Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14 Billion | USD 37 Billion | 8% | 2023 |
FrequentlyAsked Questions
Carbon Capture Utilization and Storage (CCUS) is a collection of systems that help minimize carbon emissions from various kinds of industrial processes along with enhancing power production.
The global U.S. carbon capture utilization and storage (CCUS) market growth over the forecast period can be owing to strong infrastructural growth including the transport of captured carbon dioxide and storing it in a proper place.
According to a study, the global U.S. carbon capture utilization and storage (CCUS) industry size was $14 billion in 2023 and is projected to reach $37 billion by the end of 2032.
The global U.S. carbon capture utilization and storage (CCUS) market is anticipated to record a CAGR of nearly 8% from 2024 to 2032.
The U.S. carbon capture utilization and storage (CCUS) market is led by players such as Kiewit Corporation, Occidental Petroleum Corporation, Air Products and Chemicals Inc., NRG Energy Inc., NET Power LLC, Chevron Corporation, TotalEnergies SE, Equinor ASA, Berkshire Hathaway Energy, ExxonMobil Corporation, Global Thermostat LLC, Southern Company, NextDecade Corporation, Cenovus Energy Inc., and Linde plc.
The western carbon capture utilization and storage (CCUS) industry is set to register the fastest CAGR over the forecasting timeline owing to strict law enforcement in states such as Oregon, Washington, and California related to regulating carbon emissions in the environment. For instance, California is focusing on neutralizing carbon by the end of 2045 by promoting the use of CCUS systems in the state.
The U.S. carbon capture utilization and storage (CCUS) market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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