India Carbon Capture and Storage Market Overview
Market Size in 2024: USD 97.08 Million
Market Forecast in 2033: USD 195.36 Million
Market Growth Rate: 8.08% (2025-2033)
According to the latest report by IMARC Group, the India carbon capture and storage market size was valued at USD 97.08 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 195.36 Million by 2033, exhibiting a CAGR of 8.08% from 2025-2033.
India Carbon Capture and Storage Industry Trends and Drivers:
India carbon capture and storage market is experiencing a race with considerable growth because of regulatory pressure and technology innovations. Stringent emission norms have compelled most industries in India to go for cleaner practices. The increase in net-zero initiatives from the government towards achieving these goals has been attributed to a surge in new initiatives directed recycling various industrial sectors. The highest emission industries-including electricity generation, steel production, and cement manufacture-are focusing their CCS technologies towards enabling their sustainability goals. Environmental sustainability tensions are indeed now putting businesses to find solutions compatible with regulatory impositions and also with long-tenor energy security objectives.
Apart from regulatory drivers, the use of advanced technologies in capturing and storing carbon dioxide would be the other reason for the flourishing market. The advances in technological methods of capture and storage are increasing the efficiency and reducing costs of CCS systems. These advances make it easier for industries to scale up the CCS applications and realize considerable carbon emission reductions. More sophisticated capture technologies will be developed further in combination with more innovations around advanced storage mechanisms for addressing some of the barriers that were previously cost- and operationally complex. Thus, CCS is turning into an increasingly attractive opportunity, not just for the public but also for the private sector, which is striving to achieve its environmental and energy security objectives.
Other positives contributing to the development of Indian CCS markets include foreign investment and carbon credits. Foreign investment has been vital in increasing carbon capture and storage technology uptake, through financial and technical support. Lowering a greenhouse gas by redeeming carbon credit reductions has also given an opening to businesses to offset emissions and encouraged greater adoption of CCS in high-carbon industries. This is how market factors consolidate towards speeding up CCS implementation in key sectors, hence positioning India in a sturdy role at resisting efforts worldwide against climate change. The ongoing spread of these efforts further promises to accelerate growth in the Indian carbon capture and storage market in the coming years.
Download sample copy of the Report: https://www.imarcgroup.com/India-Carbon-Capture-Storage-Market/requestsample
India Carbon Capture and Storage Industry Segmentation:
The report has segmented the market into the following categories:
Service Insights:
- Capture
- Transportation
- Storage
Technology Insights:
- Post-combustion Capture
- Pre-combustion Capture
- Oxy-fuel Combustion Capture
End Use Industry Insights:
- Oil and Gas
- Coal and Biomass Power Plant
- Iron and Steel
- Chemical
- Others
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Carbon Capture and Storage Market News:
- In February 2025, Honeywell and AM Green signed a memorandum of understanding (MoU) during India Energy Week 2025 to evaluate the techno-economic feasibility of manufacturing sustainable aviation fuel (SAF) from ethanol, green methanol from CO₂ emission sources, and green hydrogen. This partnership emphasizes Honeywell’s portfolio’s association with three compelling megatrends, one of which is the energy transition.
- In December 2024, Larsen & Toubro (L&T) partnered with climate tech firm n0c tech to deliver low-cost and compact carbon capture and storage (CCS) technology across multiple industries. The collaboration intends to deliver cost-effective decarbonization solutions for sectors like steel, cement, oil and gas, chemicals, marine, and energy-from-waste facilities, therefore expanding India’s carbon capture and storage industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=30327&flag=C
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 provide 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: +1-631-791-1145