Captive Power Generation Market Analysis
Market Research Future (MRFR) projects the
global captive power generation market to register a 5.61% CAGR from 2020 to 2027 (forecast period).
Captive power generation is the generation of electricity which is managed by an industrial and commercial energy user for their energy consumption. Gas turbine plants, cogeneration plants, diesel engine plants, and wind and hydro plants are the four types of captive power generation plants.
The growing energy-intensive industries in developing countries are one of the key factors driving the growth of the global captive power generation industry. Furthermore, the presence of the element of cross-subsidy in power tariffs and an increase in the per-unit cost of power generation is expected to contribute to the growth of the captive power generation industry. Furthermore, the industrial sector consumes approximately 54% of the total energy produced globally. Due to the increasing demand for manufa
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