The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
— The Business Research Company
LONDON, GREATER LONDON , UK, August 23, 2024 /EINPresswire.com/ — The global carbon capture and storage (CCS) market has witnessed substantial growth, expanding from $5.43 billion in 2023 to $6.23 billion in 2024, with a compound annual growth rate (CAGR) of 14.8%. Despite challenges, the market is forecasted to reach $10.79 billion by 2028 at a compound annual growth rate (CAGR) of 14.7%, driven by factors such as increasing government funding, carbon pricing initiatives, and global net-zero commitments.
Surge in Global Carbon Dioxide Emissions Fuels Market Growth
The rising global carbon dioxide emissions are a major driver for the carbon capture and storage market. Carbon dioxide emissions, resulting from fossil fuel combustion and cement production, are a significant concern for climate change. The International Energy Agency reported a 6% increase in CO2 emissions to 36.3 billion tons in 2021, highlighting the need for effective carbon capture solutions. As emissions rise, the demand for CCS technologies to separate and store CO2 continues to grow.
Explore comprehensive insights into the global carbon capture and storage market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=10170&type=smp
Carbon Capture And Storage Market Key Players and Market Trends
Leading companies in the CCS market include Aker Solutions ASA, Equinor ASA, Fluor Corporation, and Shell PLC, among others. These players are focused on product innovation and strategic partnerships to enhance their CCS technologies.
Carbon Capture And Storage Market Segmentation
The carbon capture and storage market is segmented as follows:
• By Product: Pre-Combustion, Industrial Process, Post Combustion, Oxy-Combustion
• By Service: Capture, Transportation, Utilization, Storage
• By End-Use Industry: Oil and Gas, Coal and Biomass Power Plant, Iron and Steel, Chemicals, Other End-Use Industries
Geographical Insights: North America Leading The market
North America led the CCS market in 2023, but Asia-Pacific is expected to be the fastest-growing region during the forecast period. This growth is driven by rapid industrialization and increasing government incentives in developing regions.
Access the complete report for an in-depth analysis of the global carbon capture and storage market:
https://www.thebusinessresearchcompany.com/report/carbon-capture-and-storage-global-market-report
Carbon Capture And Storage Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Carbon Capture And Storage Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on carbon capture and storage market size, carbon capture and storage market drivers and trends, carbon capture and storage market major players, carbon capture and storage competitors’ revenues, carbon capture and storage market positioning, and carbon capture and storage market growth across geographies. The carbon capture and storage market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Carbon And Graphite Product Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/carbon-and-graphite-product-global-market-report
Carbon Black Global Market Report 2024 https://www.thebusinessresearchcompany.com/report/carbon-black-global-market-report
Carbon Footprint Management Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/carbon-footprint-management-global-market-report
About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Originally published at https://www.einpresswire.com/article/737688428/global-carbon-capture-and-storage-market-overview-and-statistics-for-2024-2033