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(IT-NEWSWIRE.COM, April 14, 2018 ) Market research analysts at Publisher predict that the global distributed energy generation market will grow steadily during the next four years and post a CAGR of more than 11% by 2020. This market research analysis identifies the changes in grid structure that allow decentralization of power generation as one of the primary growth factors for the distributed power generation market. With the introduction of smart grids and the expansion of power generation resources, the power generation system has witnessed significant changes in the recent years. Moreover, with global warming becoming one of the major concerns, several countries are focusing on the need for clean, affordable, and reliable energy supply. This in turn, compels utilities and energy companies to generate power using low or no carbon fuels, which demand the need for changes in the grid structure. These changes will result in increasing the complexities of grid operation and energy companies will soon start adopting energy management systems to gain a greater insight of their power network in real time.
The exponential growth of the telecom sector owing to the rise in number of mobile subscribers, will induce telecom operators to install new base transceiver stations (BTS). This will result in the installation of base stations in remote locations where unreliable grid connections demand the usage of diesel generators. Since, diesel accounts for almost 40% of the total operating costs, telecom operators will start adopting distributed energy systems such as microturbines and solar hybrid power systems.
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Competitive landscape and key vendors
The market is characterized by the presence of numerous vendors and appears to be fragmented. Since the market’s competitive environment is intense, vendors are currently focusing on increasing their R&D investments to improve the efficiency of their products and reduce the per MW cost of microturbines. Vendors with a huge capital and a wide product portfolio cater to the needs of several industries, whereas small and regional vendors focus on providing efficient solutions to specific industrial sectors.
The leading vendors in the market are -
Ansaldo Energia
Ballard Power Systems
Bloom Energy
Capstone Turbine
First Solar
The other prominent vendors in the market are Acal, Acumentrics, Aisin Seiki, Altergy, Ceramic Fuel Cells, Ceres Power, Delphi Automotive, DMFCC (Subsidiary of VIASPACE), Doosan Fuel Cell, Electrochem, EnergyOR Technologies, Enocell, FuelCell Energy, FUELCELLSETC, GE, 2 Logic, Horizon Fuel Cell Technologies, Hydrogenics, Intelligent Energy, Johnson Matthey Fuel Cells, Kingspan Environmental, Kyocera, LG Fuel Cell Systems, Micro Turbine Tech BV (MTT), Mitsubishi Heavy Industries, Neah Power Systems, Oorja Protonics, Panasonic, Plug Power, Redox Power Systems, Shanghai EverPower Technologies, Siemens, Symbio FCell, Toshiba, Ultra Electronics, Wilson Solarpower, Wuxi Suntech Power, and Yingli Solar.
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Segmentation by technology and analysis of the distributed energy generation market
Solar photovoltaic (PV)
Combines heat and power (CHP)
Fuel cells
Micro turbines
Wind
According to this market research and analysis, the solar PV segment will dominate the market throughout the next four years. Owing to the declining costs of solar photo voltaic cells, the recent years witnessed a significant increase in the installation of solar PVs. The deployment of large-scale solar PV hybrid plants as off-grid power systems in several developing countries such as Indonesia, Kenya, Peru, and Bangladesh, will fuel the growth of the distributed electricity generation market in this segment.
Geographical segmentation and analysis of the distributed energy generation market
Americas
APAC
EMEA
Complete Report is Available at: http://www.reportsweb.com/global-distributed-energy-generation-market-2016-2020
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