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Carbon Capture and Storage Market Share

Report ID: GMI2033
Published Date: Jan 2023
Report Format: PDF

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Carbon Capture and Storage Market Share

Some major carbon capture and storage market contenders include

Shell CANSOLV
Dakota Gasification Company
Fluor Corporation
Mitsubishi Heavy Industries, Ltd.
General Electric
NRG Energy, Inc.
Siemens

Many of these companies are focusing on strategic agreements to gain a competitive edge. For instance, in November 2022, US-based natural gas company, Exxon Mobil Corporation, entered a strategic agreement with Indonesian energy company, Pertamina, to further the progress on its regional CCS hub for domestic and global CO2.

This agreement will support Indonesia’s 2060 net-zero target and its mission to become a carbon capture and storage leader.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of carbon capture and storage crossed USD 6.8 billion in 2023 and is poised to grow at more than 19% gains through 2032.

The APAC market was valued at USD 1 billion in 2022, due to rising government focus on curbing industrial emissions.

The oxy-fuel combustion technology segment is anticipated to show a growth rate of more than 20% by 2032, owing to its energy-efficient and affordable nature.

Some of the key carbon capture and storage sector contenders include Linde plc, Aker Solutions, SLB, Siemens, Exxon Mobil Corporation, Shell CANSOLV, HALLIBURTON, and General Electric, among others.