Carbon Capture And Storage Research Report 2023: A Global $5.61 Billion Market by 2030: Market Driven by Environmental Concerns and Government Initiatives, Pre-Combustion Technology Dominates - ResearchAndMarkets.com
The global carbon capture and storage market size is expected to reach USD 5.61 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030.
- The global carbon capture and storage market size is expected to reach USD 5.61 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030.
- This growth is attributed to the presence of favorable government policies and funding initiatives in the European Union (EU).
- Increasing concerns regarding the detrimental effect of carbon emissions on the environment have prompted the adoption of carbon capture and storage technology.
- However, the high cost of carbon capture and storage technology may not prove to be a viable solution for many industry players as well as countries globally.