
Global Carbon Capture, Utilization & Storage Market Analysis & Trends - Industry Forecast to 2030
Description
Global Carbon Capture, Utilization & Storage Market Analysis & Trends - Industry Forecast to 2030
Carbon Capture, Utilization & Storage: Market Size
From $4.62 billion in 2024, the global Carbon Capture, Utilization & Storage market is projected to reach $14.15 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 20.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include escalating demand for co2-eor techniques, surge in usage of captured carbon for enhanced oil recovery operations, and rising focus on reducing co2 emissions.
Global Carbon Capture, Utilization & Storage Market: Market Dynamics
Carbon capture, utilization and storage, or CCUS, is a predominant emissions reduction technology that can be applied across the energy system. Escalating concerns about climate change are responsible for the increasing adoption of carbon capture, utilization & storage (CCUS) to reduce emissions. CCUS captures CO2 via various methods and store or use it to prevent its release into the atmosphere. The use of natural gas and fossil fuels to produce electricity are the major sources of CO2 emissions around the world. CCUS has ability in preventing greenhouse gases from entering the atmosphere.
The oil, gas and coal remain vital for their energy security and economic well-being. Hence, carbon neutrality will require rapid deployment of carbon capture, use, and storage (CCUS) technologies to bridge the gap until innovative, next generation low-, zero-, or negative-carbon technologies are commercialized.
On the other hand, the safety concern at storage sites is likely to obstruct the profit boundaries. In addition, the uninterrupted investments in developing innovative capturing technologies enabling economic operations will further boost for the Carbon Capture, Utilization & Storage market.
Impact of COVID-19 on Carbon Capture, Utilization & Storage
COVID-19 has solely put any effect on the market, which is anticipated to grow at a significant rate in 2024 as well, owing to continuous investment in the field of carbon capture and sequestration. Majorly, the carbon capture, utilization & storage is used across natural gas processing plants and power plants where COVID-19 has imposed a very minimal impact. However, due to lockdown imposed across the globe, it has impacted commercial sectors, such as chemical plants, cement plants, and others, which plays a very small role in the CCUS market. The operations of these plants were not affected by the COVID-19 pandemic; as a result, lockdown imposed due to the pandemic posed very minimal impact on the CCUS market. Moreover, temporary shutdown of commercial sectors, including chemical plant and cement plant, did plunge the industry valuation to some extent in recent past.
By Service
Capture Segment Dominate the Market in 2024
The capture segment made huge revenue in 2024 and growing its prominence during the forecast period. Capture segment holds the majority of the share in the Carbon Capture, Utilization and Storage market as it is the first stage of the Carbon capture, utilization and storage process and involves capturing CO2 from its emission source. It can be applied to any large-scale emission process, such as gas and oil production, and coal-fired power generation plants; and manufacturing industries, such as iron, steel and cement. The price of capturing CO2 is highly dependent on economic, technical, and financial factors associated with the design and operation of the production process, along with the design and operation of the CO2 capture technology. Additionally, the high cost of capturing in the steel, iron, power generation, cement, and other sectors is one of the major factors responsible for the high market share of the capture segment.
By Geography
North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to the presence of multiple large-scale CCS facilities in the US and Canada. Petra Nova Plant, Shute Creek Plant, ENID Fertiliser plant, BPundaryy Dam are some few projects that are being operated in the region. Additionally, the carbon capture, utilization, and storage market in the North American region is anticipated to be driven by increasing environmental concerns across the region. The US Supreme Court proposed a carbon trading scheme, named the US Clean Power Plan which aims at curbing carbon pollution from power plants in the US.
List of the Key Players Profiled in the Market Include:
• Aker Solutions
• Carbicrete
• Carbon Clean
• Carbon Engineering, Ltd.
• Carbonfree Chemicals
• C-Capture Ltd.
• Climeworks Ag
• Electrochaea Gmbh
• Equinor ASA
• Exxon Mobil Corporation
• Fluor Corporation
• General Electric
• Green Mineral
• Halliburton
• Hitachi, Ltd.
• Honeywell International Inc.
• JGC Holdings Corporation
• Linde Plc
• Mitsubishi Heavy Industries, Ltd.
• Newlight Technologies, Inc.
• Royal Dutch Shell Plc
• Schlumberger Limited
• Siemens AG
• Tandem Technical
• Total S.A.
List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others
Table of Contents
200 Pages
- 1 Market Outline
- 1.1 Definition
- 1.2 Market Segmentation & Scope
- 1.3 Market Trends
- 1.4 Regulatory Factors
- 1.5 End User Analysis
- 1.6 Strategic Benchmarking
- 1.7 Opportunity Analysis
- 2 Executive Summary
- 3 Research Methodology and Data Source
- 3.1 Methodology/Research Approach
- 3.1.1 Research Programs/Design
- 3.1.2 Market Size Estimation
- 3.2 Data Source and Assumptions
- 3.2.1 Purchased Database
- 3.2.2 Company Repository
- 3.2.3 Secondary Sources
- 3.2.4 Primary Research
- 3.2.5 List of Assumptions
- 4 Market Overview
- 4.1 Current Trends
- 4.1.1 Growing Adoption of Machine-to-Machine (M2M) Connections
- 4.1.2 Increasing Acceptance of Virtual Networking Architecture in Telecommunications
- 4.1.3 Rapid Growth of Internet of Things (IoT) Technology
- 4.1.4 Growth Opportunities/Investment Opportunities
- 4.2 Drivers
- 4.3 Constraints
- 4.4 Impact of COVID-19
- 5 Market Factor Analysis
- 5.1 Porters Five Forces
- 5.1.1 Bargaining power of suppliers
- 5.1.2 Bargaining power of buyers
- 5.1.3 Threat of substitutes
- 5.1.4 Threat of new entrants
- 5.1.5 Competitive rivalry
- 5.2 Value Chain Analysis/Supply Chain Analysis
- 6 Consumer behaviour analysis/Consumer Research
- 6.1 Consumer trends and preferences
- 6.2 Factors affecting buying decision
- 6.3 Consumer product adoption
- 6.4 Observation & Recommendations
- 7 5G Infrastructure Market, By Communication Infrastructure
- 7.1 Distributed Antenna Network
- DATA TABLE Distributed Antenna Network Market Forecast to 2030 (US$ MN)
- 7.2 Macro Cell
- DATA TABLE Macro Cell Market Forecast to 2030 (US$ MN)
- 7.3 Small Cell
- DATA TABLE Small Cell Market Forecast to 2030 (US$ MN)
- 8 5G Infrastructure Market, By Network Architecture
- 8.1 5G New Radio (NR) Non-Standalone (Long-Term Evolution (LTE) Combined)
- DATA TABLE 5G New Radio (NR) Non-Standalone (Long-Term Evolution (LTE) Combined) Market Forecast to 2030 (US$ MN)
- 8.2 5G Standalone (NR + Core)
- DATA TABLE 5G Standalone (NR + Core) Market Forecast to 2030 (US$ MN)
- 9 5G Infrastructure Market, By Chipset Type
- 9.1 Application-Specific Integrated Circuit (ASIC)
- DATA TABLE Application-Specific Integrated Circuit (ASIC) Market Forecast to 2030 (US$ MN)
- 9.2 Field-Programmable Gate Array (FPGA)
- DATA TABLE Field-Programmable Gate Array (FPGA) Market Forecast to 2030 (US$ MN)
- 9.3 Millimeter Wave Technology Chips
- DATA TABLE Millimeter Wave Technology Chips Market Forecast to 2030 (US$ MN)
- 9.4 Radio Frequency Integrated Circuit (RFIC)
- DATA TABLE Radio Frequency Integrated Circuit (RFIC) Market Forecast to 2030 (US$ MN)
- 10 5G Infrastructure Market, By Operational Frequency
- 10.1 Above 6 GHz
- DATA TABLE Above 6 GHz Market Forecast to 2030 (US$ MN)
- 10.2 mmWave
- DATA TABLE mmWave Market Forecast to 2030 (US$ MN)
- 10.3 Sub 6 GHz
- DATA TABLE Sub 6 GHz Market Forecast to 2030 (US$ MN)
- 10.3.1 Low Band
- DATA TABLE Low Band Market Forecast to 2030 (US$ MN)
- 10.3.2 Mid Band
- DATA TABLE Mid Band Market Forecast to 2030 (US$ MN)
- 11 5G Infrastructure Market, By Network Technology
- 11.1 Fog Computing
- DATA TABLE Fog Computing Market Forecast to 2030 (US$ MN)
- 11.2 Mobile Edge Computing
- DATA TABLE Mobile Edge Computing Market Forecast to 2030 (US$ MN)
- 11.3 Network Function Virtualization (NFV)
- DATA TABLE Network Function Virtualization (NFV) Market Forecast to 2030 (US$ MN)
- 11.4 Software-Defined Networking (SDN)
- DATA TABLE Software-Defined Networking (SDN) Market Forecast to 2030 (US$ MN)
- 12 5G Infrastructure Market, By Component
- 12.1 Hardware
- DATA TABLE Hardware Market Forecast to 2030 (US$ MN)
- 12.1.1 Backhaul & Transport
- DATA TABLE Backhaul & Transport Market Forecast to 2030 (US$ MN)
- 12.1.2 Core Network
- DATA TABLE Core Network Market Forecast to 2030 (US$ MN)
- 12.1.3 Radio Access Network (RAN)
- DATA TABLE Radio Access Network (RAN) Market Forecast to 2030 (US$ MN)
- 12.2 Services
- DATA TABLE Services Market Forecast to 2030 (US$ MN)
- 12.2.1 Consulting
- DATA TABLE Consulting Market Forecast to 2030 (US$ MN)
- 12.2.2 Implementation & Integration
- DATA TABLE Implementation & Integration Market Forecast to 2030 (US$ MN)
- 12.2.3 Support & Maintenance
- DATA TABLE Support & Maintenance Market Forecast to 2030 (US$ MN)
- 12.2.4 Training & Education
- DATA TABLE Training & Education Market Forecast to 2030 (US$ MN)
- 13 5G Infrastructure Market, By End User
- 13.1 Agriculture
- DATA TABLE Agriculture Market Forecast to 2030 (US$ MN)
- 13.2 Automotive
- DATA TABLE Automotive Market Forecast to 2030 (US$ MN)
- 13.3 Commercial
- DATA TABLE Commercial Market Forecast to 2030 (US$ MN)
- 13.4 Energy & Utility
- DATA TABLE Energy & Utility Market Forecast to 2030 (US$ MN)
- 13.5 Enterprise/Corporate
- DATA TABLE Enterprise/Corporate Market Forecast to 2030 (US$ MN)
- 13.6 Government
- DATA TABLE Government Market Forecast to 2030 (US$ MN)
- 13.7 Healthcare Facilities
- DATA TABLE Healthcare Facilities Market Forecast to 2030 (US$ MN)
- 13.8 Industrial
- DATA TABLE Industrial Market Forecast to 2030 (US$ MN)
- 13.9 Public Safety and Defense
- DATA TABLE Public Safety and Defense Market Forecast to 2030 (US$ MN)
- 13.10 Residential
- DATA TABLE Residential Market Forecast to 2030 (US$ MN)
- 13.11 Retail
- DATA TABLE Retail Market Forecast to 2030 (US$ MN)
- 13.12 Smart City
- DATA TABLE Smart City Market Forecast to 2030 (US$ MN)
- 13.13 Transportation & Logistics
- DATA TABLE Transportation & Logistics Market Forecast to 2030 (US$ MN)
- 14 5G Infrastructure Market, By Geography
- 14.1 North America
- DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
- 14.1.1 US
- 14.1.2 Canada
- 14.1.3 Mexico
- 14.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
- 14.2.1 Germany
- 14.2.2 U.K
- 14.2.3 Italy
- 14.2.4 France
- 14.2.5 Spain
- 14.2.6 Rest of Europe
- 14.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
- 14.3.1 China
- 14.3.2 Japan
- 14.3.3 India
- 14.3.4 Australia
- 14.3.5 New Zealand
- 14.3.6 Rest of Asia Pacific
- 14.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
- 14.4.1 Saudi Arabia
- 14.4.2 UAE
- 14.4.3 Rest of Middle East
- 14.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
- 14.5.1 Argentina
- 14.5.2 Brazil
- 14.5.3 Rest of Latin America
- 14.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
- 14.6.1 South Africa
- 14.6.2 Others
- 15 Key Player Activities
- 15.1 Acquisitions & Mergers
- 15.2 Agreements, Partnerships, Collaborations and Joint Ventures
- 15.3 Product Launch & Expansions
- 15.4 Other Activities
- 16 Leading Companies
- 16.1 Affirmed Networks Inc
- 16.2 Airspan Networks
- 16.3 American Tower
- 16.4 AT&T
- 16.5 Ciena Corporation
- 16.6 Cisco Systems
- 16.7 Comba Telecom
- 16.8 CommScope Inc
- 16.9 Ericsson
- 16.10 Extreme Networks
- 16.11 Fujitsu Limited
- 16.12 Hewlett Packard Enterprise
- 16.13 Huawei Technologies Co., Ltd
- 16.14 Junipe
- 16.15 Korea Telecom
- 16.16 Mavenir
- 16.17 NEC Corporation
- 16.18 Nokia Networks
- 16.19 Samsung Electronics Co., Ltd
- 16.20 SK Telecom
- 16.21 Verizon Communications Inc
- 16.22 VMware, Inc
- 16.23 ZTE Corporation
- List of Tables
- Table 1 Global 5G Infrastructure Market By Region, Market Forecast (2022-2030) (US $MN)
- Table 2 Global 5G Infrastructure Market By Communication Infrastructure, Market Forecast (2022-2030) (US $MN)
- Table 3 Global 5G Infrastructure Market By Distributed Antenna Network, Market Forecast (2022-2030) (US $MN)
- Table 4 Global 5G Infrastructure Market By Macro Cell, Market Forecast (2022-2030) (US $MN)
- Table 5 Global 5G Infrastructure Market By Small Cell, Market Forecast (2022-2030) (US $MN)
- Table 6 Global 5G Infrastructure Market By Network Architecture, Market Forecast (2022-2030) (US $MN)
- Table 7 Global 5G Infrastructure Market By 5G New Radio (NR) Non-Standalone (Long-Term Evolution (LTE) Combined), Market Forecast (2022-2030) (US $MN)
- Table 8 Global 5G Infrastructure Market By 5G Standalone (NR + Core), Market Forecast (2022-2030) (US $MN)
- Table 9 Global 5G Infrastructure Market By Chipset Type, Market Forecast (2022-2030) (US $MN)
- Table 10 Global 5G Infrastructure Market By Application-Specific Integrated Circuit (ASIC), Market Forecast (2022-2030) (US $MN)
- Table 11 Global 5G Infrastructure Market By Field-Programmable Gate Array (FPGA), Market Forecast (2022-2030) (US $MN)
- Table 12 Global 5G Infrastructure Market By Millimeter Wave Technology Chips, Market Forecast (2022-2030) (US $MN)
- Table 13 Global 5G Infrastructure Market By Radio Frequency Integrated Circuit (RFIC), Market Forecast (2022-2030) (US $MN)
- Table 14 Global 5G Infrastructure Market By Operational Frequency, Market Forecast (2022-2030) (US $MN)
- Table 15 Global 5G Infrastructure Market By Above 6 GHz, Market Forecast (2022-2030) (US $MN)
- Table 16 Global 5G Infrastructure Market By mmWave, Market Forecast (2022-2030) (US $MN)
- Table 17 Global 5G Infrastructure Market By Sub 6 GHz, Market Forecast (2022-2030) (US $MN)
- Table 18 Global 5G Infrastructure Market By Low Band, Market Forecast (2022-2030) (US $MN)
- Table 19 Global 5G Infrastructure Market By Mid Band, Market Forecast (2022-2030) (US $MN)
- Table 20 Global 5G Infrastructure Market By Network Technology, Market Forecast (2022-2030) (US $MN)
- Table 21 Global 5G Infrastructure Market By Fog Computing, Market Forecast (2022-2030) (US $MN)
- Table 22 Global 5G Infrastructure Market By Mobile Edge Computing, Market Forecast (2022-2030) (US $MN)
- Table 23 Global 5G Infrastructure Market By Network Function Virtualization (NFV), Market Forecast (2022-2030) (US $MN)
- Table 24 Global 5G Infrastructure Market By Software-Defined Networking (SDN), Market Forecast (2022-2030) (US $MN)
- Table 25 Global 5G Infrastructure Market By Component, Market Forecast (2022-2030) (US $MN)
- Table 26 Global 5G Infrastructure Market By Hardware, Market Forecast (2022-2030) (US $MN)
- Table 27 Global 5G Infrastructure Market By Backhaul & Transport, Market Forecast (2022-2030) (US $MN)
- Table 28 Global 5G Infrastructure Market By Core Network, Market Forecast (2022-2030) (US $MN)
- Table 29 Global 5G Infrastructure Market By Radio Access Network (RAN), Market Forecast (2022-2030) (US $MN)
- Table 30 Global 5G Infrastructure Market By Services, Market Forecast (2022-2030) (US $MN)
- Table 31 Global 5G Infrastructure Market By Consulting, Market Forecast (2022-2030) (US $MN)
- Table 32 Global 5G Infrastructure Market By Implementation & Integration, Market Forecast (2022-2030) (US $MN)
- Table 33 Global 5G Infrastructure Market By Support & Maintenance, Market Forecast (2022-2030) (US $MN)
- Table 34 Global 5G Infrastructure Market By Training & Education, Market Forecast (2022-2030) (US $MN)
- Table 35 Global 5G Infrastructure Market By End User, Market Forecast (2022-2030) (US $MN)
- Table 36 Global 5G Infrastructure Market By Agriculture, Market Forecast (2022-2030) (US $MN)
- Table 37 Global 5G Infrastructure Market By Automotive, Market Forecast (2022-2030) (US $MN)
- Table 38 Global 5G Infrastructure Market By Commercial, Market Forecast (2022-2030) (US $MN)
- Table 39 Global 5G Infrastructure Market By Energy & Utility, Market Forecast (2022-2030) (US $MN)
- Table 40 Global 5G Infrastructure Market By Enterprise/Corporate, Market Forecast (2022-2030) (US $MN)
- Table 41 Global 5G Infrastructure Market By Government, Market Forecast (2022-2030) (US $MN)
- Table 42 Global 5G Infrastructure Market By Healthcare Facilities, Market Forecast (2022-2030) (US $MN)
- Table 43 Global 5G Infrastructure Market By Industrial, Market Forecast (2022-2030) (US $MN)
- Table 44 Global 5G Infrastructure Market By Public Safety and Defense, Market Forecast (2022-2030) (US $MN)
- Table 45 Global 5G Infrastructure Market By Residential, Market Forecast (2022-2030) (US $MN)
- Table 46 Global 5G Infrastructure Market By Retail, Market Forecast (2022-2030) (US $MN)
- Table 47 Global 5G Infrastructure Market By Smart City, Market Forecast (2022-2030) (US $MN)
- Table 48 Global 5G Infrastructure Market By Transportation & Logistics, Market Forecast (2022-2030) (US $MN)
- NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.
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