Captive Power Generation Market to Hit $823.1 billion by 2030, at a CAGR of 5.3%

Captive Power Generation Market

According to a new report published by Allied Market Research, titled, “Global Captive power generation market by application and by End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030,” The global captive power generation market was valued at $494.7 billion in 2020, and is projected to reach $823.1 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.

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Residential and commercial construction projects are on rise in developing countries, and developed countries have a significant impact on stationary power generation. An increase in infrastructure activities will escalate the demand for steel and cement. The growing demand for these raw materials for infrastructure development will drive the demand for captive power generation to meet the needs of the growing construction market trends. Rapid innovation in renewable energy sources and government regulation to go zero carbon by 2050 are the key drivers of capital investment in solar, tidal, and wind. However, continuous fluctuations in the prices of crude oil and the political impact on the export of the crude oil and related petroleum products hamper the growth of the captive power generation market.

The global captive power generation market is segmented into technology type, fuel type, ownership, end use, and region. Depending on technology type, the market is categorized into heat exchanger, turbines, gas engines, transformers, and others. In terms of value, the gas engines segment accounted for the largest share in 2020. On the basis of fuel type, the global captive power generation market is categorized into diesel, gas, coal, and others. In terms of value, the coal segment accounted for the largest share in 2020.

By ownership type, the market is bifurcated into single and multiple. In terms of value, multiple segment accounted for the largest share in 2020. The end uses of captive power generation market includes residential, commercial, and industrial. In terms of value, the industrial segment accounted for the largest share in 2020.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest growing region. The major companies profiled in this report include ADC LLC, ArcelorMittal S.A., Clarke Energy, General Electric Company, Hindalco, Kohler Co., PBS Group, Reliance Industries, Siemens, and Wartsila.

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Key findings of the study

By region, Asia-Pacific accounted for the largest market share in 2020.
By Technology type, the gas engine segment holds the largest market share in 2020.
By Fuel type, coal segment holds the largest market share in 2020.
By ownership, multiple ownership segment holds the largest market share in 2020.
By End-use, industrial segment accounted for the largest captive power generation market share in 2020.

Impact Of Covid-19 On The Global Captive Power Generation Market

Emergence of COVID-19 had a negative impact on the growth of the global Captive power generation market during this period.
This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand for Captive power generation during this period.
The decrease in demand for many non-essential products and shut down of construction and tourism related industries have created a negative impact on the development of global Captive power generation market.
Thus, the abovementioned factors are expected to have negative impact the global captive power generation market growth during the pandemic period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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