Carbon Capture and Storage Market By Capture Technology Type (Pre-combustion, Industrial Process, Post Combustion, and Oxy-combustion), By Applications (Power Generation, Oil & Gas, Metal Production, and Cement), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

Market Overview
Carbon Capture and Storage market was valued at 2.7 billion US$ in 2022 and is projected to reach 8.5 billion US$ by 2030, at a CAGR of 15.3% during the forecast period. Carbon capture and storage (CCS) is a technology that captures carbon dioxide (CO2) emissions produced by power plants and other industrial facilities, and then transports and stores the CO2 in underground geological formations. CCS is a potential solution to reduce greenhouse gas emissions and mitigate the impacts of climate change. The process of CCS typically involves three main steps, namely Carbon Capture, Carbon Transport, and Carbon Storage. CO2 is captured from the flue gases of power plants, industrial facilities or even directly from the air. This is done using various technologies such as amine-based solvents, chilled ammonia, or oxy-combustion. The captured CO2 is then transported, usually by pipeline, to the storage site. The CO2 is injected into deep underground rock formations, such as saline aquifers, depleted oil and gas reservoirs or unmineable coal seams. CCS can play a role in reducing emissions from power generation, heavy industry, and other sectors where it is difficult to reduce emissions through other means. However, CCS technologies are still at an early stage of development and commercial deployment, and the high costs associated with implementing the technology remain a challenge.

Carbon Capture and Storage Market Revenue, 2022-2030

Market Dynamics
An increase in CO2 emissions and an increasing need for energy along with reduction in consumption of coal in emerging countries are key driving factors of the market. However, high cost associated with CCS technologies and lack of awareness among people of various developing and underdeveloped regions might hamper the market growth. There are a significant number of forthcoming projects in the Asia-Pacific and Europe regions, which, combined with ongoing investments in the development of advanced carbon capture technologies, are expected to create growth opportunities for the carbon capture industry would provide lucrative opportunities for the market in coming years.

Market Segmentation
The global Carbon Capture and Storage market is mainly classified based on Capture Technology Type and Applications.
Capture Technology Type is further segmented into Pre-combustion, Industrial Process, Post Combustion, and Oxy-combustion.
By Applications the market is divided into Power Generation, Oil & Gas, Metal Production, and Cement.

Regional Analysis
Based on geography, the global Carbon Capture and Storage market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Market Revenue, By Region

Competitive landscape
Key players operating in the Carbon Capture and Storage industry include ADNOC Group, Aker Solutions, BP, Carbon Engineering Ltd., Chevron, Dakota Gasification Company, Equinor ASA, Exxonmobil Corporation, Fluor Corporation, Huaneng, Japan CCS Co., Ltd., LanzaTech, Linde plc, Mitsubishi Heavy Industries, NRG Energy, Schlumberger, Shell PLC, and Siemens Energy.

Carbon Capture and Storage Market Key Segments:

By Capture Technology Type
• Pre-combustion
• Industrial Process
• Post Combustion
• Oxy-combustion

By Applications
• Power Generation
• Oil & Gas
• Metal Production
• Cement

Key Global Carbon Capture and Storage Industry Players
• ADNOC Group
• Aker Solutions
• BP
• Carbon Engineering Ltd.
• Chevron
• Dakota Gasification Company
• Equinor ASA
• Exxonmobil Corporation
• Fluor Corporation
• Huaneng
• Japan CCS Co., Ltd.
• LanzaTech
• Linde plc
• Mitsubishi Heavy Industries
• NRG Energy
• Schlumberger
• Shell PLC
• Siemens Energy

1. Market Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Market Scope

2. Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary data sources

3. Carbon Capture and Storage Market Overview
3.1 Report Segmentation & Scope
3.2 Key Market Trend
3.3 Drivers
3.3.1 An increase in CO2 emissions and an increasing need for energy.
3.3.2 Reduction of consumption of coal in emerging countries
3.4 Restraints
3.4.1 High cost associated with CCS technologies
3.4.2 Lack of awareness among people of various developing and underdeveloped regions.
3.5 Opportunity
3.5.1 Significant number of forthcoming projects in the Asia-Pacific and Europe regions
3.6 Porter’s Five Forces Analysis
3.6.1 Porter’s Five Forces Analysis
3.7 Market Share Analysis

4. Capture Technology Type Overview
4.1 Introduction
4.1.1 Market Size & Forecast
4.2 Pre-combustion
4.2.1 Market Size & Forecast
4.3 Industrial Process
4.3.1 Market Size & Forecast
4.4 Post Combustion
4.4.1 Market Size & Forecast
4.5 Oxy-combustion
4.5.1 Market Size & Forecast

5. Applications Overview
5.1 Introduction
5.1.1 Market Size & Forecast
5.2 Power Generation
5.2.1 Market Size & Forecast
5.3 Oil & Gas
5.3.1 Market Size & Forecast
5.4 Metal Production
5.4.1 Market Size & Forecast
5.5 Cement
5.5.1 Market Size & Forecast

6. Carbon Capture and Storage Market Regional Overview
6.1 Introduction
6.1.1 Market Size & Forecast
6.2 North America Carbon Capture and Storage Market
6.2.1 North America Market Size & Forecast, By Country
6.2.2 North America Market Size & Forecast, By Capture Technology Type
6.2.3 North America Market Size & Forecast, By Applications
6.2.4 S.
6.2.4.1 Market Size and Forecast
6.2.5 Canada
6.2.5.1 Market Size and Forecast
6.2.6 Mexico
6.2.6.1 Market Size and Forecast
6.2.7 Europe Carbon Capture and Storage Market
6.2.7.1 Europe Market Size & Forecast, By Country
6.2.7.2 Europe Market Size & Forecast, By Capture Technology Type
6.2.7.3 Europe Market Size & Forecast, By Applications
6.2.7.4 Germany
6.2.7.4.1 Market Size and Forecast
6.2.7.5 France
6.2.7.5.1 Market Size and Forecast
6.2.7.6 UK
6.2.7.6.1 Market Size and Forecast
6.2.7.7 Italy
6.2.7.7.1 Market Size and Forecast
6.2.7.8 Spain
6.2.7.8.1 Market Size and Forecast
6.2.7.9 Rest of Europe
6.2.7.9.1 Market Size and Forecast
6.2.7.10 Asia-Pacific Carbon Capture and Storage Market
6.2.7.10.1 Asia-Pacific Market Size & Forecast, By Country
6.2.7.10.2 Asia-Pacific Market Size & Forecast, By Capture Technology Type
6.2.7.10.3 Asia-Pacific Market Size & Forecast, By Applications
6.2.7.10.4 China
6.2.7.10.4.1 Market Size and Forecast
6.2.7.10.5 Japan
6.2.7.10.5.1 Market Size and Forecast
6.2.7.10.6 India
6.2.7.10.6.1 Market Size and Forecast
6.2.7.10.7 South Korea
6.2.7.10.7.1 Market Size and Forecast
6.2.7.10.8 Australia
6.2.7.10.8.1 Market Size and Forecast
6.2.7.10.9 South East Asia
6.2.7.10.9.1 Market Size and Forecast
6.2.7.10.10 Rest of Asia-Pacific
6.2.7.10.10.1 Market Size and Forecast
6.2.7.10.11 South America Carbon Capture and Storage Market
6.2.7.10.11.1 South America Market Size & Forecast, By Country
6.2.7.10.11.2 South America Market Size & Forecast, By Capture Technology Type
6.2.7.10.11.3 South America Market Size & Forecast, By Applications
6.2.7.10.11.4 Brazil
6.2.7.10.11.4.1 Market Size and Forecast
6.2.7.10.11.5 Argentina
6.2.7.10.11.5.1 Market Size and Forecast
6.2.7.10.11.6 Rest of South America
6.2.7.10.11.6.1 Market Size and Forecast
6.2.7.10.11.7 Middle East & Africa Carbon Capture and Storage Market
6.2.7.10.11.7.1 Middle East & Africa Market Size & Forecast, By Country
6.2.7.10.11.7.2 Middle East & Africa Market Size & Forecast, By Capture Technology Type
6.2.7.10.11.7.3 Middle East & Africa Market Size & Forecast, By Applications
6.2.7.10.11.7.4 GCC Countries
6.2.7.10.11.7.4.1 Market Size and Forecast
6.2.7.10.11.7.5 UAE
6.2.7.10.11.7.5.1 Market Size and Forecast
6.2.7.10.11.7.6 Saudi Arabia
6.2.7.10.11.7.6.1 Market Size and Forecast
6.2.7.10.11.7.7 South Africa
6.2.7.10.11.7.7.1 Market Size and Forecast
6.2.7.10.11.7.8 Rest of Middle East & Africa
6.2.7.10.11.7.8.1 Market Size and Forecast

7. Company Profile
7.1 ADNOC Group
7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2 ADNOC Group Product Category, Application, and Specification
7.1.3 ADNOC Group Financial Performance (2016-2018)
7.1.4 Main Business/Business Overview
7.2 Aker Solutions
7.3 BP
7.4 Carbon Engineering Ltd.
7.5 Chevron
7.6 Dakota Gasification Company
7.7 Equinor ASA
7.8 Exxonmobil Corporation
7.9 Fluor Corporation
7.10 Huaneng
7.11 Japan CCS Co., Ltd.
7.12 LanzaTech
7.13 Linde plc
7.14 Mitsubishi Heavy Industries
7.15 NRG Energy
7.16 Schlumberger
7.17 Shell PLC