Market Highlights
Global Captive Power Generation Market is expected to grow at 5.5% CAGR during the forecast period, 2022–2030. 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.
Captive power generation refers to the process of generating electricity for a specific industrial or commercial facility, rather than relying on the grid for power supply. The market for captive power generation is driven by factors such as increasing demand for electricity, growing industrialization and urbanization, and the need for reliable and uninterrupted power supply.
The captive power generation market can be segmented based on type, source, end-user, and geography. Types of captive power generation include diesel generators, gas generators, and renewable energy systems such as solar and wind. The most common sources of captive power generation are fossil fuels such as coal, oil, and natural gas. However, there is growing interest in renewable energy sources due to their lower carbon footprint and cost-effectiveness over the long term.
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.
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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.
- Technology
- Heat Exchangers
- Turbines
- Gas Engines
- Transformers
- Others
- Fuel
- Diesel
- Gas
- Coal
- Others
- Ownership
- Single Ownership
- Multiple Ownership
- Connectivity
- Off-Grid
- On-Grid
- End-Use
- Industrial
- Commercial
- Residential
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East Africa
- South America
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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