발전용 탄소 포집 및 저장(CCS) 시장 : 기술 유형, 포집 방법, 플랜트 유형, 프로젝트 규모, 전개 모델별 - 세계 예측(2025-2032년)

The CCS in Power Generation Market is projected to grow by USD 37.40 billion at a CAGR of 10.28% by 2032.

Setting the stage for carbon capture adoption in power generation through an integrated view of technology, policy, and commercial enablers

The power generation sector is at an inflection point where decarbonization imperatives, technology maturity, and regulatory frameworks intersect to shape near-term investment and operational decisions. Carbon capture solutions, once a niche engineering discipline, are transitioning into a strategic capability for utilities, independent power producers, and industrial power consumers. This transition reflects a broader recognition that emissions reductions will require a portfolio approach combining renewables, efficiency measures, fuel switching, and carbon capture to address residual emissions from thermal generation assets.

Against this backdrop, stakeholders must navigate a complex landscape of capture technologies, capture methods, plant types, and deployment models. There is an increasing focus on retrofitability, compatibility with existing asset lifecycles, and modularization to reduce schedule and execution risk. Meanwhile, policy and corporate net-zero commitments are raising the profile of carbon capture as a necessary complement to other decarbonization levers, particularly for baseload generation that cannot be easily or economically electrified.

This introduction frames the executive summary that follows and sets expectations for the analysis. It emphasizes the interplay between technology readiness, supply-chain constraints, regulatory regimes, and financing structures that collectively determine the pace and shape of carbon capture adoption in power generation. Readers should expect an integrated perspective that links technical segmentation to regional dynamics and commercial implications, while highlighting actionable pathways for market participants.

How converging technological advances, policy momentum, and supply-chain evolution are reshaping commercial pathways for carbon capture deployment in power generation

The landscape for carbon capture in power generation is undergoing transformative shifts driven by evolving technology pathways, policy instruments, and commercial delivery models. Rapid advances in solvent formulations and process integration are improving capture efficiency and reducing parasitic loads, while membrane and adsorption research is unlocking routes to lower-capex, modular solutions suitable for smaller-scale plants. Simultaneously, system-level innovations such as hybrid capture trains and combined heat and power integration are enabling new opportunities to reclaim waste energy and lower cost of capture when evaluated across the plant lifecycle.

Policy changes are exerting strong directional influence: enhanced incentives, emissions performance standards, and procurement preferences for low-carbon power are reshaping project viability and investment criteria. This policy momentum is matched by a maturation of project financing structures that increasingly pair concessional public finance and risk-sharing mechanisms with commercial debt and equity, allowing larger and more complex projects to move from concept to construction.

On the industrial front, supply-chain evolution is accelerating. Component manufacturers are scaling capacity for key inputs such as membranes, sorbents, and high-integrity pressure vessels, while engineering contractors are adopting modular fabrication and parallel construction techniques to compress schedules. Together, these technology, policy, and supply-side shifts are reducing execution timelines, lowering perceived risk, and broadening the set of economically attractive use cases for carbon capture across diverse power plant configurations. As a result, project developers and asset owners are moving from exploratory pilots to strategic deployment planning that aligns technology choice with operational, financial, and regulatory constraints.

Examining the broader supply-chain and procurement consequences of United States tariff shifts in 2025 and how they reshape project risk allocation and sourcing choices

The cumulative effects of United States tariff developments in 2025 have exerted multi-dimensional pressure on the carbon capture supply chain for power generation projects, with ripple effects for procurement strategies, vendor selection, and regional sourcing decisions. Tariff adjustments on imported steel and certain engineered components have increased landed costs for pressure-containing equipment and large fabricated modules, prompting buyers to reassess total cost of ownership and to consider domestic manufacturing options where available. In parallel, tariffs affecting specialty materials and catalysts have pressured suppliers to localize critical production or to reengineer processes to reduce exposure to tariff-sensitive inputs.

As a consequence, project developers are extending sourcing horizons and placing greater emphasis on supply-chain resilience. Contractual terms have adapted to include more explicit clauses for tariff pass-through, force majeure, and hedging strategies tied to trade policy volatility. This has increased the strategic importance of procurement teams within project development organizations, as they weigh the trade-offs between near-term price impacts and long-term benefits associated with domestic supplier partnerships, local content requirements, and potential incentives tied to in-country fabrication.

Moreover, the tariff environment has accelerated conversations around modularized, small-scale capture solutions that reduce dependence on imported oversized equipment. Companies are exploring design approaches that prioritize standardized, factory-built modules that can be transported regionally, thereby minimizing cross-border tariff exposure. Policy responses and industry countermeasures are also emerging, including supplier consortia that aggregate demand to negotiate favorable terms and joint ventures that relocate manufacturing footprints closer to demand centers. Taken together, these adaptations reflect a shifting calculus for risk allocation, capital deployment, and technology selection driven by tariff-related structural changes in the supply chain.

How detailed segmentation across technology, capture methods, plant archetypes, project scale, and deployment model reveals differentiated pathways and integration trade-offs

A granular segmentation lens is essential to understand how diverse technological pathways and project characteristics influence suitability, cost drivers, and deployment timelines for carbon capture in power generation. Based on technology type, capture approaches are distinguished between post combustion and pre combustion configurations, each presenting distinct retrofitting implications, integration complexity, and operational profiles. Based on capture method, options include chemical absorption, cryogenic separation, membrane separation, and physical adsorption; chemical absorption further branches into alkaline and amine-based solvents, cryogenic separation includes liquefaction and refrigeration-cycle approaches, membrane separation differentiates between inorganic and polymeric membrane chemistries, and physical adsorption spans activated carbon and zeolite media. Based on plant type, the sector encompasses biomass, integrated gasification combined cycle, natural gas combined cycle, pulverized coal, and waste-to-energy facilities, with IGCC plants further distinguished by entrained flow and fluidized bed gasification technologies, each affecting synergies with capture systems and CO2 purity profiles. Based on project scale, offerings diverge into large-scale and small-scale deployments, with scale driving choices around modularity, capital intensity, and financing structures. Finally, based on deployment model, projects are evaluated across brownfield retrofits and greenfield integrations, influencing permitting timelines, electrical integration, and lifecycle optimization strategies.

Understanding these segments in concert reveals important cross-cutting patterns. For example, amine-based post-combustion systems have established themselves as a reliable retrofit pathway for pulverized coal plants, albeit with attention to solvent management and energy penalty mitigation, while inorganic membranes show promise for lower-capex, compact units suitable for smaller natural gas combined cycle plants. IGCC facilities with entrained flow gasifiers often provide higher CO2 partial pressures that simplify capture compared with some fluidized bed configurations. Meanwhile, greenfield projects allow for design-for-capture principles that reduce integration friction and enable optimized steam and heat integration, whereas brownfield projects frequently prioritize minimized plant downtime and phased implementation to manage operational continuity.

These segmentation-driven insights enable stakeholders to align technology selection with plant characteristics, financing appetite, and regulatory obligations, thereby improving strategic fit and execution confidence across the spectrum of carbon capture opportunities in power generation.

Regional dynamics and policy architectures across the Americas, Europe Middle East & Africa, and Asia-Pacific that shape deployment choices and infrastructure coordination

Regional dynamics materially shape the deployment economics, policy incentives, and supply-chain options for carbon capture in power generation across the globe. In the Americas, a combination of federal incentives, state-level policy initiatives, and significant private-sector investment has generated a fertile environment for demonstration and early commercial projects, with pronounced interest in retrofits for existing natural gas and coal-fired assets as well as in capacity built around large industrial clusters. Policy frameworks in this region also influence financing structures and local content decisions, and they tend to prioritize infrastructure coordination for CO2 transport and storage.

In Europe, Middle East & Africa, regulatory ambition and carbon pricing mechanisms, alongside national decarbonization targets, are creating differentiated markets where some countries move rapidly to incentivize capture and storage while others prioritize alternative low-carbon pathways. The region's advanced engineering base and proximity to geological storage prospects in certain jurisdictions create an environment conducive to integrated value chains; however, permitting complexities and cross-border transport issues require careful project planning. In the Middle East, the intersection of enhanced fiscal incentives and abundant CO2 storage potential is advancing large-scale projects with industrial synergies.

Asia-Pacific presents a mosaic of approaches driven by national energy mixes, industrial policy, and the pace of renewable uptake. Countries with significant coal-fired fleets are investigating retrofit pathways as part of broader energy transitions, whereas jurisdictions with fast-growing natural gas capacity are evaluating capture options to mitigate lifecycle emissions. The region is also witnessing accelerated capacity building among local suppliers and engineering firms, which contributes to potential cost reductions and shorter lead times for regionally sourced equipment. Across all regions, coordination between policymakers, utilities, and storage developers remains a central enabler for scalable deployment and long-term viability.

Competitive and collaborative company behaviors that determine who wins in carbon capture provision through integrated technology, project delivery, and lifecycle services

Key company-level dynamics in the carbon capture for power generation space reflect a mix of technology incumbents, emerging specialist suppliers, and new entrants bridging digital and manufacturing capabilities. Established engineering and construction firms bring systems integration experience and project execution capacity for large-scale capture plants, while specialist technology providers focus on core capture methods such as advanced solvents, proprietary membranes, cryogenic systems, and high-performance adsorbents. Newer entrants often concentrate on modular, factory-built units or on niche improvements in sorbent chemistry and membrane fabrication that reduce capex and shorten commissioning timelines.

Strategic partnerships and consortiums are increasingly common, as project developers seek to combine complementary strengths-technology IP, EPC capacity, and project financing-to reduce execution risk and accelerate time to operation. Licensing and off-take agreements are evolving to reflect long-term operational support and performance guarantees, which are critical to attracting construction lenders and institutional investors. Additionally, companies are differentiating through service models that extend beyond equipment supply to include lifecycle optimization, predictive maintenance enabled by digital twins, and integrated carbon management services that connect capture to transport and storage solutions.

Competitive dynamics are also shaped by supply-chain decisions and manufacturing footprints. Firms that strategically locate production of high-value components closer to demand centers are gaining advantages in responsiveness and tariff exposure mitigation. This consolidation of capabilities-spanning material science, fabrication, project delivery, and digital services-will be a defining feature for companies that secure durable roles in the power-sector carbon capture ecosystem.

Prioritized, practical actions for industry leaders to reduce execution risk, align financing, and scale carbon capture delivery across diverse power plant portfolios

Industry leaders seeking to accelerate carbon capture deployment in power generation should prioritize a set of actionable moves that balance near-term deliverables with long-term strategic positioning. First, align technology selection with plant-specific operational profiles and retrofit constraints, favoring solutions that minimize downtime and integrate with existing steam and heat systems to reduce energy penalties. Second, pursue strategic supplier partnerships and co-investment models that secure preferential access to key components and enable localization of critical manufacturing to mitigate trade-policy risks and shorten lead times.

Third, embed rigorous contracting strategies that address tariff volatility, supply-chain continuity, and performance risk through carefully structured guarantees and incentives. Fourth, invest in modularization and standardization where appropriate to compress schedules and unlock repeatable deployment models across similarly configured plants. Fifth, proactively engage with policymakers and regional infrastructure planners to accelerate permitting, CO2 transport corridor development, and storage site characterization, because coordinated policy and infrastructure commitments materially reduce project execution risk. Finally, develop financing structures that combine public de-risking instruments and private capital, while articulating clear performance metrics and revenue pathways to attract conservative lenders. Implementing this set of actions will help industry leaders convert strategic intent into deliverable projects that align technology, financing, and policy to achieve scalable emissions reductions.

A robust, multi-method research approach combining technical literature, practitioner interviews, case studies, and supply-chain mapping to produce actionable insights

This research is grounded in a multi-pronged methodology designed to integrate technical, commercial, and policy perspectives relevant to carbon capture in power generation. The approach combined systematic literature synthesis of peer-reviewed technical studies, public policy documents, and industry white papers with structured interviews conducted across technology developers, project sponsors, EPC contractors, and financiers to capture practical insights into integration challenges and procurement behavior. Additionally, technology readiness and deployment characteristics were assessed through comparative analysis of plant archetypes and capture methods to identify where solutions deliver the greatest fit.

Supply-chain and tariff impacts were evaluated by mapping component flows, manufacturing footprints, and trade policy changes to understand sensitivity points and procurement implications. Case study analysis of recent projects provided lessons on execution sequencing, contractual structures, and operational commissioning that informed recommended best practices. To ensure rigor, findings were triangulated across multiple data sources and validated through expert review sessions with practitioners who have direct implementation experience in capture projects. The methodology emphasizes transparency in sources and robustness in cross-validation to provide stakeholders with reliable, actionable insights for strategic planning.

A concise synthesis of how integrated strategies combining technology selection, supply-chain resilience, and policy engagement enable scalable carbon capture outcomes

Carbon capture for power generation is poised to play a catalytic role in broader decarbonization strategies, but realizing that potential requires pragmatic alignment of technology selection, policy incentives, and commercial delivery mechanisms. The interplay between segmentation choices-technology type, capture method, plant type, project scale, and deployment model-and regional dynamics will determine where and how capture solutions deliver the most value. Tactical responses to supply-chain pressures, including tariff impacts, will shape procurement and manufacturing decisions in the near term, while investment in modularization, standardization, and local manufacturing can reduce long-term execution risk.

Stakeholders that coordinate across the value chain, from technology developers to storage operators and financiers, will be best positioned to translate pilot successes into scalable projects. By coupling disciplined contracting, strategic partnerships, and proactive policy engagement, market participants can accelerate deployment while managing capital and operational risk. Ultimately, the path to meaningful emissions reductions from power generation will hinge on integrating carbon capture into a balanced decarbonization portfolio, leveraging the complementary strengths of technology innovation, supply-chain resilience, and targeted public support.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Integration of carbon capture technology in existing coal and gas plants to meet net-zero targets
• 5.2. Expansion of large-scale carbon capture and storage clusters across industrial and power hubs to drive economies of scale
• 5.3. Deployment of modular carbon capture units for flexible retrofit on peak power generators during high demand periods
• 5.4. Advances in solvent and sorbent materials improving capture efficiency and reducing energy requirements of power plant CCS
• 5.5. Innovative financing models and public-private partnerships accelerating project finance for utility-scale CCS facilities in the power sector
• 5.6. Development of offshore CO2 transport and storage infrastructure enabling coastal power plants to utilize distant geological reservoirs
• 5.7. Regulatory and tax incentive frameworks evolving to support investment in carbon capture projects for the power industry

6. Cumulative Impact of United States Tariffs 2025

7. Cumulative Impact of Artificial Intelligence 2025

8. CCS in Power Generation Market, by Technology Type

• 8.1. Post Combustion
• 8.2. Pre Combustion

9. CCS in Power Generation Market, by Capture Method

• 9.1. Chemical Absorption
  • 9.1.1. Alkaline
  • 9.1.2. Amine Based
• 9.2. Cryogenic Separation
  • 9.2.1. Liquefaction
  • 9.2.2. Refrigeration Cycle
• 9.3. Membrane Separation
  • 9.3.1. Inorganic
  • 9.3.2. Polymeric
• 9.4. Physical Adsorption
  • 9.4.1. Activated Carbon
  • 9.4.2. Zeolite

10. CCS in Power Generation Market, by Plant Type

• 10.1. Biomass
• 10.2. Integrated Gasification Combined Cycle
  • 10.2.1. Entrained Flow
  • 10.2.2. Fluidized Bed
• 10.3. Natural Gas Combined Cycle
• 10.4. Pulverized Coal
• 10.5. Waste To Energy

11. CCS in Power Generation Market, by Project Scale

• 11.1. Large Scale
• 11.2. Small Scale

12. CCS in Power Generation Market, by Deployment Model

• 12.1. Brownfield
• 12.2. Greenfield

13. CCS in Power Generation Market, by Region

• 13.1. Americas
  • 13.1.1. North America
  • 13.1.2. Latin America
• 13.2. Europe, Middle East & Africa
  • 13.2.1. Europe
  • 13.2.2. Middle East
  • 13.2.3. Africa
• 13.3. Asia-Pacific

14. CCS in Power Generation Market, by Group

• 14.1. ASEAN
• 14.2. GCC
• 14.3. European Union
• 14.4. BRICS
• 14.5. G7
• 14.6. NATO

15. CCS in Power Generation Market, by Country

• 15.1. United States
• 15.2. Canada
• 15.3. Mexico
• 15.4. Brazil
• 15.5. United Kingdom
• 15.6. Germany
• 15.7. France
• 15.8. Russia
• 15.9. Italy
• 15.10. Spain
• 15.11. China
• 15.12. India
• 15.13. Japan
• 15.14. Australia
• 15.15. South Korea

16. Competitive Landscape

• 16.1. Market Share Analysis, 2024
• 16.2. FPNV Positioning Matrix, 2024
• 16.3. Competitive Analysis
  • 16.3.1. Mitsubishi Heavy Industries, Ltd.
  • 16.3.2. Fluor Corporation
  • 16.3.3. Shell plc
  • 16.3.4. Linde plc
  • 16.3.5. Aker Solutions ASA
  • 16.3.6. Technip Energies N.V.
  • 16.3.7. Honeywell International Inc.
  • 16.3.8. Siemens Energy AG
  • 16.3.9. Jacobs Engineering Group Inc.
  • 16.3.10. Saipem S.p.A.