Oil and Gas Carbon Capture and Storage Market Size, Share, and Trends 2024 to 2034

The global oil and gas carbon capture and storage market size is calculated at USD 4.61 billion in 2025 and is forecasted to reach around USD 15.71 billion by 2034, accelerating at a CAGR of 14.60% from 2025 to 2034. The North America market size surpassed USD 1.45 billion in 2024 and is expanding at a CAGR of 14.73% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5853
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective                  

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Oil and Gas Carbon Capture and Storage Market

5.1. COVID-19 Landscape: Oil and Gas Carbon Capture and Storage Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Oil and Gas Carbon Capture and Storage Market, By Technology

8.1. Oil and Gas Carbon Capture and Storage Market, by Technology Type

8.1.1. Pre Combustion

8.1.1.1. Market Revenue and Forecast

8.1.2. Post Combustion

8.1.2.1. Market Revenue and Forecast

8.1.3. Oxy-Fuel Combustion

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Oil and Gas Carbon Capture and Storage Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Technology

9.1.2. U.S.

9.1.2.1. Market Revenue and Forecast, by Technology

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Forecast, by Technology

9.2. Europe

9.2.1. Market Revenue and Forecast, by Technology

9.2.2. UK

9.2.2.1. Market Revenue and Forecast, by Technology

9.2.3. Germany

9.2.3.1. Market Revenue and Forecast, by Technology

9.2.4. France

9.2.4.1. Market Revenue and Forecast, by Technology

9.2.5. Rest of Europe

9.2.5.1. Market Revenue and Forecast, by Technology

9.3. APAC

9.3.1. Market Revenue and Forecast, by Technology

9.3.2. India

9.3.2.1. Market Revenue and Forecast, by Technology

9.3.3. China

9.3.3.1. Market Revenue and Forecast, by Technology

9.3.4. Japan

9.3.4.1. Market Revenue and Forecast, by Technology

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Forecast, by Technology

9.4. MEA

9.4.1. Market Revenue and Forecast, by Technology

9.4.2. GCC

9.4.2.1. Market Revenue and Forecast, by Technology

9.4.3. North Africa

9.4.3.1. Market Revenue and Forecast, by Technology

9.4.4. South Africa

9.4.4.1. Market Revenue and Forecast, by Technology

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Forecast, by Technology

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Technology

9.5.2. Brazil

9.5.2.1. Market Revenue and Forecast, by Technology

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Forecast, by Technology

Chapter 10. Company Profiles

10.1. Air Products

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Chevron

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Exxon Mobil

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Dakota Gasification Company

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Equinor

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Mitsubishi Heavy Industries

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. NRG Energy

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. General Electric

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Halliburton

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Linde

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Frequently Asked Questions

The global oil and gas carbon capture and storage market size is expected to grow from USD 4.02 billion in 2024 to USD 15.71 billion by 2034.

The oil and gas carbon capture and storage market is anticipated to grow at a CAGR of 14.60% between 2025 and 2034.

The major players operating in the oil and gas carbon capture and storage market are Air Products, Chevron, Exxon Mobil, Dakota Gasification Company, Equinor, Mitsubishi Heavy Industries, NRG Energy, General Electric, Halliburton, Linde, Shell, Siemens, SLB, Sulzer, TotalEnergies, and Others.

The driving factors of the oil and gas carbon capture and storage market are the growing environmental concerns are driving the growth of the oil and gas carbon capture and storage market.

North America region will lead the global oil and gas carbon capture and storage market during the forecast period 2025 to 2034.

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