Authored By: Sarah
13 Feb 2025

Latest News- Carbon Capture And Storage (CCS) Market: Pre-combustion is expected to lead the Technology segment during 2025-2029

The Carbon Capture And Storage (CCS) Market is being driven by Dependence on fossil fuels for generation of electricity

The Carbon Capture And Storage (CCS) Market is expected to grow at a CAGR of 26.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15831.6 million. In developed economies, the carbon capture and storage (CCS) market has gained considerable traction as these nations prioritize the reduction of carbon emissions in their mature power generation sectors. With advanced technologies and energy demands met, substantial investments have enabled a shift towards low-carbon technologies. Conversely, developing economies, including China, India, and Brazil, are primarily focused on energy security due to their early stages of economic development and heavy reliance on coal for energy provision to their vast populations and industries. These nations, particularly China and India, account for significant global coal consumption, making CCS a crucial consideration for their future energy strategies. 

Get more information on Carbon Capture And Storage (CCS) Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Technology
    • Pre-combustion
    • Post-combustion
    • Oxy-fuel combustion
  • Application
    • Enhanced oil recovery
    • Geological storage
  • Distribution Channel
    • Pipeline
    • Ships
  • End-user
    • Power and oil and gas
    • Manufacturing
  • Geography
    • North America
      • Canada
      • US
    • APAC
      • China
      • India
    • Europe
      • Germany
      • UK
      • Norway
    • Middle East and Africa
      • South America
        • Brazil

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Dependence on fossil fuels for generation of electricity
    • Hike in investments and advances in technology
    • Need to adhere to stringent environmental regulations

    However, the market also witnesses some limitations, which are as follows:

    • Risks associated with carbon capture and storage
    • High implementation cost of carbon capture and storage technology
    • Rising demand for renewable energy sources

    Benefits of Buying Global Carbon Capture And Storage (CCS) Market Research Report by Technavio

    Rich Experience: 20+ years leading global market research, trusted insights across industries.

    Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

    Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

    Market Scope in Carbon Capture And Storage (CCS) Market Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    241

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 26.6%

    Market growth 2025-2029

    USD 15831.6 million

    Market structure

    market_structure.ucfirst

    YoY growth 2024-2025(%)

    22.0

    Key countries

    US, Canada, China, Brazil, Norway, UAE, Australia, UK, India, and Germany

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

    Request Free Sample

    Find out which segment is leading the market by accessing the free PDF report

    Research Analysis Overview

    The Carbon Capture and Storage (CCS) market focuses on mitigating the environmental impact of fossil fuel usage and industrial processes by capturing and storing carbon dioxide (CO2) emissions. This technology is crucial in reducing greenhouse gas emissions, contributing to the prevention of ozone depletion and climate change. CCS is applied in electricity generation, industrial processes, and power plants through methods like pre-combustion capture and oxy-fuel combustion. Regulations and policies, tax benefits, and the shift towards green energy sources drive the demand for CCS technology. Industrial sources, energy needs, and carbon footprints are significant factors influencing the market. Major technology providers are investing in CCUS to meet the growing demand for sustainable solutions in power generation and industrial plants.

    Market Research Overview

    In the business sphere, the Carbon Capture and Storage (CCS) market focuses on mitigating the environmental impact of fossil fuel usage and industrial processes. This sector primarily deals with the capture, transportation, and storage of carbon dioxide (CO2) emissions. The global CCS market size encompasses the consolidated revenue of companies involved in CO2 capture technology, transportation infrastructure, and geological storage solutions. Drivers for market expansion include stringent environmental regulations, the need to reduce greenhouse gas emissions, and the prevention of ozone depletion and climate change. Supportive government policies and targets for the deployment of clean energy technologies further bolster market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

    Read News Read Less
    Interested in this report?
    Get your sample now!

    Safe and Secure SSL Encrypted

    Technavio

    • 2500 USD

    [5 reports/month/user]

    • 5000 USD

    close
    • Basic Plan [5000 USD/Year]:

      Single User
      Download 5 Reports/Month
      View 100 Reports/Month
      Add upto 3 Users at 625 USD/user

    • Teams Plan [7500 USD/Year]:

      5 User
      Download 5 Reports/Month/User
      View 100 Reports/Month/User
      Add upto 30 Users at 500 USD/user

    *You can upgrade to Teams plan at Subscription page

    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization).
      Complimentary Customization Included

    *For Enterprise license, go to checkout page

    Technavio Get the report (PDF) sent to your email within minutes.