Press release
Europe Carbon Capture & Storage Market to Hit USD 12.14 Billion by 2033, Growing at 21.03% CAGR
Europe Carbon Capture & Storage Market
Get a Free Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.datamintelligence.com/download-sample/carbon-capture-and-storage-market?utm_source=OpenPR&utm_campaign=Onkar
CCS technology plays a vital role in Europe's decarbonization framework by capturing carbon dioxide from industrial and power generation processes and storing it underground. According to the International Energy Agency (IEA), Europe hosts approximately 15% of global CCS projects, with over 30 active or developing initiatives. Bolstered by the European Investment Bank's €10 billion funding support, countries are expanding infrastructure and enhancing storage capacities. The Sleipner and Snøhvit projects in Norway, alongside emerging ventures such as Porthos in the Netherlands and Net Zero Teesside in the UK, are redefining sustainable industrial operations.
Key Highlights from the Report
➤ Europe CCS market valued at USD 2.18 billion in 2024 and projected to reach USD 12.14 billion by 2033.
➤ Market growth driven by stringent climate policies and the EU Emissions Trading System (ETS).
➤ Capture segment accounted for a 60.6% market share in 2024, the largest among services.
➤ Norway led with a 30.9% market share owing to its advanced CCS infrastructure.
➤ Utilization segment forecasted to record a double-digit CAGR driven by CO2 conversion innovations.
➤ Integration of CCS with hydrogen production identified as a major future growth catalyst.
Market Segmentation
The capture segment dominated the European CCS market with 60.6% share in 2024. It forms the foundation of the CCS value chain, addressing emissions from hard-to-abate industries such as cement, steel, and chemicals. Advancements in solvent-based capture technologies have reduced costs by 15% since 2020, making deployment increasingly viable for large facilities. The utilization segment is anticipated to grow at the fastest CAGR of 12.1%, driven by emerging technologies that repurpose captured CO2 into synthetic fuels, building materials, and industrial chemicals - aligning with Europe's circular economy vision.
Post-combustion technology held the largest share at 60.7% in 2024 owing to its adaptability in retrofitting existing power plants. Pre-combustion systems, vital for blue hydrogen production, are also gaining traction. By application, the power generation segment led with 40.3% of the market share, highlighting CCS's indispensability for reducing energy-sector emissions. The cement industry is projected to grow at the fastest rate due to high emission intensity and growing investments in low-carbon construction materials.
Get Customization in the Report as Per Your Business Requirements: https://www.datamintelligence.com/customize/carbon-capture-and-storage-market?utm_source=OpenPR&utm_campaign=Onkar
Regional Insights
Norway leads the European CCS market with a 30.9% share in 2024. Its projects, including Sleipner and Northern Lights, have successfully stored over 20 million metric tons of CO2. The country's vast North Sea storage capacity of around 70 billion metric tons and government funding of €1.6 billion annually reinforce its leadership.
The Netherlands is another major player, spearheading initiatives like Porthos, expected to store 2.5 million metric tons of CO2 annually by 2025. Its advanced port infrastructure and strong policy framework support cross-border CO2 transport.
The United Kingdom continues to develop large-scale projects, including Net Zero Teesside, targeting 10 million metric tons of CO2 capture by 2030. The UK government's €1 billion CCS investment through the "Ten Point Plan" underscores its commitment to climate neutrality. These regional investments collectively enhance Europe's overall CCS capacity and accelerate progress toward emission reduction goals.
Market Dynamics
Market Drivers:
The European CCS market is primarily driven by stringent climate policies, rising carbon prices under the EU Emissions Trading System (ETS), and decarbonization targets under the European Green Deal. Industrial sectors like cement, steel, and chemicals are rapidly deploying CCS to meet emission reduction mandates.
Market Restraints:
High capital and operational costs remain significant barriers, with large-scale projects requiring investments exceeding €1 billion. CO2 transportation and storage infrastructure also add substantial expenses, limiting smaller players' participation.
Market Opportunities:
Strong integration of CCS with hydrogen production - particularly blue hydrogen - presents a new growth avenue. Developing cross-border CCS networks, such as Northern Lights, will optimize long-term CO2 storage, reduce costs by up to 30%, and enhance efficiency.
Purchase This Exclusive Report at Just USD 4729 Only: https://www.datamintelligence.com/buy-now-page?report=carbon-capture-and-storage-market?utm_source=OpenPR&utm_campaign=Onkar
Reasons to Buy the Report
✔ Comprehensive coverage of Europe CCS market growth and technological trends.
✔ In-depth segmentation analysis by product, service, and application.
✔ Regional insights across Norway, the Netherlands, and the UK with policy impact analysis.
✔ Strategic evaluation of investment opportunities and infrastructure expansions.
✔ Detailed company profiling with key developments and competitive benchmarking.
Frequently Asked Questions (FAQs)
◆ How Big is the Europe Carbon Capture and Storage Market?
◆ Who are the Leading Players in the Europe CCS Market?
◆ What is the CAGR of the Market During 2025-2033?
◆ Which Region Leads the European CCS Industry?
◆ What Opportunities Exist in the Integration of CCS with Hydrogen Production?
Company Insights
Shell PLC
Aker Solutions
Equinor ASA
Dakota Gasification Company
Linde plc
Siemens Energy
Fluor Corporation
Sulzer Ltd.
Mitsubishi Heavy Industries
Japan CCS Co., Ltd.
Carbon Engineering Ltd.
LanzaTech
Recent Developments:
In 2023, Equinor ASA expanded the Northern Lights CCS project in collaboration with TotalEnergies and Shell to enable cross-border CO2 transport and storage in the North Sea.
In 2024, Aker Solutions launched advanced post-combustion technology for industrial facilities, improving capture efficiency while reducing energy consumption.
Conclusion
The Europe carbon capture and storage market is on an upward growth trajectory, propelled by strong policy support, rapid industrial adoption, and rising investments in low-carbon infrastructure. Robust initiatives across Norway, the Netherlands, and the UK are leading Europe's transition toward a carbon-neutral future. With continued innovation, supportive regulation, and expanded cross-border collaboration, CCS is set to emerge as a cornerstone technology for achieving Europe's net-zero emission goals by 2050.
Contact Us
Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
DSL Abacus IT Park, Industrial Development Area
Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
Visit Our Website: https://www.datamintelligence.com
About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe Carbon Capture & Storage Market to Hit USD 12.14 Billion by 2033, Growing at 21.03% CAGR here
News-ID: 4239925 • Views: …
More Releases from DataM Intelligence
Self-Healing Coatings Market to Reach USD 13.84 Billion by 2030, Growing at 28.4 …
The global self-healing coatings market was valued at USD 2,432.51 million in 2023 and is forecasted to reach USD 13,843.58 million by 2030, exhibiting a strong CAGR of 28.4% between 2024 and 2030, according to DataM Intelligence. This rapid growth is driven by increasing demand for sustainable protective materials, as industries seek durable coating solutions that minimize maintenance and resource consumption. These advanced coatings, capable of autonomously repairing micro-cracks and…
United States Influenza Treatment Market Poised for Steady Growth Through 2032
The United States influenza treatment market reached USD 386.63 million in 2023 and is projected to grow to USD 468.66 million by 2032, expanding at a CAGR of 2.2% from 2024 to 2032. Market growth is underpinned by continuous antiviral development, rising influenza prevalence, and ongoing healthcare infrastructure investments. As new treatment options emerge, including locally acting antiviral agents and advances in vaccine development, the market is positioned to expand…
North America Biodegradable Plastic Market Projected to Reach USD 1,039.4 Millio …
The North America biodegradable plastic market is witnessing robust expansion, with its valuation standing at USD 1,039.4 million in 2021 and expected to surge at a compound annual growth rate (CAGR) of 9.6% through 2030, according to DataM Intelligence figures cited for this release. Key market drivers include rapid urbanization, higher demand for renewable and bio-based products, and the rising need for sustainable materials within flexible packaging, agriculture, consumer goods,…
Europe 5G Infrastructure Market Soars to USD 184.5 Billion by 2035 at 32.13% CAG …
The Europe 5G Infrastructure market is poised for an unprecedented boom, surging from USD 8.61 billion in 2024 to USD 184.5 billion by 2035, representing a robust CAGR of 32.13% throughout 2025-2035. DataM Intelligence underscores that this sector's growth is propelled by strong government-led digital transformation initiatives, expanding smart cities, and intensifying demand for high-speed, ultra-reliable connectivity across all European regions. Early 5G investments are unlocking applications from IoT to…
More Releases for CCS
Silver Plated CCS Wire And Nickel Plated CCS Wire Market Size Trends and Forecas …
USA, New Jersey- According to Market Research Intellect, the global Silver Plated CCS Wire And Nickel Plated CCS Wire market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The silver plated and nickel plated copper-clad steel (CCS) wire market is witnessing steady growth due to rising…
CCS Integrated Busbar Market Outlook and Future Projections for 2030
The ccs integrated busbar market represents a dynamic and continually evolving landscape, shaped by changing consumer demands and technological advancements. In this comprehensive report, we provide an in-depth exploration of the market, designed for a wide range of stakeholders including manufacturers, suppliers, distributors, and investors. Our goal is to equip industry participants with essential insights that enable informed decision-making in an ever-changing market environment. This analysis not only examines the…
DC Connector Market | Advantech Co., Ltd., Amphenol, CCS
Introduction:
The introduction to the report serves as a gateway into the comprehensive world of the dc connector market. As industries continue to evolve and adapt to changing consumer demands and technological advancements, understanding the market dynamics becomes paramount for industry stakeholders. The report takes on the responsibility of offering a profound and all-encompassing analysis of the dc connector market, catering to the needs of a diverse audience that includes manufacturers,…
GiroWeb CCS - Cashless Catering Solutions
Cashless solutions for business and education catering
GiroWeb is an IT systems provider focussing on complete solutions for cashless ordering, payment and transaction clearing in the area of communal catering. They have more than three decades of experience and competence around cash and cashless POS systems with payment solutions for business and education environments from kindergarten to university.
GiroWeb stands for cashless catering solutions with a competent and efficient one…
Carbon Capture and Sequestration (CCS) Market 2022 | Detailed Report
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Carbon Capture and Sequestration (CCS) industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Carbon Capture and Sequestration (CCS) market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Carbon Capture…
Schrack Seconet and CCS – strong individually, but #STRONGER together.
Care Communication Solutions GmbH (CCS) is now part of the Schrack Seconet family. By combining our forces and concentrating our knowledge, we are expanding our market position in the health care sector.
Anyone who receives care in an Austrian healthcare facility probably uses a Schrack Seconet product. The company is already a market leader in Austria for communication systems in the healthcare sector and is also present with products and solutions…
