#CCUS #Absorption Market is expected to grow at an average CAGR of 26.5%, from USD 0.4 billion in 2024 to USD 1.7 billion in 2030. Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195003573 The implementation of CCUS absorption by industries is being driven by government support and policy initiatives. In the #UK, the government has announced significant public funding for new CCUS projects and is adopting a three-pronged approach, including policy support, industrial hubs with shared CO2 transport and storage infrastructure, and investment in technology innovation. #China has been building its domestic CCUS technology capacity since 2007 and has undertaken industry-level pilot projects for carbon capture technologies. India has also set out a roadmap for the adoption of CCUS, involving collaboration between industry partners and the government. These government-led initiatives are crucial for accelerating the deployment of CCUS technologies in various industries. #Asia Pacific to be the fastest-growing region in the CCUS Absorption market during the forecast period The North #American region has dominated the adoption of Carbon Capture, Utilization, and Storage (CCUS) absorption technology. This is due to the region's significant carbon footprint from industries such as oil and gas, power generation, and manufacturing. The US government has been actively encouraging the adoption of CCUS technology through policies and incentives, such as the 45Q tax credit and the Clean Power Plan. As a result, many companies, including ExxonMobil, Chevron, and Occidental Petroleum, have invested heavily in CCUS projects. The region's regulatory environment and technological advancements have also contributed to the widespread adoption of CCUS technology. Additionally, the North American market is expected to continue growing, driven by the increasing focus on reducing CO2 emissions and the development of innovative CCUS technologies. Some of the key players in the global CCUS Absorption market includes ExxonMobil Corporation (US), Equinor ASA (Norway), Honeywell International Inc. (US), Fluor Corporation (US), Mitsubishi Heavy Industries Ltd. (Japan), Royal Dutch Shell Plc (Britain), TotalEnergies SE (France), BASF SE (#Germany), JGC Holdings Corporation (Japan), Schlumberger Ltd. (US), Aker Solutions (#Norway), Siemens AG (#Germany), Hitachi Ltd. (Japan), General Electric (US), Chevron Ion Clean Energy (US). Don’t miss out on business opportunities in CCUS Absorption Market. Speak to our analyst and gain crucial industry insights that will help your business grow. ???? ???? ???? & ????? ?? ???????? (???) ?? https://www.marketsandmarkets.com/Market-Reports/ccus-absorption-market-195003573.html