Captive Power Generation Market Highlights
Global Captive Power Generation Market is expected to grow at 5.21% CAGR during the forecast period, 2020–2026. Captive power generation is the power generation unit that has been set up by an industry or individual for its personal consumption. This might comprise a power generation unit or plant set up by a cooperative society or an association of people for the generation of power mainly for the use of its members.
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In 2019, Asia Pacific Dominated the Captive power generation Market in Terms of Share: MRFR
The captive power generation market has been segmented into five regions: Asia-Pacific, the Middle East & Africa, Europe, North America, and South America.
Asia Pacific is likely to hold the largest share of the market during the forecast period. In developing countries including India, Japan, and Australia, growth in energy-intensive industries, namely, cement, mining & metal processing, and refining & petrochemical, is leading to the rise in the demand for cost-effective and reliable power supply. Additionally, rising investments and government initiatives to support the distributed energy generation in Asian countries are expected to drive the demand for captive power generation in the Asia-Pacific region during the study period.
Global Captive Power Generation Market has been classified based on technology, fuel, ownership, connectivity, and end use. Based on technology, the captive power generation market is divided into heat exchangers, turbines, gas engines, transformers, and others. The gas engines segment is anticipated to hold the largest share in the global market during the forecast period as gas engines are best suitable for captive power plants where there is a localized supply of gas. Such factors lead to the large market share of the gas engine segment.
Scope of the Report
This report provides an in-depth analysis of the global captive power generation market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Captive power generation market by technology, fuel, ownership, connectivity, end use, and region.
Key Players
The key players operating in the global captive power generation market are Doosan Corporation, ArcelorMittal, Hindustan Zinc., Reliance Industries, Jindal Steel & Power, Essar Steel, Bharat Heavy Electricals, Hindalco Industries, General Electric, Clarke Energy, a Kohler Company, Thermax Limited, NALCO India, Siemens, Wartsila, and LafargeHolcim.
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