The North America 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. North America has been an important region for distributed power generation applications. The region consists of two big developed countries like the USA and Canada. These two highly industrialized nations of the world have taken initiatives towards energy efficiency. However, there are certain regulatory hindrances that block the implementation of distributed generation systems in these two countries. Since the nations of North America are planning to increase their renewable energy shares to combat climate change, they are increasing their shares of renewables in their mix.
In order to shift to clean energy sources, authorities, such as the California Government, are adapting to policies that encourage distributed electricity generation systems. Hence, the market conditions in North America look favorable for the growth of distributed generation. The main concerns regarding the 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, molar 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 very negligible maintenance costs. Renewables are an important part of distributed generation. Since, renewables are intermittent energy sources, there are road blocks for the market growth of distributed generation.
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 Canada, the USA, Mexico, Guatemala, Panama, Costa Rica and others. The USA is leading the market with a share of XX% of the North America market. The major companies dominating this market for its products, services, and continuous product developments have been listed in the report.
Scope of the Report:
North America Distributed Power Generation Market Analysis, by Region
North America Distributed Power Generation Market Analysis, by Type
North America Distributed Power Generation Market Analysis, by Source
North America Distributed Power Generation Market Analysis, by End-Use
Key Deliverables of the Study