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Released June 13, 2022 | new delhi
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Researched by Industrial Info Resources (Sugar Land, Texas)--Captive power plants (CPPs) are used and maintained by a commercial or an industrial energy user for their own energy consumption. They mainly are used by power-intensive industries where quality and continuity of energy supply are imperative, such as chemical plants, steel plants and aluminum smelters.
The captive power plant market is on the verge of growing in upcoming years, especially in the Middle East and Africa, which are considered the fastest-growing markets. The three major elements that are boosting the installation of CPPs are the unreliability of the power supply, particularly in underdeveloped and developing regions, the secluded locations of some of these industries and lower costs.
The extension of energy-intensive factories in African regions such as Angola, Ghana, and Nigeria is expected to provide a great opportunity for CPP equipment producers and developers in the forthcoming years. To remain competitive and to function fluidly, industries require a reliable and steady power supply.
Industrial Info is tracking eight CPP projects valued at US$542 million for Africa's Chemical Processing Industry. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the detailed reports. The major investment to install CPP plants has been made by Office Cherifien Des Phosphates (Casablanca, Morocco), followed by Societe Nationale des Hydrocarbures (Yaounde, Camaroon).
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
The captive power plant market is on the verge of growing in upcoming years, especially in the Middle East and Africa, which are considered the fastest-growing markets. The three major elements that are boosting the installation of CPPs are the unreliability of the power supply, particularly in underdeveloped and developing regions, the secluded locations of some of these industries and lower costs.
The extension of energy-intensive factories in African regions such as Angola, Ghana, and Nigeria is expected to provide a great opportunity for CPP equipment producers and developers in the forthcoming years. To remain competitive and to function fluidly, industries require a reliable and steady power supply.
Industrial Info is tracking eight CPP projects valued at US$542 million for Africa's Chemical Processing Industry. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the detailed reports. The major investment to install CPP plants has been made by Office Cherifien Des Phosphates (Casablanca, Morocco), followed by Societe Nationale des Hydrocarbures (Yaounde, Camaroon).
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
