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North America Power Generation Carbon Capture and Storage Market Trends

Report ID: GMI11468
Published Date: Sep 2024
Report Format: PDF

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North America Power Generation Carbon Capture and Storage Market Trends

The power generation industry is actively adopting technological innovations to achieve cleaner energy generation. While the sector has seen prolific growth, it has also led to increased carbon emissions, underscoring the urgent need for widespread adoption of Carbon Capture and Storage (CCS) technologies. Additionally, significant investments in coal and gas-fired power stations have reshaped the industry's landscape. As trends shift towards cleaner energy and stringent environmental regulations aim to curb carbon emissions, the power generation sector is poised for continued growth across the North America region.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

North America power generation carbon capture and storage market was valued at USD 0.8 billion in 2023 and will grow at a 29% CAGR from 2024 to 2032 driven by an increasing emphasis on adopting clean energy technologies and sustainable industry practices

The post-combustion technology segment in the North America power generation carbon capture and storage (CCS) industry is projected to grow at over 27.5% CAGR up to 2032 led by growing demand for clean energy, coupled with corporate sustainability initiatives

U.S. power generation carbon capture and storage (CCS) industry is anticipated to surpass USD 5 billion by 2032 led by continuous and exponential rise in the efforts to track and control the emissions from fossil fuels across the power generation sector

Aker Solutions, Baker Hughes, CarbonFree, Dakota Gasification Company, Equinor, Exxon Mobil, Fluor, and General Electric