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The market for captive power generation is anticipated to grow at a CAGR of 5.5% from 2023 to 2030.
A facility that generates the electricity needed serves as a captive power producing plant. Energy consumers in the industrial and commercial sectors control it. Industries that require a lot of energy use captive power plants. As in the production of cement, iron, and steel, chemical plants, and aluminium smelters, the reliability and quality of the power supply are essential. Equipment used in power generating, such as heat exchangers, boilers, generators, transformers, turbines, and solar panels, is supported by captive power generation plants.
Equipment including electrical precipitators, transformers, heat exchangers, generators, boilers, and turbines make up captive power generating. The location, technology, and fuel of captive power generating affect the capital and operational costs. The need for electricity and power has substantially expanded due to the world's rapid industrialisation and technological breakthroughs. Cross-subsidies in electricity prices exist as energy-intensive businesses expand in emerging nations, and a rise in the cost of power generation fuels the expansion of the captive power generation market. In addition, 54% of the energy produced globally is consumed by the industrial sector.
When electricity is produced for industrial or commercial energy users' own use, this is referred to as captive power generation. Gas turbine plants, cogeneration plants, diesel engine plants, and wind & hydro plants are the several types of captive power generation facilities.
The increasing number of energy-intensive businesses in developing nations is one of the main reasons fueling the expansion of the worldwide captive power generating industry. Additionally, it is anticipated that the cross-subsidy component of power tariffs and the increase in the per-unit cost of power generation will support the expansion of the captive power generation sector. Additionally, the industrial sector consumes around 54% of the energy produced globally. The increased demand for manufactured goods is predicted to cause an increase in industrial production during the forecast period. Energy-intensive manufacturing, non-energy-intensive manufacturing, and non-manufacturing are the three categories of industries based on energy usage. The main consumers of energy sources for production are the energy-intensive manufacturing sectors. In addition, as more developing nations become industrialised and more remote operations require continuous power supply, this is likely to increase demand for captive power generation. For instance, the majority of businesses are working to cut back on the usage of carbon-based fuels in the production of energy. The demand for captive power plants is projected to increase as a result of the oil and gas industry's ongoing shift towards clean, reliable energy sources for certain production activities, such as lighting and fluid pumping. Similar to other industries, the food and beverage sector employs either complete or partial automation, which causes a significant demand for electricity from food processing facilities. During the projection period, all of these factors are likely to raise demand for captive power generation facilities.
Report Coverage
Global Captive Power Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Captive Power Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Captive Power Generation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Captive Power Generation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Captive Power Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Captive Power Generation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Doosan Corporation, ArcelorMittal, Hindustan Zinc., General Electric, Reliance Industries, Jindal Steel & Power, Hindalco Industries, Essar Steel, Bharat Heavy Electricals, Clarke Energy, a Kohler Company, Thermax Limited, NALCO India, Siemens, Wartsila, and LafargeHolcim.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Captive Power Generation market based on the below-mentioned segments:
Global Captive Power Generation Market, By Technology
Heat Exchangers
Turbines
Gas Engines
Transformers
Others
Global Captive Power Generation market, By Connectivity
Off-Grid
On-Grid
Global Captive Power Generation Market, By End User
Industrial
Commercial
Residential
Global Captive Power Generation market, Regional Analysis
A facility that generates the electricity needed serves as a captive power producing plant. Energy consumers in the industrial and commercial sectors control it. Industries that require a lot of energy use captive power plants. As in the production of cement, iron, and steel, chemical plants, and aluminium smelters, the reliability and quality of the power supply are essential. Equipment used in power generating, such as heat exchangers, boilers, generators, transformers, turbines, and solar panels, is supported by captive power generation plants.
Equipment including electrical precipitators, transformers, heat exchangers, generators, boilers, and turbines make up captive power generating. The location, technology, and fuel of captive power generating affect the capital and operational costs. The need for electricity and power has substantially expanded due to the world's rapid industrialisation and technological breakthroughs. Cross-subsidies in electricity prices exist as energy-intensive businesses expand in emerging nations, and a rise in the cost of power generation fuels the expansion of the captive power generation market. In addition, 54% of the energy produced globally is consumed by the industrial sector.
When electricity is produced for industrial or commercial energy users' own use, this is referred to as captive power generation. Gas turbine plants, cogeneration plants, diesel engine plants, and wind & hydro plants are the several types of captive power generation facilities.
The increasing number of energy-intensive businesses in developing nations is one of the main reasons fueling the expansion of the worldwide captive power generating industry. Additionally, it is anticipated that the cross-subsidy component of power tariffs and the increase in the per-unit cost of power generation will support the expansion of the captive power generation sector. Additionally, the industrial sector consumes around 54% of the energy produced globally. The increased demand for manufactured goods is predicted to cause an increase in industrial production during the forecast period. Energy-intensive manufacturing, non-energy-intensive manufacturing, and non-manufacturing are the three categories of industries based on energy usage. The main consumers of energy sources for production are the energy-intensive manufacturing sectors. In addition, as more developing nations become industrialised and more remote operations require continuous power supply, this is likely to increase demand for captive power generation. For instance, the majority of businesses are working to cut back on the usage of carbon-based fuels in the production of energy. The demand for captive power plants is projected to increase as a result of the oil and gas industry's ongoing shift towards clean, reliable energy sources for certain production activities, such as lighting and fluid pumping. Similar to other industries, the food and beverage sector employs either complete or partial automation, which causes a significant demand for electricity from food processing facilities. During the projection period, all of these factors are likely to raise demand for captive power generation facilities.
Report Coverage
Global Captive Power Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Captive Power Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Captive Power Generation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Captive Power Generation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Doosan Corporation, ArcelorMittal, Hindustan Zinc., General Electric, Reliance Industries, Jindal Steel & Power, Hindalco Industries, Essar Steel, Bharat Heavy Electricals, Clarke Energy, a Kohler Company, Thermax Limited, NALCO India, Siemens, Wartsila, and LafargeHolcim. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Captive Power Generation Market from 2021 to 2030.
- Market Forecast for Captive Power Generation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Captive Power Generation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Captive Power Generation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Captive Power Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Captive Power Generation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Doosan Corporation, ArcelorMittal, Hindustan Zinc., General Electric, Reliance Industries, Jindal Steel & Power, Hindalco Industries, Essar Steel, Bharat Heavy Electricals, Clarke Energy, a Kohler Company, Thermax Limited, NALCO India, Siemens, Wartsila, and LafargeHolcim.
Primary Target Market
- Market Players of Captive Power Generation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Captive Power Generation market based on the below-mentioned segments:
Global Captive Power Generation Market, By Technology
Heat Exchangers
Turbines
Gas Engines
Transformers
Others
Global Captive Power Generation market, By Connectivity
Off-Grid
On-Grid
Global Captive Power Generation Market, By End User
Industrial
Commercial
Residential
Global Captive Power Generation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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