Carbon Capture and Storage Global Market to Reach $7.6 Billion by 2030: Enhanced Oil Recovery Offers Strong Growth Opportunities

Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Carbon Capture and Storage: Global Strategic Business Report" report has been added to's offering.

The global market for Carbon Capture and Storage estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$7.6 Billion by 2030, growing at a CAGR of 11.1% over the analysis period 2022-2030.

Pre-Combustion, one of the segments analyzed in the report, is projected to record a 11.3% CAGR and reach US$5.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Post Combustion segment is readjusted to a revised 12.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 12.7% CAGR

The Carbon Capture and Storage market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$780.4 Million by the year 2030 trailing a CAGR of 12.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 11.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Select Competitors (Total 90 Featured) -

  • Archer-Daniels-Midland Company
  • BP plc
  • Chevron Corporation
  • Emissions Reduction Alberta
  • Equinor ASA
  • GE Power
  • HTC CO2 Systems Corp.
  • Japan CCS Co., Ltd.
  • Schlumberger Limited
  • SNC-Lavalin Group, Inc.
  • Svante Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages366
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$3.3 Billion
Forecasted Market Value (USD) by 2030$7.6 Billion
Compound Annual Growth Rate11.0%
Regions CoveredGlobal

Key Topics Covered:




  • Carbon Capture and Storage (CCS): An Introduction
  • Types of CCS Technologies
  • Carbon Capture
  • Post-Combustion
  • Pre-Combustion
  • Oxy-Fuel Combustion
  • CO2 Compression
  • CO2 Transportation
  • CO2 Storage
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • The Pandemic Emerges as an Opportunity to Ignite a Transition to a Greener Global Future
  • Global Annual Increase/Decrease in Energy-Related CO2 Emissions for Years 2010 Through 2020 (In Billion Metric Tons Per Year)
  • Key Climate Change Indicators
  • COVID-19 Underlines Significance of Carbon Capture to Mitigate Climate Change
  • Carbon Capture and Storage - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Net Zero Carbon Goals: How Feasible Are They & What is Needed To Make Them Work?
  • Average Global Surface Temperatures (In Degrees Centigrade) for Years 1880 to 2020
  • Global C02 Emissions (In Billion Metric Tons) for Years 2000 Through 2020
  • Carbon Neutrality Goals of Various Countries
  • Where Does CCS Stand in the Action Plan to Curtail Climate Change?
  • Rising Carbon Dioxide Emissions Drive Focus onto Clean Energy: Global CO2 Emissions Breakdown (in %) by Region for 2020
  • Evolving Role of Carbon Capture & Storage (CCS) Technologies
  • Outlook
  • Favorable Policies to Drive Growth
  • Challenging Scenario for CCS
  • Regional Review
  • Market Drivers
  • Government Support
  • Industrial Reuse of Captured Carbon Dioxide
  • Improvements in Carbon Capturing and Storing Technologies
  • Introduction of Relevant Standardizations and Legislations
  • Public Outreach
  • Market Inhibitors
  • High Cost of CCS
  • Environmental Concerns & Challenges
  • Uneven Division of Capital Investments among Stakeholders
  • Financing in CCS
  • Market Uncertainty
  • Technological Uncertainty
  • Global CCS Project Landscape
  • Number of Large-Scale Carbon Capture And Storage (CCS) Facilities Worldwide by Status: 2020
  • CO2 Capture and Storage Annual Capacity (Mtpa) by Stage: 2010, 2015, and 2020 .
  • Commercial CCS Facilities in Construction, Advanced and Early Development: 2020
  • A Peek into Important Global Projects
  • Recent Market Activity



  • Enhanced Oil Recovery Offers Strong Growth Opportunities
  • Global Enhanced Oil Recovery Projects in Operation by Technology: 2020E
  • Top Countries with Proven Reserves of Crude Oil (in Billion Barrels): 2019
  • Demand for CO2 Storage Takes a Hit as Oil & Gas Sector Confronts Challenging Times amid the Pandemic
  • Global Oil Production: Percentage Breakdown of Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2019
  • Global Brent Crude Oil Price Trends in US$/barrel: Oct 2019 -May 2021
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2021
  • Growing Emphasis on Hydrogen Production with CCS Augurs Well
  • Leveraging Blue Hydrogen
  • High Growth Opportunities Identified in Power Sector
  • China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand (GED) in TWh for 2017-50
  • Growing Relevance of CCS in Bioenergy Domain
  • Direct Air Capture with Carbon Storage: The New Upcoming Vertical
  • Increasing Industrialization and Urbanization Levels Trigger Demand
  • World Ranking of Most Polluted Countries: 2018
  • Natural Gas Processing : An Important Market
  • Global Natural Gas Production (In Billion Cubic Feet per Day) by Type for the Years 2017, 2020, 2025, 2030 and 2040
  • Rising Contribution from Oil & Gas Industry
  • Aligning Energy Assets to Carbon Capture
  • Capturing Carbon from Atmosphere
  • Startups Enter the Fray
  • R&D in CCS Continues to Gain Pace
  • Select Recent Innovations




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Global Market for Carbon Capture and Storage

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