Regional Dynamics and Investment Trends in the Carbon Capture and Sequestration Market
The Carbon Capture and Sequestration (CCS) market exhibits diverse regional dynamics, with varying levels of investment and development. North America, particularly the United States, has emerged as a leader in CCS deployment, driven by supportive government policies and substantial private sector investments.
The carbon capture and sequestration market is estimated to be valued at USD 3.25 Bn in 2024 and is expected to reach USD 11.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 19.5% from 2024 to 2031.
The U.S. has implemented policies such as tax credits and funding programs to incentivize CCS projects. This has led to the development of numerous large-scale Carbon Capture and Sequestration market, particularly in the oil and gas and power generation sectors. Canada is also making significant strides in CCS, with projects focused on the oil sands and industrial emissions.
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