Despite rapid development, the full industrialization of CCUS has not yet been achieved, with differences in development status and pace observed at home and abroad. These differences are influenced by the level of policy support and the respective stages of industrial development in the locations. As the industry continues to evolve, characteristics and trends are becoming clearer. Europe and the United States are leading the global industry trends, with more flexible and diversified business models emerging as value flows along the supply chain. The economic viability of projects is gradually emerging as carbon prices increase, and oil and gas companies play a leading role in the industry chain. The offshore carbon storage from onshore clusters or hubs has gradually becoming the mainstream trend. In the U.S., European Union, and Australia, supporting policies including tax credits, carbon markets, and subsidies are major driving forces for CCUS industry development. Analyses on the characteristics of offshore storage cluster projects currently under construction or planned reveal that government supporting policies act as the primary driving force, and oil and gas companies with ambitions for carbon neutrality and a competitive edge are the primary drivers of CCUS project development. Based on the above study, recommendations for China in the CCUS industry incubation and cultivation phase include increasing direct financial support from the government, accelerating the establishment of regulatory and supervisory systems, and encouraging enterprises to strengthen research on codes and standards to collectively promote industry development.