Large-Scale Carbon Capture Market Share Driven by CCS Deployment and Energy Sector Demand | Valuates Reports

Large-Scale Carbon Capture Market Size
The global Large-Scale Carbon Capture market was valued at US$ 1012 million in 2023 and is anticipated to reach US$ 2063 million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.

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The Large-Scale Carbon Capture market is expanding rapidly as governments and industries intensify efforts to reduce greenhouse gas emissions and achieve net-zero targets. These technologies, designed to capture and permanently store or utilize carbon dioxide emissions, are becoming integral to global decarbonization strategies-driving significant market size growth and shaping key market trends in clean energy and industrial sustainability.

By type, Carbon Capture and Storage (CCS) leads the market share, supported by its maturity and large-scale deployment across power generation, cement, and industrial facilities. CCS systems are widely adopted due to their proven capability to capture CO2 from point sources and store it safely underground, contributing significantly to emissions reduction in hard-to-abate sectors. Direct Air Capture (DAC), while currently representing a smaller portion of the market, is gaining momentum as a high-potential solution capable of removing CO2 directly from the atmosphere. As costs decline and supportive policies emerge, DAC is expected to play a growing role in offsetting unavoidable emissions. The "Others" category, which may include bioenergy with carbon capture (BECCS) and emerging hybrid approaches, adds further innovation and diversity to the market.

In terms of application, the energy sector dominates market share, with carbon capture systems increasingly integrated into fossil-fuel power plants, biomass facilities, and hydrogen production to reduce CO2 intensity. The steel industry follows closely, driven by the urgent need to decarbonize one of the most carbon-intensive manufacturing processes. Carbon capture technologies are being retrofitted or included in new-build steel plants to meet environmental regulations and corporate ESG goals. The construction sector is also showing growing interest, particularly in capturing emissions from cement production and utilizing CO2 in concrete curing processes. The "Others" segment-encompassing chemical production, waste management, and refineries-adds depth to the market, reflecting broader adoption across industrial value chains.

Looking forward, the market forecast indicates robust long-term growth, driven by international climate commitments, carbon pricing mechanisms, and increasing investment in clean technology infrastructure. The Large-Scale Carbon Capture market is poised to become a cornerstone of global emissions reduction strategies, supported by technological innovation, supportive policy frameworks, and expanding deployment across critical industrial sectors.
Segment by Type

• Direct Air Capture
• Carbon Capture and Storage (CCS)
• Others

Segment by Application

• Energy
• Construciton
• Steel
• Others

By Company

Mitsubishi, Global Thermostat, Climeworks, CO2 Solutions, LanzaTech, Carbon Clean, Aker Carbon Capture, Carbon Engineering, Quest, CarbFix, Heirloom, Skytree, CarbonFree

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