Global Onboard Carbon Capture (OCC) Technology Market worth USD 1.2 Billion in 2024, Expanding at 15.2% CAGR to USD 4.5 Billion by 2033

London, UK - November 2025 | Strategic Revenue Insights Inc. According to recent analysis, the Global Onboard Carbon Capture (OCC) Technology Market is expected to grow from USD 1.2 billion in 2024 to USD 4.5 billion by 2033, with a CAGR of 15.2% during the forecast period.

The Onboard Carbon Capture (OCC) Technology Market focuses on technologies designed to capture and store CO2 emissions directly from ships and heavy transport vehicles before they are released into the atmosphere. This emerging market is a crucial part of global efforts to achieve net-zero emissions, especially in the maritime and shipping sectors, where decarbonization remains challenging. OCC systems use chemical absorption, cryogenic capture, or membrane separation to trap carbon during fuel combustion.

Overview

The Onboard Carbon Capture (OCC) Technology Market focuses on systems integrated into ships and vehicles to capture and store CO2 emissions directly at the source. This emerging technology is critical for achieving net-zero emission goals in maritime and heavy transport industries.
The market is growing due to tightening IMO (International Maritime Organization) regulations and increasing pressure for sustainable transportation.

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Key Driver, Restraint, and Growth Opportunity Shaping Onboard Carbon Capture (OCC) Technology Market

Drivers:

Stringent IMO emission regulations and global decarbonization initiatives are driving adoption of onboard carbon capture solutions. Increasing R&D in sorbent materials and compact CO2 capture units supports innovation.

Restraints:

High system costs, energy consumption, and retrofitting challenges limit near-term deployment.

Opportunities:

Growing focus on green shipping, carbon credits, and carbon utilization technologies creates long-term growth opportunities.

Challenges:

Integration into existing fleets and lack of global regulatory frameworks for CO2 storage validation are major obstacles.

SWOT Analysis

Strengths

High CO2 Reduction Potential:

Can achieve a significant (up to 90%) reduction in CO2 emissions, making it a powerful tool for compliance with stringent global maritime regulations (IMO, EU Green Deal).

Weaknesses

High Energy & Storage Demands:

Systems require significant energy to operate. Challenges with storing and transporting the captured CO2 (e.g., high sensitivity to temperature/pressure for liquid CO2 storage). High initial capital cost for setup.

Opportunities

Regulatory Pressure & Incentives:

Growing government initiatives (like the US Inflation Reduction Act) and strict international maritime regulations are driving rapid deployment. Corporate sustainability goals and investor pressure (ESG factors) create strong market pull.

Threats

Technical & Operational Challenges:

Weight limitations and integration complexity with existing vessel systems. Risk of CO2 leakage and potential public skepticism about the safety and effectiveness of the technology.

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2025-2033

• Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Leading Trends

• Market Segmentation - A detailed analysis by Types of Services, by End-User Services, and by regions

• Competitive Landscape - Top Key Vendors and Other Prominent Vendors

Major companies shaping the Onboard Carbon Capture (OCC) Technology Market in include

• Alfa Laval AB
• MAN Energy Solutions
• Gaztransport & Technigaz SA (GTT)
• Wärtsilä Corporation
• Panasia Co, Ltd.
• Aker Carbon Capture ASA
• BASF SE
• Samsung Heavy Industries (SHI) Co., Ltd.
• Carbon Engineering Ltd.
• Saudi Arabian Oil Co. (Aramco)

Germany is another key player in the market, with a market size of $250 million and a CAGR of 10%. The country's stringent environmental regulations and strong emphasis on sustainability are driving the demand for onboard carbon capture technologies. The automotive industry, in particular, is a major adopter of these technologies, with companies investing heavily in research and development to enhance their carbon capture capabilities.

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