North America Carbon Capture and Storage Market Size, Share & Trends Analysis Report By Technology (Pre-combustion Capture, Oxy-fuel Combustion Capture, Post-combustion Capture), By End-User Industry (Oil and Gas, Coal and Biomass Power Plant, Iron and Steel, Chemical) and By Country (U.S., Canada) Forecasts, 2026-2034

Last Updated: September 21, 2026 | Author: Ismail Sutaria | Format:

North America Carbon Capture and Storage Market Size

The North America carbon capture and storage market size was valued at USD 1.39 billion in 2025 and is projected to grow from USD 1.58 billion in 2026 to  USD 4.38 billion by 2034 at a CAGR of 13.6% during the forecast period 2026-2034.

Key growth drivers include stringent government regulations on carbon emissions, advancements in CCS technologies, and increasing investments from the oil and gas sector. In addition, the market's evolution aligns with global sustainability goals and the region's transition toward cleaner energy.

Download a Free Sample To learn more about this report.

Segmentation Analysis

By Technology

Pre-combustion capture dominates the technology segment and is expected to grow at a CAGR of 11.4% over the forecast period. Pre-combustion capture dominates due to its application in large-scale industrial projects, particularly in the oil and gas sector. This technology is highly efficient, capturing CO₂ during the fuel conversion process. In North America, pilot projects in hydrogen production and integrated gasification combined cycle (IGCC) plants drive growth. Companies like Air Products are pioneering pre-combustion capture projects to decarbonize hydrogen production.

North America Carbon Capture and Storage Market Size By Segments

Request Customizationto receive a tailored report.

By Service

Capture services dominate the segment and are expected to grow at a CAGR of 11.3% during the forecast period. The capture segment, encompassing design, operation, and maintenance services, is pivotal to the market. Firms like Aker Carbon Capture are gaining traction by offering modular solutions tailored for industrial emissions. Growth is fueled by rising demand for customized CCS services in diverse industries such as manufacturing and refining.

By Utilization Technology

Catalytic conversion dominates the utilization technology and is expected to grow at a CAGR of 12.1% over the forecast period. Catalytic conversion's potential to transform CO₂ into sustainable products is a key growth driver. Industries are increasingly adopting this technology to produce methanol, synthetic fuels, and construction materials. Innovations by companies like Carbon Clean and Blue Planet in CO₂-to-concrete technologies are setting benchmarks for utilization.

By End Users

Oil and gas dominate the end-user segment and are expected to grow at a CAGR of 11.2% during the forecast period. The oil and gas sector is leading CCS adoption in North America, leveraging technologies for enhanced oil recovery (EOR) and emissions reduction. ExxonMobil's commitment to invest USD 17 billion in low-carbon solutions by 2027 highlights the segment's potential. Regulatory mandates further support CCS adoption in this sector.

North America Carbon Capture and Storage Market Share By Segments

Speak to an Analystto discuss market opportunities.

Regional Insights

The market is characterized by strong policy incentives, technological advancements, and industrial collaborations to achieve ambitious carbon neutrality goals. Countries in North America are leading CCS adoption through large-scale projects, leveraging their geological storage capacity, and fostering international partnerships.

The United States is a global leader in CCS, driven by incentives like the 45Q tax credit. Major projects, such as the Petra Nova facility in Texas and the Illinois Industrial Carbon Capture and Storage project, highlight the country’s commitment to industrial decarbonization. ExxonMobil's Houston CCS Hub aims to store up to 100 million tonnes of CO2 annually by 2040.

Canada integrates CCS into its oil and gas sector, with projects like Shell’s Quest in Alberta capturing over 7 million tonnes of CO2 since 2015. The Alberta Carbon Trunk Line, capable of transporting 14.6 million tonnes of CO2 annually, supports EOR and geological storage.

Mexico is exploring CCS to decarbonize its energy sector. The Comisión Federal de Electricidad (CFE) is assessing potential storage sites and integrating CCS in its natural gas plants, with pilot projects planned in Veracruz and Tabasco.

Greenland’s potential for CCS is tied to its abundant geological formations although still in the early stages. Collaboration with Nordic countries aims to establish regional storage hubs, leveraging expertise from Europe.

Bermuda focuses on leveraging CCS for maritime emissions. Collaborations with shipping companies explore integrating carbon capture systems into transatlantic trade routes, contributing to the decarbonization of global supply chains.

List of Key and Emerging Players in North America Carbon Capture and Storage Market

Aker Solutions

Air Liquide

Baker Hughes

Dakota Gasification Company

Exxon Mobil Corporation

Fluor Corporation

General Electric

Key Industry Developments

June 2026 – SLB (Schlumberger) expanded its carbon capture and storage (CCS) portfolio in North America by introducing advanced CO₂ storage characterization, reservoir monitoring, and digital subsurface solutions to accelerate large-scale carbon management projects.

March 2026 – ExxonMobil strengthened its low-carbon solutions business by advancing integrated carbon capture, transportation, and geological storage infrastructure across North America, supporting emissions reduction for industrial facilities.

November 2025 – Shell expanded its carbon capture and storage initiatives through strategic collaborations with industrial partners to develop large-scale CCS hubs and CO₂ transportation networks across North America.

July 2025 – Occidental Petroleum, through its subsidiary 1PointFive, advanced direct air capture and carbon storage projects by expanding carbon management infrastructure to support industrial decarbonization and long-term CO₂ sequestration.

Report Scope

Segmentation

By Technology 3

Pre-combustion Capture
Oxy-fuel Combustion Capture
Post-combustion Capture

By End-User Industry 4

Oil and Gas
Coal and Biomass Power Plant
Iron and Steel
Chemical

Competitive Coverage Aker Solutions · Air Liquide · Baker Hughes · Dakota Gasification Company · Exxon Mobil Corporation

Research Deliverables Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Customize This Report to Match Your Strategic Objectives

Frequently Asked Questions (FAQs)

The north america carbon capture and storage market is valued at USD 1.58 billion in 2026.

Stringent environmental regulations and carbon emission targets are the key drivers for the growth of the market.

Technological innovations and integration with renewable energy are the key opportunities in the market.

About the Author

Ismail Sutaria

Research Head

Ismail Sutaria is a market intelligence and strategy professional with over 12 years of experience advising organizations across the chemicals, packaging, industrial machinery, and energy & power sectors. He specializes in delivering data-driven market assessments, commercial due diligence, industry benchmarking, demand forecasting, competitive strategy, and growth advisory that enable businesses to make confident investment and expansion decisions in complex industrial markets.

His expertise spans specialty and commodity chemicals, advanced and sustainable packaging solutions, industrial automation, manufacturing equipment, process engineering, renewable energy, conventional power generation, electrical infrastructure, and industrial technologies. Ismail has developed deep domain knowledge in evaluating market ecosystems, technology evolution, regulatory frameworks, supply-demand dynamics, pricing trends, value chain structures, and competitive landscapes across global and regional markets.