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  6. Captive Power Generation Market in India to Reach 31.05 Gigawatts Globally by 2026 at 6.63% CAGR- Technavio – EQ Mag Pro
Captive Power Generation Market in India to Reach 31.05 Gigawatts Globally by 2026 at 6.63% CAGR- Technavio – EQ Mag Pro

Captive Power Generation Market in India to Reach 31.05 Gigawatts Globally by 2026 at 6.63% CAGR- Technavio – EQ Mag Pro

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NEW YORK : The captive power generation market share in India share is expected to increase by 31.05 gigawatts from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.63% as per the latest market report by Technavio.

The increasing adoption of cogeneration plants is a major trend supporting the captive power generation market growth in India. Heat plays an important part in a number of industries such as the fertilizer industry or the textile industry, thus making effective heat utilization important. Owing to the benefits of cogeneration plants, industries are starting to adopt the technology of captive power generation.

For instance, in April 2018, Thermax concluded a repeat order for the setting up of a Gas Turbine Generator (GTG)-cum-Heat Recovery Steam Generator (HRSG) based 50 MW cogeneration plant for a leading fertilizer company in Trombay, Maharashtra, in a deal worth $40.18 million (â¹279 crores) on an engineering, procurement, and construction (EPC) basis. Thus, the growing need for a reliable power supply, coupled with energy-efficient technologies, is expected to drive the adoption of cogeneration plants for captive power generation in India.

Technavio has announced its latest market research report titled Captive Power Generation Market in India by End-user and Fuel Type – Forecast and Analysis 2022-2026

Captive Power Generation Market in India 2022-2026: Scope
The captive power generation market in India report covers the following areas:

  • Captive Power Generation Market in India Size
  • Captive Power Generation Market in India Trends
  • Captive Power Generation Market in India Industry Analysis

Captive Power Generation Market in India 2022-2026: Vendor Analysis

The captive power generation market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Aditya Birla Management Corporation Pvt. Ltd., Ambuja Cements Ltd., Bharat Heavy Electricals Ltd., Cethar Energy Ltd., Dalmia Bharat Group, Essar Global Fund Ltd., General Electric Co., Infosys Ltd., Jindal Steel, and Power Ltd., and Reliance Industries Ltd. are among some of the major market participants.

Captive Power Generation Market in India 2022-2026: Market Dynamics

High industrial power tariffs have been instrumental in driving the growth of the market. However, a shortage of coal for captive power generation might hamper the market growth. The holistic analysis of the drivers & drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Captive Power Generation Market in India 2022-2026: Segmentation

  • End-user
  • Metals And Minerals
  • Sugar
  • Cement
  • Petrochemicals
  • Others

  • End-user
  • Coal
  • Diesel
  • Gas
  • Renewables

Captive Power Generation Market in India 2022-2026: Revenue Generating Segment

  • The captive power generation market share growth in India by the metals and minerals segment will be significant for revenue generation.
  • The extraction and production of metals and minerals consume huge amounts of energy at all stages, such as mining, chemical extraction, beneficiation, and recycling. Processes such as smelting, leaching, and electrowinning are energy-intensive processes and, thus, have high power requirements for the operations to be performed. In addition, the amount of load variation associated with the processes is very high, which affects the stability of the grid.
  • Owing to these factors, the metals and minerals end-user segment is highly dependent on captive power generation. Therefore, the growing demand for metals and minerals will drive the growth of the captive power generation market in India during the forecast period.

Get ready to achieve excellent business outcomes from this exclusive Captive Power Generation Market In India report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
  • What is the current trend taking place in the market space?
  • Which business tactics will influence competitive scenarios along with defining the market’s growth potential?
  • What are market drivers, restraints, and challenges impacting demand & growth of the market?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
  • The competitive scenario provided in the Captive Power Generation Market In India report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Captive Power Generation Market In India Forecast Report – Buy Now!

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Anand Gupta Editor - EQ Int'l Media Network