Distributed Generation Market – Strengthening Demand for Effective Drives Market 2021 | Key Players Siemens AG, General Electric (U.S.), Schneider Electric SE

Power is generated on-site at the point of use, which is known as distributed generation. Large loads benefit from distributed generation because it gives reserved additional capacity, enough power for the full load, and sufficient redundancy for maintenance. Furthermore, distributed energy generation provides improved performance, dependability, and power quality, all of which could have a favourable impact on the distributed generation market.

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In 2016, solar PV had the biggest share of the distributed generation market, and this dominance is expected to continue throughout the projection period. The falling cost of solar photovoltaic cells has resulted in a rise in the number of solar PV installations around the world. According to the Solar Energy Industries Association (SEIA), the United States built 2,031 megawatts (MW) of solar PV in 2017, bringing the total installed capacity to 49.3 gigawatts (GW), enough to power 9.5 million American households.

Distributed Generation Market: Competitive Background

Some of the leading players in the distributed generation market are Siemens AG, General Electric (U.S.), Schneider Electric SE, Mitsubishi Motors Corporation, and Capstone, Activ Solar GmbH, Ballard Power Systems Inc., Fortis Wind Energy, GE Power & Water, Juwi Inc., Sharp Corporation, Cummins Inc. (U.S.), Caterpillar Inc. (U.S.).

Key Developments:

Year 2019: Contracts/Agreements; In July, Schneider and EM-ONE Energy Solutions entered into an agreement to produce and distribute solar mini grids in Nigeria.
Year 2018: Acquisitions/Mergers/Takeovers; In August 2018, Mitsubishi announced to acquire ASTES4 SA (ASTES4), a Switzerland company.

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Distributed Generation Market Taxonomy

On basis of technology the distributed generation market is segmented into

Wind
Solar Photovoltaic
Microturbines
Gas Turbines
Fuel Cells
Reciprocating Engines
On basis of application distributed generation market is segmented into

On-grid
Off-grid

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