The global distributed energy generation (DEG) market size is
expected to reach USD 573.7 billion by 2025, according to a new report by Grand
View Research, Inc., registering a CAGR of 15.0% during the forecast period.
Owing to their environmental benefits, preference for DEG systems will be
higher as compared to conventional energy systems.
DEG eliminates the need for building a
transmission capacity that reduces the line cost. In addition, low prices of
DEG compared to conventional energy generation are anticipated to provide a
fillip to the market. Moreover, innovations in DEG technologies, such as
floating solar photovoltaic, is likely to propel the market. Decreasing cost of
solar PVs is playing an instrumental role in the development of the market.
Feed-in tariffs in regions including Asia Pacific, Europe, and North America
are poised to stoke the growth of the market.
E.ON SE; Vestas Wind Systems A/S;
Capstone Turbine Corporation; Caterpillar Power Plants; Ballard Power Systems
Inc.; Doosan Fuel Cell America; FuelCell Energy Inc.; Rolls-Royce Power Systems
AG; Sharp Corporation; Suzlon Energy Limited; General Electric (GE); First
Solar; SIEMENS AG; Toyota Turbine and Systems Inc.; and ENERCON GMBH are some
of the major players in DEG market.
Browse full research report on Distributed Energy Generation (DEG)
Market: https://www.grandviewresearch.com/industry-analysis/distributed-energy-generation-industry
Further key findings from the report suggest:
- The
wind turbine segment accounted for revenue share of over 29.0% in 2016.
Factors such as high efficiency, redundant safety, and quiet operation are
the key characteristics projected to contribute to the growth of the wind
turbine segment over the forecast period
- In
2016, solar photovoltaic accounted for 21.0% of the overall market volume
and is expected to register a CAGR of 16.8% during the forecast period.
The growth of the segment can be attributed to decrease in its prices,
which has increased the local utilization, thereby enabling the switch
from traditional energy sources
- Supportive
regulations and favorable government policies such as net metering are
likely to increase the number of DEG installations for residential
applications in rural and underdeveloped areas
- Several
countries are committed to reducing carbon emissions under the Kyoto
protocol, which is driven by the European Union. A number of countries
have switched to renewable energy generation
- Regional
expansion and R&D are the key strategies adopted by major market
players to strengthen their position. Companies in the market are
continuously trying to innovate and develop new technologies
- In
July 2015, Ballard Power Systems entered into an agreement with AkzoNobel
to provide one-megawatt ClearGen fuel cell distributed generation system
for Hydrogène de France (HDF) to generate electricity and supply it to
local grid.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/distributed-energy-generation-industry/request/rs1
Grand View Research has segmented the global distributed energy
generation (DEG) market on the basis of technology, application, and region:
Distributed Energy Generation (DEG) Technology Outlook (Volume,
Megawatts; Revenue, USD Million, 2014 - 2025)
- Wind
Turbine
- Reciprocating
Engines
- Fuel
Cells
- Solar
Photovoltaic
- Gas
& Steam Turbines
Distributed Energy Generation (DEG) Application Outlook (Volume,
Megawatts; Revenue, USD Million, 2014 - 2025)
- Residential
- Commercial
& Industrial
Distributed Energy Generation (DEG) Regional Outlook (Volume,
Megawatts; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- Italy
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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