조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년02월
Direct Air Capture Market – Global Forecast To 2030
직접공기포집 (DAC) 시장 : 기술 [고체 DAC (S-DAC), 액체 DAC (L-DAC), 전기 화학 DAC (E-DAC)], 소스, 용도 [탄소 포집 및 저장 (CCS), 탄소 포획, 활용 및 저장（CCUS）] 지역별 – 2030년까지의 세계 예측
Direct Air Capture Market by Technology (Solid-DAC (S-DAC), Liquid-DAC (L-DAC), Electrochemical-DAC (E-DAC)), Source, Application (Carbon Capture and Storage (CCS), Carbon Capture, Utilization, and Storage) Region – Global Forecast to 2030
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Report Overview
The global direct air capture market is estimated to grow from USD 62 Million in 2023 to USD 1,727 Million by 2030; it is expected to record a CAGR of 60.9% during the forecast period.
전 세계 직접공기포집 (DAC) 시장은 2023년 6,200만 달러에서 2030년 17억 2,700만 달러로 성장할 것으로 예상됩니다. 예측 기간 동안 60.9%의 CAGR을 기록할 것으로 예상됩니다.
The Growing global awareness of the urgent need to mitigate climate change, supportive government policies and incentives drives the direct air capture market.
주요 조사 대상 세그먼트
- 기술
- S-DAC
- L-DAC
- E-DAC
- 용도
- 이산화탄소 포집·저장（CCS）
- 이산화탄소 포집・활용・저장（CCUS）
- 공급원
- 전력
- 열
- 지역
- 북미
- 유럽
- 그외 지역（RoW）
“Liquid-DAC: The largest segment of the direct air capture market, by technology “
Based on technology, the direct air capture market has been segmented into Solid-DAC (S-DAC), Liquid-DAC(L-DAC), Electrochemical-DAC (E-DAC), and others. The Liquid-DAC segment is expected to be the largest segment during the forecast period. The liquid solvents utilized in liquid-DAC have a higher CO2 capture capacity per unit of volume. Liquid-DAC is also a less energy-intensive technology compared to other technologies like Solid-DAC (S-DAC).
“Carbon Capture, Utilization, and Storage (CCUS) is expected to be the largest segment during the forecast period based on application.”
By application, the direct air capture market has been split into two types: carbon capture, and storage (CCS) and carbon capture, utilization, and storage. The carbon capture, and storage (CCS) segment is expected to hold the largest market share during the forecast period. Carbon mineralization involves the enduring removal of carbon dioxide by converting it into a solid mineral form, typically a carbonate, through a chemical reaction with specific rocks. A notable advantage of carbon mineralization lies in its capacity to securely sequester carbon, effectively preventing its re-release into the atmosphere.
“By source , electricity segment is expected to be the fastest growing segment during the forecast period.”
Based on the Source, the direct air capture market is segmented into electricity, and heat. The electricity segment is expected to be the fastest growing segment of the direct air capture market during the forecast period. Wind and solar rank as the second and the third largest power technologies. In 2022, electricity generated from solar PV has witnessed a 21% increase compared to the year 2021. Likewise, power generation from wind is forecasted to double its capacity by 2030 as compared to the year 2022.
With the increase in wind and solar based power generation capacity, the electricity segment is expected to grow.
“North America is expected to be the largest region in the direct air capture market.”
North America is expected to be the largest region in the direct air capture market during the forecast period. Growth is attributed to the supportive policies energy in the region. For example, Department of Energy (DOE) has allocated USD 3.5 billion for the establishment of four large-scale Direct Air Capture (DAC) hubs. Furthermore, The United States leads the world in generation of geothermal electricity. As of 2022, geothermal power plants were operational in seven states across the country, contributing approximately 0.4% (17 billion kilowatthours) to the total electricity generated at the U.S. utility scale.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
By Designation: C-Level- 35%, Director Level- 20%, and Others- 45%
By Region: North America- 45%, Europe- 40%, and RoW – 15%,
Note: Others include sales managers, engineers, and regional managers.
The direct air capture market is dominated by a few major players that have a wide regional presence. The leading players in the direct air capture market are Climeworks (Switzerland), Carbon Engineering ULC. (Canada), Global Thermostat (US), Hierloom Carbon Technologies (US), and Skytree (Netherlands). The major strategy adopted by the players includes new product launches, partnerships, collaboration, merger, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global direct air capture market by technology, source, application and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in thedirect air capture market.
Key Benefits of Buying the Report
• Increasing emphasis on net zero emission and supportive government policies are few of the key factors driving the direct air capture market. Factors such as energy intensity of direct air capture systems restrain the growth of the market. The growing energy transition towards reducing carbon emission is expected to present lucrative opportunities for the players operating in the direct air capture market. The limited infrastructure poses a major challenge for the players, especially for emerging players operating in the direct air capture market.
• Product Development/ Innovation: The direct air capture market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced direct air capture technologies such as membrane-based technology.
• Market Development: Carbon Engineering and Air Canada, airline of Canada signed Memorandum of Understanding (MOU) to investigate commercial prospects related to sustainable aviation fuel, carbon removal, and decarbonization technology.
• Market Diversification: Skytree launched the Skytree Cumulus, the company’s inaugural Direct Air Capture (DAC) modular unit. Skytree Cumulus collects CO2 from the surrounding atmosphere, providing indoor farmers and greenhouse cultivators access to it for food, algae, vaccine, and flower production.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Climeworks (Switzerland), Carbon Engineering ULC. (Canada), Global Thermostat (US), Hierloom Carbon Technologies (US), and Skytree (Netherlands), among others in the direct air capture market.
Table of Contents
1 INTRODUCTION 24
1.1 MARKET DEFINITION 25
1.1.1 INCLUSIONS AND EXCLUSIONS 25
1.2 STUDY SCOPE 26
1.2.1 MARKETS COVERED 26
FIGURE 1 DIRECT AIR CAPTURE MARKET SEGMENTATION 26
1.2.2 REGIONAL SCOPE 26
1.2.3 YEARS CONSIDERED 27
1.2.4 CURRENCY CONSIDERED 27
1.2.5 UNITS CONSIDERED 27
1.3 LIMITATIONS 27
1.4 STAKEHOLDERS 28
1.5 RECESSION IMPACT 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 DIRECT AIR CAPTURE MARKET: RESEARCH DESIGN 29
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 30
FIGURE 3 DATA TRIANGULATION 30
2.2.1 SECONDARY DATA 31
2.2.1.1 List of major secondary sources 31
2.2.1.2 Key data from secondary sources 31
2.2.2 PRIMARY DATA 32
2.2.2.1 List of primary interview participants 32
2.2.2.2 Insights from primary sources 32
2.2.2.3 Breakdown of primaries 33
2.3 MARKET SIZE ESTIMATION 33
2.3.1 BOTTOM-UP APPROACH 33
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
2.3.2 TOP-DOWN APPROACH 34
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 34
2.4 DEMAND-SIDE ANALYSIS 34
FIGURE 6 MAIN METRICS CONSIDERED TO ANALYZE DEMAND FOR DIRECT AIR CAPTURE SYSTEMS 34
2.4.1 REGIONAL ANALYSIS 35
2.4.2 ASSUMPTIONS OR DEMAND-SIDE ANALYSIS 35
2.4.3 CALCULATIONS FOR DEMAND-SIDE ANALYSIS 36
2.5 SUPPLY-SIDE ANALYSIS 36
2.5.1 ASSUMPTIONS FOR SUPPLY-SIDE ANALYSIS 36
2.5.2 CALCULATIONS FOR SUPPLY-SIDE ANALYSIS 36
FIGURE 7 INDUSTRY CONCENTRATION, 2022 37
2.6 FORECAST 37
2.7 RESEARCH LIMITATIONS 38
2.8 RISK ASSESSMENT 38
2.9 IMPACT OF RECESSION 38
3 EXECUTIVE SUMMARY 39
TABLE 1 DIRECT AIR CAPTURE MARKET SNAPSHOT 39
FIGURE 8 NORTH AMERICA HELD LARGEST SHARE OF DIRECT AIR CAPTURE MARKET IN 2022 40
FIGURE 9 LIQUID DAC SEGMENT TO LEAD DIRECT AIR CAPTURE MARKET IN 2030 40
FIGURE 10 ELECTRICITY SEGMENT TO HOLD LARGER SHARE OF DIRECT AIR CAPTURE MARKET IN 2030 41
FIGURE 11 CARBON CAPTURE AND STORAGE SEGMENT TO DOMINATE DIRECT AIR CAPTURE MARKET IN 2030 41
4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DIRECT AIR CAPTURE MARKET 42
FIGURE 12 GROWING NEED FOR CO2 IN ENHANCED OIL RECOVERY PROCESS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 42
4.2 DIRECT AIR CAPTURE MARKET, BY REGION 43
FIGURE 13 EUROPEAN DIRECT AIR CAPTURE MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 43
4.3 DIRECT AIR CAPTURE MARKET, BY TECHNOLOGY 43
FIGURE 14 LIQUID DAC SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 43
4.4 DIRECT AIR CAPTURE MARKET, BY ENERGY SOURCE 44
FIGURE 15 ELECTRICITY SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2030 44
4.5 DIRECT AIR CAPTURE MARKET, BY APPLICATION 44
FIGURE 16 CARBON CAPTURE AND STORAGE SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 44
5 MARKET OVERVIEW 45
5.1 INTRODUCTION 45
5.2 MARKET DYNAMICS 45
FIGURE 17 DIRECT AIR CAPTURE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 45
5.2.1 DRIVERS 46
5.2.1.1 Rising emphasis on achieving net-zero emission targets 46
FIGURE 18 GLOBAL CO2 EMISSION FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, 2012–2022 46
5.2.1.2 Escalating adoption of CO2 in enhanced oil recovery process 46
5.2.1.3 Increasing investment in carbon capture and sequestration technologies 47
5.2.2 RESTRAINTS 47
5.2.2.1 Limited network of carbon capture pipelines and storage capacity 47
5.2.2.2 High cost of carbon separation process 47
5.2.3 OPPORTUNITIES 48
5.2.3.1 Increasing research on different DAC techniques 48
5.2.3.2 Rising focus on establishing large-scale DAC facilities 48
5.2.4 CHALLENGES 48
5.2.4.1 High energy consumption by DAC facilities 48
FIGURE 19 ENERGY REQUIREMENTS FOR SOLID DAC AND LIQUID DAC TECHNOLOGIES, 2023 49
5.2.4.2 Availability of alternate carbon capture technologies 49
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 50
FIGURE 20 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 50
5.4 PRICING ANALYSIS 50
5.4.1 INDICATIVE PRICING ANALYSIS OF DIRECT AIR CAPTURE TECHNOLOGY 50
TABLE 2 INDICATIVE PRICING ANALYSIS OF DIRECT AIR CAPTURE TECHNOLOGY, 2021–2030 (USD/TON) 50
5.5 SUPPLY CHAIN ANALYSIS 50
FIGURE 21 DIRECT AIR CAPTURE MARKET: SUPPLY CHAIN ANALYSIS 51
5.5.1 RAW MATERIAL SUPPLIERS 51
5.5.2 COMPONENT MANUFACTURERS/ASSEMBLERS 51
5.5.3 DISTRIBUTORS/END USERS 51
5.6 ECOSYSTEM/MARKET MAP 52
FIGURE 22 DIRECT AIR CAPTURE MARKET MAPPING 52
TABLE 3 ROLE OF COMPANIES IN DIRECT AIR CAPTURE ECOSYSTEM 52
FIGURE 23 COMPANIES IN DIRECT AIR CAPTURE ECOSYSTEM 53
5.7 REGULATORY LANDSCAPE 53
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 53
TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 53
TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 54
TABLE 6 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 54
5.7.2 REGULATIONS 54
5.7.2.1 North America 54
5.7.2.2 Europe 55
5.7.2.3 RoW 55
5.8 PATENT ANALYSIS 56
FIGURE 24 DIRECT AIR CAPTURE MARKET: PATENTS APPLIED AND GRANTED, 2012–2022 56
TABLE 7 DIRECT AIR CAPTURE MARKET: LIST OF MAJOR PATENTS, 2018–2022 57
5.9 CASE STUDY ANALYSIS 58
5.9.1 GROWY ADOPTED SKYTREE’S COMPACT DAC TECHNOLOGY TO INCREASE SUSTAINABILITY OF VERTICAL FARMING OPERATIONS 58
5.9.2 ZBT INSTALLED SOLETAIR POWER’S OUTDOOR DAC SYSTEM TO ENABLE EFFICIENT CARBON CAPTURE AND UTILIZATION 59
5.10 TECHNOLOGY ANALYSIS 59
5.10.1 SOLID DAC 59
5.10.2 LIQUID DAC 59
5.10.3 MEMBRANE-BASED DAC 59
5.10.4 ELECTROCHEMICAL DAC 60
5.10.5 OPERATING TEMPERATURE OF DAC 60
5.11 KEY CONFERENCES AND EVENTS, 2023–2024 60
TABLE 8 DIRECT AIR CAPTURE MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024 60
5.12 TRADE ANALYSIS 62
5.12.1 EXPORT SCENARIO 62
TABLE 9 EXPORT DATA FOR HS CODE 281121-COMPLIANT CARBON DIOXIDE, BY COUNTRY, 2020–2022 (USD THOUSAND) 62
FIGURE 25 EXPORT DATA FOR HS CODE 2881121-COMPLIANT CARBON DIOXIDE, BY COUNTRY, 2020–2022 (USD THOUSAND) 62
5.12.2 IMPORT SCENARIO 63
TABLE 10 IMPORT DATA FOR HS CODE 281121-COMPLIANT CARBON DIOXIDE, BY COUNTRY, 2020–2022 (USD THOUSAND) 63
FIGURE 26 IMPORT DATA FOR HS CODE 281121-COMPLIANT CARBON DIOXIDE, BY COUNTRY, 2020–2022 (USD THOUSAND) 63
5.13 PORTER’S FIVE FORCES ANALYSIS 64
FIGURE 27 DIRECT AIR CAPTURE MARKET: PORTER’S FIVE FORCES ANALYSIS 64
TABLE 11 DIRECT AIR CAPTURE MARKET: PORTER’S FIVE FORCES ANALYSIS 64
5.13.1 THREAT OF SUBSTITUTES 65
5.13.2 BARGAINING POWER OF SUPPLIERS 65
5.13.3 BARGAINING POWER OF BUYERS 65
5.13.4 THREAT OF NEW ENTRANTS 65
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 65
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 66
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 66
FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 66
TABLE 12 DIRECT AIR CAPTURE MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 66
5.14.2 BUYING CRITERIA 66
FIGURE 29 KEY BUYING CRITERIA, BY APPLICATION 66
TABLE 13 DIRECT AIR CAPTURE MARKET: KEY BUYING CRITERIA, BY APPLICATION 67
6 DIRECT AIR CAPTURE MARKET, BY TECHNOLOGY 68
6.1 INTRODUCTION 69
FIGURE 30 DIRECT AIR CAPTURE MARKET, BY TECHNOLOGY, 2022 69
TABLE 14 DIRECT AIR CAPTURE MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 69
6.2 SOLID DAC 69
6.2.1 HIGH SUSTAINABILITY OF SOLID DAC TECHNOLOGY TO DRIVE DEMAND 69
6.3 LIQUID DAC 70
6.3.1 EXTENDED CAPTURE CAPACITY OF LIQUID DAC TO FUEL DEMAND 70
6.4 ELECTROCHEMICAL DAC 70
6.4.1 HIGH ENERGY EFFICIENCY ASSOCIATED WITH ELECTROCHEMICAL DAC IN CAPTURING CO2 TO DRIVE DEMAND 70
6.5 OTHERS 70
7 DIRECT AIR CAPTURE MARKET, BY ENERGY SOURCE 71
7.1 INTRODUCTION 72
FIGURE 31 DIRECT AIR CAPTURE MARKET, BY ENERGY SOURCE, 2022 72
TABLE 15 DIRECT AIR CAPTURE MARKET, BY ENERGY SOURCE, 2021–2030 (USD MILLION) 72
7.2 ELECTRICITY 72
7.2.1 RISING DEMAND FOR ELECTROCHEMICAL DAC TECHNOLOGY TO DRIVE MARKET 72
7.2.2 GEOTHERMAL 73
7.2.3 SOLAR PV 73
7.2.4 WIND 73
7.3 HEAT 73
7.3.1 INCREASING REQUIREMENT FOR HEAT IN REGENERATION OF SORBENTS TO DRIVE MARKET 73
7.3.2 HEAT PUMP 73
7.3.3 DIRECT HEAT 74
7.3.4 WASTE HEAT 74
8 DIRECT AIR CAPTURE MARKET, BY APPLICATION 75
8.1 INTRODUCTION 76
FIGURE 32 DIRECT AIR CAPTURE MARKET, BY APPLICATION, 2022 76
TABLE 16 DIRECT AIR CAPTURE MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 76
8.2 CARBON CAPTURE AND STORAGE 76
8.2.1 IMPLEMENTATION OF SUPPORTIVE GREENHOUSE EMISSION REDUCTION ACTS AND SUBSIDIES TO STORE CO2 TO DRIVE MARKET 76
8.3 CARBON CAPTURE, UTILIZATION, AND STORAGE 77
8.3.1 GROWING DEMAND FOR SYNTHETIC FUELS AND GREEN FERTILIZERS TO DRIVE MARKET 77
FIGURE 33 GLOBAL CO2 EMISSIONS FROM TRANSPORTATION SECTOR, BY APPLICATION, 2012–2022 77
9 END-USER INDUSTRIES OF CO2 CAPTURED BY DIRECT AIR CAPTURE (DAC) TECHNOLOGY 78
9.1 INTRODUCTION 78
9.2 AGRICULTURE 78
9.2.1 GROWING POPULATION TO DRIVE DEMAND 78
9.3 CHEMICALS & FUELS 78
9.3.1 INCREASING DEMAND FOR SYNTHETIC FUELS TO DRIVE MARKET 78
9.4 CARBON MINERALIZATION 79
9.4.1 GROWING FOCUS ON INSTALLING LARGE-SCALE DAC PLANTS TO DRIVE MARKET 79
9.5 FOOD & BEVERAGES 79
9.5.1 INCREASING DEMAND FOR BEVERAGES AND FROZEN FOOD PRODUCTS TO FUEL MARKET GROWTH 79
9.6 OIL & GAS 79
9.6.1 GROWING NEED FOR ENHANCED OIL RECOVERY (EOR) TO DRIVE MARKET 79
9.7 OTHER END-USER INDUSTRIES 80
10 DIRECT AIR CAPTURE MARKET, BY REGION 81
10.1 INTRODUCTION 82
FIGURE 34 EUROPE TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 82
FIGURE 35 DIRECT AIR CAPTURE MARKET, BY REGION, 2022 82
TABLE 17 DIRECT AIR CAPTURE MARKET, BY REGION, 2021–2030 (KILO TONS) 83
TABLE 18 DIRECT AIR CAPTURE MARKET, BY REGION, 2021–2030 (USD MILLION) 83
10.2 NORTH AMERICA 83
10.2.1 NORTH AMERICAN DIRECT AIR CAPTURE MARKET: RECESSION IMPACT 83
FIGURE 36 NORTH AMERICA: DIRECT AIR CAPTURE MARKET SNAPSHOT 84
10.2.2 NORTH AMERICA: KEY DAC PROJECTS 84
TABLE 19 KEY DAC PROJECTS IN NORTH AMERICA 84
10.2.3 BY COUNTRY 84
10.2.3.1 US 84
10.2.3.1.1 Supportive government policies and incentive schemes to drive market 84
10.2.3.1.2 US: Macro factors 85
TABLE 20 US: CO2 EMISSION, 2015–2022 (MILLION TONS) 85
TABLE 21 US: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 85
10.2.3.2 Canada 85
10.2.3.2.1 Increasing requirement for E-fuels to boost demand 85
10.2.3.2.2 Canada: Macro factors 85
TABLE 22 CANADA: CO2 EMISSION, 2015–2022 (MILLION TONS) 85
TABLE 23 CANADA: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 86
10.3 EUROPE 86
10.3.1 EUROPEAN DIRECT AIR CAPTURE MARKET: RECESSION IMPACT 86
FIGURE 37 EUROPE: DIRECT AIR CAPTURE MARKET SNAPSHOT 86
10.3.2 EUROPE: KEY DAC PROJECTS 87
TABLE 24 KEY DAC PROJECTS IN EUROPE 87
10.3.3 BY COUNTRY 87
10.3.3.1 UK 87
10.3.3.1.1 Increasing emphasis on achieving net zero emission target to drive market 87
10.3.3.1.2 UK: Macro factors 87
TABLE 25 UK: CO2 EMISSION, 2015–2022 (MILLION TONS) 87
TABLE 26 UK: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 87
10.3.3.2 Switzerland 88
10.3.3.2.1 Presence of leading DAC technology providers to boost market growth 88
10.3.3.2.2 Switzerland: Macro factors 88
TABLE 27 SWITZERLAND: CO2 EMISSION, 2015–2022 (MILLION TONS) 88
TABLE 28 SWITZERLAND: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 88
10.3.3.3 Iceland 88
10.3.3.3.1 Abundant availability of renewable energy sources to drive market 88
10.3.3.3.2 Iceland: Macro factors 89
TABLE 29 ICELAND: CO2 EMISSION, 2015–2022 (MILLION TONS) 89
TABLE 30 ICELAND: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 89
10.3.3.4 Netherlands 89
10.3.3.4.1 Presence of large number of vertical farming facilities to drive market 89
10.3.3.4.2 Netherlands: Macro factors 89
TABLE 31 NETHERLANDS: CO2 EMISSION, 2015–2022 (MILLION TONS) 89
TABLE 32 NETHERLANDS: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 89
10.3.3.5 Rest of Europe 90
10.4 ROW 90
10.4.1 ROW DIRECT AIR CAPTURE MARKET: RECESSION IMPACT 90
TABLE 33 ROW: DIRECT AIR CAPTURE MARKET, BY REGION, 2021–2030 (USD MILLION) 90
10.4.2 ROW: KEY DAC PROJECTS 91
TABLE 34 KEY DAC PROJECTS IN ROW 91
10.4.3 MIDDLE EAST & AFRICA 91
10.4.3.1 By country 91
10.4.3.1.1 Saudi Arabia 91
10.4.3.1.1.1 Growing use of CO2 for enhanced oil recovery (EOR) to fuel demand 91
10.4.3.1.1.2 Saudi Arabia: Macro factors 91
TABLE 35 SAUDI ARABIA: CO2 EMISSION, 2015–2022 (MILLION TONS) 91
TABLE 36 SAUDI ARABIA: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 92
10.4.3.1.2 UAE 92
10.4.3.1.2.1 Rising use of CO2 in oil production to drive demand 92
10.4.3.1.2.2 UAE: Macro factors 92
TABLE 37 UAE: CO2 EMISSION, 2015–2022 (MILLION TONS) 92
TABLE 38 UAE: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 92
10.4.3.1.3 Israel 93
10.4.3.1.3.1 Increased R&D for carbon capture technology to drive market 93
10.4.3.1.3.2 Israel: Macro factors 93
TABLE 39 ISRAEL: CO2 EMISSION, 2015–2022 (MILLION TONS) 93
TABLE 40 ISRAEL: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 93
10.4.3.1.4 Kenya 93
10.4.3.1.4.1 Large presence of renewable energy resources to boost market growth 93
10.4.3.1.4.2 Kenya: Macro factors 94
TABLE 41 KENYA: CO2 EMISSION, 2015–2022 (MILLION TONS) 94
TABLE 42 KENYA: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 94
10.4.3.1.5 South Africa 94
10.4.3.1.5.1 Rising deployment of DAC technology in coal-fired power plants to drive market 94
10.4.3.1.5.2 South Africa: Macro factors 94
TABLE 43 SOUTH AFRICA: CO2 EMISSION, 2015–2022 (MILLION TONS) 94
TABLE 44 SOUTH AFRICA: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 94
10.4.4 ASIA PACIFIC 95
10.4.4.1 By country 95
10.4.4.1.1 Australia 95
10.4.4.1.1.1 Rising need for new technologies to reduce CO2 emissions to drive market 95
10.4.4.1.1.2 Australia: Macro factors 95
TABLE 45 AUSTRALIA: CO2 EMISSION, 2015–2022 (MILLION TONS) 95
TABLE 46 AUSTRALIA: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 95
10.4.4.1.2 China 95
10.4.4.1.2.1 Collaboration of government with several companies and organizations to drive market growth 95
10.4.4.1.2.2 China: Macro factors 96
TABLE 47 CHINA: CO2 EMISSION, 2015–2022 (MILLION TONS) 96
TABLE 48 CHINA: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 96
10.4.4.1.3 Japan 96
10.4.4.1.3.1 Collaborations with other Southeast Asian Countries for increasing CO2 storage to boost market growth 96
10.4.4.1.4 Japan: Macro factors 96
TABLE 49 JAPAN: CO2 EMISSION, 2015–2022 (MILLION TONS) 96
TABLE 50 JAPAN: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 97
10.4.5 SOUTH AMERICA 97
10.4.5.1 By country 97
10.4.5.1.1 Brazil 97
10.4.5.1.1.1 Government-led initiatives for development of carbon capture, utilization, and storage technology to boost market growth 97
10.4.5.1.1.2 Brazil: Macro factors 97
TABLE 51 BRAZIL: CO2 EMISSION, 2015–2022 (MILLION TONS) 97
TABLE 52 BRAZIL: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE, 2018–2022 (MW) 98
10.4.5.1.2 Chile 98
10.4.5.1.2.1 Government-led measures to reduce carbon emissions from chemicals industry to drive market 98
10.4.5.1.2.2 Chile: Macro factors 98
TABLE 53 CHILE: CO2 EMISSION, 2015–2022 (MILLION TONS) 98
TABLE 54 CHILE: INSTALLED RENEWABLE ENERGY CAPACITY, BY SOURCE 2018–2022 (MW) 98
11 COMPETITIVE LANDSCAPE 99
11.1 OVERVIEW 99
11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 99
TABLE 55 DIRECT AIR CAPTURE MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 99
11.3 MARKET SHARE ANALYSIS, 2022 100
FIGURE 38 DIRECT AIR CAPTURE MARKET SHARE ANALYSIS, 2022 100
11.4 MARKET EVALUATION FRAMEWORK, 2019–2023 101
TABLE 56 DIRECT AIR CAPTURE MARKET EVALUATION FRAMEWORK, 2019–2023 101
11.5 COMPANY EVALUATION MATRIX, 2022 102
11.5.1 STARS 102
11.5.2 EMERGING LEADERS 102
11.5.3 PERVASIVE PLAYERS 102
11.5.4 PARTICIPANTS 102
FIGURE 39 DIRECT AIR CAPTURE MARKET: COMPANY EVALUATION MATRIX, 2022 103
11.5.5 COMPANY FOOTPRINT 103
11.5.5.1 Technology footprint 103
TABLE 57 COMPANY TECHNOLOGY FOOTPRINT (4 KEY PLAYERS) 103
11.5.5.2 Energy source footprint 104
TABLE 58 COMPANY ENERGY SOURCE FOOTPRINT (4 KEY PLAYERS) 104
TABLE 59 COMPANY ENERGY SOURCE FOOTPRINT 104
11.5.5.3 Regional footprint 104
TABLE 60 COMPANY REGION FOOTPRINT (4 KEY PLAYERS) 104
11.5.5.4 Overall footprint 105
FIGURE 40 OVERALL COMPANY FOOTPRINT (4 KEY PLAYERS) 105
11.6 START-UP/SME EVALUATION MATRIX, 2022 105
11.6.1 PROGRESSIVE COMPANIES 105
11.6.2 RESPONSIVE COMPANIES 105
11.6.3 DYNAMIC COMPANIES 105
11.6.4 STARTING BLOCKS 106
FIGURE 41 DIRECT AIR CAPTURE MARKET: START-UP/SME EVALUATION MATRIX, 2022 106
11.6.5 COMPETITIVE BENCHMARKING 107
11.6.5.1 List of key start-ups/SMEs 107
TABLE 61 DIRECT AIR CAPTURE MARKET: LIST OF KEY START-UPS/SMES 107
11.6.5.2 Competitive benchmarking of start-ups/SMEs 108
TABLE 62 DIRECT AIR CAPTURE MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES 108
11.7 COMPETITIVE SCENARIOS AND TRENDS 109
11.7.1 PRODUCT LAUNCHES 109
TABLE 63 DIRECT AIR CAPTURE MARKET: PRODUCT LAUNCHES, SEPTEMBER 2023 109
11.7.2 DEALS 109
TABLE 64 DIRECT AIR CAPTURE MARKET: DEALS, MAY 2019–OCTOBER 2023 109
11.7.3 EXPANSIONS 111
TABLE 65 DIRECT AIR CAPTURE MARKET: EXPANSIONS, OCTOBER 2019–JUNE 2023 111
11.7.4 OTHERS 113
TABLE 66 DIRECT AIR CAPTURE MARKET: OTHERS, JANUARY 2019–NOVEMBER 2022 113
12 COMPANY PROFILES 114
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS 114
12.1.1 CLIMEWORKS 114
TABLE 67 CLIMEWORKS: COMPANY OVERVIEW 114
TABLE 68 CLIMEWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 114
TABLE 69 CLIMEWORKS: DEALS 115
TABLE 70 CLIMEWORKS: OTHERS 119
12.1.2 CARBON ENGINEERING ULC. 120
TABLE 71 CARBON ENGINEERING ULC.: COMPANY OVERVIEW 120
TABLE 72 CARBON ENGINEERING ULC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 120
TABLE 73 CARBON ENGINEERING ULC.: DEALS 121
TABLE 74 CARBON ENGINEERING ULC.: OTHERS 123
12.1.3 GLOBAL THERMOSTAT 126
TABLE 75 GLOBAL THERMOSTAT: COMPANY OVERVIEW 126
TABLE 76 GLOBAL THERMOSTAT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 126
TABLE 77 GLOBAL THERMOSTAT: DEALS 127
TABLE 78 GLOBAL THERMOSTAT: OTHERS 127
12.1.4 HEIRLOOM CARBON TECHNOLOGIES 129
TABLE 79 HEIRLOOM CARBON TECHNOLOGIES: COMPANY OVERVIEW 129
TABLE 80 HEIRLOOM CARBON TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 129
TABLE 81 HEIRLOOM CARBON TECHNOLOGIES: DEALS 130
TABLE 82 HEIRLOOM CARBON TECHNOLOGIES: OTHERS 130
12.1.5 SOLETAIR POWER 132
TABLE 83 SOLETAIR POWER: COMPANY OVERVIEW 132
TABLE 84 SOLETAIR POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 132
TABLE 85 SOLETAIR POWER: DEALS 133
TABLE 86 SOLETAIR POWER: OTHERS 133
12.1.6 CARBONCAPTURE INC. 135
TABLE 87 CARBONCAPTURE INC.: COMPANY OVERVIEW 135
TABLE 88 CARBONCAPTURE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 135
TABLE 89 CARBONCAPTURE INC.: DEALS 135
TABLE 90 CARBONCAPTURE INC.: OTHERS 136
12.1.7 AVNOS, INC. 137
TABLE 91 AVNOS, INC.: COMPANY OVERVIEW 137
TABLE 92 AVNOS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 137
TABLE 93 AVNOS, INC.: OTHERS 137
12.1.8 NOYA PBC 138
TABLE 94 NOYA PBC: COMPANY OVERVIEW 138
TABLE 95 NOYA PBC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 138
TABLE 96 NOYA PBC: DEALS 138
12.1.9 SKYTREE 139
TABLE 97 SKYTREE: COMPANY OVERVIEW 139
TABLE 98 SKYTREE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 139
TABLE 99 SKYTREE: PRODUCT LAUNCHES 140
TABLE 100 SKYTREE: DEALS 140
12.1.10 REPAIR CARBON 141
TABLE 101 REPAIR: COMPANY OVERVIEW 141
TABLE 102 REPAIR CARBON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 141
12.1.11 MISSION ZERO TECHNOLOGIES 142
TABLE 103 MISSION ZERO TECHNOLOGIES: COMPANY OVERVIEW 142
TABLE 104 MISSION ZERO TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 142
TABLE 105 MISSION ZERO TECHNOLOGIES: DEALS 142
12.1.12 CARBYON 143
TABLE 106 CARBYON: COMPANY OVERVIEW 143
TABLE 107 CARBYON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 143
TABLE 108 CARBYON: DEALS 143
12.1.13 OCTAVIA CARBON 144
TABLE 109 OCTAVIA CARBON: COMPANY OVERVIEW 144
TABLE 110 OCTAVIA CARBON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 144
TABLE 111 OCTAVIA CARBON: DEALS 144
12.1.14 CAPTURE6 145
TABLE 112 CAPTURE6: COMPANY OVERVIEW 145
TABLE 113 CAPTURE6: PRODUCTS/SOLUTIONS/SERVICES OFFERED 145
TABLE 114 CAPTURE6: DEALS 145
12.1.15 SUSTAERA INC. 147
TABLE 115 SUSTAERA INC.: COMPANY OVERVIEW 147
TABLE 116 SUSTAERA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 147
TABLE 117 SUSTAERA INC.: DEALS 147
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 148
12.2.1 SPIRITUS 148
12.2.2 INFINITREE LLC 148
12.2.3 MOSAIC MATERIALS INC. 149
12.2.4 CARBON COLLECT LIMITED 149
12.2.5 IMMATERIAL 150
12.2.6 SOUTHERN GREEN GAS LIMITED 150
13 APPENDIX 151
13.1 INSIGHTS FROM INDUSTRY EXPERTS 151
13.2 DISCUSSION GUIDE 152
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 157
13.4 CUSTOMIZATION OPTIONS 159
13.5 RELATED REPORTS 159
13.6 AUTHOR DETAILS 160
