The North America Captive Power Generation Market would witness market growth of 4.0% CAGR during the forecast period (2022-2028).
When there is no power supply from the distribution utility, captive electricity can also be employed. Therefore, backup diesel engines can be employed to provide captive power in the event of load shedding. Other benefits, like lower wheeling and banking fees, net metering, and carbon offsets under the captive power mechanism, are also available to captive generators powered by renewable sources.
The goal for which the business is being set up determines the sort of load. Steel and aluminium are heavy load sectors with high energy needs, but they already have access to coal. Such companies employ thermal captive coal-based units. Since bagasse is the byproduct of the sugar-producing process, biomass is frequently used as fuel in sugar mills. Cogeneration is another method that may be used if industrial processes additionally need steam in addition to electricity.
The textile industry is one such example, where the leftover heat from a boiler system can be applied to additional industrial procedures. Another common solution that many industries with lower load requirements employ is diesel generators. Diesel generators are most reliable as standalone power sources and have the advantage of being able to run without an auxiliary power source. However, diesel fuel is sometimes expensive and polluting.
Electricity prices are increasingly becoming higher in regional countries. According to the United States Energy Information Administration, the average nominal retail price of electricity paid by U.S. residential electric customers increased at the fastest rate since 2008 in 2021, rising 4.3% from 2020 to 13.72 cents per kilowatt-hour (kWh). This rise is comparable to the 4.7% change in the US Consumer Price Index in 2021. The cost of fuels for electricity generation, particularly natural gas, as well as prices for the majority of energy commodities all increased dramatically in 2021, which contributed to an increase in electricity costs.
The US market dominated the North America Captive Power Generation Market by Country in 2021; thereby, achieving a market value of $171.5 billion by 2028. The Canada market is estimated to grow at a CAGR of 6.4% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 5.4% during (2022 - 2028).
Based on End User, the market is segmented into Industrial, Commercial, and Residential. Based on Fuel Type, the market is segmented into Coal, Gas, Diesel, and Others. Based on Technology Type, the market is segmented into Gas Engines, Transformers, Turbines, Heat Exchanger, and Others. Based on Ownership, the market is segmented into Multiple and Single. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Captive Power Generation Market is Predict to reach $691.4 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, General Electric (GE) Co., Kohler Co., Reliance Industries Limited, Hindalco Industries Ltd. (Aditya Birla Management Corporation Pvt. Ltd.), ArcelorMittal S.A., Wärtsilä Corporation
Scope of the Study
Market Segments Covered in the Report:
By End User
- Industrial
- Commercial
- Residential
By Fuel Type
By Technology Type
- Gas Engines
- Transformers
- Turbines
- Heat Exchanger
- Others
By Ownership
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- General Electric (GE) Co.
- Kohler Co.
- Reliance Industries Limited
- Hindalco Industries Ltd. (Aditya Birla Management Corporation Pvt. Ltd.)
- ArcelorMittal S.A.
- Wärtsilä Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Captive Power Generation Market, by End User
1.4.2 North America Captive Power Generation Market, by Fuel Type
1.4.3 North America Captive Power Generation Market, by Technology Type
1.4.4 North America Captive Power Generation Market, by Ownership
1.4.5 North America Captive Power Generation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Captive Power Generation Market by End User
3.1 North America Industrial Market by Country
3.2 North America Commercial Market by Country
3.3 North America Residential Market by Country
Chapter 4. North America Captive Power Generation Market by Fuel Type
4.1 North America Coal Market by Country
4.2 North America Gas Market by Country
4.3 North America Diesel Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Captive Power Generation Market by Technology Type
5.1 North America Gas Engines Market by Country
5.2 North America Transformers Market by Country
5.3 North America Turbines Market by Country
5.4 North America Heat Exchanger Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Captive Power Generation Market by Ownership
6.1 North America Multiple Market by Country
6.2 North America Single Market by Country
Chapter 7. North America Captive Power Generation Market by Country
7.1 US Captive Power Generation Market
7.1.1 US Captive Power Generation Market by End User
7.1.2 US Captive Power Generation Market by Fuel Type
7.1.3 US Captive Power Generation Market by Technology Type
7.1.4 US Captive Power Generation Market by Ownership
7.2 Canada Captive Power Generation Market
7.2.1 Canada Captive Power Generation Market by End User
7.2.2 Canada Captive Power Generation Market by Fuel Type
7.2.3 Canada Captive Power Generation Market by Technology Type
7.2.4 Canada Captive Power Generation Market by Ownership
7.3 Mexico Captive Power Generation Market
7.3.1 Mexico Captive Power Generation Market by End User
7.3.2 Mexico Captive Power Generation Market by Fuel Type
7.3.3 Mexico Captive Power Generation Market by Technology Type
7.3.4 Mexico Captive Power Generation Market by Ownership
7.4 Rest of North America Captive Power Generation Market
7.4.1 Rest of North America Captive Power Generation Market by End User
7.4.2 Rest of North America Captive Power Generation Market by Fuel Type
7.4.3 Rest of North America Captive Power Generation Market by Technology Type
7.4.4 Rest of North America Captive Power Generation Market by Ownership
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 General Electric (GE) Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 Kohler Co.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.4 Reliance Industries Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expenses
8.5 Hindalco Industries Ltd. (Aditya Birla Management Corporation Pvt. Ltd.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.6 ArcelorMittal S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.7 Wärtsilä Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
TABLE 1 North America Captive Power Generation Market, 2018 - 2021, USD Million
TABLE 2 North America Captive Power Generation Market, 2022 - 2028, USD Million
TABLE 3 North America Captive Power Generation Market by End User, 2018 - 2021, USD Million
TABLE 4 North America Captive Power Generation Market by End User, 2022 - 2028, USD Million
TABLE 5 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Captive Power Generation Market by Fuel Type, 2018 - 2021, USD Million
TABLE 12 North America Captive Power Generation Market by Fuel Type, 2022 - 2028, USD Million
TABLE 13 North America Coal Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Coal Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Gas Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Gas Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Diesel Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Diesel Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Captive Power Generation Market by Technology Type, 2018 - 2021, USD Million
TABLE 22 North America Captive Power Generation Market by Technology Type, 2022 - 2028, USD Million
TABLE 23 North America Gas Engines Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Gas Engines Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Transformers Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Transformers Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Turbines Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Turbines Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Heat Exchanger Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Heat Exchanger Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Captive Power Generation Market by Ownership, 2018 - 2021, USD Million
TABLE 34 North America Captive Power Generation Market by Ownership, 2022 - 2028, USD Million
TABLE 35 North America Multiple Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Multiple Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Single Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Single Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Captive Power Generation Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Captive Power Generation Market by Country, 2022 - 2028, USD Million
TABLE 41 US Captive Power Generation Market, 2018 - 2021, USD Million
TABLE 42 US Captive Power Generation Market, 2022 - 2028, USD Million
TABLE 43 US Captive Power Generation Market by End User, 2018 - 2021, USD Million
TABLE 44 US Captive Power Generation Market by End User, 2022 - 2028, USD Million
TABLE 45 US Captive Power Generation Market by Fuel Type, 2018 - 2021, USD Million
TABLE 46 US Captive Power Generation Market by Fuel Type, 2022 - 2028, USD Million
TABLE 47 US Captive Power Generation Market by Technology Type, 2018 - 2021, USD Million
TABLE 48 US Captive Power Generation Market by Technology Type, 2022 - 2028, USD Million
TABLE 49 US Captive Power Generation Market by Ownership, 2018 - 2021, USD Million
TABLE 50 US Captive Power Generation Market by Ownership, 2022 - 2028, USD Million
TABLE 51 Canada Captive Power Generation Market, 2018 - 2021, USD Million
TABLE 52 Canada Captive Power Generation Market, 2022 - 2028, USD Million
TABLE 53 Canada Captive Power Generation Market by End User, 2018 - 2021, USD Million
TABLE 54 Canada Captive Power Generation Market by End User, 2022 - 2028, USD Million
TABLE 55 Canada Captive Power Generation Market by Fuel Type, 2018 - 2021, USD Million
TABLE 56 Canada Captive Power Generation Market by Fuel Type, 2022 - 2028, USD Million
TABLE 57 Canada Captive Power Generation Market by Technology Type, 2018 - 2021, USD Million
TABLE 58 Canada Captive Power Generation Market by Technology Type, 2022 - 2028, USD Million
TABLE 59 Canada Captive Power Generation Market by Ownership, 2018 - 2021, USD Million
TABLE 60 Canada Captive Power Generation Market by Ownership, 2022 - 2028, USD Million
TABLE 61 Mexico Captive Power Generation Market, 2018 - 2021, USD Million
TABLE 62 Mexico Captive Power Generation Market, 2022 - 2028, USD Million
TABLE 63 Mexico Captive Power Generation Market by End User, 2018 - 2021, USD Million
TABLE 64 Mexico Captive Power Generation Market by End User, 2022 - 2028, USD Million
TABLE 65 Mexico Captive Power Generation Market by Fuel Type, 2018 - 2021, USD Million
TABLE 66 Mexico Captive Power Generation Market by Fuel Type, 2022 - 2028, USD Million
TABLE 67 Mexico Captive Power Generation Market by Technology Type, 2018 - 2021, USD Million
TABLE 68 Mexico Captive Power Generation Market by Technology Type, 2022 - 2028, USD Million
TABLE 69 Mexico Captive Power Generation Market by Ownership, 2018 - 2021, USD Million
TABLE 70 Mexico Captive Power Generation Market by Ownership, 2022 - 2028, USD Million
TABLE 71 Rest of North America Captive Power Generation Market, 2018 - 2021, USD Million
TABLE 72 Rest of North America Captive Power Generation Market, 2022 - 2028, USD Million
TABLE 73 Rest of North America Captive Power Generation Market by End User, 2018 - 2021, USD Million
TABLE 74 Rest of North America Captive Power Generation Market by End User, 2022 - 2028, USD Million
TABLE 75 Rest of North America Captive Power Generation Market by Fuel Type, 2018 - 2021, USD Million
TABLE 76 Rest of North America Captive Power Generation Market by Fuel Type, 2022 - 2028, USD Million
TABLE 77 Rest of North America Captive Power Generation Market by Technology Type, 2018 - 2021, USD Million
TABLE 78 Rest of North America Captive Power Generation Market by Technology Type, 2022 - 2028, USD Million
TABLE 79 Rest of North America Captive Power Generation Market by Ownership, 2018 - 2021, USD Million
TABLE 80 Rest of North America Captive Power Generation Market by Ownership, 2022 - 2028, USD Million
TABLE 81 Key Information – Siemens AG
TABLE 82 KEY INFORMATION – General Electric (GE) Co.
TABLE 83 Key information – Kohler Co.
TABLE 84 Key Information – Reliance Industries Limited
TABLE 85 Key Information – Hindalco Industries Ltd.
TABLE 86 key Information – ArcelorMittal S.A.
TABLE 87 Key Information – Wärtsilä Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Siemens AG
FIG 3 Recent strategies and developments: Hindalco Industries Ltd.