Report overview
Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation. The aim is to prevent the release of large quantities of CO2 into the atmosphere (from fossil fuel use in power generation and other industries). It is a potential means of mitigating the contribution of fossil fuel emissions to global warming and ocean acidification. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept.
This report aims to provide a comprehensive presentation of the global market for Carbon Capture and Storage, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Carbon Capture and Storage. This report contains market size and forecasts of Carbon Capture and Storage in global, including the following market information:
Global Carbon Capture and Storage Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Carbon Capture and Storage market was valued at US$ 4053 million in 2022 and is projected to reach US$ 5991.2 million by 2029, at a CAGR of 5.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main Carbon Capture and Storage players include Exxonmobil Corporation, Schlumberger, Linde AG, Halliburton, etc. The top four Carbon Capture and Storage players account for approximately 35% of the total global market. America is the largest consumer market for Carbon Capture and Storage accounting for about 49%, followed by Asia Pacific and Europe. In terms of Type, S Post-Combustion Carbon Capture is the largest segment with a share of 83%. And in terms of Applications, the largest segment is Oil & Gas, followed by Power Generation.
We surveyed the Carbon Capture and Storage companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Carbon Capture and Storage Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Carbon Capture and Storage Market Segment Percentages, by Type, 2022 (%)
Pre-Combustion Carbon Capture
Oxy-Combustion Carbon Capture
Post-Combustion Carbon Capture
Global Carbon Capture and Storage Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Carbon Capture and Storage Market Segment Percentages, by Application, 2022 (%)
Oil & Gas
Power Generation
Others
Global Carbon Capture and Storage Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Carbon Capture and Storage Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Carbon Capture and Storage revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Carbon Capture and Storage revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Exxonmobil Corporation
Schlumberger
Huaneng
Linde AG
Halliburton
BASF
General Electric
Siemens
Honeywell UOP
Sulzer
Equinor
NRG
AkerSolutions
Shell
Skyonic Corp.
Mitsubishi Hitachi
Fluor
Sinopec
Outline of Major Chapters:
Chapter 1: Introduces the definition of Carbon Capture and Storage, market overview.
Chapter 2: Global Carbon Capture and Storage market size in revenue.
Chapter 3: Detailed analysis of Carbon Capture and Storage company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Carbon Capture and Storage in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
