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North America Power Generation Carbon Capture and Storage Market Size
- Report ID: GMI11468
- Published Date: Sep 2024
- Report Format: PDF
North America Power Generation Carbon Capture and Storage Market Size
North America power generation carbon capture and storage market was valued at USD 800 million in 2023 and will grow at a CAGR of 29% from 2024 to 2032.
The carbon capture and storage (CCS) industry across power generation application is experiencing significant growth driven by an increasing emphasis on adopting clean energy technologies and sustainable industry practices. In recent years, regulators across the region have introduced numerous policies aimed at achieving zero-emission targets and reducing carbon footprints, leading to a surge in technology deployment across various sectors.
Countries including the U.S. and Canada are addressing key challenges related to the safe storage of carbon, aiming to curtail fossil fuel usage and, consequently, the carbon footprint. Furthermore, factors such as assessing carbon storage resources and developing comprehensive measurement, monitoring, and implementation plans for CCS projects across power applications are pivotal in accelerating the adoption of CCS technology.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Power Generation Carbon Capture and Storage Market Size in 2023: | USD 800 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 29% |
| 2032 Value Projection: | USD 6.7 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Technology & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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North America Power Generation Carbon Capture and Storage Market Scope
