Frank Ma shares a short post and link to a white paper on the market for pumps and systems in carbon capture and storage.
How will carbon capture and storage (CCS) shape the future of pumps and flow control? JFMA Consulting, LLC’s recently released white paper, Centrifugal Pumps Market Outlook in CCS, explores how this market could develop and the growth opportunities it presents for the industry.
Pumps and systems could account for ~10% of total CCS facility costs and play a critical role enabling CCS deployment. In the report’s base case scenario, the market could exceed $2 billion by 2040 with cagr of ~25%. This presents an attractive growth opportunity for pump companies. The report includes detailed market outlook to 2040 under two growth scenarios, insights into observed strategies of pump OEMs and service companies, and recommendations for gaining a competitive advantage.
Learn more about how this market and download the free white paper here: