Global Carbon Capture and Storage Market Size to Exceed USD 22.2 billion by 2035 I CAGR of 12.72%

Global Carbon Capture and Storage Market Size to Exceed USD 22.2 billion by 2035

According to a research report published by Spherical Insights & Consulting, The Global Carbon Capture and Storage Market Size is Expected to Grow from USD 5.95 Billion in 2024 to USD 22.2 Billion by 2035, at a CAGR of 12.72% During the Forecast Period 2025-2035.          

Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the ''Global Carbon Capture and Storage Market Size, Share, and COVID-19 Impact Analysis, By Technology (Post combustion, Industrial Process, Pre-combustion, and Oxy-Combustion), By Application (Power generation, Oil & Gas, Metal production, Cement, and Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. ''Detailed Report Decription Here: https://www.sphericalinsights.com/reports/carbon-capture-and-storage-market  

Carbon capture and storage (CCS) is a technology that captures carbon dioxide emissions from power plants and industrial processes, transports them, and stores them safely underground to prevent atmospheric release. The CCS market is gaining momentum due to rising global concerns over climate change, stringent emission regulations, and increasing net-zero commitments by governments and industries. Growing CO2 emissions from power generation, cement, steel, and chemical sectors further drive market adoption, supported by government incentives and carbon pricing mechanisms. However, market growth is restrained by high capital and operational costs, complex infrastructure requirements, limited availability of suitable storage sites, and regulatory uncertainties. Despite these challenges, technological advancements and large-scale project deployments continue to support steady market expansion.

The post combustion segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.           

Based on the technology, the carbon capture and storage market is divided into post combustion, industrial process, pre-combustion, and oxy-combustion. Among these, the post combustion segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This is primarily due to the ease of integrating post-combustion systems into existing power plants and industrial facilities, driving widespread global adoption. The post-combustion segment is also expected to register a strong CAGR during the forecast period, supported by continued investments, advancements in capture technologies, and rising demand for cost-effective retrofit solutions across multiple industries.

The power generation segment accounted for the highest market revenue in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.     

Based on the application, the carbon capture and storage market is divided into power generation, oil & gas, metal production, cement, and others. Among these, the power generation segment accounted for the highest market revenue in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This leadership stems from the widespread implementation of CCS in fossil fuel-based power plants to reduce substantial CO2 emissions in compliance with strict environmental regulations, positioning power generation as the top revenue-generating segment. The segment is also expected to witness a strong CAGR during the forecast period, driven by accelerating global decarbonization initiatives and rising investments in cleaner and more sustainable energy systems.

North America is expected to hold the majority share of the carbon capture and storage market over the predicted timeframe.       

North America is expected to hold the majority share of the carbon capture and storage market over the predicted timeframe. North America has consistently been at the forefront of the global CCS market, supported by robust infrastructure, favorable policy frameworks including tax incentives and regulations, and substantial investments in large-scale carbon capture and storage projects across the United States and Canada. The region led the market in 2024 and is projected to retain its dominance as demand for decarbonization technologies rises across power generation, industrial, and energy sectors.

Asia Pacific is anticipated to grow at the fastest pace in the carbon capture and storage market during the forecast period. Asia-Pacific is projected to register a rapid CAGR in the carbon capture and storage market, driven by accelerated industrialization, increasing energy demand, and rising CO2 emissions from power, cement, and steel industries. The region’s growth is further supported by strong government climate initiatives, expanding carbon reduction policies, growing investments in clean energy infrastructure, and international collaborations on decarbonization technologies, particularly in countries like China, India, and Australia.

Major vendors in the global carbon capture and storage market are, Aker Solutions ASA, Dakota Gasification, Equinor ASA, Fluor Corp, Linde PLC, Mitsubishi Corporation, Shell PLC, and Sulzer AG.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the carbon capture and storage market based on the below-mentioned segments: 

Global Carbon Capture and Storage Market, By Technology  

• Post combustion
• Industrial Process
• Pre-combustion
• Oxy-Combustion

Global Carbon Capture and Storage Market, By Application

• Power generation
• Oil & Gas
• Metal production
• Cement
• Others

Global Carbon Capture and Storage Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa