PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1617679
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1617679
Carbon Capture Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2030)
Market Overview
The carbon capture market is projected to grow from USD 2,386.3 million in 2024 to USD 3,650.3 million by 2030, registering a CAGR of 7.6% during the forecast period. This growth is driven by increasing efforts to reduce carbon emissions in industries such as power generation, oil & gas, and cement production, coupled with stringent government regulations for decarbonization. Carbon capture utilization and storage (CCUS) is gaining traction as a key technology for mitigating climate change and achieving net-zero emission targets globally.
Rising investments in R&D, along with initiatives like carbon trading schemes and tax incentives for carbon sequestration, are further accelerating market growth.
Key Insights
Market Segmentation:
By technology, the pre-combustion capture category dominates with a 55% market share in 2024, as it effectively removes carbon dioxide before combustion, making it highly efficient for coal and gas-fired power plants.
The oxy-fuel combustion technology segment is expected to grow at the fastest CAGR of 8.3%, as it generates flue gases with high carbon dioxide concentrations, simplifying the capture process.
By end user, the power generation sector holds the largest share due to its significant contribution to global carbon emissions. The integration of carbon capture systems with coal and gas power plants is critical for meeting emission reduction targets.
The oil & gas industry is anticipated to grow at the highest CAGR during the forecast period. Carbon capture technologies are increasingly adopted to curb greenhouse gas emissions in upstream and downstream operations.
Trends and Drivers:
Growing climate concerns and commitments to net-zero emissions are major drivers for the market. Governments worldwide are implementing stricter regulations and financial incentives, such as carbon credits, to encourage adoption.
Increasing investments in R&D for carbon capture technologies, including direct air capture (DAC) and advanced sequestration techniques, are transforming the market. For instance, the U.S. allocated USD 1.7 billion for carbon capture demonstration projects in 2023.
Adoption of carbon capture and storage (CCS) in hard-to-abate industries, such as cement, iron & steel, and chemical production, is gaining momentum as these sectors struggle to reduce emissions through other means.
Challenges:
The high cost of infrastructure development and transportation of captured carbon dioxide remains a significant challenge. Capturing, compressing, and transporting CO2 across long distances requires substantial investment.
Regional Insights:
North America leads the market, supported by favorable policies, tax incentives, and large-scale carbon capture projects, particularly in the U.S. under the Inflation Reduction Act (IRA).
Europe is the fastest-growing region, driven by stringent EU emission targets and government-backed investments in CCUS infrastructure.
Competitive Landscape:
The market is consolidated, with key players focusing on technological advancements, large-scale project development, and strategic collaborations. Major companies are innovating in DAC, oxy-fuel combustion, and enhanced carbon sequestration techniques to improve efficiency and reduce costs.
Table of Contents
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 end user
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. 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 Revenue, by Technology (2019-2030)
- 6.3. Market Revenue, by End User (2019-2030)
- 6.4. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Technology (2019-2030)
- 7.3. Market Revenue, by End User (2019-2030)
- 7.4. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Technology (2019-2030)
- 8.3. Market Revenue, by End User (2019-2030)
- 8.4. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Technology (2019-2030)
- 9.3. Market Revenue, by End User (2019-2030)
- 9.4. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Technology (2019-2030)
- 10.3. Market Revenue, by End User (2019-2030)
- 10.4. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Technology (2019-2030)
- 11.3. Market Revenue, by End User (2019-2030)
- 11.4. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Technology (2019-2030)
- 12.3. Market Revenue, by End User (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Technology (2019-2030)
- 13.3. Market Revenue, by End User (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Technology (2019-2030)
- 14.3. Market Revenue, by End User (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Technology (2019-2030)
- 15.3. Market Revenue, by End User (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Technology (2019-2030)
- 16.3. Market Revenue, by End User (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Technology (2019-2030)
- 17.3. Market Revenue, by End User (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Technology (2019-2030)
- 18.3. Market Revenue, by End User (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Technology (2019-2030)
- 19.3. Market Revenue, by End User (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Technology (2019-2030)
- 20.3. Market Revenue, by End User (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Technology (2019-2030)
- 21.3. Market Revenue, by End User (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Technology (2019-2030)
- 22.3. Market Revenue, by End User (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Technology (2019-2030)
- 23.3. Market Revenue, by End User (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Technology (2019-2030)
- 24.3. Market Revenue, by End User (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Technology (2019-2030)
- 25.3. Market Revenue, by End User (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Technology (2019-2030)
- 26.3. Market Revenue, by End User (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Technology (2019-2030)
- 27.3. Market Revenue, by End User (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Technology (2019-2030)
- 28.3. Market Revenue, by End User (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. Exxon Mobil Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Honeywell International Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Mitsubishi Heavy Industries Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Royal Dutch Shell Plc
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. TotalEnergies SE
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. BASF SE
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Siemens AG
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Hitachi Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. General Electric Company
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
