Carbon Capture and Storage Market, By Technology (Pre-Combustion Capture, Oxy-Fuel Combustion Capture, and Post-Combustion Capture), By End-User Industry (Oil and Gas, Coal and Biomass Power Plant, Iron and Steel, Chemical, and Other End-User Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI403920 | Publish Date: March 2024 | No. of Pages: 178

Global Carbon Capture And Storage Overview

Carbon Capture and Storage Market was valued at US$ 3.2 Billion in 2024 and is projected to grow at a CAGR of 2.30% to reach US$ 3.9 Billion by 2034.

Carbon capture and storage (CCS) technology has emerged as a critical technical component in the combined efforts of various nations to combat climate change. Carbon capture and storage refers to the capturing of carbon dioxide from different sources of emission, separating it from other gases and transporting to a suitable location for storage. The carbon capture and storage technology are being adopted and employed across the globe considering the cumulative commitment of industrial stakeholders in curbing Co2 emissions coupled with the ongoing dominant role of fossil fuels in energy generation.

Global Carbon Capture And Storage Dynamics

The major factor driving the carbon capture and storage market is the emerging demand for CO2 injection technique for enhanced oil recovery (EOR), and strict government norms towards GHG emissions. Carbon Capture and Storage Market (CCS) is a crucial resolution in the contest against the global changes in the climatic conditions. The rise in energy demand globally has led to an increase in uses of fossil fuels, the major source of carbon emission. CCS is the most feasible technology currently available to reduce greenhouse gas emissions from large scale fossil fuel usage. Huge CCS technologies implementation cost and growth in shale investments are expected to hinder the growth of the global market. The high cost of the technology is a major restraint for the growth of the target market. Augmenting prominence for bioenergy carbon capture and storage (BECCS) is likely to act as an opportunity in the future.

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Global Carbon Capture And Storage Segmentation

The carbon capture and storage market are segmented based on technology, end-user industry, and region.

Based on technology, the carbon capture and storage market is segmented into the pre-combustion capture, oxy-fuel combustion capture, and post-combustion capture. Pre-combustion is expected to account the highest revenue share due to increased energy generation, newly developed advanced amine systems. Also, heat integration systems are anticipated to be the major factors driving their demand over the forecast period.  Based on the end-user industry, the target market is segmented into oil and gas, coal and biomass power plant, iron and steel, chemical, and other end-user industry. Carbon Capture and Storage (CCS), is aiding the oil and gas industry to mitigate greenhouse gases out of the atmosphere. Carbon dioxide stored in deep, onshore or offshore geological formations uses CCS technologies for enhanced oil recovery that have been developed in the oil and gas industry.

Based on the region the carbon capture and storage market are segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the carbon capture and storage market due to growing demand for clean technology, accompanied by the growing use of CO2 in EOR practices. Asia Pacific carbon capture and storage market are projected to register a high CAGR over the forecast period, owing to the presence of coal-fired power plants in this region.

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Carbon Capture and Storage Market, By Technology:

  • Pre-Combustion Capture
  • Oxy-Fuel Combustion Capture
  • Post-Combustion Capture

Carbon Capture and Storage Market, By End-User Industry:

  • Oil and Gas
  • Coal and Biomass Power Plant
  • Iron and Steel, Chemical
  • Other End-User Industry

Carbon Capture and Storage Market, By Region:

      • North America
        • North America Carbon Capture and Storage Market, By Technology
        • North America Carbon Capture and Storage Market, By End-User Industry
        • North America Carbon Capture and Storage Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Carbon Capture and Storage Market, By Technology
        • Europe Carbon Capture and Storage Market, By End-User Industry
        • Europe Carbon Capture and Storage Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Carbon Capture and Storage Market, By Technology
        • Asia Pacific Carbon Capture and Storage Market, By End-User Industry
        • Asia Pacific Carbon Capture and Storage Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Carbon Capture and Storage Market, By Technology
        • Latin America Carbon Capture and Storage Market, By End-User Industry
        • Latin America Carbon Capture and Storage Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Carbon Capture and Storage Market, By Technology
        • Middle East & Africa Carbon Capture and Storage Market, By End-User Industry
        • Middle East & Africa Carbon Capture and Storage Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Carbon Capture And Storage Key Players

The key players operating the carbon capture and storage market involves Occidental Petroleum Corporation, ExxonMobil, NRG Energy, Chevron Corporation, Shell, Fluor Corporation, Japan CCS, Climeworks AG, Dakota Gasification Company, and The Linde Group. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in January 2020, Occidnetal Petroleum Corporation announced Svante, LafargeHolcim, Oxy Low Carbon Ventures and Total launch study for commercial-scale carbon capture and end-use at U.S. plant

Global Carbon Capture And Storage Key Issues Addressed

  • What is the total revenue potential of the carbon capture and storage market? How that market is expected to grow during the study period?
  • What are some of the major growth opportunities in the carbon capture and storage market?
  • Which companies are the major players in the carbon capture and storage market?

Global Carbon Capture And Storage Company Profile

      • Occidental Petroleum Corporation
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • ExxonMobil
  • NRG Energy
  • Chevron Corporation
  • Shell
  • Fluor Corporation
  • Japan CCS
  • Climeworks AG
  • Dakota Gasification Company
  • The Linde Group

 “*” marked represents similar segmentation in other categories in the respective section

Global Carbon Capture And Storage Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Technology
    • Market Snippet, By End-User Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Technology, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Pre-Combustion Capture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oxy-Fuel Combustion Capture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Post-Combustion Capture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-User Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Oil and Gas
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Coal and Biomass Power Plant
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Iron and Steel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other End-User Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Itron, Landis Gyr, Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Occidental Petroleum Corporation
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • ExxonMobil
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Aker Solutions
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • NRG Energy
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Chevron Corporation
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Shell
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Fluor Corporation
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Japan CCS
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Climeworks AG
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Dakota Gasification Company
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • The Linde Group
    • Company Overview
    • Product and Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies

The Last Word                                      

  • Future Impact
  • About Us
  • Contact

FAQs

The carbon capture and storage market report is segmented into technology, end-user industry, and region.

Driving factors include increasing environmental concerns, government initiatives to reduce carbon emissions, and the growing importance of sustainable energy solutions.

Global restraints may involve high implementation costs, regulatory challenges, and public perception issues related to the storage of captured carbon.

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is estimated to dominate the Carbon Capture and Storage Market, experiencing a significantly high revenue share over the forecast period.

The key players operating in the energy and carbon capture industry include ExxonMobil, NRG Energy, Chevron Corporation, Shell, Fluor Corporation, Japan CCS, Climeworks AG, Dakota Gasification Company, and The Linde Group.