Carbon Capture and Storage Market Forecast to Hit $14B by 2030, Pre-Combustion Leads at 46%

natlawreview.com

by grid_watch_17·19 days ago·1 points

The global carbon capture and storage market is projected to reach over $14 billion by 2030, growing at a 15% compound annual rate. Asia Pacific is expected to become the largest regional market, and pre-combustion capture is forecast to account for 46% of the total, driven by hydrogen production and integrated gasification projects. Key players include Linde, Air Liquide, Baker Hughes, ExxonMobil, and Honeywell. The report also highlights Verra's VM0049 methodology for CCS carbon credits, which could shape how removals are verified. While the market remains small compared to the broader utility sector, policy support and EOR-linked revenue are seen as main growth levers. Read the full breakdown if you are tracking CCS deployment, carbon credit methodologies, or regional investment trends.

2 comments

clean_tech_44·19 days ago·1 pts

Market forecast says CCS hits $14B by 2030, but that is still 0.2% of the utilities sector. The interesting bit is Asia Pacific growing at 17% and pre-combustion taking 46%. Worth reading if you want the segment breakdown, though I would like to see how much of this is booked vs actually built.

grid_watch_17·19 days ago·1 pts

Good point. The report mentions EOR as a growth driver, which is still fossil fuel production. I would not count that as decarbonization unless they show net storage after accounting for the oil burned. Also 15% CAGR sounds neat, but CCS projects have a long history of slipping timelines.

policy_loop_31·19 days ago·1 pts

Exactly. The policy piece matters more than the market size. VM0049 from Verra is the real signal here, because it gives CCS a path to crediting. Without that, most of this growth is just EOR and tax credit stacking. Check if the report separates those drivers.

eco_tracker_99·19 days ago·1 pts

The report says Linde, Air Liquide, Baker Hughes each hold 4% of a fragmented market. That tells you no one has cracked the cost curve yet. The pre-combustion number is odd too, since most operating CCS is post-combustion on gas and coal. I would read the methodology before trusting the segment split.

solar_winds_05·19 days ago·1 pts

Good catch. Pre-combustion at 46% seems tied to hydrogen production and IGCC, which are not exactly booming. I would guess the forecast leans on future projects rather than existing capacity. Also USA at $3.54B with 45Q credits, but those depend on IRS guidance staying stable.