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Global Carbon Capture & Storage Market Research Report: Forecast (2024-2030)

Global Carbon Capture & Storage Market Report - By Capture Technology (Post Combustion Capture, Pre-Combustion Capture, Oxyfuel Technology, Chemical Looping Combustion), By Storage...... Technology (Geological Storage, (Depleted Oil and Gas Reservoirs, Un-mineable Coal Bed Storage, Saline Aquifers), Deep Ocean Storage)), By End User (Biofuels, Food and Beverage, Pulp and Paper, Cement and Concrete, Iron and Steel, Textiles, Oil and Gas, Power Generation, Others (Chemicals, Fertilizers, etc.)), and Others Read more

Environment
Sep 2024
Pages 212
Report Format: PDF, Excel, PPT

Market Definition

Carbon Capture & Storage can be defined as the technology that is used for capturing and storing the carbon dioxide emitted from various industries before it reaches the atmosphere. The technology is effectively utilized to reduce the greenhouse effects and carbon emissions across the world.

Market Insights & Analysis: Global Carbon Capture & Storage Market (2024-30):

The Global Carbon Capture & Storage Market size is valued at USD 4.3 billion in 2024 and is projected to reach USD 12.9 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 24.0% during the forecast period. Rising emissions across the globe are contributing to the high demand for effective CO₂ mitigation solutions, thereby driving the growth of the market. Overall CO₂ emissions have grown significantly on account of increasing reliance on fossil fuels for energy generation. Growing energy needs amid the expansion of the industrial sector, automobile sales, etc., further enhance fuel consumption and, correspondingly, CO₂ emissions.

Additionally, growing industrialization in underdeveloped and emerging nations is also contributing to higher CO₂ emissions at the global level. These events are resulting in a negative impact on climatic conditions. Therefore, governments all over the world have been more and more shifting their focus towards the reduction of carbon emissions. For Instance,

Report Coverage	Details
Historical Years	2019-22
Base Years	2023
Forecast Years	2024-30
Market Value in 2024	USD 4.3 Billion
Market Value (2030)	USD 12.9 Billion
CAGR (2024-30)	24.0%
Leading Region	North America
Top Key Players	Shell Plc, Halliburton Company, Schlumberger Limited, Aker Solutions, Equinor ASA, Chevron Corporation, Carbon Engineering ULC, Fluor Corporation, Exxon Mobil Corporation, Linde Plc, Mitsubishi Heavy Industries Ltd., JGC Holdings Corporation, TotalEnergies SE, Honeywell International Inc., and Climeworks
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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In 2023, according to the International Energy Agency, worldwide CO₂ emissions surged by more than 1.1 percent from the previous year, with annual levels hitting 37.4 billion tonnes (Gt).

Globally, power, cement, steel industries, etc., are some of the main sources of carbon emission into the atmosphere. Owing to this, governments across the globe have framed stringent regulations and frameworks to set carbon emission strategies and goals. For instance, China has come up with its Net Zero Goal 2060 for completely mitigating carbon emissions. Likewise, countries like India, Brazil, etc., have also launched their Net Zero Emission targets to achieve environmental sustainability.

These growing targets that the governments have laid down, coupled with the worldwide need to reduce carbon emissions, have necessitated the requirement for carbon capture and storage technologies. CCS is an effective solution for industries to minimize their carbon footprint; under ever-increasing pressure from governments to meet climate targets. Global players in different industrial sectors are showing effective adoption of global carbon capture and storage technologies to reduce their carbon emissions. For Instance,

In 2023, according to the International Energy Agency, around 700 Carbon Capture & Storage (CCS) projects were in the developing stage worldwide aiming at net zero initiatives.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Carbon Capture & Storage Market Case Studies, 2019-2024
1. By Company
2. By Location
3. By Details
Global Carbon Capture & Storage Market Trends & Insights
Global Carbon Capture & Storage Market Dynamics
1. Growth Drivers
2. Challenges
Global Carbon Capture & Storage Market Hotspot & Opportunities
Global Carbon Capture & Storage Market Government Regulations and Policies
Global Carbon Capture & Storage Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Capture Technology
    1. Post Combustion Capture- Market Size & Forecast 2019-2030, USD Million
    2. Pre-Combustion Capture- Market Size & Forecast 2019-2030, USD Million
    3. Oxyfuel Technology- Market Size & Forecast 2019-2030, USD Million
    4. Chemical Looping Combustion- Market Size & Forecast 2019-2030, USD Million
  2. By Storage Technology
    1. Geological Storage- Market Size & Forecast 2019-2030, USD Million
      1. Depleted Oil and Gas Reservoirs- Market Size & Forecast 2019-2030, USD Million
      2. Un-mineable Coal Bed Storage- Market Size & Forecast 2019-2030, USD Million
      3. Saline Aquifers - Market Size & Forecast 2019-2030, USD Million
    2. Deep Ocean Storage- Market Size & Forecast 2019-2030, USD Million
  3. By End User
    1. Biofuels- Market Size & Forecast 2019-2030, USD Million
    2. Food and Beverage- Market Size & Forecast 2019-2030, USD Million
    3. Pulp and Paper- Market Size & Forecast 2019-2030, USD Million
    4. Cement and Concrete- Market Size & Forecast 2019-2030, USD Million
    5. Iron and Steel- Market Size & Forecast 2019-2030, USD Million
    6. Textiles- Market Size & Forecast 2019-2030, USD Million
    7. Oil and Gas- Market Size & Forecast 2019-2030, USD Million
    8. Power Generation- Market Size & Forecast 2019-2030, USD Million
    9. Others (Chemicals, Fertilizers, etc.) - Market Size & Forecast 2019-2030, USD Million
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  5. By Company
    1. Competition Characteristics
    2. Market Shares & Analysis
North America Carbon Capture & Storage Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Storage Technology- Market Size & Forecast 2019-2030, USD Million
  3. By End User- Market Size & Forecast 2019-2030, USD Million
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
4. Canada Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
5. Mexico Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
South America Carbon Capture & Storage Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Storage Technology- Market Size & Forecast 2019-2030, USD Million
  3. By End User- Market Size & Forecast 2019-2030, USD Million
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
4. Argentina Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
Europe Carbon Capture & Storage Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Storage Technology- Market Size & Forecast 2019-2030, USD Million
  3. By End User- Market Size & Forecast 2019-2030, USD Million
  4. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Others
3. Germany Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
4. The UK Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
5. France Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
6. Italy Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
7. Spain Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
The Middle East & Africa Carbon Capture & Storage Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Storage Technology- Market Size & Forecast 2019-2030, USD Million
  3. By End User- Market Size & Forecast 2019-2030, USD Million
  4. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of the Middle East and Africa
3. The UAE Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
4. Saudi Arabia Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
5. South Africa Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
Asia-Pacific Carbon Capture & Storage Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Storage Technology- Market Size & Forecast 2019-2030, USD Million
  3. By End User- Market Size & Forecast 2019-2030, USD Million
  4. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Others
3. China Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
4. Japan Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
5. India Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
6. South Korea Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
7. Australia Carbon Capture & Storage Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Size & Analysis
    1. By Capture Technology- Market Size & Forecast 2019-2030, USD Million
    2. By End User- Market Size & Forecast 2019-2030, USD Million
Global Carbon Capture & Storage Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profile
  1. Shell Plc
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Halliburton Company
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Schlumberger Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Aker Solutions
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Equinor ASA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Chevron Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Carbon Engineering ULC
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Fluor Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Exxon Mobil Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Linde Plc
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Mitsubishi Heavy Industries Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. JGC Holdings Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. TotalEnergies SE
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Honeywell International Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Climeworks
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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