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Point Source Carbon Capture Service Market Trends：the market size is projected to grow from USD 5,101.65 million in 2024 to USD 12,674.40 million by 2031
The Point Source Carbon Capture Service is a critical component within the broader CCUS (Carbon Capture, Utilization, and Storage) framework, specifically focused on the capture phase. PSCD is designed to directly capture carbon dioxide (CO₂) emissions from fixed point sources such as power plants or industrial facilities, where CO₂ is concentrated. It employs technologies like absorption, adsorption, or membrane separation to efficiently remove CO₂ from flue gases. While PSCD addresses the capture process, CCUS encompasses the entire lifecycle of CO₂ management, including the utilization (e.g., converting CO₂ into products) and storage (e.g., underground sequestration) to reduce greenhouse gas emissions and mitigate climate change. In essence, PSCD is centred around the capture aspect, serving as the foundational step in the CCUS process.
According to the new market research report "Point Source Carbon Capture Service - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global Point Source Carbon Capture Service market size is projected to grow from USD 5,101.65 million in 2024 to USD 12,674.40 million by 2031, at a CAGR of 14.39% during the forecast period.
- Global Point Source Carbon Capture Service MarketSize(US$ Million), 2020-2031
Source: QYResearch, "Point Source Carbon Capture Service - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
- Global Point Source Carbon Capture Service Top17Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Point Source Carbon Capture Service - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
This report profiles key players of Point Source Carbon Capture Service such as Exxon Mobil, Aker Solutions (SLB), Mitsubishi, BASF, etc.
In 2023, the global top five Point Source Carbon Capture Service players account for 37.08% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Point Source Carbon Capture Service.
Point Source Carbon Capture Service Market Trends
Growing Focus on Decarbonization | There is an increasing global push for decarbonization as part of climate change mitigation efforts. Governments and industries are prioritizing carbon capture technologies to meet emissions reduction targets, especially under international agreements like the Paris Agreement. As industries face stricter carbon emission regulations, PSCD adoption is expected to rise. |
Government Incentives and Policies | Governments worldwide are implementing subsidies, tax credits, and other financial incentives to encourage the deployment of carbon capture technologies. Notable examples include the U.S.'s 45Q tax credit, which offers financial incentives for CO₂ capture, and the EU’s Green Deal, which includes funding for carbon capture initiatives. These policies are spurring investments and expanding the market for PSCD. |
Technological Advancements and Cost Reduction | Innovations in carbon capture technology are driving efficiency improvements and reducing costs. Advances such as improved solvents, membrane technology, and integration with renewable energy sources (like green hydrogen) are making PSCD more economically viable. This trend is helping to accelerate market adoption in sectors like power generation and oil & gas. |
Increasing Demand from Hard-to-Abate Industries | Sectors like cement, steel, and chemical manufacturing, which are difficult to decarbonize through other means, are seeing increased interest in PSCD solutions. As these industries continue to face pressure to reduce their carbon footprint, PSCD is becoming a key tool for compliance with environmental regulations and sustainability goals. |
About The Authors
| Yan He QyResearch ANALYST Email: heyan@qyresearch.com |
Yan He is a QyResearch Analyst. As a member of QyResearch, Yan He’s expertise is New Energy, Electronics & Semiconductors Medical Devices & Healthcare Products and Chemical Industry. She has been involved in and delivered several reports as well as customised projects. As an industry analyst, Yan He has several years’ experience at QyResearch, where she specializes in providing in-depth market research and strategic insights across various sectors. Her expertise lies in analyzing market trends, identifying growth opportunities, and evaluating competitive landscapes to help businesses make data-driven decisions. Offering valuable perspectives which drive innovation and support strategic planning for organizations looking to stay ahead in a rapidly evolving market environment. |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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