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Captive Power Generation Market in India 2019-2023

Captive Power Generation Market in India 2019-2023

About this market

Increasing adoption of cogeneration plants to drive market growth. Cogeneration plants, also known as combined heat and power (CH P) or distributed generation, produce two or more forms of energy from a single source of fuel simultaneously. Such plants offer higher efficiency rates compared with single-generation plants. The key advantage of cogeneration plants is that they produce additional energy using the waste heat from components such as exhausts of the manufacturing plant to provide electricity and heat for the power plants. Technavio’s analysts have predicted that the captive power generation market in India will register a CAGR of over 5% by 2023.

Market Overview

High industrial power tariff

Electricity is a critical input in every industry, especially in the manufacturing industry. Electricity costs have a substantial effect across the process value chain of the manufacturers and their final products. The high-cost tariffs generally have a negative impact on all the industries that rely on electricity inputs as they increase the competition between domestic manufacturers and international manufacturers. Additionally, it results in passing on the price increment to the end-users, thereby resulting in hiked prices of the manufactured commodities.

Shortage of coal for captive power generation

The captive power generation market in India is heavily dependent on coal, and it accounts for the majority of the fuel used for captive power generation in India. Captive power plant operators have been experiencing a shortage of coal due to factors such as the government's plan of prioritizing the supply of coal for its power production utilities. The shortage of coal adversely affects the operations and jeopardizes the production of various end-products such as steel, cement, aluminum. and fertilizers.

For the detailed list of factors that will drive and challenge the growth of the captive power generation market in India during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Essar Steel and Hindalco the competitive environment is quite intense. Factors such as the increasing adoption of cogeneration plants and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to captive power generation manufactures. Bharat Heavy Electricals, Essar Steel, Hindalco, Jindal Steel & Power, and Reliance Industries are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electricity capacity market
      • Table Segments of global electricity capacity market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Country market: Size and forecast 2018-2023 (MW)
      • Table Country market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Metals and minerals - Market size and forecast 2018-2023
      • Table Metals and minerals - Market size and forecast 2018-2023 (MW)
      • Table Metals and minerals - Year-over-year growth 2019-2023 (%)
    • Petrochemicals - Market size and forecast 2018-2023
      • Table Petrochemicals - Market size and forecast 2018-2023 (MW)
      • Table Petrochemicals - Year-over-year growth 2019-2023 (%)
    • Cement - Market size and forecast 2018-2023
      • Table Cement - Market size and forecast 2018-2023 (MW)
      • Table Cement - Year-over-year growth 2019-2023 (%)
    • Sugar - Market size and forecast 2018-2023
      • Table Sugar - Market size and forecast 2018-2023 (MW)
      • Table Sugar - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (MW)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by fuel source
    • Table Fuel source - Market share 2018-2023 (%)
    • Comparison by fuel source
      • Table Comparison by fuel source
    • Coal - Market size and forecast 2018-2023
      • Table Coal - Market size and forecast 2018-2023 (MW)
      • Table Coal - Year-over-year growth 2019-2023 (%)
    • Diesel - Market size and forecast 2018-2023
      • Table Diesel - Market size and forecast 2018-2023 (MW)
      • Table Diesel - Year-over-year growth 2019-2023 (%)
    • Gas - Market size and forecast 2018-2023
      • Table Gas - Market size and forecast 2018-2023 (MW)
      • Table Gas - Year-over-year growth 2019-2023 (%)
    • Renewables - Market size and forecast 2018-2023
      • Table Renewables - Market size and forecast 2018-2023 (MW)
      • Table Renewables - Year-over-year growth 2019-2023 (%)
    • Market opportunity by fuel source
      • Table Market opportunity by fuel source
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing adoption of cogeneration plants
    • Changes in regulations for captive power generation projects
    • Shift toward renewable energy sources
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bharat Heavy Electricals
      • Table Bharat Heavy Electricals - Vendor overview
      • Table Bharat Heavy Electricals - Business segments
      • Table Bharat Heavy Electricals - Organizational developments
      • Table Bharat Heavy Electricals - Geographic focus
      • Table Bharat Heavy Electricals - Segment focus
      • Table Bharat Heavy Electricals - Key offerings
    • Essar Steel
      • Table Essar Steel - Vendor overview
      • Table Essar Steel - Business segments
      • Table Essar Steel - Geographic focus
      • Table Essar Steel - Key offerings
    • Hindalco
      • Table Hindalco - Vendor overview
      • Table Hindalco - Business segments
      • Table Hindalco - Geographic focus
      • Table Hindalco - Segment focus
      • Table Hindalco - Key offerings
    • Jindal Steel & Power
      • Table Jindal Steel & Power - Vendor overview
      • Table Jindal Steel & Power - Business segments
      • Table Jindal Steel & Power - Organizational developments
      • Table Jindal Steel & Power - Geographic focus
      • Table Jindal Steel & Power - Segment focus
      • Table Jindal Steel & Power - Key offerings
    • Reliance Industries
      • Table Reliance Industries - Vendor overview
      • Table Reliance Industries - Business segments
      • Table Reliance Industries - Organizational developments
      • Table Reliance Industries - Geographic focus
      • Table Reliance Industries - Segment focus
      • Table Reliance Industries - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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