Global Carbon Capture and Storage Market Growth (Status and Outlook) 2023-2029

Carbon capture and storage (CCS) (or carbon capture and sequestration or carbon control and sequestration) is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation. The aim is to prevent the release of large quantities of CO2 into the atmosphere (from fossil fuel use in power generation and other industries). It is a potential means of mitigating the contribution of fossil fuel emissions to global warming and ocean acidification. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept.

LPI (LP Information)' newest research report, the “Carbon Capture and Storage Industry Forecast” looks at past sales and reviews total world Carbon Capture and Storage sales in 2022, providing a comprehensive analysis by region and market sector of projected Carbon Capture and Storage sales for 2023 through 2029. With Carbon Capture and Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon Capture and Storage industry.

This Insight Report provides a comprehensive analysis of the global Carbon Capture and Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carbon Capture and Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Carbon Capture and Storage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon Capture and Storage and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon Capture and Storage.

The global Carbon Capture and Storage market size is projected to grow from US$ 3853.3 million in 2022 to US$ 5880.3 million in 2029; it is expected to grow at a CAGR of 6.2% from 2023 to 2029.

The main Carbon Capture and Storage players include Exxonmobil Corporation, Schlumberger, Linde AG, Halliburton, etc. The top four Carbon Capture and Storage players account for approximately 35% of the total global market. America is the largest consumer market for Carbon Capture and Storage accounting for about 49%, followed by Asia Pacific and Europe. In terms of Type, S Post-Combustion Carbon Capture is the largest segment with a share of 83%. And in terms of Applications, the largest segment is Oil & Gas, followed by Power Generation.

This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Capture and Storage market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Pre-Combustion Carbon Capture
    Oxy-Combustion Carbon Capture
    Post-Combustion Carbon Capture

Segmentation by application
    Oil & Gas
    Power Generation
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Exxonmobil Corporation
    Schlumberger
    Huaneng
    Linde AG
    Halliburton
    BASF
    General Electric
    Siemens
    Honeywell UOP
    Sulzer
    Equinor
    NRG
    AkerSolutions
    Shell
    Skyonic Corp.
    Mitsubishi Hitachi
    Fluor
    Sinopec

List of Tables
    Table 1. Carbon Capture and Storage Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Pre-Combustion Carbon Capture
    Table 3. Major Players of Oxy-Combustion Carbon Capture
    Table 4. Major Players of Post-Combustion Carbon Capture
    Table 5. Carbon Capture and Storage Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 6. Global Carbon Capture and Storage Market Size by Type (2018-2023) & ($ Millions)
    Table 7. Global Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Table 8. Carbon Capture and Storage Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 9. Global Carbon Capture and Storage Market Size by Application (2018-2023) & ($ Millions)
    Table 10. Global Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Table 11. Global Carbon Capture and Storage Revenue by Players (2018-2023) & ($ Millions)
    Table 12. Global Carbon Capture and Storage Revenue Market Share by Player (2018-2023)
    Table 13. Carbon Capture and Storage Key Players Head office and Products Offered
    Table 14. Carbon Capture and Storage Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 15. New Products and Potential Entrants
    Table 16. Mergers & Acquisitions, Expansion
    Table 17. Global Carbon Capture and Storage Market Size by Regions 2018-2023 & ($ Millions)
    Table 18. Global Carbon Capture and Storage Market Size Market Share by Regions (2018-2023)
    Table 19. Global Carbon Capture and Storage Revenue by Country/Region (2018-2023) & ($ millions)
    Table 20. Global Carbon Capture and Storage Revenue Market Share by Country/Region (2018-2023)
    Table 21. Americas Carbon Capture and Storage Market Size by Country (2018-2023) & ($ Millions)
    Table 22. Americas Carbon Capture and Storage Market Size Market Share by Country (2018-2023)
    Table 23. Americas Carbon Capture and Storage Market Size by Type (2018-2023) & ($ Millions)
    Table 24. Americas Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Table 25. Americas Carbon Capture and Storage Market Size by Application (2018-2023) & ($ Millions)
    Table 26. Americas Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Table 27. APAC Carbon Capture and Storage Market Size by Region (2018-2023) & ($ Millions)
    Table 28. APAC Carbon Capture and Storage Market Size Market Share by Region (2018-2023)
    Table 29. APAC Carbon Capture and Storage Market Size by Type (2018-2023) & ($ Millions)
    Table 30. APAC Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Table 31. APAC Carbon Capture and Storage Market Size by Application (2018-2023) & ($ Millions)
    Table 32. APAC Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Table 33. Europe Carbon Capture and Storage Market Size by Country (2018-2023) & ($ Millions)
    Table 34. Europe Carbon Capture and Storage Market Size Market Share by Country (2018-2023)
    Table 35. Europe Carbon Capture and Storage Market Size by Type (2018-2023) & ($ Millions)
    Table 36. Europe Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Table 37. Europe Carbon Capture and Storage Market Size by Application (2018-2023) & ($ Millions)
    Table 38. Europe Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Table 39. Middle East & Africa Carbon Capture and Storage Market Size by Region (2018-2023) & ($ Millions)
    Table 40. Middle East & Africa Carbon Capture and Storage Market Size Market Share by Region (2018-2023)
    Table 41. Middle East & Africa Carbon Capture and Storage Market Size by Type (2018-2023) & ($ Millions)
    Table 42. Middle East & Africa Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Table 43. Middle East & Africa Carbon Capture and Storage Market Size by Application (2018-2023) & ($ Millions)
    Table 44. Middle East & Africa Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Table 45. Key Market Drivers & Growth Opportunities of Carbon Capture and Storage
    Table 46. Key Market Challenges & Risks of Carbon Capture and Storage
    Table 47. Key Industry Trends of Carbon Capture and Storage
    Table 48. Global Carbon Capture and Storage Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 49. Global Carbon Capture and Storage Market Size Market Share Forecast by Regions (2024-2029)
    Table 50. Global Carbon Capture and Storage Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 51. Global Carbon Capture and Storage Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 52. Exxonmobil Corporation Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 53. Exxonmobil Corporation Carbon Capture and Storage Product Offered
    Table 54. Exxonmobil Corporation Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 55. Exxonmobil Corporation Main Business
    Table 56. Exxonmobil Corporation Latest Developments
    Table 57. Schlumberger Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 58. Schlumberger Carbon Capture and Storage Product Offered
    Table 59. Schlumberger Main Business
    Table 60. Schlumberger Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 61. Schlumberger Latest Developments
    Table 62. Huaneng Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 63. Huaneng Carbon Capture and Storage Product Offered
    Table 64. Huaneng Main Business
    Table 65. Huaneng Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 66. Huaneng Latest Developments
    Table 67. Linde AG Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 68. Linde AG Carbon Capture and Storage Product Offered
    Table 69. Linde AG Main Business
    Table 70. Linde AG Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 71. Linde AG Latest Developments
    Table 72. Halliburton Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 73. Halliburton Carbon Capture and Storage Product Offered
    Table 74. Halliburton Main Business
    Table 75. Halliburton Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 76. Halliburton Latest Developments
    Table 77. BASF Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 78. BASF Carbon Capture and Storage Product Offered
    Table 79. BASF Main Business
    Table 80. BASF Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 81. BASF Latest Developments
    Table 82. General Electric Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 83. General Electric Carbon Capture and Storage Product Offered
    Table 84. General Electric Main Business
    Table 85. General Electric Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 86. General Electric Latest Developments
    Table 87. Siemens Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 88. Siemens Carbon Capture and Storage Product Offered
    Table 89. Siemens Main Business
    Table 90. Siemens Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 91. Siemens Latest Developments
    Table 92. Honeywell UOP Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 93. Honeywell UOP Carbon Capture and Storage Product Offered
    Table 94. Honeywell UOP Main Business
    Table 95. Honeywell UOP Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 96. Honeywell UOP Latest Developments
    Table 97. Sulzer Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 98. Sulzer Carbon Capture and Storage Product Offered
    Table 99. Sulzer Main Business
    Table 100. Sulzer Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 101. Sulzer Latest Developments
    Table 102. Equinor Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 103. Equinor Carbon Capture and Storage Product Offered
    Table 104. Equinor Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 105. Equinor Main Business
    Table 106. Equinor Latest Developments
    Table 107. NRG Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 108. NRG Carbon Capture and Storage Product Offered
    Table 109. NRG Main Business
    Table 110. NRG Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 111. NRG Latest Developments
    Table 112. AkerSolutions Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 113. AkerSolutions Carbon Capture and Storage Product Offered
    Table 114. AkerSolutions Main Business
    Table 115. AkerSolutions Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 116. AkerSolutions Latest Developments
    Table 117. Shell Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 118. Shell Carbon Capture and Storage Product Offered
    Table 119. Shell Main Business
    Table 120. Shell Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 121. Shell Latest Developments
    Table 122. Skyonic Corp. Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 123. Skyonic Corp. Carbon Capture and Storage Product Offered
    Table 124. Skyonic Corp. Main Business
    Table 125. Skyonic Corp. Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 126. Skyonic Corp. Latest Developments
    Table 127. Mitsubishi Hitachi Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 128. Mitsubishi Hitachi Carbon Capture and Storage Product Offered
    Table 129. Mitsubishi Hitachi Main Business
    Table 130. Mitsubishi Hitachi Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 131. Mitsubishi Hitachi Latest Developments
    Table 132. Fluor Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 133. Fluor Carbon Capture and Storage Product Offered
    Table 134. Fluor Main Business
    Table 135. Fluor Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 136. Fluor Latest Developments
    Table 137. Sinopec Details, Company Type, Carbon Capture and Storage Area Served and Its Competitors
    Table 138. Sinopec Carbon Capture and Storage Product Offered
    Table 139. Sinopec Main Business
    Table 140. Sinopec Carbon Capture and Storage Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 141. Sinopec Latest Developments
List of Figures
    Figure 1. Carbon Capture and Storage Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Carbon Capture and Storage Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Carbon Capture and Storage Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Carbon Capture and Storage Sales Market Share by Country/Region (2022)
    Figure 8. Carbon Capture and Storage Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Carbon Capture and Storage Market Size Market Share by Type in 2022
    Figure 10. Carbon Capture and Storage in Oil & Gas
    Figure 11. Global Carbon Capture and Storage Market: Oil & Gas (2018-2023) & ($ Millions)
    Figure 12. Carbon Capture and Storage in Power Generation
    Figure 13. Global Carbon Capture and Storage Market: Power Generation (2018-2023) & ($ Millions)
    Figure 14. Carbon Capture and Storage in Others
    Figure 15. Global Carbon Capture and Storage Market: Others (2018-2023) & ($ Millions)
    Figure 16. Global Carbon Capture and Storage Market Size Market Share by Application in 2022
    Figure 17. Global Carbon Capture and Storage Revenue Market Share by Player in 2022
    Figure 18. Global Carbon Capture and Storage Market Size Market Share by Regions (2018-2023)
    Figure 19. Americas Carbon Capture and Storage Market Size 2018-2023 ($ Millions)
    Figure 20. APAC Carbon Capture and Storage Market Size 2018-2023 ($ Millions)
    Figure 21. Europe Carbon Capture and Storage Market Size 2018-2023 ($ Millions)
    Figure 22. Middle East & Africa Carbon Capture and Storage Market Size 2018-2023 ($ Millions)
    Figure 23. Americas Carbon Capture and Storage Value Market Share by Country in 2022
    Figure 24. United States Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 25. Canada Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 26. Mexico Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 27. Brazil Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 28. APAC Carbon Capture and Storage Market Size Market Share by Region in 2022
    Figure 29. APAC Carbon Capture and Storage Market Size Market Share by Type in 2022
    Figure 30. APAC Carbon Capture and Storage Market Size Market Share by Application in 2022
    Figure 31. China Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 32. Japan Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 33. Korea Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Southeast Asia Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 35. India Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 36. Australia Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 37. Europe Carbon Capture and Storage Market Size Market Share by Country in 2022
    Figure 38. Europe Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Figure 39. Europe Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Figure 40. Germany Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 41. France Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 42. UK Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 43. Italy Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 44. Russia Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Middle East & Africa Carbon Capture and Storage Market Size Market Share by Region (2018-2023)
    Figure 46. Middle East & Africa Carbon Capture and Storage Market Size Market Share by Type (2018-2023)
    Figure 47. Middle East & Africa Carbon Capture and Storage Market Size Market Share by Application (2018-2023)
    Figure 48. Egypt Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 49. South Africa Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 50. Israel Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Turkey Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 52. GCC Country Carbon Capture and Storage Market Size Growth 2018-2023 ($ Millions)
    Figure 53. Americas Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 54. APAC Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 55. Europe Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 56. Middle East & Africa Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 57. United States Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 58. Canada Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 59. Mexico Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 60. Brazil Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 61. China Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 62. Japan Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 63. Korea Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 64. Southeast Asia Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 65. India Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 66. Australia Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 67. Germany Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 68. France Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 69. UK Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 70. Italy Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 71. Russia Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 72. Spain Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 73. Egypt Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 74. South Africa Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 75. Israel Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 76. Turkey Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 77. GCC Countries Carbon Capture and Storage Market Size 2024-2029 ($ Millions)
    Figure 78. Global Carbon Capture and Storage Market Size Market Share Forecast by Type (2024-2029)
    Figure 79. Global Carbon Capture and Storage Market Size Market Share Forecast by Application (2024-2029)

Exxonmobil Corporation
Schlumberger
Huaneng
Linde AG
Halliburton
BASF
General Electric
Siemens
Honeywell UOP
Sulzer
Equinor
NRG
AkerSolutions
Shell
Skyonic Corp.
Mitsubishi Hitachi
Fluor
Sinopec

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape