About Captive Power Plant
A captive power plant is a facility that is dedicated to providing a localized source of power to an industrial or commercial energy user for their own energy consumption. It is used and managed by an industrial or commercial energy user for their own energy consumption. It is a form of distributed generation, generating power close to the source of use. It has numerous benefits such as security of power supply through self-generation, reduced costs through, improved environmental performance resulting from fuel efficiency.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Captive Power Plant market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clarke Energy (United Kingdom), MAN Energy Solutions (Germany), Cethar Limited (India), Siemens AG (Germany), Thermax (India), Wartsila (Finland), GE (United States), SEPCO Electric Power Construction Corporation (China), Reliance Industries (India) and Essar Energy (Mauritius) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are L&T Power Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Captive Power Plant market by Type (Steam Plant, Gas Turbine Plant, Diesel Engine Plant, Co-generation Plant, Hydro Plant and Wind Cum Diesel Plant) and Region.
On the basis of geography, the market of Captive Power Plant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sector, the sub-segment i.e. Commercial will boost the Captive Power Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. Coal will boost the Captive Power Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Cement will boost the Captive Power Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Reduction in Transmission and Distribution Losses
Market Growth Drivers:
High Consumption of Electricity in Utility and Increasing Demand for Continuous and High-quality Power Supply
Challenges:
Regulatory Inclination to Deploy Renewable Sources for Power Generation
Restraints:
High Capital and Operating Costs
Opportunities:
Growth in energy-intensive industries and Adoption of Renewable Energy Sources, such as solar and wind
Market Leaders and their expansionary development strategies
In 2023, MAN Energy Solutions and Vicinity Energy entered into a Memorandum of Understanding (MoU) in the field of heat pumps as a low climate impact energy source for district heating. The companies will work together to advocate for and develop low-temperature source heat pump systems for steam generation, as well as their application in district energy systems.
Key Target Audience
Research Professionals, Emerging Companies, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.