Global Carbon Capture And Storage Market Size & Outlook

The carbon capture and storage industry worldwide is expected to reach a projected revenue of US$ 5,610.0 million by 2030. A compound annual growth rate of 7.1% is expected of the worldwide carbon capture and storage industry from 2024 to 2030.

Revenue, 2023 (US$M)
$3,474.2
Forecast, 2030 (US$M)
$5,610.0
CAGR, 2024 - 2030
7.1%
Report Coverage
Worldwide

Global carbon capture and storage market highlights

  • The global carbon capture and storage market generated a revenue of USD 3,474.2 million in 2023 and is expected to reach USD 5,610.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 7.1% by 2030.
  • In terms of segment, power generation accounted for a revenue of USD 2,383.2 million in 2023.
  • Power generation is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 3,474.2 million
Market revenue in 2030USD 5,610.0 million
Growth rate7.1% (CAGR from 2023 to 2030)
Largest segmentPower generation
Fastest growing segmentPower generation
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower generation, Oil & Gas, Metal production, Cement

Other key industry trends

  • In terms of revenue, the North America accounted for 36.8% of the global carbon capture and storage market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, UAE is the fastest growing regional market and is projected to reach USD 205.4 million by 2030.

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Carbon Capture And Storage Market Companies

Name Profile # Employees HQ Website

Global carbon capture and storage market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon capture and storage market will help companies and investors design strategic landscapes.


Power generation was the largest segment with a revenue share of 68.6% in 2023. Horizon Databook has segmented the Global carbon capture and storage market based on power generation, oil & gas, metal production, cement covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Carbon Capture And Storage Application Outlook (Revenue, USD Million, 2018-2030)
    • Power generation
    • Oil & Gas
    • Metal production
    • Cement
    • Others
  • Global Carbon Capture And Storage Technology Outlook (Revenue, USD Million, 2018-2030)
    • Post combustion
    • Industrial Process
    • Pre-combustion
    • Oxy-Combustion

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Target buyers of Global carbon capture and storage market databook

  • Our clientele includes a mix of carbon capture and storage market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbon capture and storage market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon capture and storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global carbon capture and storage market size, by region, 2018-2030 (US$M)

Top 10 countries by Carbon Capture And Storage Market revenue, 2023 (US$M)

Global carbon capture and storage market share, by application, 2023 & 2030 (%, US$M)

carbon capture and storage market: Opportunity assessment by country

Global carbon capture and storage market, by region, 2023 (US$M)

Global carbon capture and storage market size, by region, 2018-2030 (US$M)

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