Global & Regional Captive Power Plant Market by Fuel (Coal, Diesel, Natural Gas, Solar, and Others), by End-use Industry (Cement, Petrochemical, Steel, Paper, Textile, Sugar, Pharma, Metals & Minerals, and Others), by Region, Historical Trends (2018-2021), Forecasts and Industry Outlook (2022-2030)

Global & Regional Captive Power Plant Market by Fuel (Coal, Diesel, Natural Gas, Solar, and Others), by End-use Industry (Cement, Petrochemical, Steel, Paper, Textile, Sugar, Pharma, Metals & Minerals, and Others), by Region, Historical Trends (2018-2021), Forecasts and Industry Outlook (2022-2030)

Global & Regional Captive Power Plant Market- Description
A captive power plant is referred to as a type of electricity generation unit that predominantly provides localized power source to an authorized energy user. These users can be large commercial complexes, manufacturing facilities, offices, and educational institutions, among others. These plants are equipped with an ability to offer surplus power in case of an emergency and generally operate in a grid parallel mode.

Global & Regional Captive Power Plant Market- Overview
The global & regional captive power plant market was worth USD 494.7 billion in 2020 and is poised to amass a valuation of USD 823.1 billion by 2030, registering a CAGR of 5.3% over the forecast duration of 2022-2030.
The widespread industrialization coupled with the growing power needs of the masses are the primary factors augmenting the outlook of this marketplace.
Also, rise in the instances of power failures and fluctuations across the globe are creating lucrative opportunities for the industry vertical to prosper.
Furthermore, many large enterprises use captive power plants to minimize the need of transmission and distribution of generated electricity. This in turn is positively swaying the dynamics of this business sphere.
Additionally, these units help users to save their overall power costs which is another growth propellant of this market.
Moreover, escalating demand for renewable energy sources across the globe and growing environmental cognizance of the masses are adding momentum to the progression of this industry vertical.
On the contrary, high capital and operating costs pertaining to these power plants is hindering the remuneration of this market sphere.

Global & Regional Captive Power Plant Market- Key trends
Rise in power outrages to aid industry expansion
The widespread surge in power failures and fluctuations in power quality are primary concerns for industries. These factors hamper the productivity of industries and lead to major loses Therefore, to limit losses and enhance productivity, industries are implementing and integrating captive power plants in their premises to procure reliable power supply at all times.
Ability of captive power units to minimize overall costs of companies to bolster market growth
The installation of captive power units helps industries to minimize their electricity costs. C. Power utility companies charge premium prices to industrial consumers for peak-hour power consumption. This raises operating expenses incurred to these consumers. However, a captive power plant, if used in conjunction with a utility grid, helps in saving these costs by providing excess power and limiting power withdrawal from the utility grid.

Global & Regional Captive Power Plant Market- Segmental assessment

By Fuel
• Coal
• Diesel
• Natural Gas
• Solar
• Others

The coal segment is poised to amass notable gains over the stipulated timeline since it is known for generating one third of the world’s electricity.

By End-use Industry
• Cement
• Petrochemical
• Steel
• Paper
• Textile
• Sugar
• Pharma
• Metals & Minerals
• Others

The steel segment is anticipated to generate significant returns by 2030 since it is a large scale manufacturing industry and requires continuous and reliable power supply.

Global & Regional Captive Power Plant Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over the stipulated timeframe of 2022-2030. This is attributable to the rise in the number of industries, growing R&D investments in the field, and widespread technological advancements.

Global & Regional Captive Power Plant Market- Competitive landscape
The prominent players characterizing the competitive terrain of this business vertical are Thermax Limited, Lloyds Metals and Energy Limited, Kohler Co. (Clarke Energy), Wärtsilä, Cethar Energy, MAN Energy Solutions, Welspun Group, Alsons Power Group, Rolls-Royce plc, Siemens Energy, Hindustan Zinc, Jindal Steel & Power Limited, GE, and Others.
Notably, in February 2019, Korangi Industrial Plant inked an agreement with Power Station Pvt. Ltd for the development of a captive power plant for electricity supply to the industrial park of the former.

Report scope
Global & Regional Captive Power Plant Market : Historical Trends- 2018-2021
Global & Regional Captive Power Plant Market : Forecast Years- 2022-2030
Global & Regional Captive Power Plant Market : 2020- USD 494.7 billion
Global & Regional Captive Power Plant Market : CAGR- 5.3%
Global & Regional Captive Power Plant Market : 2030- USD 823.1 billion

Key segments reported-
• By Fuel (Coal, Diesel, Natural Gas, Solar, and Others)
• By End-use Industry (Cement, Petrochemical, Steel, Paper, Textile, Sugar, Pharma, Metals & Minerals, and Others)

Major countries and regions reported-
• North America (US, Canada, Mexico)
• Europe (UK, Germany, Spain, Italy, France, Russia)
• Asia-pacific (India, China, Japan, Australia, South Korea)
• Latin America (Argentina, Colombia, Brazil)
• Middle East and Africa (UAE, Saudi Arabia, South Africa)

Top players profiled- Thermax Limited, Lloyds Metals and Energy Limited, Kohler Co. (Clarke Energy), Wärtsilä, Cethar Energy, MAN Energy Solutions, Welspun Group, Alsons Power Group, Rolls-Royce plc, Siemens Energy, Hindustan Zinc, Jindal Steel & Power Limited, GE, and Others.