360 MARKET UPDATES Report provides a 360-degree overview of the global Captive Power Plant Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Captive Power Plant Market – Analysis of Growth, Trends and Forecasts (2018 – 2023)”
Global “Captive Power Plant Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Captive Power Plant Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Captive Power Plant Analysis.
Captive Power Plant market Report provides a 360-degree overview of the global Captive Power Plant market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Captive Power Plant Market Report Covers Leading Manufacturers: Clarke Energy Limited,Ducon Technologies Inc,Cethar Limited,Thermax Limted,SEPCO Electric Power Construction Corporation,Enmas GB Power Systems Projects Limited,L&T Power Development Limited,Samsung C & T Corporation,Wartsila Corporation,General Electric Company,Welspun India Ltd.,Vedanta Limited,Essar Energy Plc.
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A captive power plant reduces power transmission losses and provides power reliability. Certain power utilities permit the sale of extra power from this captive plant into the grid, thus making it a source of extra income for industries. These factors have made the captive power plant a popular choice for the industry developers. Since the industrial sector is one of the largest power consuming markets, this sector is likely to contribute to the growth of the captive power generation market over the next five years. Moreover, it is expected to hold a dominating market position during 2018-2023 (the forecast period).
Need for a Reliable Power Supply – Driving the Captive Power Plant Market
Though the power generation industry is well established in most countries, limitations of providing good-quality power, round the clock to the industrial users, force industries to establish captive power plants. Generally, factories are established near the sourcing point of raw materials or mines; not always there is a power plant in the vicinity. If the distance is more then, the cost of transmission has to be borne by the user, along with added expenses due to the technical loss during transmission. Therefore, factory owners try to overcome this problem by establishing a power plant dedicated to their factory in the premises. Even though the factory is able to access power from a nearby power plant, there is no assurance of power reliability. In developing countries, there is a mismatch between demand and supply of power. During peak power demand industry is always the loser, due to the demand to supply power to the public. So, captive-dedicated power source becomes a necessity for the power companies. Energy-intensive industries, like the iron & steel, aluminum, chemicals, cement, paper, and petroleum (refineries), are the major users of captive power. Remote locations of some of these industries and the unreliability of the power supply (especially in developing and underdeveloped countries) are the factors promoting the installation of these plants.
Asia-Pacific to Dominate the Market Growth
In Asia-Pacific, one of the key problems, faced by the industries in many developing as well as under-developed countries, is power availability. There is a need not just for more power generation sources, but also for a stronger grid. The major industrial giants, like India and China, are good examples of the countries with an unreliable power supply. Many countries in this region are characterized by frequent power outages (blackouts and brownouts), which can hinder the economic development. Since the Industrial sector in this region is growing rapidly, relying on the grid power has become difficult for it. These two factors are the biggest reasons behind the regionâs fastest captive power market growth.
Rising Energy-intensive Manufacturing Sector of India
In 2016, the global average annual growth rate of the energy-intensive manufacturing sector was around 3.4%, where India was the fastest with nearly 5.4% growth rate, followed by China with about 4.3%. In India, the industries, like steel, coal, chemical, textile, paper, aluminum, and cement, are the largest consumers of the electrical energy. However, at present, a number of industries are relying on their own generation (captive and cogeneration) rather than grid supply, primarily for the reasons, such as non-availability of adequate grid supply, poor quality and reliability of grid supply, high tariff as a result of heavy cross-subsidization. As of December 2017, India had about 40726 MW of the captive power generation capacity and is expected to witness a rise in the number during the forecast period.
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Reasons to Purchase Captive Power Plant Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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