In a recently published report, Global Captive Power Plant Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Captive Power Plant Market products.
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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.
The captive power plant is a power plant built with the purpose of providing a localized source of electrical power. The plant may also supply its surplus power to the main grid or may operate in island mode, i.e., not connected to the main grid. The primary rationale behind the construction of increasing the reliability of electrical power, reduction in costs of generating power, a better environmental performance due to increased efficiency and so on.
End-User/Technology
The end users of this technology are the major industries which cannot take the risk due to their highly crucial operations which may be affected during the peak demand periods. Due to such disruptions, they may have to bear huge losses. Also, the rates for industries are different as compared to that for the general public. Thus, installation of this type of plant can ensure lower costs and hence better profit margins.
The captive power plants use similar technology as the full-scale power plants, only at a smaller scale. They comprise of components like generator, transformer, turbine, boiler and heat exchanger. Also, they may use different types of fuel like the conventional sources like coal or the upcoming renewable sources of energy which are cleaner.
Market Dynamics
With the rapid growth in industries, the industries are aiming to gain a competitive advantage by means of ensuring lower costs and economies of scale. Also, there is a need for better reliability of power in these industries due to increasing demand on the main grid.
Moreover, the demand from developing economies is expected to show a positive growth trajectory. Therefore, the captive power plant market has huge growth prospects depending on the extent of affordability and sustainability in case of the fuel used.
Market Segmentation
The captive power plant market can be segmented on the basis of the technology employed. Another factor that can be used is the type of fuel employed. The type of application can also be used as a factor for segmentation.
Another aspect that can be considered for segmentation is the geography as this affects the availability and affordability of land for construction of the plant and the availability of crucial resources like water for functioning in the vicinity. Also, the reliability of power may vary depending on the regions.
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Regional/Geographic Analysis
Captive power plants have an impressive level of penetration in the developed economies. However, the developed economies are now moving towards non-conventional sources of energy to ensure sustainability. However, the developing economies, especially in South East Asia also have a significant usage of captive power plants due to the presence of industries manufacturing steel, aluminium and copper.
Opportunities
The captive power plant market has a satisfactory demand. However, the industries towards ensuring sustainability and therefore, the research towards using non-conventional energy sources are expected to reap better and reliable benefits in the long run.
Key Players
Some prominent players in the market are GE, Siemens, ABB, Kirloskar, and Clarke Energy.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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