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Carbon Capture and Storage Market Share

Report ID: GMI2033
Published Date: Dec 2024
Report Format: PDF

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Carbon Capture and Storage Market Share

Leading manufacturers in the carbon capture and storage industry are increasingly prioritizing strategic collaborations, mergers, and acquisitions to strengthen their competitive position and expand their market reach. These initiatives aim to leverage synergies, access advanced technologies, and enhance operational efficiencies, providing a significant edge over competitors. The rollout of numerous CCS projects globally is expected to boost profitability and help companies capture a larger share of the market.

Carbon Capture and Storage Market Companies

Major players operating in the carbon capture and storage industry are:

Air Products
Aker Solutions
Chevron
Dakota Gasification Company
Equinor
Exxon Mobil
Fluor
General Electric
Halliburton
Linde
Mitsubishi Heavy Industries
NRG Energy
Shell
Siemens
SLB
Sulzer
TotalEnergies

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global market for carbon capture and storage was reached USD 8.8 billion in 2024 and is projected to grow at a 16.7% CAGR from 2025 to 2034, driven by rising investments in emission control technologies and industrialization.

The post-combustion carbon capture and storage technology market is expected to exceed USD 34 billion by 2034, supported by its ability to retrofit existing facilities and efficiently capture carbon from large power plants.

The power generation application market is anticipated to grow at a CAGR of over 17% through 2034, led by the integration of CCS technologies for hydrogen production and compliance with stringent environmental regulations.

The U.S. carbon capture and storage market is forecasted to reach USD 11.5 billion by 2034, fueled by modernization of emission control systems and the development of major CCS projects.

Key players in the carbon capture and storage market include Air Products, Aker Solutions, Chevron, Dakota Gasification Company, Equinor, Exxon Mobil, Fluor, General Electric, Halliburton, Linde, Mitsubishi Heavy Industries, NRG Energy, Shell, Siemens, SLB, Sulzer, and TotalEnergies.