Direct Air Capture Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

In 2024, the worldwide direct air capture (DAC) industry generated revenue of USD 114.4 million, which is estimated to experience a CAGR of 61.1% over the projection period, to attain USD 2,001.7 million by the end of the decade. The major reasons propelling the development of this industry are the increasing GHG emissions because of the growing consumption of power by a thriving populace throughout the globe.

A lot of work has been done on the DAC technology to enhance the scalability solutions and reduce costs, and the overall output. Growth in materials science knowledge, engineering practice, and process optimization is pushing for DAC systems with enhanced efficiency.

Recently, electro-swing adsorption (ESA) DAC was developed in the industry. The electrochemical cells in the ESA-DAC involve a solid electrode that captures carbon dioxide whenever it is charged with negativity and releases it when charged positively. Passive DAC depends on the stimulation of the regular process that builds up limestone from calcium hydroxide and carbon dioxide.

Many countries, corporations, and organizations have set out strategies and pledges for attaining 'net-zero' or carbon-neutral status by a given year. For this, they are looking for ways to optimally scale up negative emissions with the rest of the emissions; thus, for companies to achieve their sustainability goals, DAC is provided. Since the beginning of the 2000s, governments across the globe have been given financial incentives to spur and implement technology to capture CO2 emissions, to combat emissions.

Key Insights

The liquid category holds the largest market share, 50%, in 2024.

Earliest developed and deployed DAC technology.

Uses an absorbent liquid solvent to extract CO2, which is then isolated and treated for storage or use.

The solid category is projected to grow at the highest CAGR, 61.5%, during 2024-2030.

Reduces energy requirements and integrates carbon utilization processes.

Offers improved efficiency, scalability, and economic viability over liquid-based variants.

The electricity category growing at a CAGR of 61.3% by 2030.

Reduces environmental damage compared to heat-based power sources.

Utilizes energy from low-carbon or renewable sources to support climate change mitigation efforts.

The CCS category holds the larger market share, 70%, in 2024.

Focuses on CO2 capture and underground storage to prevent atmospheric release.

Cost-effective, simple, and reduces risk and emissions.

CCUS, including utilization of stored CO2, is not yet commercially viable due to high energy and investment requirements.

North America is the largest market, generating 45% of global revenue in 2024.

The U.S. is the second-most-polluting country with CO2 emissions of 5,057 million metric tonnes.

Government support and advanced technology integration, like solid and electrochemical DAC, drive market expansion.

APAC is projected to record the fastest growth, with a CAGR of 61.6%.

Involvement of players in strategic developments for a competitive edge.

Home to highly polluting countries (China, India, Indonesia) responsible for over 14,956 million metric tonnes of annual CO2 emissions.

These countries are adopting technologies to address environmental challenges.

Product Code: 12988

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by technology
- 1.4.2. Market size breakdown, by source
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Technology (2019-2030)
6.3. Market Revenue, by Technology (2019-2030)
6.4. Market Volume, by Source (2019-2030)
6.5. Market Revenue, by Source (2019-2030)
6.6. Market Volume, by Application (2019-2030)
6.7. Market Revenue, by Application (2019-2030)
6.8. Market Volume, by Region (2019-2030)
6.9. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Technology (2019-2030)
7.3. Market Revenue, by Technology (2019-2030)
7.4. Market Volume, by Source (2019-2030)
7.5. Market Revenue, by Source (2019-2030)
7.6. Market Volume, by Application (2019-2030)
7.7. Market Revenue, by Application (2019-2030)
7.8. Market Volume, by Country (2019-2030)
7.9. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Technology (2019-2030)
8.3. Market Revenue, by Technology (2019-2030)
8.4. Market Volume, by Source (2019-2030)
8.5. Market Revenue, by Source (2019-2030)
8.6. Market Volume, by Application (2019-2030)
8.7. Market Revenue, by Application (2019-2030)
8.8. Market Volume, by Country (2019-2030)
8.9. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Technology (2019-2030)
9.3. Market Revenue, by Technology (2019-2030)
9.4. Market Volume, by Source (2019-2030)
9.5. Market Revenue, by Source (2019-2030)
9.6. Market Volume, by Application (2019-2030)
9.7. Market Revenue, by Application (2019-2030)
9.8. Market Volume, by Country (2019-2030)
9.9. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Technology (2019-2030)
10.3. Market Revenue, by Technology (2019-2030)
10.4. Market Volume, by Source (2019-2030)
10.5. Market Revenue, by Source (2019-2030)
10.6. Market Volume, by Application (2019-2030)
10.7. Market Revenue, by Application (2019-2030)
10.8. Market Volume, by Country (2019-2030)
10.9. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Technology (2019-2030)
11.3. Market Revenue, by Technology (2019-2030)
11.4. Market Volume, by Source (2019-2030)
11.5. Market Revenue, by Source (2019-2030)
11.6. Market Volume, by Application (2019-2030)
11.7. Market Revenue, by Application (2019-2030)
11.8. Market Volume, by Country (2019-2030)
11.9. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Technology (2019-2030)
12.3. Market Revenue, by Technology (2019-2030)
12.4. Market Volume, by Source (2019-2030)
12.5. Market Revenue, by Source (2019-2030)
12.6. Market Volume, by Application (2019-2030)
12.7. Market Revenue, by Application (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Technology (2019-2030)
13.3. Market Revenue, by Technology (2019-2030)
13.4. Market Volume, by Source (2019-2030)
13.5. Market Revenue, by Source (2019-2030)
13.6. Market Volume, by Application (2019-2030)
13.7. Market Revenue, by Application (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Technology (2019-2030)
14.3. Market Revenue, by Technology (2019-2030)
14.4. Market Volume, by Source (2019-2030)
14.5. Market Revenue, by Source (2019-2030)
14.6. Market Volume, by Application (2019-2030)
14.7. Market Revenue, by Application (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Technology (2019-2030)
15.3. Market Revenue, by Technology (2019-2030)
15.4. Market Volume, by Source (2019-2030)
15.5. Market Revenue, by Source (2019-2030)
15.6. Market Volume, by Application (2019-2030)
15.7. Market Revenue, by Application (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Technology (2019-2030)
16.3. Market Revenue, by Technology (2019-2030)
16.4. Market Volume, by Source (2019-2030)
16.5. Market Revenue, by Source (2019-2030)
16.6. Market Volume, by Application (2019-2030)
16.7. Market Revenue, by Application (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Technology (2019-2030)
17.3. Market Revenue, by Technology (2019-2030)
17.4. Market Volume, by Source (2019-2030)
17.5. Market Revenue, by Source (2019-2030)
17.6. Market Volume, by Application (2019-2030)
17.7. Market Revenue, by Application (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Technology (2019-2030)
18.3. Market Revenue, by Technology (2019-2030)
18.4. Market Volume, by Source (2019-2030)
18.5. Market Revenue, by Source (2019-2030)
18.6. Market Volume, by Application (2019-2030)
18.7. Market Revenue, by Application (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Technology (2019-2030)
19.3. Market Revenue, by Technology (2019-2030)
19.4. Market Volume, by Source (2019-2030)
19.5. Market Revenue, by Source (2019-2030)
19.6. Market Volume, by Application (2019-2030)
19.7. Market Revenue, by Application (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Technology (2019-2030)
20.3. Market Revenue, by Technology (2019-2030)
20.4. Market Volume, by Source (2019-2030)
20.5. Market Revenue, by Source (2019-2030)
20.6. Market Volume, by Application (2019-2030)
20.7. Market Revenue, by Application (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Technology (2019-2030)
21.3. Market Revenue, by Technology (2019-2030)
21.4. Market Volume, by Source (2019-2030)
21.5. Market Revenue, by Source (2019-2030)
21.6. Market Volume, by Application (2019-2030)
21.7. Market Revenue, by Application (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Technology (2019-2030)
22.3. Market Revenue, by Technology (2019-2030)
22.4. Market Volume, by Source (2019-2030)
22.5. Market Revenue, by Source (2019-2030)
22.6. Market Volume, by Application (2019-2030)
22.7. Market Revenue, by Application (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Technology (2019-2030)
23.3. Market Revenue, by Technology (2019-2030)
23.4. Market Volume, by Source (2019-2030)
23.5. Market Revenue, by Source (2019-2030)
23.6. Market Volume, by Application (2019-2030)
23.7. Market Revenue, by Application (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Technology (2019-2030)
24.3. Market Revenue, by Technology (2019-2030)
24.4. Market Volume, by Source (2019-2030)
24.5. Market Revenue, by Source (2019-2030)
24.6. Market Volume, by Application (2019-2030)
24.7. Market Revenue, by Application (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Technology (2019-2030)
25.3. Market Revenue, by Technology (2019-2030)
25.4. Market Volume, by Source (2019-2030)
25.5. Market Revenue, by Source (2019-2030)
25.6. Market Volume, by Application (2019-2030)
25.7. Market Revenue, by Application (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Technology (2019-2030)
26.3. Market Revenue, by Technology (2019-2030)
26.4. Market Volume, by Source (2019-2030)
26.5. Market Revenue, by Source (2019-2030)
26.6. Market Volume, by Application (2019-2030)
26.7. Market Revenue, by Application (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Technology (2019-2030)
27.3. Market Revenue, by Technology (2019-2030)
27.4. Market Volume, by Source (2019-2030)
27.5. Market Revenue, by Source (2019-2030)
27.6. Market Volume, by Application (2019-2030)
27.7. Market Revenue, by Application (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Technology (2019-2030)
28.3. Market Revenue, by Technology (2019-2030)
28.4. Market Volume, by Source (2019-2030)
28.5. Market Revenue, by Source (2019-2030)
28.6. Market Volume, by Application (2019-2030)
28.7. Market Revenue, by Application (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. 1PointFive LLC
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Climeworks
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Carbon Engineering ULC
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Global Thermostat
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Heirloom Carbon Technologies
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Soletair Power
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Carbon Capture Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Avnos Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Noya PBC
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Skytree
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. RepAir D.A.C Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Direct Air Capture Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)