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Carbon Capture and Storage (CCS) Market to Grow by USD 15.83 Billion from 2025-2029, Driven by Fossil Fuel Dependence for Electricity Generation, AI Transforming Market – Technavio

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NEW YORK, Feb. 12, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global carbon capture and storage (CCS) market  size is estimated to grow by USD 15.83 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 26.6%  during the forecast period. Dependence on fossil fuels for generation of electricity is driving market growth, with a trend towards growing popularity of carbon capture and storage projects in developing nations. However, risks associated with carbon capture and storage poses a challenge. Key market players include Air Products and Chemicals Inc., Aker Solutions ASA, Babcock and Wilcox Enterprises Inc., Chevron Corp., ENGIE SA, Enhance Energy Inc., Eni SpA, Equinor ASA, Exxon Mobil Corp., Fluor Corp., General Electric Co., Hitachi Ltd., Linde Plc, Mitsubishi Heavy Industries Ltd., Occidental Petroleum Corp., Schlumberger Ltd., Shell plc, Siemens AG, and Sulzer Ltd..

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Technology (Pre-combustion, Post-combustion, and Oxy-fuel combustion), Application (Enhanced oil recovery and Geological storage), Distribution Channel (Pipeline and Ships), End-user (Power and oil and gas and Manufacturing), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Air Products and Chemicals Inc., Aker Solutions ASA, Babcock and Wilcox Enterprises Inc., Chevron Corp., ENGIE SA, Enhance Energy Inc., Eni SpA, Equinor ASA, Exxon Mobil Corp., Fluor Corp., General Electric Co., Hitachi Ltd., Linde Plc, Mitsubishi Heavy Industries Ltd., Occidental Petroleum Corp., Schlumberger Ltd., Shell plc, Siemens AG, and Sulzer Ltd.

Key Market Trends Fueling Growth

The Carbon Capture and Storage (CCS) market is gaining momentum as businesses and governments seek to reduce greenhouse gas emissions, particularly from fossil fuels used in electricity generation and industrial processes. The focus is on capturing CO2 from sources like flue gas, pre-combustion, and oxy fuel combustion. CCUS technology plays a crucial role in mitigating greenhouse gas emissions, helping to combat climate change and ozone depletion. Regulations and policies are driving the adoption of CCS, with tax benefits and carbon footprint reduction incentives. Technology providers are investing in CCUS, implementing it in power generation and industrial plants. Syngas, fuel gas, hydrogen, and CO2 are key components in the process. Storage technologies like geological and deep ocean storage are essential for long-term CO2 management. Industries like oil and gas, chemicals, cement and concrete, biofuels, fertilizers, textiles, food and beverages, paper and pulp, and renewable energy sources are exploring CCS to meet energy needs while minimizing environmental impact. Companies like Equinor are leading the way in CCS implementation, demonstrating commitment to a sustainable environment. 

The carbon capture and storage (CCS) market is gaining traction in developed economies, where there’s a growing focus on reducing carbon emissions from the power generation sector. Mature technologies and energy demands from the industry have facilitated substantial investments, enabling these countries to transition towards low-carbon technologies. However, developing nations, such as China, India, and Brazil, are still in their early stages of economic development, prioritizing energy security over carbon reduction. These nations heavily rely on coal for their energy needs, supplying billions of people and industries. CCS technology could play a crucial role in their energy mix, allowing them to meet their energy demands while reducing their carbon footprint. 

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Market Challenges

Businesses in electricity generation and industrial processes face increasing pressure to reduce their carbon footprints and minimize greenhouse gas emissions, particularly CO2, which contributes to ozone depletion and climate change. Fossil fuels remain a significant source of these emissions, making Carbon Capture and Storage (CCS) technology a crucial solution. CCUS technology captures CO2 from pre-combustion, oxy-fuel combustion, or post-combustion processes. The captured CO2 can be utilized in various applications, such as enhanced oil recovery, or stored in depleted hydrocarbon fields, deep ocean storage, or geological formations. Regulations and policies drive the adoption of CCS, with tax benefits and environmental impact considerations influencing decision-making. Technology providers like Equinor offer solutions for power generation, industrial plants, natural gas plants, and various industries, including chemicals, cement and concrete, iron and steel, fertilizer, biofuels, textiles, food and beverages, paper and pulp, and renewable energy sources. CCS implementation addresses energy costs, power consumption, and the environmental impact of industrial sources while reducing greenhouse gas emissions. Syngas, fuel gas, hydrogen, flue gas, and H2O are integral components of CCS processes. The technology supports a sustainable environment and climate change awareness, with the potential to transform industries and power generation towards cleaner, more efficient, and eco-friendly operations.Carbon capture and storage (CCS) is a technology aimed at mitigating climate change by capturing carbon dioxide (CO2) emissions from power plants and industrial processes, and storing it underground. However, concerns surrounding CCS include potential leakage hazards from dedicated storage facilities. The implications of CO2 leaks are a topic of ongoing debate. Studies examine the potential consequences, as a leak could diminish the effectiveness of CCS as a climate change solution. This concern could hinder the widespread adoption of CCS technology. It is crucial to address these apprehensions through rigorous research and safety measures to ensure the long-term viability of CCS as a key component in the global effort to combat climate change.

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Segment Overview 

This carbon capture and storage (ccs) market report extensively covers market segmentation by

TechnologyPre-combustionPost-combustionOxy-fuel CombustionApplicationEnhanced Oil RecoveryGeological StorageDistribution ChannelPipelineShipsEnd-userPower And Oil And GasManufacturingGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

1.1 Pre-combustion-  The post-combustion Carbon Capture and Storage (CCS) market is expected to expand significantly during 2024 and 2025. This growth can be attributed to the affordability of post-combustion CO2 capture technology, which can be integrated into existing power plants. In this process, flue gas from an industrial or power plant passes through a scrubbing tank, where a liquid solvent reacts with CO2 but not with other gas components, such as nitrogen. The solvent, now laden with CO2, is then separated and transported for storage. Advancements in technology have led to a decline in the cost of materials, equipment, and processes, making post-combustion capture technology increasingly cost-effective. Furthermore, the development of new solvents, membrane, and sorbent platforms will continue to reduce costs. The rising number of pilot-scale test projects will also contribute to the growth of this segment. Optimization of the post-combustion process, including component reconfiguration and waste heat integration, will increase overall process efficiency. Additionally, reduced energy penalties due to advances in post-combustion technologies will further support market expansion. This segment’s growth is crucial in mitigating carbon emissions from power generation and industrial processes.

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Research Analysis

Carbon Capture and Storage (CCS), also known as Carbon Capture, Utilization, and Storage (CCUS), is a critical technology for reducing greenhouse gas emissions, particularly from fossil fuel-based electricity generation and industrial processes. The primary objective of CCS is to capture and store CO2 before it is released into the atmosphere, helping mitigate the negative impacts of greenhouse gases on the environment. CO2, a major greenhouse gas, is produced in large quantities during the combustion of fossil fuels for electricity generation and industrial processes. The release of CO2 contributes to climate change, ozone depletion, and increased carbon footprints. CCS technology includes pre-combustion capture, which separates CO2 from the fuel before combustion, and oxy-fuel combustion, which separates CO2 from the flue gases produced during combustion. Regulations and policies are driving the adoption of CCS, with tax benefits and incentives encouraging the implementation of this technology. CCS is essential for industries with high energy needs, such as cement, steel, and chemical production, to reduce their carbon footprints. CCS is also being explored for use in power generation and industrial plants, providing a bridge to a low-carbon future while meeting energy demands. Technology providers are investing in research and development to improve the efficiency and cost-effectiveness of CCS. Green energy sources, such as wind and solar, are becoming increasingly competitive with fossil fuels, but they cannot yet meet the world’s energy demands alone. CCS offers a solution for reducing the carbon intensity of these energy sources by capturing and storing the CO2 produced during their production. In summary, CCS is a vital technology for reducing greenhouse gas emissions from fossil fuels and industrial processes, addressing the challenges of climate change, and enabling the transition to a low-carbon economy.

Market Research Overview

Carbon Capture and Storage (CCS), also known as Carbon Capture, Utilization, and Storage (CCUS), is a critical technology aimed at mitigating greenhouse gas emissions, primarily from fossil fuels used in electricity generation and industrial processes. CO2, a primary greenhouse gas, is captured before it is released into the atmosphere, preventing its contribution to ozone depletion and climate change. CCS technology is applied to various sources, including pre-combustion capture in synthesis gas production, oxy-fuel combustion, and post-combustion capture in flue gas. Regulations and policies drive the adoption of CCS to reduce industrial sources’ greenhouse gas emissions and meet energy needs while minimizing carbon footprints. CCS technology providers offer solutions for power generation, industrial plants, natural gas plants, and various industries such as chemicals, iron and steel, cement and concrete, biofuels, fertilizers, textiles, food and beverages, paper and pulp, and renewable energy sources. The technology’s implementation requires significant energy consumption and financial investment but offers tax benefits and environmental impact reduction. CCS technology is applied to various gases, including CO2, CO, H2O, and hydrogen, and is used in various applications, including geological storage, deep ocean storage, and industrial separation. The technology’s environmental impact is a concern, but its implementation supports a sustainable environment and climate change awareness. Oil and gas companies, chemicals, and other industries are exploring the use of depleted hydrocarbon fields for CO2 storage, reducing the greenhouse effect and supporting clean technologies. The technology’s implementation faces challenges, including energy costs and power consumption, but its potential to significantly reduce greenhouse gas emissions makes it a crucial component of the global transition towards a low-carbon economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyPre-combustionPost-combustionOxy-fuel CombustionApplicationEnhanced Oil RecoveryGeological StorageDistribution ChannelPipelineShipsEnd-userPower And Oil And GasManufacturingGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Axon Announces Body 5: Next-Generation Camera Built for the AI Era

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Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field

SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.

For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.

“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”

Axon Body 5: Built for the AI Era

Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day. 

For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.

Both models feature several key advancements, including:

25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.

The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:

A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.

Bringing More of Axon’s AI Era Into the Field

Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.

Increasingly, Axon is also bringing AI into real-time operations.

Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:

Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

Innovating Responsibly

Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.

General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.

About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility. 

Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.

Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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