Carbon Capture and Storage Market Share

North American Market Forecast

The carbon capture and storage market in North America is estimated to dominate majority revenue share by 2037, backed by growing CCS projects in this region. There were about 15 CCS projects operating in North America as of April 2022, while an additional approximately 79 CCS projects were in various stages of development. Additionally, growing initiatives of net zero is also set to influence the growth of the market in this region.

APAC Market Analysis

The Asia Pacific carbon capture and storage market is set to have significant growth over the forecast period. Due to the combination of an increase in industrialization and rising investments in the expansion of manufacturing facilities the market for CCS is anticipated to increase. Additionally, the rapid construction of gas and coal power plants and coal mining to meet the region's rising energy demand would hasten the expansion of the Asia Pacific market.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of carbon capture and storage is assessed at USD 9.26 billion.

The carbon capture and storage market size was over USD 7.98 billion in 2024 and is anticipated to cross USD 81.86 billion by the end of 2037, witnessing more than 19.8% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by rising demand for power generation, growing need to recover oil, and surge in use of CCS in producing fertilizers.

North America industry is estimated to dominate majority revenue share by 2037, backed by growing CCS projects in this region.

The major players in the market include Exxon Mobil, Honeywell International Inc., Aker Solutions, Dakota Gasification Company, Fluor Corporation, Halliburton, Shell, The Linde Group, Siemens AG, General Electric.

Carbon Capture and Storage Market Share