The global carbon capture and storage equipment market was valued at $979 million in 2025 and is projected to grow to $1.9 billion by 2032, according to a new report from QYResearch. The 10.2% compound annual growth rate reflects increasing demand for technologies that capture CO2 from industrial processes and store it underground to reduce greenhouse gas emissions. Key players in the market include Climeworks, Baker Hughes, Carbon Engineering, and Global Thermostat. The equipment covers capture, transportation, and storage components. Growth drivers include regulatory pressure on emissions, investment in carbon removal technologies, and expanding project pipelines. However, high costs and competition from lower-cost alternatives remain barriers to faster adoption.
