The global distributed power generation market has been estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2022, at a CAGR of XX% during the forecast period from 2017 to 2022. World’s focus is shifting towards clean energy sources, as the nations are moving towards energy efficiency. Hence, technologies such as fuel cells, solar photovoltaic, and wind power generation are growing at a fast pace. The global distributed power generation market is picking up due to the tremendous growth in decentralized energy production. The generation sources that are closer to the points of consumption can be placed under distributed generation systems. They are typically small scale and are less than 10 MW.
The main concern regarding the distributed electricity generation is the reliability of 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.
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. The off grid distributed power generation accounted for the largest share, with more than XX % of total share in 2015. The market has also been geographically segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, with Asia-Pacific occupying the largest consumer base in the world. North America and Europe follow the list in the same order. The major companies dominating this market for its products, services, and continuous product developments have been listed in the report.
Scope of the Report:
Global Distributed Power Generation Market Analysis, by Region
Global Distributed Power Generation Market Analysis, by Type
Global Distributed Power Generation Market Analysis, by Source
Global Distributed Power Generation Market Analysis, by End-Use
Key Deliverables of the Study