
Carbon Capture and Storage Market, By Technology (Pre-combustion, Post-combustion, and Oxy-fuel Combustion), By Application (Oil and Gas, Power Generation, Iron and Steel, Chemical and Petrochemical, Cement, and Others), By Service (Capture, Transportatio
Description
The carbon capture and storage market is estimated to be valued at US$ 6.73 Bn in 2025 and is expected to reach US$ 15.46 Bn by 2032, growing at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2032.
Report Description:
Carbon capture and storage (CCS) is a set of technologies that can greatly reduce carbon dioxide (CO2) emissions from industrial processes like electricity generation and manufacturing. CCS involves capturing CO2 from large point sources like fossil fuel power plants, transporting it via pipelines or ships, and storing it in deep geological formations so that it does not enter the atmosphere.
By deploying CCS at coal- and gas-fired power plants and industrial operations, companies can significantly curb their greenhouse gas emissions. This enables them to continue using fossil fuels as an energy source while transitioning to cleaner alternatives. CCS thus represents a transitional technology that could play a key role in achieving long-term climate goals and reducing reliance on coal power in the coming decades.
Market Dynamics:
The global carbon capture and storage market is driven by stringent government mandates and carbon emission reduction targets set forth in the Paris Agreement. Many countries are implementing policies like carbon pricing and incentives for carbon capture projects in high-emitting industries. However, high costs associated with CCS technology development and deployment act as a major restraint. The complete cost of a fully-integrated CCS project amounts to billions of dollars. Moreover, uncertainty over long-term carbon storage and unclear regulations pose challenges. On the positive side, increasing focus on lowering the levelized cost of electricity from fossil fuels through CCS presents an opportunity. Several pilot projects and demonstrations are scaling up CCS globally. Developing standardized frameworks for the transport and storage of CO2 can also boost market growth prospects.
Key features of the study:
Report Description:
Carbon capture and storage (CCS) is a set of technologies that can greatly reduce carbon dioxide (CO2) emissions from industrial processes like electricity generation and manufacturing. CCS involves capturing CO2 from large point sources like fossil fuel power plants, transporting it via pipelines or ships, and storing it in deep geological formations so that it does not enter the atmosphere.
By deploying CCS at coal- and gas-fired power plants and industrial operations, companies can significantly curb their greenhouse gas emissions. This enables them to continue using fossil fuels as an energy source while transitioning to cleaner alternatives. CCS thus represents a transitional technology that could play a key role in achieving long-term climate goals and reducing reliance on coal power in the coming decades.
Market Dynamics:
The global carbon capture and storage market is driven by stringent government mandates and carbon emission reduction targets set forth in the Paris Agreement. Many countries are implementing policies like carbon pricing and incentives for carbon capture projects in high-emitting industries. However, high costs associated with CCS technology development and deployment act as a major restraint. The complete cost of a fully-integrated CCS project amounts to billions of dollars. Moreover, uncertainty over long-term carbon storage and unclear regulations pose challenges. On the positive side, increasing focus on lowering the levelized cost of electricity from fossil fuels through CCS presents an opportunity. Several pilot projects and demonstrations are scaling up CCS globally. Developing standardized frameworks for the transport and storage of CO2 can also boost market growth prospects.
Key features of the study:
- This report provides an in-depth analysis of the global carbon capture and storage market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global carbon capture and storage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Honeywell International Inc., Schlumberger Limited, Aker Solutions, Dakota Gasification Company, Siemens Energy, Sulzer Ltd., Japan CCS Co., Ltd., LanzaTech, Shell PLC, Linde plc, Mitsubishi Heavy Industries, Equinor ASA, Exxon Mobil Corporation, Carbon Engineering Ltd., and Fluor Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global carbon capture and storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon capture and storage market
- By Technology
- Pre-combustion
- Post-combustion
- Oxy-fuel Combustion
- By Application
- Oil and Gas
- Power Generation
- Iron and Steel
- Chemical and Petrochemical
- Cement
- Others
- By Service
- Capture
- Transportation
- Utilization
- Storage
- By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Key Players Insights
- Honeywell International Inc.
- Schlumberger Limited
- Aker Solutions
- Dakota Gasification Company
- Siemens Energy
- Sulzer Ltd.
- Japan CCS Co., Ltd.
- LanzaTech
- Shell PLC
- Linde plc
- Mitsubishi Heavy Industries
- Equinor ASA
- Exxon Mobil Corporation
- Carbon Engineering Ltd.
- Fluor Corporation
Table of Contents
179 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Service
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- Impact of the COVID-19 Pandemic
- 4. Global Carbon Capture and Storage Market, By Technology, 2020-2032 (US$ Billion)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- Segment Trends
- Pre-combustion
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Post-combustion
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Oxy-fuel Combustion
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- 5. Global Carbon Capture and Storage Market, By Application, 2020-2032 (US$ Billion)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- Segment Trends
- Oil and Gas
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Power Generation
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Iron and Steel
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Chemical and Petrochemical
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Cement
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- 6. Global Carbon Capture and Storage Market, By Service, 2020-2032 (US$ Billion)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- Segment Trends
- Capture
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Transportation
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Utilization
- Introduction
- Market Size and Forecast, 2020-2032, (US$ Billion)
- Storage
- Introduction
- 7. Global Carbon Capture and Storage Market, By Region, 2020-2032 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- North America
- Regional Trends
- Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
- 8. Competitive Landscape
- Company Profiles
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Schlumberger Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Aker Solutions
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Dakota Gasification Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Siemens Energy
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sulzer Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Japan CCS Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- LanzaTech
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Shell PLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Linde plc
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Mitsubishi Heavy Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Equinor ASA
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Exxon Mobil Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Carbon Engineering Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Fluor Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
- *Browse 60 market data tables and 40 figures on Global Carbon Capture and Storage Market - forecast to 2032”.
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