Growth is fueled by EU policies and CCS adoption for emission reduction. Key drivers include enhanced oil recovery applications, while high costs may impede global uptake.
Carbon Capture and Storage Market
Dublin, Aug. 19, 2025 (GLOBE NEWSWIRE) -- The "Carbon Capture and Storage Market Size, Share & Trends Analysis Report by Technology (Post-combustion, Industrial Process, Pre-combustion), Application (Power Generation, Oil & Gas, Metal Production), and Region with Growth Forecasts, 2025-2030" has been added to ResearchAndMarkets.com's offering.
The Carbon Capture and Storage (CCS) Market, valued at USD 3.68 billion in 2024, is set to soar to USD 5.61 billion by 2030, achieving an impressive CAGR of 7.40%. This upward trajectory is supported by favorable governmental policies and funding within the European Union (EU), which are pivotal in driving the market's growth.
With escalating concerns over carbon emissions' environmental impact, CCS technology is rapidly gaining traction. Governments globally are advocating for its deployment through various industrial pilot projects. The technology's potential as a large-scale solution to meet ambitious CO2 emission reduction targets and climate control goals is a key factor behind its adoption.
The European Union has positioned itself as a pioneer in CCS technology integration within its energy and climate strategy, targeting an 80%-95% emission reduction by 2050. The region's market expansion is mainly driven by policies and funding aimed at developing cost-effective, efficient CCS technologies.
Increased utilization of carbon dioxide in Enhanced Oil Recovery (EOR) applications propels global CCS demand. However, the high technology costs pose challenges, potentially hindering broader adoption by industries and nations worldwide.
Industry players are leveraging strategies like partnerships, new product launches, expansions, mergers & acquisitions, joint ventures, and partnership agreements to enhance their market presence and customer base. For instance, Technip Energies N.V. launched CaptureNow in June 2023, unifying carbon capture, storage, and utilization technologies under one platform.
Carbon Capture and Storage Market Report Highlights:
Technology Aspect: The pre-combustion segment led the market, capturing over 70% revenue share in 2024 due to its broad application in producing clean energy like e-fuels and blue hydrogen.
Application Segment: Power generation dominated with a market share exceeding 69% in 2024, driven by regulatory mandates on power plants necessitating CCS facility implementation for carbon emission compliance.
Regional Growth: Europe's market is anticipated to expand at the highest CAGR of 6.8% during the forecast period, bolstered by supportive governmental policies. For instance, the European Union's Net Zero Industry Act, launched in March 2023, sets a CO2 injection target of 50 Mt for 2030, incentivizing CCS technology adoption.
This report addresses:
Market intelligence for effective decision-making
Market estimates and forecasts from 2018 to 2030
Growth opportunities and trend analyses
Segment and regional revenue forecasts for market assessment
Competition strategy and market share analysis
Product innovation listings to stay ahead of the curve
Why Should You Buy This Report?
Comprehensive Market Analysis: Obtain detailed market insights across major regions and segments.
Competitive Landscape: Explore the market presence of key players.
Future Trends: Discover pivotal trends and drivers shaping the market's future.
Actionable Recommendations: Utilize insights to identify new revenue streams and guide strategic business decisions.
Key Attributes
Report Attribute | Details |
No. of Pages | 192 |
Forecast Period | 2024-2030 |
Estimated Market Value (USD) in 2024 | $3.68 Billion |
Forecasted Market Value (USD) by 2030 | $5.61 Billion |
Compound Annual Growth Rate | 7.4% |
Regions Covered | Global |
Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Research Scope and Assumptions
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Carbon Capture and Storage Market: Market Variables, Trends, & Scope
3.1. Market Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.6. Industry Analysis - Porter's
3.7. PESTEL analysis
Chapter 4. Carbon Capture and Storage Market: Technology Estimates & Trend Analysis
4.1. Technology Movement Analysis
4.2. Capture Technology
4.3. Industrial Process
4.4. Pre-combustion
4.5. Oxy-Combustion
Chapter 5. Carbon Capture and Storage Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis
5.2. Power Generation
5.3. Oil & Gas
5.4. Metal Production
5.5. Cement
5.6. Others
Chapter 6. Carbon Capture and Storage Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Central & South America
6.6. Middle East & Africa
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis
7.2. Kraljic Matrix
7.3. Company Categorization
7.4. Heat Map Analysis
7.5. Company Profiles/Listing
The major companies featured in this Carbon Capture and Storage market report include:
Shell PLC
Aker Solutions
Equinor ASA
Dakota Gasification Company
Linde plc
Siemens Energy
Fluor Corporation
Sulzer Ltd.
Mitsubishi Heavy Industries Ltd. (MHI)
Japan CCS Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/pdhuqf
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