Question 1

1.	What is the size of the global carbon capture and storage market in 2022?

Accepted Answer

The global carbon capture and storage market was valued at USD 3,275.6 Million in 2022.

Question 2

2.	What is the expected growth rate of the carbon capture and storage market over the forecast period?

Accepted Answer

The global carbon capture and storage market is expected to expand at a CAGR of 20.5% between 2023 and 2030.

Question 3

3.	What factors are driving the global carbon capture and storage market currently?

Accepted Answer

Stringent government regulations, climate change mitigation, increasing demand for power generation, and growing demand for CO2-EOR techniques drive the global carbon capture and storage market currently.

Question 4

4.	Who are the key players in the global carbon capture and storage market space?

Accepted Answer

Royal Dutch Shell plc, Halliburton Company, Aker Solutions, Exxon Mobil Corporation., Fluor Corporation, Siemens Energy, Linde plc, Schlumberger Limited, Statoil ASA, Chevron Corporation, Sulzer Ltd., and General Electric.

Question 5

5.	What are the major market opportunities in the coming years?

Accepted Answer

High pollution levels, technological advancements, and growing public awareness provide an opportunity for carbon capture and storage manufacturers to expand their reach and tap into a broader customer base.

Question 6

6.	How did COVID-19 impact the global carbon capture and storage market?

Accepted Answer

COVID-19 impacted the global carbon capture and storage market with project delays, disruptions in supply chains, and reduced industrial activities. Economic uncertainties also influenced investment decisions and project implementations.

Question 7

7.	Which region accounted for the largest share of the global carbon capture and storage market?

Accepted Answer

North America accounted for the largest share in the global carbon capture and storage market driven by a strong presence of leading end-use industries, a growing demand for clean technologies, and rising adoption CO2-EOR techniques.