The Europe 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. Europe has been an important region for distributed power generation applications. It is a region with world’s highly industrialized nations and has been on the forefront of research and demonstration of clean technologies. Distributed power generation can help many European nations to meet their emission control targets and provide way for the EU member nations to implement 20-20-20 targets. Europe, being a hub for many industries, can have distributed generation systems in its industrial campuses where the source of this small-scale generation is close to the point of consumption.
Member countries of the European Union are implementing policies to meet the EU emission control regulations. This phenomenon is driving the distributed power generation systems market in Europe, resulting in an increased market share of renewables and grid technologies. Hence, the market conditions in Europe 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 Europe. Countries like France, the United Kingdom and Finland have strong nuclear base of power generation, which is also hindering the market growth of distributed generation in Europe region.
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 also been geographically segmented into Austria, Cyprus, France, Germany, Greece, Italy, Norway, Spain, Sweden, Switzerland, Turkey, the United Kingdom and others. XX is leading the market with a share of XX% in the European 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:
Europe Distributed Power Generation Market Analysis, by Region
Europe Distributed Power Generation Market Analysis, by Type
Europe Distributed Power Generation Market Analysis, by Source
Europe Distributed Power Generation Market Analysis, by End-Use
Key Deliverables in the Study
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