To gather both qualitative and quantitative insights, supply-side and demand-side stakeholders were interviewed during the primary research phase. Commercial leads from oil and gas majors, industrial gas providers, technology licensors, and engineering procurement construction (EPC) firms were among the supply-side sources, along with CEOs, CTOs of Carbon Capture Technologies, Heads of CCS Project Development, and regulatory affairs directors. Demand-side sources included procurement leads from energy-intensive sectors implementing CCS solutions, process engineers from chemical refineries, facility directors from power generation utilities, plant managers from cement and steel production, and carbon storage site operators. Primary study verified CO₂ storage site development pipelines, validated technology adoption timetables, and collected information on project funding methods, 45Q tax credit utilization, and carbon credit monetization tactics.
Primary Respondent Breakdown:
By Designation: C-level Primaries (28%), Director Level (42%), Others (30%)
By Region: North America (32%), Europe (35%), Asia-Pacific (25%), Rest of World (8%)
Global market valuation was derived through project pipeline valuation and capture capacity analysis. The methodology included:
Identification of 60+ key technology providers and project developers across North America, Europe, Asia-Pacific, and Middle East
Technology mapping across post-combustion capture, pre-combustion capture, oxy-fuel combustion, direct air capture, BECCS, and geological storage methods
Analysis of announced and under-construction project capacities with associated capital expenditure (CAPEX) and operational expenditure (OPEX) modeling
Coverage of developers and operators representing 75-80% of global operational and under-development CCS capacity in 2024
Extrapolation using bottom-up (cumulative capture capacity × unit cost by technology type and region) and top-down (major player revenue validation and government funding allocation analysis) approaches to derive segment-specific valuations for capture equipment, transportation infrastructure, and storage site development