Press release
Distributed Energy Generation Systems Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis
Distributed Energy Generation Systems Market, Distributed Energy Generation Systems Market Trends,
Europe leads the distributed energy generation system market due to financial support by the local governments in the region and investments by the distributed energy generation manufacturers. The 2004/8/EC directive active from 2004 has been providing favorable business environment to the distributed energy generation system manufacturers.
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the distributed energy generation system market can be categorized as micro turbine, combined heat and power (CHP), solar photovoltaic, wind turbine, fuel cell and reciprocating engines. Micro turbine market is expected to grow with an exponential rate in the coming years due to its properties such as lightweight, small number of moving parts, low operational cost, low emission and compact size.
On the basis of applications, the distributed energy generation system market can be categorized as off grid system and on grid system. The off grid system is expensive as compared to on grid system; however, the former has an edge of having storage capacity and ability to provide continuous flow of energy.
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Some of the factors driving the growth of the distributed energy generation system market are retooled feed in tariff (fit) and government initiatives towards distributed energy generation. Climate dependent systems and high initial cost of the systems are some of the factors restraining the growth of the distributed energy generation system market. However; the prices of distributed energy generation system is expected to decline in the coming years, which in turn can offset the other restraints prevailing in this market.
The major competitors in the distributed energy generation system market include Cargo & Kraft Turbin Sverige AB, Ballard Power Systems Inc., Gilbert Gilkes & Gordon Ltd., Siemens AG, Mitsubishi Power Systems Americas Inc., Fuel Cell Energy, Inc., Calnetix Technologies, LLC, Toyota Turbine and Systems Inc.
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