The global carbon capture and storage (CCS) market is witnessing significant growth, with a projected increase of USD 15.83 billion from 2025 to 2029, growing at a CAGR of 26.6%. The rise in market demand is attributed to the reliance on fossil fuels for electricity generation, leading to a surge in carbon capture and storage projects, especially in developing nations. Key market players like Air Products and Chemicals Inc., Chevron Corp., and Shell plc are actively investing in CCS technology to address greenhouse gas emissions and drive sustainability initiatives. The adoption of CCS technology is driven by the need to reduce carbon footprints in electricity generation and industrial processes. Developed economies are making substantial investments to transition to low-carbon technologies, while developing nations such as China and India are exploring CCS as a means to balance energy security and carbon reduction goals. CCS technology plays a vital role in mitigating greenhouse gas emissions by capturing CO2 from sources like flue gas, pre-combustion, and oxy fuel combustion. Various industries including oil and gas, chemicals, and renewable energy sources are incorporating CCS to meet energy demands while minimizing environmental impact. Companies like Equinor ASA are leading the way in CCS implementation, demonstrating a commitment to sustainability. Despite the positive outlook, challenges exist for businesses in reducing their carbon footprints. Fossil fuels continue to be a major source of emissions, necessitating the adoption of CCS technology for CO2 capture and storage. Regulatory frameworks and policies are propelling the uptake of CCS, offering tax benefits and incentives for environmental responsibility. Overall, CCS technology presents a promising solution to combat climate change and promote sustainable industrial practices. By capturing CO2 emissions and exploring storage options like geological formations and deep ocean storage, CCS technology aims to drive industries towards cleaner and more efficient operations, aligning with global climate goals.