Article -> Article Details
| Title | India Carbon Capture And Storage Market Trends & Forecast Report by 2033 |
|---|---|
| Category | Business --> Agriculture |
| Meta Keywords | carbon capture and storage |
| Owner | SAKSHI BAHANDARI |
| Description | |
| The India Carbon Capture and Storage Market reached a size of USD 97.08 Million in 2024 and is expected to reach USD 195.36 Million by 2033. The market exhibits a CAGR of 8.08% during the forecast period 2025-2033. This growth is driven by stringent emission regulations, net-zero commitments, industrial decarbonization needs, and advancements in capture technologies supported by foreign investments, carbon credit incentives, and energy security concerns in high-emission sectors such as electricity, steel, and cement. The report presents a thorough review featuring the India Carbon Capture and Storage Market Trends, share, growth, and research of the industry.
STUDY ASSUMPTION YEARS
INDIA CARBON CAPTURE AND STORAGE MARKET KEY TAKEAWAYS
Sample Request Link: https://www.imarcgroup.com/india-carbon-capture-storage-market/requestsample MARKET TRENDS Carbon capture and utilization (CCU) technology is increasingly adopted in industrial operations to reduce emissions and meet environmental objectives. This technology enables more efficient CO₂ capture and promotes low-carbon energy solutions. Government incentives and regulatory support drive firms to implement carbon capture in high-emission sectors, balancing economic growth with environmental stewardship. Expanding carbon capture infrastructure is essential for long-term decarbonization, reducing dependence on fossil fuels, and boosting energy security. Investment in carbon utilization and storage technologies reinforces emission reduction efforts, establishing CCU as vital for achieving climate goals. As companies integrate advanced technologies, scalable carbon capture initiatives become crucial to hit net-zero targets and create a cleaner environment. For instance, in December 2024, New Era Cleantech Solutions received financial incentives from India’s Ministry of Coal for the nation's first large-scale coal gasification and carbon capture project aimed at achieving 100% CO₂ collection aligned with net-zero goals by 2030. Carbon capture, utilization, and storage (CCUS) is emerging as a critical solution for industrial decarbonization. Scaling CCUS in high-emission industries requires a strong regulatory framework alongside R&D advancements. Legislative incentives and strategic investments in carbon markets encourage companies to adopt carbon capture technologies, progressing long-term emission reduction goals. The 25th meeting of India’s Science, Technology, and Innovation Advisory Council (PM-STIAC) in July 2024 emphasized CCUS’s role in aiding decarbonization, advocating regulatory frameworks, R&D, and carbon market development to reduce emissions in challenging industries, supporting India’s emission reduction and net-zero targets. MARKET GROWTH FACTORS The market growth is driven by stringent emission regulations, growing net-zero commitments, and industrial decarbonization demands. Technological progress in carbon capture enhances operational efficiencies. Foreign investments and carbon credit incentives promote CCS adoption in electricity, steel, and cement industries, propelling market growth throughout 2025-2033. Government incentives and regulatory support motivate firms to deploy carbon capture systems in high-emission sectors, balancing economic growth with environmental responsibility. Such support also leads to the expansion of carbon capture infrastructure, vital for long-term decarbonization and reinforcing energy security. Corporate sustainability commitments, technological advancements, and international collaborations further accelerate market growth. Notably, in February 2025, Honeywell and AM Green signed an MoU focusing on manufacturing sustainable aviation fuel, green methanol, and green hydrogen. Similarly, in December 2024, Larsen & Toubro partnered with n0c tech to deliver affordable, compact CCS technology across industries like steel, cement, and oil and gas, highlighting growing industry engagement. MARKET SEGMENTATION Service Insights:
Technology Insights:
End Use Industry Insights:
RECENT DEVELOPMENTS & NEWS In February 2025, Honeywell and AM Green signed a memorandum of understanding during India Energy Week 2025 to assess the techno-economic feasibility of producing sustainable aviation fuel from ethanol, green methanol from CO₂ sources, and green hydrogen, highlighting their focus on the energy transition. In December 2024, Larsen & Toubro (L&T) partnered with climate tech firm n0c tech to deliver low-cost, compact carbon capture and storage technology across industries including steel, cement, oil and gas, chemicals, marine, and energy-from-waste, aiming to expand India's carbon capture and storage sector. KEY PLAYERS
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. ABOUT US IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. CONTACT US IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91-120-433-0800, United States: +1-201-971-6302 | |
