The global carbon capture power plants and storage systems market is projected to grow from USD 4.61 billion in 2025 to USD 12.10 billion by 2033, at a CAGR of 12.9%. This growth is driven by accelerating net-zero targets, stricter emissions regulations, and rising investments in carbon capture, utilization, and storage (CCUS) infrastructure. Major oil and gas companies like ExxonMobil, Shell, and Chevron are expanding their CCUS projects, including CO2 transport networks and geological storage hubs, to support decarbonization of power generation and industrial operations. Recent developments include Occidental Petroleum expanding its CO2 storage infrastructure in June 2026, ExxonMobil enhancing storage hubs in May 2026, and GE Vernova improving post-combustion capture for gas plants. In Japan, Mitsubishi Heavy Industries and JERA are advancing capture systems for thermal power. The post-combustion capture process dominates the market, accounting for about 58% of the total, and power plant operators represent the largest end-user segment. The market is projected to grow from USD 4.61 billion in 2025 to USD 12.10 billion by 2033.
