GITNUX MARKETDATA REPORT 2024

Direct Air Capture Industry Statistics

Direct Air Capture industry is poised to grow rapidly in the coming years with a projected market size reaching $1 billion by 2025.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

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In this post, we explore the latest statistics and trends in the Direct Air Capture industry, shedding light on its current capacity, market projections, regional market shares, and potential environmental impacts. From the significant growth in plant numbers to the estimated future market value, these statistics paint a picture of the evolving landscape of Direct Air Capture technology and its potential in combatting greenhouse gas emissions.

Statistic 1

"Current annual Direct Air Capture capacity is around 9,000 tons of CO2."

Statistic 2

"In 2021, there were around 15 Direct Air Capture plants running globally."

Statistic 3

"The Direct Air Capture market is projected to reach $6.7 Billion by 2027."

Statistic 4

"North America accounted for the largest Direct Air Capture market share in 2020."

Statistic 5

"Analysts predict Direct Air Capture capacity will increase to over 1 million tons of CO2 per year by 2024."

Statistic 6

"The global Direct Air Capture market is expected to grow at a CAGR of 25% during the period 2020-2030."

Statistic 7

"The price of Direct Air Capture was up to $600 per tonne of CO2 in 2011."

Statistic 8

"Scientists estimate Direct Air Capture plants could capture up to 2,000 kg of CO2 per day."

Statistic 9

"Companies claim that DAC could be possible at less than $20/ton CO2 by 2050."

Statistic 10

"In the early 2020s, the largest Direct Air Capture facility was capturing 4,000 tonnes of CO2 per year."

Statistic 11

"In 2020, individual Direct Air Capture units captured 367 tonnes of CO2."

Statistic 12

"Direct Air Capture can yield a purity of CO2 up to 99.9%."

Statistic 13

"Global adoption of direct air capture technology could mitigate 2.3% of current global greenhouse gas emissions."

The Direct Air Capture industry has experienced significant growth in recent years, with current capacity reaching 9,000 tons of CO2 annually across 15 global plants in 2021. Projections indicate a promising future for the market, with an expected value of $6.7 billion by 2027 and a forecasted capacity increase to over 1 million tons of CO2 per year by 2024. North America leads the market share, and the industry is expected to grow at a steady pace, with a compound annual growth rate of 25% from 2020 to 2030. With advancements in technology and cost efficiencies, direct air capture has the potential to play a significant role in reducing global greenhouse gas emissions, showcasing its importance in combating climate change.