Onboard Carbon Capture System Market Size, Growth Outlook 2034
The Global Onboard Carbon Capture System Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2024-2033. The assessment provides a 360° view and insights - outlining the key outcomes of the Onboard Carbon Capture System market, current scenario analysis that highlights slowdown aims to provide unique strategies and solutions following and benchmarking key players strategies. In addition, the study helps with competition insights of emerging players in understanding the companies more precisely to make better informed decisions.
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📌 Recent Developments
In April 2025, Mitsubishi Heavy Industries received Approval in Principle (AiP) from Nippon Kaiji Kyokai for its Onboard Carbon Capture and Storage system (OCCS), capable of capturing, liquefying, and storing ship exhaust CO₂—marking a significant step toward commercial deployment in maritime decarbonization .
In February 2023, Eastern Pacific Shipping installed a prefabricated Filtree system developed by Value Maritime aboard the MR tanker Pacific Cobalt, becoming one of the first commercial shipboard capture systems activated .
🚀 Drivers
Stringent emissions regulations and growing decarbonization mandates in marine, aviation, and industrial sectors are pushing adoption of OCCS solutions
Rising partnerships and research activity in aviation and shipping—along with investor interest in scalable carbon capture—are accelerating system development
⛔ Restraints
High integration and upfront costs deter adoption, especially for small fleets or industrial users
Technical complexity and risk of CO₂ leakage pose operational and regulatory challenges
🌍 Regional Segmentation Analysis
As of 2023, North America leads with approximately 35% of market share, followed by Europe (30%), Asia-Pacific (25%), and Latin America & Middle East/Africa both at ~5% .
Asia-Pacific is the fastest-growing region, driven by expanding industrialization and environmental policy pressure in economies like China and India
🌱 Emerging Trends
Growing interest in Oxygen Combustion capture technology, with a projected ~8% CAGR—despite Post‑Combustion dominating the current mix at ~45% share .
Cross-sector collaborations and development of hybrid systems that integrate capture with fuel production (e.g. synthetic fuels) are gaining traction
🔧 Top Use Cases
Decarbonizing commercial shipping fleets (e.g. tankers, bulk carriers)
Aviation applications, particularly on long-haul aircraft engines
Onboard systems in heavy-duty transport, including trains or industrial vehicles
Process vessels in oil & gas, chemical, or ship-mounted power generation units .
⚠️ Major Challenges
System integration on existing vessels or aircraft is complex, often requiring retrofitting significant infrastructure .
High capex/opex and limited financial incentives slow adoption, especially in regions with policy uncertainty .
Captured CO₂ storage, handling standards, and public acceptance remain evolving and sometimes inconsistent across geographies .
💡 Attractive Opportunities
With cost reductions and regulatory support, public-private partnerships can drive scaling, especially in shipping and aviation sectors
Market expansion in emerging regions like APAC and LAMEA where industrial emission sources are increasing .
Differentiation via advanced capture technologies (e.g. sorbents, membranes, mineralization) and modular system design offers product innovation paths
📈 Market Expansion Key Drivers
Strong regulatory push (sectoral emission caps, maritime/aviation mandates)
Technological evolution toward efficient, compact capture units
Strategic investor funding and adoption by industry leaders
Environmental sustainability goals tied to decarbonized logistics, aviation, and shipping
🚩 Market Profile & Size
The onboard carbon capture system market was valued at approximately USD 924 million in 2022, with forecasts projecting growth to around USD 2,063 million by 2032 at a CAGR of ~8.3% (2023–2032) .
Another forecast by The Brainy Insights aligns similarly: USD 924 m in 2022 reaching USD 2,089 m by 2032, driven in part by emerging aviation applications
🧑💼 Leading Companies & Market Values
Major players profiled in multiple industry reports include:
Alfa Laval AB, MAN Energy Solutions (now rebranded Everllence as of June 2025) , Wärtsilä Corporation, Aker Carbon Capture ASA, BASF SE, Samsung Heavy Industries, Carbon Engineering Ltd., Saudi Aramco, LanzaTech, VICI AG International, CO₂ Capsol AS, Panasia Co. Ltd., Gaztransport & Technigaz (GTT), and emerging innovators like Seabound (UK calcium-looping), Value Maritime (Filtree capture filter system) .
Notably:
Eastern Pacific Shipping deployed Value Maritime’s Filtree system on Pacific Cobalt in 2023—an early real-world reference point for commercialization
Everllence (formerly MAN Energy Solutions) continues development of OCCS technology across maritime and energy sectors
Let me know if you'd like detailed fleet-by-fleet revenue splits, application-level adoption statistics (e.g. aircraft vs ship), or competitor benchmarking at the company financial level.
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