Norway Carbon Capture And Storage Market Size & Outlook

The carbon capture and storage market in Norway is expected to reach a projected revenue of US$ 254.9 million by 2030. A compound annual growth rate of 6.4% is expected of Norway carbon capture and storage market from 2024 to 2030.
Revenue, 2023 (US$M)
$165.1
Forecast, 2030 (US$M)
$254.9
CAGR, 2024 - 2030
6.4%
Report Coverage
Norway

Norway carbon capture and storage market highlights

  • The Norway carbon capture and storage market generated a revenue of USD 165.1 million in 2023 and is expected to reach USD 254.9 million by 2030.
  • The Norway market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
  • In terms of segment, power generation was the largest revenue generating application in 2023.
  • Power generation is the most lucrative application segment registering the fastest growth during the forecast period.

Carbon capture and storage market data book summary

Market revenue in 2023USD 165.1 million
Market revenue in 2030USD 254.9 million
Growth rate6.4% (CAGR from 2023 to 2030)
Largest segmentPower generation
Fastest growing segmentPower generation
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower generation, Oil & Gas, Metal production, Cement
Key market players worldwideShell PLC, Aker Solutions ASA, Equinor ASA, Linde PLC, Siemens AG, Fluor Corp, Sulzer AG, Mitsubishi Corp, Dakota Gasification

Other key industry trends

  • In terms of revenue, Norway accounted for 4.8% of the global carbon capture and storage market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Norway carbon capture and storage market is projected to lead the regional market in terms of revenue in 2030.
  • Italy is the fastest growing regional market in Europe and is projected to reach USD 61.1 million by 2030.

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Carbon Capture And Storage Market Companies

Name Profile # Employees HQ Website

Norway 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 61.84% in 2023. Horizon Databook has segmented the Norway 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.


  • Norway Carbon Capture And Storage Application Outlook (Revenue, USD Million, 2018-2030)
    • Power generation
    • Oil & Gas
    • Metal production
    • Cement
    • Others
  • Norway 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 Norway 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 country-level data and insights on the Norway carbon capture and storage market , including forecasts for subscribers. This country databook contains high-level insights into Norway carbon capture and storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

Norway Carbon Capture And Storage Market Outlook Share, 2023 & 2030 (US$M)

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

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