Direct Air Capture Market Overview: Global Industry Insights
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. Smalle...