A Greener Horizon: Growth Prospects in the Carbon Capture and Storage Market
The carbon capture and storage market was estimated at USD 3.57 billion in 2022 and is likely to grow at a CAGR of 5.92% during 2023-2028 to reach USD 5.04 billion in 2028.
Carbon capture and storage is the processing of capturing waste carbon dioxide, transporting it to a storage site, and depositing it where it will not enter the atmosphere. The market is segmented by technology type into pre-combustion, post-combustion, and oxy-fuel combustion and by application type into oil & gas, chemical processing, power generation, and others.