Direct Air Capture Market worth $2,513.17 million by 2030, growing at a CAGR of 44.52% - Exclusive Report by 360iResearch

The "Direct Air Capture Market by Product (Absorption-based DAC, Adsorption-based DAC, Cryogenic-based DAC), Technology (Electrochemical-DAC, Liquid-DAC, Solid-DAC), Scale, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Direct Air Capture Market to grow from USD 190.85 million in 2023 to USD 2,513.17 million by 2030, at a CAGR of 44.52%.

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Direct air capture (DAC) refers to a suite of technologies engineered to extract carbon dioxide (CO2) directly from the atmosphere. This process serves as a pivotal strategy in reducing atmospheric concentrations of CO2, thus addressing climate change. The expansion of DAC deployment is primarily driven by increasing governmental and corporate commitments to achieving net-zero emissions, the advancement of carbon sequestration technologies, and growing financial incentives such as carbon pricing mechanisms. However, DAC faces limitations, including high energy requirements, substantial financial costs, and infrastructural challenges related to the storage and utilization of captured CO2. Addressing these disadvantages necessitates ongoing technological innovations aimed at enhancing energy efficiency, reducing operational costs, and developing effective carbon utilization pathways. Integrations with renewable energy sources, the development of scalable DAC facilities, and significant roles in carbon-neutral aviation fuels and carbon-negative building materials offer promising vistas for expanding DAC.

In the Americas, particularly in the United States and Canada, there is a robust momentum in the development and deployment of DAC technologies, driven by governmental support, such as tax incentives and significant investments in research and development. Companies are pushing the DAC technology into commercialization and operational projects, with the U.S. leading in the number of installations and research facilities. The APAC region, while lagging behind in terms of operational DAC projects, is witnessing a growing interest in the technology, primarily due to escalating concerns over air quality and the urgent need to address climate change. Countries such as Japan and Australia are beginning to invest in pilot projects and research, exploring the technology's viability and integrating it into their carbon reduction strategies. In EMEA, the scenario is mixed; the European Union's strong regulatory framework and ambitious carbon neutrality goals have positioned it as a leader in climate technologies, including DAC. Several European countries have initiated research projects and are home to companies that have operational facilities in Switzerland and Iceland. With its vast energy resources, the Middle East is also starting to explore DAC technology as part of its diversification and climate mitigation strategies, albeit at a slower pace compared to Europe.

Market Segmentation & Coverage:

This research report categorizes the Direct Air Capture Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Absorption-based DAC, Adsorption-based DAC, Cryogenic-based DAC, and Membrane-based DAC. The Adsorption-based DAC is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Electrochemical-DAC, Liquid-DAC, and Solid-DAC. The Electrochemical-DAC is projected to witness significant market share during forecast period.

Based on Scale, market is studied across Commercial-scale, Demonstration-scale, and Pilot-scale. The Demonstration-scale is projected to witness significant market share during forecast period.

Based on Application, market is studied across Carbon Capture & Storage and Carbon Capture & Utilization. The Carbon Capture & Utilization is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.83% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Direct Air Capture Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Direct Air Capture Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Direct Air Capture Market, highlighting leading vendors and their innovative profiles. These include AirCapture LLC, Aircela Inc., AirMyne, Inc., Avnos, Inc., Capture6, Carbominer, Carbon Atlantis GmbH, Carbon Blade, Carbon Collect Limited, Carbon Engineering ULC., CarbonCapture Inc., Carbyon, Climeworks AG, Fervo Energy, Global Thermostat, Heirloom Carbon Technologies, Inc., Holocene Climate Corporation, Mission Zero Technologies., Nordic DAC Group, Noya PBC, Octavia Carbon Co., Parallel Carbon Limited, Removr, RepAir D.A.C Ltd., Sirona Technologies, Skytree, Soletair Power, South Ocean Air LLC, Sustaera Inc., and Valiidun.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Direct Air Capture Market, by Product
7. Direct Air Capture Market, by Technology
8. Direct Air Capture Market, by Scale
9. Direct Air Capture Market, by Application
10. Americas Direct Air Capture Market
11. Asia-Pacific Direct Air Capture Market
12. Europe, Middle East & Africa Direct Air Capture Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Direct Air Capture Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Direct Air Capture Market?
3. What is the competitive strategic window for opportunities in the Direct Air Capture Market?
4. What are the technology trends and regulatory frameworks in the Direct Air Capture Market?
5. What is the market share of the leading vendors in the Direct Air Capture Market?
6. What modes and strategic moves are considered suitable for entering the Direct Air Capture Market?

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