Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Carbon Capture and Storage (CCS) in Power Generation Market to Reach $450.5 Million, Globally, by 2032 at 11.7% CAGR: Allied Market Research

This image opens in the lightbox

News provided by

Allied Market Research

10 Apr, 2024, 10:45 GMT

Share this article

Share toX

Share this article

Share toX

The global carbon capture and storage (CCS) in power generation market is experiencing growth due to several factors such as increasing environmental regulations, government incentives, and corporate sustainability goals

PORTLAND, Ore., April 10, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Global Carbon Capture and Storage (CCS) in Power Generation Market by Fuel type (Coal, Natural Gas, Oil, and Others), by Service (Capture, Transport, and Storage), and by Technology (Pre Combustion Capture, Oxy-Fuel Combustion Capture, and Post Combustion Capture): Global Opportunity Analysis and Industry Forecast, 2022-2032". The carbon capture and storage (CCS) in power generation market was valued at $ 131.2 million in 2022 and is projected to reach $ 450.5 million by 2032, growing at a CAGR of 11.7% from 2023 to 2032.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A212152

Prime determinants of growth

The global carbon capture and storage (CCS) in power generation market is experiencing growth due to several factors Public awareness and concern about climate change and growing focus on reducing CO2 emissions. However, extensive infrastructure requirements for CCS technology hinder market growth to some extent. Moreover, utilizing carbon capture and storage (CCS) technology in coal-fired power plants offers remunerative opportunities for the expansion of the global carbon capture and storage (CCS) in power generation market.

Report coverage & details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$131.2 million

Market Size in 2032

$450.5 million

CAGR

11.7 %

No. of Pages in Report

180

Segments Covered

Fuel Type, Service, Technology and Country

Drivers

Growing focus on reducing CO2

Government support

Opportunity

Utilizing carbon capture and storage (CCS) technology in coal-fired power plants

Restraint

Extensive infrastructure requirements for CCS technology

The coal segment is expected to grow faster throughout the forecast period.

Based on the fuel type, the coal segment held the highest market share in 2022, accounting for more than half of the global carbon capture and storage (CCS) in power generation market revenue and is projected to manifest the highest CAGR of 11.8% from 2023 to 2032. This can be attributed to the fact that coal is used in power generation as it is a reliable and relatively inexpensive source of energy. It is used to generate electricity in coal-fired power plants by burning coal to heat water and produce steam, which then drives turbines connected to generators. This process is known as thermal power generation. Coal is a key fuel source for power generation; however, it also emits a significant amount of carbon dioxide (CO2) when burned. Carbon capture and storage (CCS) technology is used to capture and store CO2 emissions from coal-fired power plants, reducing their environmental impact. This technology involves capturing CO2 emissions from power plants, compressing them into a liquid form, and then transporting and storing them underground in geological formations. CCS has the potential to significantly reduce CO2 emissions from coal-fired power plants, making them a more sustainable option for power generation.

The capture segment is expected to lead throughout the forecast period.

Based on the service, the capture segment held the highest market share in 2022, accounting for more than half of the global carbon capture and storage (CCS) in power generation market revenue and is likely to retain its dominance throughout the forecast period. Capture in CCS (carbon capture and storage) technology refers to the process of capturing carbon dioxide (CO2) emissions from power plants and other sources before they are released into the atmosphere. This captured CO2 is then transported to a storage site, typically deep underground, where it is stored permanently. The primary goal of capture in CCS technology is to reduce greenhouse gas emissions and combat climate change.

However, the storage segment is projected to manifest the highest CAGR of 12.4% from 2023 to 2032. This can be attributed to the fact that the captured CO2 is compressed and transported to a storage site, where it is injected deep into geological formations, such as depleted oil and gas reservoirs or saline aquifers. This prevents CO2 from entering the atmosphere and contributing to climate change. CCS technology is used in power generation to reduce greenhouse gas emissions and mitigate the impact of fossil fuel use on the environment. It is a key technology for achieving carbon neutrality and reducing the carbon footprint of power generation.

Procure Complete Report (180 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/carbon-capture-and-storage-in-power-generation-market

The oxy-fuel combustion capture segment is expected to grow faster throughout the forecast period.

Based on the technology, the post-combustion capture held the highest market share in 2022, accounting for more than two-fifths of the global carbon capture and storage (CCS) in power generation market revenue and is likely to retain its dominance throughout the forecast period. Post-combustion capture technology is a method used in carbon capture and storage (CCS) to reduce carbon dioxide emissions from power generation. It involves capturing CO2 from the flue gas stream after combustion has occurred. This is typically done using chemical solvents or absorbents that selectively capture CO2 while allowing other gases to pass through. Once captured, the CO2 is compressed and transported for storage in geological formations, such as depleted oil and gas reservoirs or deep saline aquifers. Post-combustion technology is widely used in coal and natural gas-fired power plants, as well as in industries such as cement and steel production. It is considered a key technology for reducing greenhouse gas emissions and combating climate change.

However, the oxy-fuel combustion capture segment is projected to manifest the highest CAGR of 12.1% from 2023 to 2032. This can be attributed to the oxy-fuel combustion capture technology involves burning fuel in a mixture of oxygen and recycled flue gas, resulting in a concentrated stream of CO2 that is captured and stored. This technology is used in carbon capture and storage (CCS) in power generation to reduce greenhouse gas emissions. By capturing and storing CO2, oxy-fuel combustion helps mitigate climate change and reduce the environmental impact of power plants. It is a promising technology for achieving carbon neutrality and meeting emission reduction targets.

Canada to maintain its dominance by 2032.

Based on country, Canada held the highest market share in terms of revenue in 2022, accounting for more than half of the global carbon capture and storage (CCS) in power generation market revenue and is expected to rule the roost in terms of revenue throughout the forecast timeframe. Carbon capture and storage (CCS) technology has gained significant traction in the power generation market in Canada. As the country seeks to reduce its carbon emissions and transition toward a cleaner energy future, CCS has emerged as a key solution for capturing and storing CO2 emissions from power plants. The Canadian government has also been actively supporting CCS projects through funding and incentives, further driving the adoption of this technology in the power generation sector.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A212152

Leading Market Players: -

  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Linde plc
  • Shell plc
  • Exxon Mobil Corporation
  • JGC HOLDINGS CORPORATION
  • NRG Energy, Inc.
  • Honeywell International Inc.
  • General Electric
  • Fluor Corporation
  • Siemens Energy

The report provides a detailed analysis of these key players in the global carbon capture and storage (CCS) in power generation market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in Carbon Capture and Storage (CCS) in Power Generation Industry:

Carbon Capture, Utilization, and Storage (CCUS) Market: Opportunity Analysis and Industry Forecast, 2023-2032

Carbon Credit Trading Platform Market: Size, Share, and Industry Forecast, 2023-2032

Carbon Credits Market: Share, Growth Industry Forecast, 2023-2032

Decarbonised Fuel Market: Size, Share, and Industry Forecast, 2023-2032

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

Modal title

Also from this source

Citrus Aurantium Extract Market to Reach $4,339.2 Million by 2027 in short term and $5,671.7 million by 2034 Globally, at 3.8% CAGR: Allied Market Research

Citrus Aurantium Extract Market to Reach $4,339.2 Million by 2027 in short term and $5,671.7 million by 2034 Globally, at 3.8% CAGR: Allied Market Research

Allied Market Research published a report, titled, "Citrus Aurantium Extract Market - Global Opportunity Analysis and Industry Forecast, 2025-2034",...

Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research

Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research

Allied Market Research published a report titled, "Speech-to-text API Market - Global Opportunity Analysis and Industry Forecast, 2024-2034," valued...

More Releases From This Source

Explore

Utilities

Utilities

Environmental Products & Services

Environmental Products & Services

Oil & Energy

Oil & Energy

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.