Market Size of Captive Power Plant Industry
| Study Period | 2020-2029 |
| Market Size (2024) | USD 214.12 Billion |
| Market Size (2029) | USD 292.14 Billion |
| CAGR (2024 - 2029) | 6.41 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Captive Power Plant Market Analysis
The Captive Power Plant Market size in terms of Equal-6.41 is expected to grow from USD 214.12 billion in 2024 to USD 292.14 billion by 2029, at a CAGR of 6.41% during the forecast period (2024-2029).
- Over the medium term, though the power generation industry is well-established in most countries, the limitations that the utilities have to provide high-quality power round the clock to the industrial users force the industries to establish captive power plants. Moreover, the remote location 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 captive power plants.
- On the other hand, high capital and operational expenditures are limiting the growth of captive power plants in underdeveloped regions across the world.
- Nevertheless, the expansion of energy-intensive industries in African countries such as Nigeria, Angola, and Ghana is expected to provide a significant opportunity for captive power plant equipment manufacturers and developers in the near future.
- Asia-Pacific has dominated the captive power plant market, with the majority of the demand coming from China, India, and Japan.
