Carbon Capture and Sequestration (CCS) Global Market Report 2025

The carbon capture and sequestration (CCS) market size has grown rapidly in recent years. It will grow from $3.27 billion in 2024 to $3.8 billion in 2025 at a compound annual growth rate (CAGR) of 15.9%. The growth during the historical period can be attributed to the rising awareness of climate change, increasing regulatory pressures to reduce emissions, growing demand for clean energy solutions, the expansion of industrial emission control initiatives, and the increasing adoption of renewable energy sources.

The carbon capture and sequestration (CCS) market size is expected to see rapid growth in the next few years. It will grow to $6.77 billion in 2029 at a compound annual growth rate (CAGR) of 15.6%. The projected growth for the forecast period can be attributed to increasing government incentives for carbon reduction, growing corporate commitments to net-zero emission targets, the expansion of carbon trading schemes, rising funding for clean technology initiatives, and the growing adoption of sustainable industrial practices. Major trends expected during this period include technological advancements in carbon capture systems, progress in storage and monitoring methods, increased investment in research and development, innovations in cost-effective carbon dioxide transportation, and continued advancements in emission reduction technologies.

The increasing investments in carbon management solutions are expected to drive the growth of the carbon capture and sequestration market in the coming years. Carbon management solutions refer to technologies and strategies aimed at capturing, reducing, or offsetting carbon dioxide emissions from industrial, energy, and commercial sources. Rising corporate sustainability commitments and growing regulatory requirements are encouraging these investments as organizations work to reduce emissions and meet environmental objectives. Carbon capture and sequestration play a vital role by capturing and securely storing carbon dioxide emissions, enabling industries to minimize their environmental footprint and achieve sustainability targets. For example, in March 2024, according to Terrascope, a Switzerland-based climate intelligence platform, between 2022 and 2025, the percentage of companies adopting Scope 3 emissions management software is projected to increase significantly from 12 percent to 53 percent, highlighting the growing influence of regulatory pressures. Therefore, the rise in investments in carbon management solutions is fueling the expansion of the carbon capture and sequestration market.

Key companies operating in the carbon capture and sequestration market are focusing on developing advanced systems, such as modular direct air capture (DAC) systems, to enhance scalability, reduce installation time, and improve operational efficiency. A modular DAC system consists of prefabricated, standardized units that can be easily transported and assembled on-site, allowing faster deployment, easier expansion, and higher efficiency in capturing carbon dioxide. For instance, in June 2024, CarbonCapture Inc., a United States-based direct air capture company, introduced the Leo Series modular DAC system. This system captures more than 500 tons of carbon dioxide annually per module, achieves 98 percent carbon dioxide purity, and supports mass production through an 83,000-square-foot manufacturing facility in Mesa, Arizona, capable of producing up to 4,000 modules each year, equivalent to over 2 megatons of annual carbon removal capacity. This innovation positions CarbonCapture Inc. as a leader in the rapid and cost-effective deployment of large-scale carbon removal technologies.

In March 2024, SLB, a United States-based provider of oilfield services and carbon management technologies, acquired an 80 percent stake in Aker Carbon Capture Holding AS for 388 million dollars. This acquisition enables SLB to integrate its subsurface expertise with Aker Carbon Capture’s post-combustion technologies to deliver large-scale industrial decarbonization projects. Aker Carbon Capture Holding AS is a Norway-based company specializing in proprietary carbon capture technologies and engineering services for sectors such as cement and waste-to-energy.

Major players in the carbon capture and sequestration (CCS) market are China National Petroleum Corporation, Exxon Mobil Corporation, Siemens AG, Linde plc, Mitsubishi Heavy Industries Ltd., NRG Energy Inc., Halliburton Company, TotalEnergies SE, Fluor Corporation, Schlumberger Limited (SLB), Abu Dhabi National Oil Company (ADNOC Group), Carbon Clean Solutions Limited, Chevron Corporation, BP p.l.c., Viridien SA, Svante Technologies Inc., Climeworks AG, Carbon Upcycling Technologies Inc., Ebb Carbon Inc., Carbon8 Systems Limited, UP Catalyst OÜ, Global CCS Institute Ltd, Carba Inc., and Capsol Technologies ASA.

North America was the largest region in the carbon capture and sequestration (CCS) in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carbon capture and sequestration (CCS) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

The carbon capture and sequestration (CCS) market research report is one of a series of new reports that provides carbon capture and sequestration (CCS) market statistics, including the carbon capture and sequestration (CCS) industry global market size, regional shares, competitors with the carbon capture and sequestration (CCS) market share, detailed carbon capture and sequestration (CCS) market segments, market trends, and opportunities, and any further data you may need to thrive in the carbon capture and sequestration (CCS) industry. This carbon capture and sequestration (CCS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Carbon capture and sequestration (CCS) is a process designed to reduce carbon dioxide emissions by capturing CO₂ before it is released into the atmosphere and safely transporting it to long-term storage sites. This approach plays a critical role in mitigating the effects of greenhouse gas emissions and combating climate change.

The key types of carbon capture and sequestration include ocean sequestration, terrestrial sequestration, and others. Ocean sequestration involves storing captured carbon dioxide in the deep ocean, where it can dissolve or be converted into stable compounds, preventing its release into the atmosphere. CCS technologies encompass post-combustion capture, pre-combustion capture, oxy-fuel combustion, direct air capture, and other methods. The key storage types include geological storage, ocean storage, mineral storage, and utilization through conversion to chemicals or fuels. Major application areas for CCS include power generation, industrial processes, natural gas processing, cement production, and waste-to-energy operations, with primary end-users spanning electric utilities, oil and gas, steel manufacturing, cement, and chemicals and petrochemicals industries.

The countries covered in the carbon capture and sequestration (CCS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon capture and sequestration (CCS) market includes revenues earned by entities by site assessment, carbon dioxide transportation, geological storage management, monitoring and verification, maintenance and consultancy. The market value includes the value of related goods sold by the service provider or included within the service offering. The carbon capture and sequestration (CCS) market consists of sales of carbon capture systems, carbon dioxide compressors, transport pipelines, injection equipment, monitoring sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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