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Europe Power Generation Carbon Capture and Storage Market Trends

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

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Europe Power Generation Carbon Capture and Storage Market Trends

Ongoing government funding programs along with the mergers & acquisitions by the companies to achieve the levels of investment & support required for the commercial-scale CCS integration will boost the technology demand. Furthermore, increasing awareness toward CCS implementation has led various industrial players to look for better & cost-effective technologies, which possess optimum O&M cost with longer lifespan. As a result, innovative & technically advanced carbon capturing technologies to meet the regulatory targets are gaining wide acceptance across the Europe.

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.