Carbon Capture, Utilization and Storage (CCUS) Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the global Carbon Capture, Utilization and Storage Market size is predicted to reach USD 7.74 billion with a CAGR of 13.3% by 2030.

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The demand for market is significantly driven due to the growing awareness of the impacts of climate change and the need to focus on reducing greenhouse gas emissions.

Moreover, rising government policies and plans such as subsidies and tax exemption to encourage investment in CCUS technology is further driving the growth of the market.

North America dominates the carbon capture, utilization and storage market share and is expected to continue its dominance during the forecast period.

Various key players operating in the carbon capture, utilization and storage industry include Shell plc, Fluor Corporation, Mitsubishi Heavy Industries, Ltd., Exxon Mobil Corporation, JGC Holdings Corporation, Schlumberger Limited, Aker Solutions ASA, Honeywell International Inc., Halliburton Company, and Carbon Engineering Ltd. and others.