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Carbon Capture, Utilization, and Storage Market to Reach USD 18.0 Billion by 2030

03-26-2025 01:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Carbon Capture, Utilization, and Storage Market

Carbon Capture, Utilization, and Storage Market

According to the latest market research study published by P&S Intelligence, carbon capture, utilization, and storage (CCUS) market is poised for significant growth, with projections estimating the market size to reach USD 18.0 billion by 2030, up from USD 5.1 billion in 2024. This growth, at a compound annual growth rate (CAGR) of 23.3%, is driven by increasing concerns about climate change, along with government policies targeting carbon neutrality by 2050.

Get the Full Market Insights! https://www.psmarketresearch.com/market-analysis/carbon-capture-and-storage-market/report-sample

A major driver of this expansion is the growing emphasis on reducing greenhouse gas emissions across industries, particularly in power generation and oil and gas sectors. Government initiatives, such as the Paris Agreement, which calls for drastic emission reductions, have spurred investments in CCUS technologies. Moreover, advancements in pre-combustion, post-combustion, and oxy-fuel technologies are expected to lower costs and improve efficiency, making CCUS more accessible and scalable.

Explore the latest trends, growth drivers, and forecasts Report ๐Ÿ‘‰ https://www.psmarketresearch.com/market-analysis/carbon-capture-and-storage-market

North America currently holds the largest share of the market, while the Asia-Pacific region is anticipated to be the fastest-growing market. The adoption of CCUS technologies is particularly critical in regions with high industrial activity and growing energy demands, such as China and India.

Furthermore, the rising trend of carbon credit trading and the voluntary carbon market is opening new avenues for businesses to capitalize on CCUS solutions. However, despite the promising outlook, high implementation costs remain a challenge, limiting broader adoption in smaller enterprises.

Browse More Report Published by P&S Intelligence:

Wave Energy Converter Market Size & Share Analysis: https://www.psmarketresearch.com/market-analysis/wave-energy-converter-market

Hydrogen Market Size & Drivers Analysis: https://www.psmarketresearch.com/market-analysis/blue-hydrogen-market

Energy as a Service (EaaS) Market Share Analysis: https://www.psmarketresearch.com/market-analysis/energy-as-a-service-market

Energy as a Service (EaaS) Market Share Analysis - Trends, Drivers, Competitive Landscape: https://www.psmarketresearch.com/market-analysis/energy-as-a-service-market

About P&S Intelligence
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

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