Captive Power Generation Market In India 2024-2028
The captive power generation market in India is forecasted to grow by USD 7.81 bn during 2023-2028, accelerating at a CAGR of 7.6% during the forecast period. The report on the captive power generation market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high industrial power tariffs, sale of excess power to open-access trading, and development of smart cities and industrial corridors.
Technavio's captive power generation market in India is segmented as below:
By End-user
- Metals and minerals
- Sugar
- Cement
- Petrochemicals
- Others
By Fuel Type
By Ownership
This study identifies the increasing adoption of cogeneration plants as one of the prime reasons driving the captive power generation market in India growth during the next few years. Also, changes in regulations for captive power generation projects and shift toward renewable energy sources will lead to sizable demand in the market.
The report on the captive power generation market in India covers the following areas:
- Captive power generation market in India sizing
- Captive power generation market in India forecast
- Captive power generation market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading captive power generation market in India vendors that include Aditya Birla Management Corp. Pvt. Ltd., Ambuja Cements Ltd., Bharat Heavy Electricals Ltd., Dalmia Bharat Group, Essar Global Fund Ltd., General Electric Co., Infosys Ltd., Jindal Steel and Power Ltd., Larsen and Toubro Ltd., National Aluminium Co. Ltd., Reliance Industries Ltd., Tata Power Co. Ltd., Thermax Ltd., Vedanta Ltd, Visa Steel Ltd., DCM Shriram Ltd., Ducon Infratechnologies Ltd., Jakson Group, Lloyds Metals and Energy Ltd., and UltraTech Cement Ltd.. Also, the captive power generation market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.