Small-scale Power Generation Market: Renewables to Witness Higher Preference over Conventional Fuels

A new research report by Transparency Market Research offers a comprehensive evaluation of the global Small-Scale Power Generation Market. The study, titled “Small-Scale Power Generation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, is available for sale on the firm’s website.

Albany, New York, July 7, 2017: A recent market research report by Transparency Market Research presents a detailed overview of the global market for small-scale power generation. The report is titled “Small-Scale Power Generation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.” The report states that as the global power industry transforms from the largely centralized, large power systems, based mostly on fossil fuels and nuclear fuels, to more distributed and decentralized systems, the market for small-scale power generation is likely to gather pace.

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A number of factors are continuously contributing to the extensive changes being witnessed in global energy systems, including stringent regulations aimed at cutting down on the emission of greenhouse gases and the increased focus on the development of the renewable power sector. The increased demand from government bodies, combined with the increased level of adoption of reformatory actions from general population, is leading to the increased integration of renewable energy sources in power grids.

Easing the way towards this transformation are the vast developments being observed in the sector of small-scale power generation. The global small-scale power generation market will be driven in the next few years owing to a mix of aforementioned factors. The market is expected to exhibit a promising pace of growth over the period between 2017 and 2025.

In terms of source of energy, the market for small-scale power generation is likely to favor the renewable energy segment owing to the vast environmental benefits and several policies encouraging the increased usage of renewables. In terms of end use sector, demand for energy from the industrial sector is projected to provide the most traction to the global small-scale power generation market over the forecast period.

From a regional standpoint, the report analyzes the market for small-scale power generation across regions such as Latin America, Middle East and Africa, Europe, North America, and Asia Pacific. Of these, the market in North America presently dominates the global market in terms of revenue contribution, with the U.S. holding a significant share in the regional market.

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Over the report’s forecast period, the Asia Pacific region is expected to lead to highly promising growth opportunities for the small-scale power generation market as emerging economies ramp up their demand for electricity to provide for the rising populations and expanding industrial and urban infrastructure. The market for small-scale power generation in regions such as Middle East and Africa is also expected to follow Asia Pacific’s lead and expand at a healthy pace over the report’s forecast period.

Some of the leading companies operating in the global small-scale power generation market are Capstone Turbine Corporation, Canyon Industries Inc., Siemens AG, First Solar, Ansaldo Energia, Mitsubishi Hitachi Power Systems Americas Inc., FuelCell Energy Inc., Yingli Solar, Ballard Power Systems, and Bloom Energy.

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