Press release
Distributed Generation Market Growth Opportunities, Key Driven Factors, Market Highlights Forecast to 2023
Distributed generation is mostly run on renewable sources of energy, which reduces the dependency on conventional sources of energy for generating electrical power. Distributed generation system also supports the grid during peak hours. Additionally, the resouces are mostly located close to the load area, reducing losses during transmission. Wind energy is a major segment in this market and is estimated to grow at a phenomenol rate during the forecast period.
Based on technology, the market is segmented as geothermal, solar, wind, biogas, fuel cells, and others. Solar segment is estimated to dominate the market during the forecast period due to the declining cost of installing these systems. Considering the application, the market is segmented as standalone off-grid systems, battery based on-grid systems and battery less on-grid systems. Battery based on-grid systems are estimated to dominate the market during the forecast period as surplus energy is not wasted is this system and the grid always has the required energy. Based on end-use, the market is segmented as residential, industrial and commercial.
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Market Research Analysis
Europe accounts for the largest market share whereas Asia-Pacific is the fastest growing region.
Region wise, Europe held the largest market share of the global distributed generation market in 2017. It is estimated that Europe region will continue to dominate the market during the forecast period, mainly due to the rising demand for renewable sources of energy. The region has more than 100 geothermal plants producing about 15 TWh of electrical power in 2016. North America is the second largest market, with distributed generation system amounting to about a sixth of the total energy used in the US. It has been estimated that Asia-Pacific region will grow at the highest rate during the forecast period.
GLOBAL DISTRIBUTED GENERATION MARKET 2018-2023
Scope of the Report
This report provides an in-depth analysis of the global distributed generation market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the distributed generation system market by its technology type, application type, end-use type and by region.
By Technology Type
Geothermal
Solar
Wind
Biogas
Fuel Cells
Small Hydro
Others
By Application Type
Standalone Off-Grid Systems
Battery Based On-Grid Systems
Battery less On-Grid Systems
By End-Use Type
Residential
Industrial
Commercial
By Regions
North America
Asia-Pacific
Europe
Rest of the World
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Key Players
The key players of the global distributed generation market are General Electric Company (US), Ansaldo Energia (Italy), Bloom Energy (US), Schneider Electric SE (France), Caterpillar Inc. (US), Siemens AG (Germany), Mitsubishi Heavy Industries,Ltd (Japan), Fuel Cell Energy Inc (US), Cummins Inc (US), and Bergey Windpower (US).
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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