United States Carbon Capture and Storage Market Set to Soar: Innovative Technologies Driving Sustainable Energy Transformation 2025 | Top key players - Royal Dutch Shell, Exxon Mobil Corporation, Hitachi, Ltd.

Market Size and Growth:

The Global Carbon Capture and Storage Market is expected to grow at a CAGR of 15.95% during the forecasting period (2024-2031).

The Carbon Capture and Storage Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Carbon Capture and Storage market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Carbon Capture and Storage (CCS) Market involves technologies that capture carbon dioxide emissions from industrial and energy-related sources and store them underground to prevent atmospheric release. It includes capture, transportation, and storage solutions. Driven by climate change mitigation policies, increasing industrial emissions, and government incentives, the market spans power generation, oil & gas, and industrial sectors globally.

Recent Key Developments of United States (U.S):

Growth in Project Pipeline: The U.S. continues to lead the global CCS market, with a significant number of new projects announced. By the first quarter of 2025, a global pipeline of 628 projects was noted, with a large portion of the capacity additions expected in North America. This is largely driven by supportive government policies.

Policy-Driven Growth: The Inflation Reduction Act (IRA) and its enhanced 45Q tax credits have fundamentally altered the economic viability of CCS. The tax credit of $85 per tonne for geological storage and $180 per tonne for Direct Air Capture (DAC) has made a number of projects financially feasible. There are ongoing discussions about the need for further increases to the tax credit to make it viable for hard-to-abate sectors like cement and steel.

Emergence of Hubs and Shared Infrastructure: The development of CCS hubs and shared networks is a key trend. These hubs, where multiple industrial emitters share transport and storage infrastructure, are seen as a way to spread costs and achieve economies of scale. The U.S. government, through initiatives like the Infrastructure Investment and Jobs Act (IIJA), is actively supporting the development of these hubs.

Focus on Direct Air Capture (DAC): The U.S. is seeing major developments in DAC. The STRATOS facility in Texas, which is partly owned by Occidental, is set to become the world's largest DAC facility. This highlights the growing focus on technologies that remove carbon dioxide directly from the atmosphere.

Technological Advancements: Innovation is accelerating in the U.S. CCS market. This includes advancements in sorbent materials for carbon capture, such as silk-based fibroin aerogels and redox-active metal-organic frameworks (MOFs), which offer more efficient and sustainable capture methods. Additionally, the use of AI is being leveraged to accelerate the discovery of new sorbent compounds.

Key Players:

Mitsubishi Heavy Industries, Ltd.
Aker Solutions ASA
Exxon Mobil Corporation
Hitachi, Ltd.
General Electric Company
Siemens AG
Royal Dutch Shell
Halliburton Company
The Linde Group
Schlumberger Limited.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Market Segmentation:

By Capture Technology: Pre-Combustion Capture, Post-Combustion Capture, Oxyfuel Combustion, Industrial Separation.

By Storage Technology: Enhanced Oil Recovery, Geological Storage, Deep Ocean.

By End-Use Industry: Power Generation, Oil & Gas, Chemicals, Fertilizers, Cement & Concrete, Steel, Textiles, and Others.

Regional Analysis:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Carbon Capture and Storage market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Carbon Capture and Storage Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Carbon Capture and Storage market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Carbon Capture and Storage Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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