Direct
Air Carbon Capture Technology: Introduction
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Direct air carbon capture is a technology that captures CO2 from
atmospheric air, and provides it in purified form for use or storage. This
technique uses large fans that move ambient air through a filter, using a
chemical adsorbent to produce a pure CO2 stream that could be stored. Direct
air capture technology has significant effect on global CO2 concentrations.
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Demand for energy has been increasing rapidly. Large amount of
fossil fuels is consumed in various industrial processes such as those in
cement, steel, and power generation industries. Combustion of fossil fuels at
such a large scale results in the emission of carbon dioxide and other
greenhouse gases into the atmosphere.
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Increase in amount of these gases in the atmosphere has resulted
in irreversible phenomenon such as climate change and depletion of ozone.
According to the Paris Climate Change Agreement, removal of existing CO2 from
the atmosphere is necessary. Aggressive emission reductions are imperative, and
large-scale carbon removal is also required. This is driving the demand for
direct air carbon capture technology.
Key
Drivers and Restraints of Global Direct Air Carbon Capture Technology Market
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The European Space Agency launched a technology in the early
1990s for expanding space missions by filtering out the exhaled carbon dioxide
out of the air in the space shuttles and stations. Over the past couple of
decades, this technology has undergone massive development, and the technology
today is known as Direct Air Capture (DAC). Researchers and clean energy
companies are increasingly adopting this technology to filter carbon dioxide
and other greenhouse emissions out of the atmospheric air. This has led to
extensive research and development activities in the sector, thereby driving
the direct air capture market.
·
Many fossil fuels are typically used in various industries. This
releases large amount of carbon dioxide and other greenhouse gases in the
atmosphere, resulting in climate change and ozone layer depletion. This drives
the need for an aggressive reduction in greenhouse gas emissions and a
large-scale CO2 removal from the atmospheric air, thereby propelling the demand
for state-of-the-art technologies in the field of direct air carbon capture.
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·
Using direct air carbon capture for oil recovery has the
potential to cancel out the climate mitigation benefits. High expenses
associated with the direct air carbon capture technology may play a pivotal
role in restraining the market.
Direct
Air Carbon Capture Technology: Number of Collectors Segment
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In terms of number of collectors, the global direct
air carbon capture technology market can be classified into less than 10
collectors and more than 10 collectors
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The less than 10 collectors segment dominates the market, while
the more than 10 collectors segment is expected to expand at a higher CAGR
during the forecast period
·
More than 10 collectors are used for collecting CO2, depending
on the configuration of the core and ease of access around the construction
site
COVID-19
Impact on Direct Air Carbon Capture Technology Market
·
Since the beginning of 2020, global economy has been experiencing
a downturn due to the outbreak of COVID-19. The outbreak of Covid-19 is
anticipated to have a significant impact on production and distribution of
direct air carbon capture technology.
·
Governments of several countries have imposed strict lockdowns
to curb the spread of the COVID-19 pandemic. Many manufacturing companies are
either shut down or running low on production capacity.
·
Decrease in industrial activities due to the pandemic has been
adversely impacting the global direct air carbon capture technology market
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Europe
holds Major Share of Direct Air Carbon Capture Technology Market
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In terms of region, the global direct air carbon capture
technology market can be divided into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa
·
Europe dominated the market in 2020. This trend is expected to
continue during the forecast period. Implementation of stringent regulations
regarding carbon emission is driving the market in the region. Currently, three
direct air carbon capture plants are operational in Europe.
·
Switzerland-based Climeworks is the first company to build the
direct air carbon capture plant. The company aims to capture 1% of global CO2
emissions by 2025. In 2017, the company opened the first direct air capture
plant in Zurich, Switzerland. The plant is capable of capturing 900 metric tons
of carbon annually. The carbon dioxide captured was fed to a greenhouse, which
boosted the growth of the plants inside it. In the same year, the company
opened the second plant in collaboration with Reykjavik Energy in Iceland to
capture CO2 from ambient air and store it permanently underground as minerals
in basalt rock formations.
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Key
Manufacturers Operating in Global Direct Air Carbon Capture Technology Market
The global direct air carbon capture technology market was
consolidated in 2020. Major players have prominent presence in developed and
developing countries. Key manufacturers operating in the global direct air
carbon capture technology market include:
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Carbon Engineering, Ltd.
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Skytree
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Climeworks AG
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Soletair Power
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Global Thermostat
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National Energy Technology Laboratory
·
Synhelion
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Sunfire GmbH
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Oak Ridge National Laboratory
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