Carbon Capture And Storage Market Size, Share, and Trends 2024 to 2034

The global carbon capture and storage market size is calculated at USD 8.92 billion in 2025 and is forecasted to reach around USD 50.70 billion by 2034, accelerating at a CAGR of 21.37% from 2025 to 2034. The North America carbon capture and storage market size surpassed USD 2.70 billion in 2024 and is expanding at a CAGR of 21.40% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2606
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Carbon Capture and Storage Market 

5.1. COVID-19 Landscape: Carbon Capture and Storage Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Carbon Capture and Storage Market, By Service

8.1. Carbon Capture and Storage Market, by Service

8.1.1 Capture

8.1.1.1. Market Revenue and Forecast

8.1.2. Transportation

8.1.2.1. Market Revenue and Forecast

8.1.3. Utilization

8.1.3.1. Market Revenue and Forecast

8.1.4. Storage

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Carbon Capture and Storage Market, By Product

9.1. Carbon Capture and Storage Market, by Product

9.1.1. Pre-combustion

9.1.1.1. Market Revenue and Forecast

9.1.2. Industrial Process

9.1.2.1. Market Revenue and Forecast

9.1.3. Post Combustion

9.1.3.1. Market Revenue and Forecast

9.1.4. Oxy-combustion

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Carbon Capture and Storage Market, By Application 

10.1. Carbon Capture and Storage Market, by Application

10.1.1. Power Generation

10.1.1.1. Market Revenue and Forecast

10.1.2. Oil & Gas

10.1.2.1. Market Revenue and Forecast

10.1.3. Metal Production

10.1.3.1. Market Revenue and Forecast

10.1.4. Cement

10.1.4.1. Market Revenue and Forecast

10.1.5. Others

10.1.5.1. Market Revenue and Forecast

Chapter 11. Global Carbon Capture and Storage Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Service

11.1.2. Market Revenue and Forecast, by Product

11.1.3. Market Revenue and Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Service

11.1.4.2. Market Revenue and Forecast, by Product

11.1.4.3. Market Revenue and Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Service

11.1.5.2. Market Revenue and Forecast, by Product

11.1.5.3. Market Revenue and Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Forecast, by Service

11.2.2. Market Revenue and Forecast, by Product

11.2.3. Market Revenue and Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Service

11.2.4.2. Market Revenue and Forecast, by Product

11.2.4.3. Market Revenue and Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Service

11.2.5.2. Market Revenue and Forecast, by Product

11.2.5.3. Market Revenue and Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Service

11.2.6.2. Market Revenue and Forecast, by Product

11.2.6.3. Market Revenue and Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Service

11.2.7.2. Market Revenue and Forecast, by Product

11.2.7.3. Market Revenue and Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Forecast, by Service

11.3.2. Market Revenue and Forecast, by Product

11.3.3. Market Revenue and Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Service

11.3.4.2. Market Revenue and Forecast, by Product

11.3.4.3. Market Revenue and Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Service

11.3.5.2. Market Revenue and Forecast, by Product

11.3.5.3. Market Revenue and Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Service

11.3.6.2. Market Revenue and Forecast, by Product

11.3.6.3. Market Revenue and Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Service

11.3.7.2. Market Revenue and Forecast, by Product

11.3.7.3. Market Revenue and Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Forecast, by Service

11.4.2. Market Revenue and Forecast, by Product

11.4.3. Market Revenue and Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Service

11.4.4.2. Market Revenue and Forecast, by Product

11.4.4.3. Market Revenue and Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Service

11.4.5.2. Market Revenue and Forecast, by Product

11.4.5.3. Market Revenue and Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Service

11.4.6.2. Market Revenue and Forecast, by Product

11.4.6.3. Market Revenue and Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Service

11.4.7.2. Market Revenue and Forecast, by Product

11.4.7.3. Market Revenue and Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Service

11.5.2. Market Revenue and Forecast, by Product

11.5.3. Market Revenue and Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Service

11.5.4.2. Market Revenue and Forecast, by Product

11.5.4.3. Market Revenue and Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Service

11.5.5.2. Market Revenue and Forecast, by Product

11.5.5.3. Market Revenue and Forecast, by Application

Chapter 12. Company Profiles

12.1. Shell PLC

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Aker Solutions

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Equinor ASA

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Dakota Gasification Company

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Linde plc

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Siemens Energy

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Fluor Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Sulzer Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Mitsubishi Heavy Industries

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Japan CCS Co., Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global carbon capture and storage market size was accounted at USD 7.31 billion in 2024 and it is expected to reach around USD 50.70 billion by 2034.

The global carbon capture and storage market is poised to grow at a CAGR of 21.37% from 2025 to 2034.

The major players operating in the carbon capture and storage market are Shell PLC, Aker Solutions, Equinor ASA, Dakota Gasification Company, Linde plc, Siemens Energy, Fluor Corporation, Sulzer Ltd., Mitsubishi Heavy Industries, Japan CCS Co., Ltd., Carbon Engineering Ltd., LanzaTech and Others.

The driving factors of the carbon capture and storage market are the increase in investments and technological advancements, the increasing pace of industrialization and increased investment in manufacturing facilities.

North America region will lead the global carbon capture and storage market during the forecast period 2025 to 2034.

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