Carbon Capture and Storage Market Report 2026

The carbon capture and storage market size has grown rapidly in recent years. It will grow from $7.1 billion in 2025 to $8.15 billion in 2026 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to regulatory pressure to reduce co2 emissions, adoption of flue gas treatment systems, growth in coal and biomass power plants, technological advancements in absorption and adsorption techniques, early investment in industrial process capture systems.

The carbon capture and storage market size is expected to see rapid growth in the next few years. It will grow to $14.4 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to increasing industrial decarbonization initiatives, expansion of hydrogen economy with carbon capture, rising government incentives for ccs projects, growth in post-combustion and oxy-combustion technologies, rising demand from cement, steel, and chemical industries. Major trends in the forecast period include increasing deployment of post-combustion capture technologies, expansion of oxy-combustion systems in industrial applications, rising adoption of carbon capture in iron and steel manufacturing, growth in utilization of captured carbon for industrial processes, advancements in hydrogen production with carbon capture.

The rise in global carbon dioxide emissions is expected to drive the growth of the carbon capture and storage (CCS) market. CO2 emissions result primarily from fossil fuel combustion, cement production, gas flaring, and the use of solid, liquid, or gaseous fuels. As CO2 emissions increase, the demand for carbon capture and storage grows, as CCS provides a method to reduce emissions by capturing, processing, and transporting CO2 from industrial sources to sites for long-term storage. For example, in April 2024, NOAA Research, a U.S.-based scientific organization, reported that the global average surface concentration of CO2 reached 419.3 parts per million (ppm) in 2023, an increase of 2.8 ppm over the previous year. Thus, rising global CO2 emissions are fueling the expansion of the carbon capture and storage market.

Major companies operating in the carbon capture and storage market are concentrating on the development of advanced solutions, such as Verified Carbon Standard (VCS) methodologies, to ensure reliable carbon credit generation, enhance transparency in emissions accounting, and support regulatory compliance. Verified Carbon Standard (VCS) methodologies are standardized frameworks created by Verra to quantify, monitor, and verify greenhouse gas emission reductions or removals, ensuring that they are genuine, measurable, and independently certified. For instance, in June 2024, Verra, a US-based non-profit organization, introduced VM0049, a Verified Carbon Standard (VCS) methodology designed specifically for carbon capture and storage activities. This globally applicable framework offers guidance for technology-driven initiatives that capture emissions from sources such as direct air capture and high-emission industrial processes, enabling the accurate quantification of carbon dioxide removals and emission reductions essential for climate action.

In March 2024, TotalEnergies SE, a France-based energy company, acquired Talos Low Carbon Solutions (TLCS) from Talos Energy for approximately $148 million. Through this acquisition, TotalEnergies seeks to reinforce its carbon capture and storage (CCS) capabilities by incorporating TLCS’s CO₂ capture technology and expanding its portfolio of CO₂ storage projects. Talos Energy Inc. is a US-based company that operates carbon capture and sequestration projects, including Bayou Bend, Harvest Bend, and Coastal Bend along the U.S. Gulf Coast.

Major companies operating in the carbon capture and storage market are Aker Solutions ASA, Dakota Gasification Company, Equinor ASA, Fluor Corporation, Linde PLC, Mitsubishi Heavy Industries Ltd., Shell PLC, Siemens AG, Sulzer Ltd., NRG Energy Inc., General Electric Company, Maersk, Japan CCS Co. Ltd., Halliburton Company, ExxonMobil Corporation, Schlumberger Limited, Honeywell International Inc., Occidental Petroleum Corporation, Air Liquide S.A., Baker Hughes Company, LanzaTech, Calix Limited, Carbon America, Carbon Clean, CarbonFree, Carbon8 Systems, Chart Industries, Capsol Technologies AS, Global Thermostat.

North America was the largest region in the carbon capture and storage market in 2025.Asia-Pacific is expected to be the fastest-growing region in the global carbon capture and storage market report during the forecast period. The regions covered in the carbon capture and storage market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the carbon capture and storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon capture and storage market include revenues earned by entities by offering comprehensive single-point carbon capture, carbon transit, and carbon management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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