Global Carbon Capture and Sequestration Market to Reach $29.5 Billion by 2030
The global market for Carbon Capture and Sequestration estimated at US$12.8 Billion in the year 2023, is expected to reach US$29.5 Billion by 2030, growing at a CAGR of 12.7% over the analysis period 2023-2030. Carbon Capture, one of the segments analyzed in the report, is expected to record a 13.9% CAGR and reach US$14 Billion by the end of the analysis period. Growth in the Carbon Transport segment is estimated at 12.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 16.8% CAGR
The Carbon Capture and Sequestration market in the U.S. is estimated at US$3.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 16.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 10.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.7 Billion by the year 2030.
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