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Europe Power Generation Carbon Capture and Storage Market Size

  • Report ID: GMI10801
  • Published Date: Aug 2024
  • Report Format: PDF

Europe Power Generation Carbon Capture and Storage Market Size

Europe Power Generation Carbon Capture and Storage Market size was valued at USD 429.3 million in 2023 and is expected to grow at a CAGR of 30.9% from 2024 to 2032. The Carbon Capture & Storage (CCS) industry is witnessing a notable growth with the growing focus on the adoption of various clean energy technologies. The power generation industry is consistently pursuing cleaner generation with the incorporation of different technological innovations. The prolific growth across the sector is accompanied by the release of carbon emissions, which has necessitated the widespread adoption of CCS technologies.

 

Increasing investments across coal & gas-fired power stations have significantly propelled the industry landscape. Furthermore, shifting trends toward clean energy coupled with strict environment norms to minimize the carbon emissions will propel the industry growth across the power generation applications.
 

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for power generation carbon capture and storage in Europe reached USD 429.3 million in 2023 and is set to register 30.9% CAGR between 2024 to 2032, owing to growing focus on the adoption of various clean energy technologies.

Europe power generation carbon capture and storage industry from the post-combustion segment will record 31.5% CAGR through 2032, due to the rising demand for clean energy and corporate sustainability.

U.K. market size to reach USD 5.5 billion by 2032, attributed to active government support and the inclination towards decarbonizing goals.

Aker Solutions, Baker Hughes, CarbonFree, Dakota Gasification Company, Equinor ASA, Exxon Mobil Corporation, Fluor Corporation, General Electric, and Global Thermostat, among others.

Europe Power Generation Carbon Capture and Storage Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 15
  • Countries covered: 3
  • Pages: 120
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