Captive Power Generation Market to Reach $823.1 Bn, Globally, by 2030 at 5.3% CAGR: Allied Market Research

Rise in investment in renewable energy resources, rapid industrialization, and technological advancements across the globe drive the growth of the global captive power generation market

News provided by

Allied Market Research

Feb 16, 2022, 08:50 ET

PORTLAND, Ore., Feb. 16, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Captive Power Generation Market by Technology Type (Heat Exchanger, Turbines, Gas Engines, Transformers, and Others), Fuel Type (Diesel, Gas, Coal, and Others), Ownership (Single and Multiple), and End Use (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global captive power generation industry was pegged at $494.7 billion in 2020, and is expected to reach $823.1 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.

Drivers, restraints, and opportunities-

Rise in investment in renewable energy resources, rapid industrialization, and technological advancements across the globe drive the growth of the global captive power generation market. However, high installation costs and technological complexities of captive power generation restrain the growth to some extent. On the other hand, rapid development of infrastructure and investment of developing countries in renewable energy power generation isexpected to create lucrative opportunities in the industry.

Download Sample PDF (368 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/11152

COVID-19 scenario-

The global captive power generation market was severely impacted due to the outbreak of covid-19. Many industrial operations have stopped and shut down due to the imposed lockdown by various governments to curb the spread of the pandemic, this in turn decrease in the development of the captive power generation.
The reduction in construction and infrastructural development operations and shutdown of cement and iron & steel manufacturing industries had a negative impact on the market growth.

The gas engines segment held the highest share in 2020-

By equipment type, the gas engines segment contributed to more than one-third of the global captive power generation market revenue in 2020, and is projected to maintain the lion's share from 2021 to 2030. This is due to a wide range of applications and advantages of gas engines such as power generation, cogeneration, mechanical propulsion, power supply in gas power plants, and others. At the same time, the heat exchangers segment would cite the fastest CAGR of 6.0% by the end of 2030. The report also includes an analysis of turbines, transformers, and others segments.

Get detailed COVID-19 impact analysis on the Captive Power Generation Market: https://www.alliedmarketresearch.com/request-for-customization/11152?reqfor=covid

The coal segment to dominate by 2030-

By fuel type, the coal segment accounted for more than half of the global captive power generation market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the abundant availability and low cost of coal as compared to other power technologies. The diesel segment, however, would showcase the fastest CAGR of 6.4% by 2030. The rise in hospitals and data center development and rapid growth of the commercial sector drive the growth for the segment.

Asia-Pacific, followed by North America, to lead the trail in terms of revenue-

By region, Asia-Pacific, followed by North America, garnered the major share in 2020, contributing to more than two-fifths of the global captive power generation market. Moreover, this region is expected to witness the fastest CAGR of 6.4% and dominate the market during the forecast period. Rise in concern from governments across emerging nations, such as India, China, and South Korea, regarding zero carbon emission norms and rapid infrastructure development of commercial and residential buildings will provide huge potential for the development of the captive power generation market in the coming years.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/11152

Leading market players-

ArcelorMittal S.A.
General Electric Company
Siemens
ADC LLC
Hindalco
PBS Group
Wartsila
Clarke Energy
Kohler Co.
Reliance Industries

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/captive-power-generation-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenueTrial

Similar Reports We Have:

Hydropower Generation Market is projected to reach $317.8 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

Power Transformer Market is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027.

Second Generation Biofuels Market is projected to reach $54.8 billion by 2030, growing at a CAGR of 26.4% from 2021 to 2030.

Small Modular Reactor Market is projected to reach $18.8 Billion by 2030, growing at a CAGR of 15.8% from 2021 to 2030.

Renewable Energy Market is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

Bioenergy Market is expected to reach $217.8 billion by 2030, registering a CAGR of 7.6% from 2021 to 2030.

Heat Exchangers Market is expected to reach $29,316.0 million by 2026, registering a CAGR of 7.2% from 2019 to 2026.

Small Gas Engines Market is projected to reach $4.0 billion at a CAGR of 4.2% from 2021 to 2030.

Solid State Transformer Market is projected to reach $468.0 million by 2028, growing at a CAGR of 16.9% from 2021 to 2028.

Diesel Generator Market is projected to reach $37.1 billion by 2027, growing at a CAGR of 9.8% from 2020 to 2027.

Pre-Book Now with 10% Discount:

Gas Engine Market: Global Opportunity Analysis and Industry Forecast 2020-2030

Power Generation Market: Global Opportunity Analysis and Industry Forecast, 2020- 2027

Turbine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Aviation Biofuel Market: Global Opportunity Analysis and Industry Forecast, 2020-2030

Diesel Fuel Market: Global Opportunity Analysis and Industry Forecast, 2020-2030

Bio Jet Fuel Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Advanced Biofuel Market: Global Opportunities Analysis and Industry Forecast, 2020-2030

About us:

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.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter