Global Direct Air Capture (DAC) Market Size US$ 3,008.30 Million by 2032 | Rising CO2 Removal and Investment Opportunities - Climeworks, Carbon Engineering ULC., Global Thermostat

Global Direct Air Capture (DAC) Market reached US$ 65.88 million in 2024 and is expected to reach US$ 3,008.30 million by 2032, growing with a CAGR of 61.23% during the forecast period 2025-2032.

Direct Air Capture Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Direct Air Capture (DAC) is a technology that removes carbon dioxide (CO2) directly from the atmosphere.
It helps combat climate change by capturing CO2 for storage or reuse in industrial processes.

List of the Key Players in the Direct Air Capture Market:

Climeworks, Carbon Engineering ULC., Global Thermostat, Heirloom Carbon Technologies, Soletair Power, CarbonCapture Inc, Avnos, Inc., Noya PBC, Skytree and RepAir.

Industry Development:

In June 2024, RepAir partnered with EnEarth Energean's carbon storage and environmental services arm to deploy its Direct Air Capture (DAC) technology for CO2 sequestration in the Prinos saline aquifer in Kavala, Greece. The project is expected to resume operations in early 2026, focusing on carbon storage.

In September 2024, 1PointFive announced an agreement with Microsoft to deliver 500,000 metric tons of carbon dioxide removal using its Direct Air Capture technology.

Growth Forecast Projected:

The Global Direct Air Capture Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Direct Air Capture Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Direct Air Capture Market:

By Technology: Liquid DAC, Electrochemical DAC, Others

By Energy Source: Electricity, Geothermal, Solar PV, Wind, HeatHeat Pump, Direct Heat, Waste Heat

By Application: Carbon Capture and Storage, Carbon Capture, Utilization and Storage

By End-User: Agriculture, Chemicals & Fuels, Carbon Mineralization, Food & Beverages, Oil & Gas, Other

Regional Analysis for Direct Air Capture Market:

The regional analysis of the Direct Air Capture Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Direct Air Capture market?

➠ Who are the leading manufacturers in the global Direct Air Capture industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Direct Air Capture industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Direct Air Capture market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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