Carbon Capture and Storage Market, By Technology, By Application, By Service, By Geography

Description

Global Carbon Capture And Storage Market is estimated to be valued at USD 6.73 Bn in 2025 and is expected to reach USD 15.46 Bn by 2032, growing at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 6.73 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	12.60%	2032 Value Projection:	USD 15.46 Bn

Figure. Carbon Capture And Storage Market Share (%), By Region 2025

Carbon Capture and Storage Market - IMG1

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

Market Segmentation

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

Product Code: CMI5065

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
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