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Europe Carbon Capture and Storage Market Share

Report ID: GMI6623
Published Date: Sep 2023
Report Format: PDF

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Europe Carbon Capture and Storage Market Share

Major manufacturers operating across the Europe carbon capture and storage market includes:

Linde plc
General Electric
Siemens
Aker Solutions
Halliburton
SLB
Exxon Mobil Corporation
Shell CANSOLV
Fluor Corporation
Sulzer
Equinor
SSE
Carbon Clean Solutions Limited
TotalEnergies
Vattenfall AB
RWE
Heidelberg Materials

These participants are reshaping the industry through the integration of CCS into carbon markets. Companies are not only using CCS to comply with emission reduction targets but are also exploring ways to monetize carbon capture and storage. This shift is creating new business models and revenue streams within the industry.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of carbon capture and storage in Europe crossed USD 470.7 million in 2023 and will witness over 34% CAGR from 2024 to 2032, due to the mounting pressure to reduce carbon emissions and the substantial uptick in investments across industries.

The power generation applications is set to record 44.3% CAGR through 2032, owing to rising adoption in various power plants for the utilization of low-cost fossil fuels for electricity generation.

Norway carbon capture and storage industry size is poised to record over 14.5% CAGR from 2023-2032, owing to strong government support, international collaboration, higher focus on offshore CCS, and rising integration into broader energy transition plans.

Linde plc, General Electric, Siemens, Aker Solutions, Halliburton, SLB, Exxon Mobil Corporation, Shell CANSOLV, Fluor Corporation, Sulzer, Equinor, SSE, TotalEnergies, Eni, Vattenfall AB, RWE, and Heidelberg Materials are some of the carbon capture and storage firms in Europe.