Carbon Capture Storage (CCS) Market Upcoming Growth, Key Player Analysis and Forecast 2032

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rising demand from sectors including chemical manufacture, Oil & Gas (O&G) production, and power generation is another factor driving revenue growth of the CCS market.

The global Carbon Capture Storage (CCS) Market size was USD 5.21 Billion in 2022 and is expected to reach USD 12.48 Billion in 2032, and register a rapid revenue CAGR of 10% during the forecast period.

Rising adoption of laws and regulations by governments throughout the world to minimize Greenhouse Gas (GHG) emissions is a key factor driving market revenue growth. CCS technology helps to capture and store Carbon Dioxide (CO2) produced during the burning of fossil fuels in electricity generation and industrial processes. For instance, the Green Deal of European Union (EU) seeks to cut GHG emissions by 55% by 2030, while China has set a target of becoming carbon neutral by 2060.

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Top companies profiled in the report are:

  • Shell
  • Chevron Corporation
  • ExxonMobil Corporation
  • BP
  • ConocoPhillips
  • Schlumberger Limited
  • Aker Solutions
  • Mitsubishi Heavy Industries Ltd.
  • Air Products and Chemicals Inc.
  • Linde Group

Regional Segmentation:

  • North America (U.S.A., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Key Points Explained in the Regional Outlook Section:

  •  Regional market revenue share over the forecast period
  • Key factors contributing to the regional market growth over the forecast period
  • Vital information related to each regional market
  • Leading companies in each regional market, as well as the leading products of these companies
  • Detailed study of the supply & demand ratios and production & consumption patterns in each regional market

Carbon Capture Storage (CCS) Market Segmentation:

By Technology Outlook: 

  • Post-combustion
  • Pre-combustion
  • Oxy-fuel combustion

By Application Outlook: 

  • Enhanced Oil Recovery
  • Industrial Processes
  • Power Generation

 Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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