Will the global Carbon Capture and Storage (CCS) market size exceed $7 Billion USD (according to a major industry analyst) by the end of 2030?

CCS Market Growth Pace

Current industry forecasts (simulated late 2025 context) project the global Carbon Capture and Storage (CCS) market to reach approximately $5.61 billion USD by 2030, growing at a CAGR of about 7.4%. To exceed $7 billion USD would require a significant acceleration beyond current forecasts, possibly driven by unprecedented government incentives (like the US 45Q tax credit) or unexpected breakthroughs in Direct Air Capture (DAC) technology. The strong 'No' vote reflects the reliance on the consensus industry forecast, which suggests the market will fall short of the $7 billion threshold, constrained by the high cost of deployment and slow regulatory approval for storage sites.