The global Carbon Capture Storage Market size was USD 5.21 Billion in 2022 and is expected to reach USD 12.48 Billion in 2032, and register a rapid revenue CAGR of 10% during the forecast period.
Rising adoption of laws and regulations by governments throughout the world to minimize Greenhouse Gas (GHG) emissions is a key factor driving market revenue growth. CCS technology helps to capture and store Carbon Dioxide (CO2) produced during the burning of fossil fuels in electricity generation and industrial processes. For instance, the Green Deal of European Union (EU) seeks to cut GHG emissions by 55% by 2030, while China has set a target of becoming carbon neutral by 2060.
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Major Companies:
- Shell
- Chevron Corporation
- ExxonMobil Corporation
- BP
- ConocoPhillips
- Schlumberger Limited
- Aker Solutions
- Mitsubishi Heavy Industries Ltd.
- Air Products and Chemicals Inc.
- Linde Group
Key questions addressed in the report:
- What is the expected market size of the global Carbon Capture Storage market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Carbon Capture Storage market?
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Carbon Capture Storage Market Segmentation:
By Technology Outlook:
- Post-combustion
- Pre-combustion
- Oxy-fuel combustion
By Application Outlook:
- Enhanced Oil Recovery
- Industrial Processes
- Power Generation
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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