Global Smart Carbon Market Segments 2024, Forecast To 2033
5 Mar, 2024
The smart carbon market has exhibited rapid growth, increasing from $3.54 billion in 2023 to $4.11 billion in 2024, with a CAGR of 16.1%. Expansion is linked to growing environmental awareness and government regulations on carbon emissions. The market is anticipated to grow to $7.3 billion in 2028, sustaining a CAGR of 15.4%. Key trends include the integration of AI and IoT in smart carbon and carbon capture and utilization.
Global Smart Carbon Market Key Driver
The smart carbon market is growing due to an increase in enhanced oil recovery (EOR) projects. More than 375 EOR projects were operational in 2022, contributing to approximately 2% of global oil production. The use of smart carbon in EOR projects is a key driver propelling the growth of the smart carbon market.
Get A Free Sample Of The Global Smart Carbon Market ReportGlobal Smart Carbon Market Segments
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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the attractive region in the smart carbon market in 2023 The regions covered in the smart carbon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Smart Carbon Industry Players
Aker Solutions ASA; Dakota Gasification Company; Equinor ASA; Fluor Corporation; Linde plc.; A.P. Moller-Maersk Group; Mitsubishi Heavy Industries Ltd.; Shell plc.; Siemens AG; Sulzer Ltd.; Honeywell International Inc.; ExxonMobil Corporation; Trojan Battery Company LLC; Olam International; Carbon Engineering Ltd.; Climeworks; Global Thermostat; Carbon Clean Solutions; Blue Planet; CarbonCure Technologies; Carbon Lighthouse; Charm Industrial; Heliogen; Verdox; Carbon Neutral; Aether Diamonds; Brightmark; Carbon Upcycling Technologies; Planetary Hydrogen; LanzaTech; Newlight Technologies; Svante Inc.; Twelve; Carbon Recycling International; Ecovative Design; Solidia Technologies
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AIOps Smart Carbon Market Overview
Smart carbon refers to carbon neutral method of energy production that utilizes renewable energy in a highly-controlled industrial environment. This can also contribute to CO2 removal, through the increased use of circular carbon, using sustainable biomass and waste.
Smart Carbon Global Market Report 2023 provides data on the global smart carbon market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart carbon market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.