Global Carbon Capture And Storage Market Size & Outlook
Global carbon capture and storage market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 3,474.2 million |
| Market revenue in 2030 | USD 5,610.0 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Power generation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power 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 Scope
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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Our clientele includes a mix of carbon capture and storage market companies, investment firms, advisory firms & academic institutions.
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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)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 113.7 | 119.9 | 118.3 | 125.0 | 132.9 | 140.9 | 149.5 | 159.5 | 170.6 | 182.6 | 196.3 | 212.1 | 230.0 | 6.5% |
| Europe | 802.1 | 840.0 | 822.4 | 862.4 | 909.7 | 957.4 | 1,008.4 | 1,067.8 | 1,133.4 | 1,203.9 | 1,284.5 | 1,377.1 | 1,482.2 | 5.8% |
| North America | 1,029.2 | 1,086.0 | 1,071.6 | 1,132.6 | 1,204.1 | 1,277.1 | 1,355.6 | 1,446.7 | 1,547.7 | 1,656.8 | 1,781.5 | 1,925.0 | 2,100.9 | 6.9% |
| MEA | 165.2 | 172.6 | 168.8 | 176.8 | 186.1 | 195.5 | 205.4 | 216.8 | 229.4 | 242.7 | 257.8 | 275.1 | 281.6 | 4.9% |
| Asia Pacific | 714.7 | 756.9 | 749.7 | 795.2 | 848.5 | 903.3 | 962.4 | 1,030.8 | 1,106.8 | 1,189.2 | 1,283.4 | 1,391.8 | 1,515.3 | 7.1% |
| Overall | 2,824.9 | 2,975.4 | 2,930.8 | 3,092.0 | 3,281.3 | 3,474.2 | 3,681.3 | 3,921.6 | 4,187.8 | 4,475.2 | 4,803.5 | 5,181.0 | 5,610.0 | 7.1% |
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