Global Captive Power Generation Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - May 2019 | Category - Energy and Power | No. of Pages - 145 | Published By - EMR


Global Captive Power Generation Market is expected to exhibit a moderate CAGR of 5.2% from 2018 to 2024.

The key factor driving the growth of the captive power generation markets include ensuring uninterrupted power supply, minimizing losses associated with transmission of electricity from centralized power plants and high cost of industrial tariffs. Further captive power generation entertains the possibility of co-generation which results in effective utilization of fuels in an efficient manner have led in overall increasing demand for captive power generation.

Thermal captive power plants are accounted to hold the major share of the captive power generation market in 2017. The rise in demand for captive power generation stems from requirement of uninterrupted power supply in energy intensive industries. Furthermore, cogeneration by using electricity and heat from power plants offers a fuel efficient option for energy intensive industries. Demand for Captive Power Generation market was largely generated by metal & minerals and cement industry and is expected to register a CAGR of 5.2% over the forecast period. Industrial applications include electricity production for chemical, metal & minerals, cement, petroleum (refineries), paper, textile, and others. Moreover, ability to tap into renewable energy has made captive generation a lucrative option.

Global Captive Power Generation Market Key Players 

Clarke Energy
Dietsmann
ABB
GE
Wartsila
Doosan
Valmet
Cummins
Mitsubishi Hitachi power systems
Siemens
Others


 

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