The carbon capture and storage market is projected to grow to $14.4 billion by 2030 at a 15.3% CAGR, driven by industrial decarbonization, hydrogen economy growth, and government incentives. Major companies like Shell, ExxonMobil, and Mitsubishi Heavy Industries are active, with recent acquisitions such as TotalEnergies buying Talos Low Carbon Solutions for $148 million to expand CCS projects along the U.S. Gulf Coast. The report covers segmentation by technology (pre-combustion, post-combustion, oxy-combustion) and end-use industries like oil and gas, cement, steel, and chemicals. New standards like Verra's VM0049 methodology for carbon capture and storage are also emerging, aiming to improve transparency in carbon credit generation and emissions accounting. The market is projected to reach $14.4 billion by 2030, driven by government incentives and industrial decarbonization efforts. Key players include Shell, ExxonMobil, Mitsubishi Heavy Industries, and others, with a focus on post-combustion capture and integration into hydrogen production.
