Report Overview:

The Direct Air Capture market is projected to grow significantly, reaching an estimated USD 120,811 billion by 2034, up from USD 1,007.1 billion in 2024. This remarkable expansion reflects a CAGR of 61.4% over the forecast period (2025–2034). North America currently leads the global market, commanding a dominant 48.3% share, thanks to its advanced infrastructure, strong policy support, and substantial public and private investment.

DAC technology is gaining traction as a viable tool for large-scale carbon removal, supporting global climate goals and net-zero commitments. The market primarily revolves around two technologies solid and liquid DAC used to extract CO₂ directly from ambient air. Solid-DAC systems, which accounted for 58.3% of the market in 2024, are particularly valued for their modular nature and lower energy consumption. Furthermore, electricity-powered systems make up 68.3% of deployments, aligning with the shift toward clean energy sources.

Smaller-scale plants, particularly those with fewer than ten CO₂ collectors, are growing in popularity due to their lower installation costs and scalability, capturing 46.4% of market installations. Key applications include carbon capture and storage (CCS), which holds 82.1% of usage, especially within the oil & gas sector, which represents 34.5% of the demand.

Key Takeaways:

The DAC market is forecasted to grow from USD 1,007.1 billion (2024) to USD 120,811 billion (2034) at a CAGR of 61.4%.

North America leads the market with 48.3% share, supported by infrastructure and policy incentives.

Solid DAC technology is dominant with 58.3% share, driven by its efficiency and modular structure.

Electricity-powered DAC systems hold 68.3% market share, in line with decarbonization goals.

Small-scale DAC units (