Carbon Capture, Utilization, and Storage Market Projected to Garner Significant Revenues By 2030
The global carbon capture, utilization, and storage market is expected to head toward expansion in the coming years, owing to rising industrialization along with soaring investments toward introduction of emission control machinery will create significant market opportunities across various sectors including oil & gas, chemical and power generation across the globe. In addition, increasing industrialization rate coupled with the growing investment toward expansion of manufacturing facilities has raised the deployment of CCUS projects globally. Furthermore, several governmental policies to limit the greenhouse gases emission across the key economic sectors with the participation of regulators will further stimulate the carbon capture, utilization, and storage industry landscape. The global carbon capture, utilization, and storage market was valued at $1.9 billion in 2020, and is projected to reach $7.0 billion by 2030, growing at a CAGR of 13.8% from 2021 to 2030. ...