The Asia-Pacific distributed power generation market has been estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. Asia-Pacific is the most important region for this industry, primarily due to the presence of large growing economies that are highly industrialized and developed. The growing economies are trying to provide 100% electrification to their villages, while the developed are aiming at grid-independence.
China, being a huge economy with high industrialization coupled with developmental projects in power systems, has made this region an area of immense potential and opportunities. India is emerging with high focus on renewable integration programs. With policies, such as the ‘National Solar Mission’, India is going to provide immense market opportunities for distributed generation. Hence, the market conditions in Asia-Pacific look favorable for the growth of distributed generation. The main concerns regarding distributed electricity generation are the reliability, safety and quality of power supply. In addition, there are high initial costs that are involved in setting up these sources of power such as wind turbines, solar PVs and micro turbines. However, these costs are one-time investments and there will be cost savings in future by not having to invest in transmission and distribution networks. Distributed electricity generation technologies have negligible maintenance costs. Renewables are an important part of distributed generation. Since, renewables are intermittent energy sources, there are roadblocks for the market growth of distributed generation systems in Asia-Pacific.
Market Segmentation & Scope
Distributed power generations offer solutions to both, residential, as well as, commercial, set-ups. The market can be categorized into two segments based on the type of the distributed power generation, namely, On-grid and Off-grid. Based on the source, the market has been segmented into combined heat and power, fuel cells, micro turbines, reciprocating engines, solar PV and wind turbines. The Off-grid distributed power generations accounted for the largest share, with more than XX % of total share in 2015. The market has been geographically segmented into Australia, China, India, Indonesia, Japan, Malaysia, and others. XX is leading the market with a share of XX% in the Asia Pacific region. The major companies dominating this market for its products, services, and continuous product developments have been listed in the report.
Scope of the Report:
Asia-Pacific Distributed Power Generation Market Analysis, by Region
Asia-Pacific Distributed Power Generation Market Analysis, by Type
Asia-Pacific Distributed Power Generation Market Analysis, by Source
Asia-Pacific Distributed Power Generation Market Analysis, by End-Use
Key Deliverables of the Study