Direct Air Capture Market Size, Share, Trends Analysis, And Forecast To 2033

The new report published by The Business Research Company, titled ""Direct Air Capture Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the direct air capture market size has grown exponentially in recent years. It will grow from $0.04 billion in 2023 to $0.07 billion in 2024 at a compound annual growth rate (CAGR) of 66.1%. The direct air capture market size is expected to see exponential growth in the next few years. It will grow to $0.44 billion in 2028 at a compound annual growth rate (CAGR) of 59.3%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=14331&type=smp

Rising Environmental Concerns And Escalating Greenhouse Gas Emissions Fueling The Growth Of Direct Air Capture Market
The increasing environmental concerns, such as greenhouse gas emissions, are expected to propel the growth of the direct air capture market going forward. Greenhouse gas emissions refer to the release of gases such as carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) into the atmosphere, which trap heat and contribute to global warming. These emissions have increased primarily due to industrial activities, deforestation, transportation, and agriculture. Direct air capture technology offers a promising solution for reducing greenhouse gas emissions by capturing CO2 directly from the atmosphere. For instance, in November 2023, according to the Environmental Protection Agency (EPA), a US-based independent agency, greenhouse gas emissions in the US increased by 5% in 2021 compared to 2020. Further, in 2021, CO2 emissions from fossil fuel combustion increased by 7%, while CO2 emissions from natural gas consumption increased by more than 1%. Therefore, the increasing environmental concerns, such as greenhouse gas emissions, are driving the growth of the direct air capture market.

Advancements In Hybrid Direct Air Capture Systems Redefine Carbon Removal Technologies
Major companies operating in the direct air capture market are increasing their focus on introducing advanced systems, such as the hybrid direct air capture system, to gain a competitive edge in the market. A hybrid direct air capture (DAC) system refers to a technology that combines multiple approaches or techniques to capture carbon dioxide (CO2) directly from the atmosphere. For instance, in November 2023, Avnos, Inc., the US-based energy company, launched the first hybrid direct air capture system (HDAC) in partnership with Southern California Gas Company, a US-based utility company. The HDAC technology removes CO2 from the air and generates water using electricity. The pilot project aims to show how the technology can be scaled up to 1,000% from its current version. The HDAC technology is a hybrid form of direct air capture, consisting of a two-stage system that removes water vapor and then captures CO2 from the dry air stream. It compresses the CO2 for transport, storage, or utilization and condenses the water vapor into liquid water for reuse.

The direct air capture market covered in this report is segmented -

1) By Product: Absorption-Based Direct Air Capture (SDAC), Adsorption-Based Direct Air Capture (DAC), Membrane-Based Direct Air Capture (DAC), Cryogenic-Based Direct Air Capture (DAC)
2) By Scale: Pilot-Scale, Demonstration-Scale, Commercial-Scale
3) By Source: Electricity, Heat
4) By Application: Carbon Capture, And Storage (CCS), Carbon Capture, Utilization And Storage (CCUS)
5) By End- Use: Oil And Gas, Food And Beverage, Automotive, Chemicals, Healthcare, Other End-Uses

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=14331&type=discount

Major companies operating in the direct air capture market are Mosaic Materials Inc., Sunfire GmbH, National Energy Technology Laboratory, Climeworks AG, Carbon Clean Solutions Limited, Carbon Engineering Ltd., Heirloom Carbon Technologies Inc., Oak Ridge National Laboratory, Skytree Technologies AS, CarbonCapture Inc., Immaterial Inc., Global Thermostat Inc., Spiritus Systems, Synhelion AG, Infinitree Inc., Avnos Inc., Noya PBC, RepAir LLC, MISSION ZERO TECHNOLOGIES Inc., Carbyon Inc., Sustaera Inc., Southern Green Gas Limited, Octavia Carbon, Inc., Capture6 Inc.

Contents of the report:
1. Executive Summary
2. Direct Air Capture Market Report Structure
3. Direct Air Capture Market Trends And Strategies
4. Direct Air Capture Market - Macro Economic Scenario
5. Direct Air Capture Market Size And Growth
…..
27. Direct Air Capture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/direct-air-capture-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) 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 which help its users assess supply-demand gaps

This release was published on openPR.