Carbon Capture And Storage Market Size, Share & Trends Analysis Report By Technology, By Application (Power Generation, Oil & Gas), By Region, And Segment Forecasts, 2024

The global carbon capture and storage market size is expected to reach USD 5.61 billion by 2030, expanding at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the presence of favorable government policies and funding initiatives in the European Union (EU).

Increasing concerns regarding the detrimental effect of carbon emissions on the environment have prompted the adoption of carbon capture and storage technology. Various governments are encouraging the implementation of CCS technology through pilot projects across various industries. This is attributed to the ability of carbon capture and storage technology to serve as a large-scale solution for achieving high CO2 emission reduction targets and climate control goals.

The European Union emerged as a global leader by developing CCS as a part of its energy and climate policy to meet the 80%-95% emission reduction target by 2050. Various policies and funding programs favoring the development of more efficient and cost-effective CCS technologies are primarily driving the market in the region.

The increasing use of carbon dioxide in enhanced oil recovery (EOR) applications is fueling the demand for carbon capture and storage across the globe over the forecast period. However, the high cost of carbon capture and storage technology may not prove to be a viable solution for many industry players as well as countries globally. Therefore, the high cost of CCS is expected to restrain the growth of the CCS market in the near future.

The industry players are adopting several strategies including partnerships, new product launches, expansions, mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in June 2023, Technip Energies N.V. announced the launch of CaptureNow which is a platform that brings all the carbon capture, storage, and utilization technologies under one platform.

Carbon Capture And Storage Market Report Highlights:

Based on technology, the pre-combustion segment dominated the market with a revenue share of over 70.28% in 2023 owing to its wide application and the production of clean energy such as e-fuels and blue hydrogen
Based on application, the power generation segment accounted for the highest market share of over 68.60% in 2023 due to imposed restrictions on power plants, the utilization of CCS facilities has become mandatory to reduce carbon emissions up to the required standards
Europe is expected to grow at the fastest CAGR of 8.9% over the forecast period owing to several favorable government policies in the region promoting the use of CCS technology. For instance, in March 2023, the European Union launched the Net Zero Industry Act that proposes an injection target for carbon dioxide annually of 50 Mt CO2 for 2030, thus promoting the adoption of CCS technology in the region

Product Code: GVR-1-68038-216-7

Chapter 1 Methodology & Scope

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Source
- 1.3.4 Third Party Perspective
- 1.3.5 Primary Research
1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.4.2 Market Formulation and Data Visualization
1.5 Data Validation and Publishing

Chapter 2 Executive Summary

2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot

Chapter 3 Carbon Capture and Storage Market: Market Variables, Trends, & Scope

3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.3 Market Dynamics
- 3.3.1 Market Driver Impact Analysis
- 3.3.2 Market Restraint Impact Analysis
- 3.3.3 Industry Challenges
3.4 Business Environment Analysis: Carbon Capture and Storage Market
- 3.4.1 Industry Analysis - Porter's
- 3.4.2 PESTEL analysis

Chapter 4 Regulatory Framework

4.1 U.S.
4.2 Canada
4.3 UK
- 4.3.1 The British Energy Security Strategy and the Net Zero Strategy
- 4.3.2 Climate Change Act, 2008
- 4.3.3 The UK Low Carbon Transition Plan
4.4 Germany
4.5 France
4.6 Norway
- 4.6.1 Greenhouse Gas Emission Trading Act
- 4.6.2 Climate Change Act
4.7 Finland
- 4.7.1 National Climate Change Policy
- 4.7.2 National Targets
4.8 Sweden
4.9 Switzerland
4.10 Spain

Chapter 5 Technology Overview

5.1 Technology Overview for Carbon Capture and Storage
- 5.1.1 Post-combustion of carbon
- 5.1.2 Pre-combustion of carbon
- 5.1.3 Oxy-fuel combustion
- 5.1.4 Industrial Processes
5.2 Technology Timeline
5.3 Technology Trends
- 5.3.1 Chemical Looping
- 5.3.2 Solvents and Sorbents
- 5.3.3 Bio-energy with Carbon Capture and Storage (BECCS)
- 5.3.4 Direct Air Capture

Chapter 6 Carbon Pricing Emission Coverage & Tax Composition

6.1 Carbon Pricing Initiatives Timeline
6.2 Carbon Price Gaps In Different Sectors
6.3 Estimated Emissions Coverage with Capture Technology under Law
6.4 Effective Carbon Prices
6.5 Carbon Emissions Regulation Overview by major countries/regions
- 6.5.1 European Union
  - 6.5.1.1 Types of trade within ETS
  - 6.5.1.2 The EU ETS Compliance Cycle
  - 6.5.1.3 Monitoring and Reporting Regulation (MRR)
- 6.5.2 U.S.
- 6.5.3 Canada
- 6.5.4 Norway
- 6.5.5 UK
- 6.5.6 France
- 6.5.7 Finland
- 6.5.8 Switzerland
- 6.5.9 Sweden
- 6.5.10 Spain

Chapter 7 Carbon Capture and Storage Market: Technology Estimates & Trend Analysis

7.1 Technology Movement Analysis & Market Share, 2023 & 2030
7.2 Carbon Capture and Storage Market Estimates & Forecast, By Technology (USD Million) (Million Tons)
- 7.2.1 Pre-Combustion
- 7.2.2 Industrial Process
- 7.2.3 Post-Combustion
- 7.2.4 Oxy-Combustion

Chapter 8 Carbon Capture and Storage Market: Application Estimates & Trend Analysis

8.1 Application Movement Analysis & Market Share, 2023 & 2030
8.2 Carbon Capture and Storage Market Estimates & Forecast, By Application (USD Million) (Million Tons)
- 8.2.1 Power Generation
- 8.2.2 Oil & Gas
- 8.2.3 Metal Production
- 8.2.4 Cement
- 8.2.5 Others

Chapter 9 Carbon Capture and Storage Market: Regional Estimates & Trend Analysis

9.1 North America
- 9.1.1 North America Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 9.1.2 U.S.
- 9.1.3 Canada
- 9.1.4 Mexico
9.2 Europe
- 9.2.1 Europe Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 9.2.2 Germany
- 9.2.3 UK
- 9.2.4 France
- 9.2.5 Spain
- 9.2.6 Norway
- 9.2.7 Italy
9.3 Asia Pacific
- 9.3.1 Asia Pacific Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 9.3.2 China
- 9.3.3 India
- 9.3.4 Japan
- 9.3.5 South Korea
- 9.3.6 Australia
9.4 Central & South America
- 9.4.1 Central & South America Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 9.4.2 Brazil
- 9.4.3 Argentina
9.5 Middle East & Africa
- 9.5.1 Middle East & Africa Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 9.5.2 Saudi Arabia
- 9.5.3 UAE
- 9.5.4 South Africa

Chapter 10 Carbon Capture and Storage Market: Competitive Landscape

10.1 Recent Developments & Impact Analysis, by Key Market Participant
10.2 Company Categorization
10.3 Participant's Overview
- 10.3.1 Shell PLC
- 10.3.2 Aker Solutions
- 10.3.3 Equinor ASA
- 10.3.4 Dakota Gasification Company
- 10.3.5 Linde plc
- 10.3.6 Siemens Energy
- 10.3.7 Fluor Corporation
- 10.3.8 Sulzer Ltd.
- 10.3.9 Mitsubishi Heavy Industries Ltd. (MHI)
- 10.3.10 Japan CCS Co. Ltd
- 10.3.11 Carbon Engineering Ltd.
- 10.3.12 LanzaTech
10.4 Financial Performance
10.5 Product Benchmarking
10.6 Company Market Positioning
10.7 Company Heat Map Analysis
10.8 Strategy Mapping
- 10.8.1 Expansion
- 10.8.2 mergers & acquisition
- 10.8.3 collaborations
- 10.8.4 new product launches
- 10.8.5 Others
10.9 Vendors Utilizing Carbon Dioxide as a Raw Material
- 10.9.1 List of International Vendors
- 10.9.2 List of vendors in the U.S.
- 10.9.3 List of vendors in Canada
- 10.9.4 List of vendors in Germany
- 10.9.5 List of vendors in The UK
- 10.9.6 List of vendors in Italy
- 10.9.7 List of vendors in France
- 10.9.8 List of vendors in Spain
- 10.9.9 List of vendors in Norway
- 10.9.10 List of vendors in Finland
- 10.9.11 List of vendors in Sweden
- 10.9.12 List of vendors in Switzerland
- 10.9.13 List of vendors in Russia
10.10 List of Vendors Which Come Under Purview of Law for Limiting Greenhouse Gas Emissions
- 10.10.1 List of vendors in the U.S.
- 10.10.2 List of vendors in Canada
- 10.10.3 List of vendors in Germany
- 10.10.4 List of vendors in THE UK
- 10.10.5 List of vendors in Italy
- 10.10.6 List of vendors in France
- 10.10.7 List of vendors in Spain
- 10.10.8 List of vendors in Norway
- 10.10.9 List of vendors in Finland
- 10.10.10 List of vendors in Sweden
- 10.10.11 List of vendors in Switzerland
- 10.10.12 List of vendors in Russia

Chapter 11 Companies with CO2 Mission

11.1 Exxon Mobil Corporation
- 11.1.1 Company Overview
- 11.1.2 CO2 Mission
- 11.1.3 Initiatives taken by the company to reduce its carbon footprint
11.2 BP p.l.c.
- 11.2.1 Company Overview
- 11.2.2 CO2 Mission
- 11.2.3 Initiatives taken by the company to reduce its carbon footprint
11.3 Chevron Corporation
- 11.3.1 Company Overview
- 11.3.2 CO2 Mission
- 11.3.3 Initiatives taken by the company to reduce its carbon footprint
11.4 TotalEnergies
- 11.4.1 Company Overview
- 11.4.2 CO2 Mission
- 11.4.3 Initiatives taken by the company to reduce its carbon footprint
11.5 Eni S.p.A.
- 11.5.1 Company Overview
- 11.5.2 CO2 Mission
- 11.5.3 Initiatives taken by the company to reduce its carbon footprint
11.6 ConocoPhillips
- 11.6.1 Company Overview
- 11.6.2 CO2 Mission
- 11.6.3 Initiatives taken by the company to reduce its carbon footprint
11.7 Shell plc
- 11.7.1 Company Overview
- 11.7.2 CO2 Mission
- 11.7.3 Initiatives taken by the company to reduce its carbon footprint
11.8 LUKOIL
- 11.8.1 Company Overview
- 11.8.2 CO2 Mission
- 11.8.3 Further Initiatives taken by the company to reduce its carbon footprint
11.9 CONSOL Energy INC.
- 11.9.1 Company Overview
- 11.9.2 CO2 Mission
- 11.9.3 Initiatives taken by the company to reduce its carbon footprint
11.10 Peabody Energy, Inc.
- 11.10.1 Company Overview
- 11.10.2 CO2 Mission
- 11.10.3 Initiatives taken by the company to reduce its carbon footprint

Chapter 12 Opportunity Assessment & Recommendations

12.1 Companies with CO2 Mission
12.2 Potential clients to target for supplying stored carbon dioxide
12.3 Potential clients to target for providing carbon storage technology
12.4 List of CCS Projects

Product Code: GVR-1-68038-216-7

List of Tables

Table 1 Carbon pricing initiatives timeline
Table 2 Effective Carbon Prices for April 2023
Table 3 Carbon pricing developments in the U.S.
Table 4 Carbon pricing developments in the U.S.
Table 5 Carbon pricing developments in Canada
Table 6 Carbon pricing developments in Canada
Table 7 Carbon pricing developments in Norway
Table 8 Carbon pricing developments in the UK
Table 9 Carbon pricing developments in France
Table 10 Carbon pricing developments in the Finland
Table 11 Carbon pricing developments in Switzerland
Table 12 Carbon pricing developments in Sweden
Table 13 Carbon pricing developments in Spain
Table 14 Carbon Capture and Storage Market Estimates and Forecast, By Technology, 2018 - 2030 (USD Million)
Table 15 Carbon Capture and Storage Market Estimates and Forecast, By Technology, 2018 - 2030 (Million Tons)
Table 16 Carbon Capture and Storage Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Table 17 Carbon Capture and Storage Market Estimates and Forecast, By Application, 2018 - 2030 (Million Tons)
Table 18 Recent Developments & Impact Analysis, by Key Market Participant
Table 19 Company Heat Map Analysis
Table 20 Key Companies undergoing expansions
Table 21 Key Companies involved in M&As
Table 22 Key Companies undergoing collaborations
Table 23 Key Companies launching new products
Table 24 Key Companies with major accomplishments

List of Figures

Fig. 1 Carbon Capture and Storage Market Segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Global Carbon Dioxide Market Value, 2023 (USD Billion)
Fig. 10 Carbon Capture and Storage - Industry Value Chain Analysis
Fig. 11 Carbon Capture and Storage - Market Dynamics
Fig. 12 Carbon Capture and Storage Market - Porter's Analysis
Fig. 13 Carbon Capture and Storage Market - PESTEL analysis
Fig. 14 Sectoral targets in the Climate Action Plan 2050 (in millions of tons of CO2 equivalent)
Fig. 15 Post-combustion process
Fig. 16 Pre-combustion process
Fig. 17 Oxy-fuel combustion
Fig. 18 Carbon capture technologies timeline
Fig. 19 CAPEX requirement vs maturity of CCS technologies
Fig. 20 Chemical-looping combustion process
Fig. 21 EU ETS Compliance Cycle
Fig. 22 Actors in the compliance cycle
Fig. 23 Carbon Capture and Storage Market, by Technology: Key Takeaways
Fig. 24 Carbon Capture and Storage Market, by Technology: Revenue Market Share, 2023 & 2030
Fig. 25 Carbon Capture and Storage Market, by Technology: Volume Market Share, 2023 & 2030
Fig. 26 Carbon Capture and Storage Market Estimates & Forecasts, by Pre-Combustion, 2018 - 2030 (USD Million) (Million Tons)
Fig. 27 Carbon Capture and Storage Market Estimates & Forecasts, by Industrial Process, 2018 - 2030 (USD Million) (Million Tons)
Fig. 28 Carbon Capture and Storage Market Estimates & Forecasts, by Post-Combustion, 2018 - 2030 (USD Million)
Fig. 29 Carbon Capture and Storage Market Estimates & Forecasts, by Oxy-Combustion, 2018 - 2030 (USD Million)
Fig. 30 Carbon Capture and Storage Market, by Application: Key Takeaways
Fig. 31 Carbon Capture and Storage Market, by Application: Revenue Market Share, 2023 & 2030
Fig. 32 Carbon Capture and Storage Market, by Application: Volume Market Share, 2023 & 2030
Fig. 33 Carbon Capture and Storage Market Estimates & Forecasts, by Power Generation, 2018 - 2030 (USD Million) (Million Tons)
Fig. 34 Carbon Capture and Storage Market Estimates & Forecasts, by Oil & Gas, 2018 - 2030 (USD Million) (Million Tons)
Fig. 35 Carbon Capture and Storage Market Estimates & Forecasts, by Metal Production, 2018 - 2030 (USD Million) (Million Tons)
Fig. 36 Carbon Capture and Storage Market Estimates & Forecasts, by Cement, 2018 - 2030 (USD Million) (Million Tons)
Fig. 37 Carbon Capture and Storage Market Estimates & Forecasts, by Others, 2018 - 2030 (USD Million) (Million Tons)
Fig. 38 Carbon Capture and Storage Market Revenue, By Region, 2023 & 2030 (USD Million) (Million Tons)
Fig. 39 Carbon Capture and Storage Regional Marketplace: Key Takeaways
Fig. 40 Carbon Capture and Storage Regional Marketplace: Key Takeaways
Fig. 41 North America Carbon Capture and Storage market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 42 U.S. Carbon Capture and Storage market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 43 Canada Carbon Capture and Storage market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 44 Mexico Carbon Capture and Storage market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 45 Europe Carbon Capture and Storage market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 46 Germany Carbon Capture and Storage market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 47 UK Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 48 France Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 49 Spain Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 50 Norway Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 51 Italy Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 52 Asia Pacific Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 53 China Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 54 India Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 55 Japan Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 56 South Korea Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 57 Australia Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 58 Central & South America Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 59 Brazil Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 60 Argentina Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 61 Middle East & Africa Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 62 Saudi Arabia Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 63 UAE Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 64 South Africa Carbon Capture and Storage Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Million Tons)

Carbon Capture And Storage Market Size, Share & Trends Analysis Report By Technology, By Application (Power Generation, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

Carbon Capture And Storage Market Growth & Trends:

Carbon Capture And Storage Market Report Highlights:

Table of Contents

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Carbon Capture and Storage Market: Market Variables, Trends, & Scope

Chapter 4 Regulatory Framework

Chapter 5 Technology Overview

Chapter 6 Carbon Pricing Emission Coverage & Tax Composition

Chapter 7 Carbon Capture and Storage Market: Technology Estimates & Trend Analysis

Chapter 8 Carbon Capture and Storage Market: Application Estimates & Trend Analysis

Chapter 9 Carbon Capture and Storage Market: Regional Estimates & Trend Analysis

Chapter 10 Carbon Capture and Storage Market: Competitive Landscape

Chapter 11 Companies with CO2 Mission

Chapter 12 Opportunity Assessment & Recommendations

List of Tables

List of Figures