc.

North America was the attractive region in the smart carbon market in 2023.

Technological advancement is the key trend gaining popularity in the smart carbon market. Major companies operating in the smart carbon market are focusing on developing new technologies to capture carbon from the atmosphere and from fossil fuel emissions. For instance, in June 2022, Ecospray, an Italy-based technology-as-a-service company, launched three innovative carbon capture technologies that include the reduction of CO2 emissions through the use of amines, calcium hydroxide, or molten carbonate fuel cells. These are implemented in different contexts for the maritime industry. Factors such as the size and type of ship, the route it sails, and the space available on board have a major effect on the scope of the application.

The smart carbon market report table of contents includes:

1. Executive Summary

2. Smart Carbon Market Characteristics

3. Global Smart Carbon Market Trends And Strategies

4. Smart Carbon Market - Macro Economic Scenario

5. Global Smart Carbon Market Size and Growth

…….

26. Global Smart Carbon Market Competitive Benchmarking

27. Global Smart Carbon Market Competitive Dashboard

28. Key Mergers and Acquisitions Smart Carbon Market

29. Smart Carbon Market Future Outlook and Potential Analysis

30. Appendix

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Global Carbon Verification Market Is Estimated To Witness High Growth Owing To Increasing Environmental Concerns

Anjali CMI 2023-09-07

The global Carbon Verification Market is estimated to be valued at US$ 12. Economic: The global carbon verification market is driven by economic factors such as the increasing adoption of corporate social responsibility initiatives by companies. Key Takeaways:1: The global Carbon Verification Market Demand is expected to witness high growth, exhibiting a CAGR of 26% over the forecast period, due to increasing environmental concerns. 2: The Asia-Pacific region is expected to be the fastest-growing and dominating region in the global carbon verification market. In conclusion, the global carbon verification market is experiencing significant growth due to increasing environmental concerns and the need for organizations to measure, report, and reduce their carbon emissions.

Navigating the Path to a Low-Carbon Economy: The Significance of Climate and Carbon Finance

Anjali Pawar 2023-07-11

As we navigate the path towards a low-carbon economy, climate and carbon finance play a significant role in enabling the transition. Furthermore, climate and carbon finance assist developing countries in building climate resilience and adapting to the impacts of climate change. By bridging the gap between financial resources and climate objectives, climate and carbon finance accelerate the transition to a low-carbon economy, ensuring a sustainable and prosperous future for all. The mechanisms of carbon pricing facilitate the transition to a low-carbon economy by promoting responsible carbon management and encouraging the adoption of sustainable practices. By incorporating the true cost of carbon emissions, carbon pricing becomes a powerful tool in the fight against climate change.

Carbon Offset Market Is Estimated To Witness High Growth Owing To Increasing Awareness About Environmental Sustainability

Vaishnavi Kashid 2023-09-12

The global Carbon Offset Market is estimated to be valued at US$ 414. The need for carbon offset products is increasing as businesses and consumers prioritize environmental sustainability and aim to achieve carbon neutrality. Additionally, individuals are also taking personal responsibility for their carbon emissions and offsetting them through various carbon offset programs. , NativeEnergy, ClimatePartner, Carbon Credit Capital, Terrapass, Renewable Choice Energy, Gold Standard, Offsetters, South Pole Group, Veridium, Cool Effect, ClimateCare, MyClimate, Forest Carbon, and Verified Carbon Standard. In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the carbon offset market. , NativeEnergy, ClimatePartner, Carbon Credit Capital, Terrapass, Renewable Choice Energy, Gold Standard, Offsetters, South Pole Group, Veridium, Cool Effect, ClimateCare, MyClimate, Forest Carbon, and Verified Carbon Standard.

Global Activated Carbon Market Growth to be Propelled by Growing Concern Related to Environment and Regulations Imposed by the Government by CAGR of ~5% During 2022 – 2031

mark smith 2022-08-05

Kenneth Research published a report titled “Activated Carbon Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global activated carbon market in terms of market segmentation by application, product type, and by region. The global activated carbon market is estimated to grow at a CAGR of ~5% over the forecast period, i. There has been growing concern related to the environment and regulations imposed by the government that are expected to boost the growth of the global activated carbon market. In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. Moreover, the increasing awareness related to activated carbon for the purification of water to provide safe water to people is expected to drive the growth of the global activated carbon market.

Building Materials and Construction Contributing Large Share

Pooja Khodke 2023-11-10

The global Carbon Offset Market is estimated to be valued at US$ 414. Among these, the industrial segment captured over 50% market share in 2022 owing to large scale industrial operations across manufacturing and production units. - Regionally, North America dominated the carbon offset market with over 35% share in 2023 due to early adoption of carbon offset programs in the US and Canada. Europe followed North America in the carbon offset space with nearly 30% share supported by EU's Emissions Trading System. and NativeEnergy captured significant market share owing to their expertise in carbon offset project development and portfolio management.

Carbon Capture and Storage Market: Financing and Investment Trends

Ben Wood 2023-08-01

The advancement of carbon capture and storage (CCS) technologies heavily relies on sufficient financing and strategic investments. The complexity and scale of CCS projects often require significant funding, making financing and investment trends crucial factors in driving the growth of the CCS market. As the carbon capture and storage market matures, innovative financial mechanisms are emerging to attract more investments. The COVID-19 pandemic has also influenced financing and investment trends in the Carbon Capture and Storage Market. In conclusion, the future of the carbon capture and storage market depends on securing adequate financing and attracting strategic investments.

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