Newly published research report on RnRMarketResearch.com adds Global Distributed Energy Generation Market 2016-2020.
Distributed energy generation refers to small-scale production of electricity ranging from a few kWs to tens of MWs. In distributed energy generation, power is typically generated using renewable resources and using generators at the point of consumption. Distributed energy generation systems are usually connected at the distribution or substation levels and can function as stand-alone power sources.
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This analyst forecast the global distributed energy generation market to grow at a CAGR of 11.4% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global distributed energy generation market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped us to demarcate the market contours.
The market is divided into the following segments based on geography:
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Key players in the global distributed energy generation market: Ansaldo Energia, Ballard Power Systems, Bloom Energy, Capstone Turbine, and First Solar. Other prominent vendors in the market are: Acal, Acumentrics, Aisin Seiki, Altergy, Ceramic Fuel Cells, Ceres Power, Delphi Automotive, DMFCC (Subsidiary of VIASPACE), Doosan Fuel Cell, Electrochem, EnergyOR Technologies, Enocell, FuelCell Energy, FUELCELLSETC, GE, 2 Logic, Horizon Fuel Cell Technologies, Hydrogenics, Intelligent Energy, Johnson Matthey Fuel Cells, Kingspan Environmental, Kyocera, LG Fuel Cell Systems, Micro Turbine Tech BV (MTT), Mitsubishi Heavy Industries, Neah Power Systems, Oorja Protonics, Panasonic, Plug Power, Redox Power Systems, Shanghai EverPower Technologies, Siemens, Symbio FCell, Toshiba, Ultra Electronics, Wilson Solarpower, Wuxi Suntech Power, and Yingli Solar.
One of latest trends in the distributed energy generation market is rapid advances in technology and reduction in technology costs. The declining technology cost and support from the government in the form of feed-in tariffs and incentives are enabling technologies such as solar and wind to be within reach of people even in developing and developed economies. This will fuel the growth of distributed energy generation technology. The cost of solar PV systems and energy storage systems have been continuously decreasing due to advances in technology. The learning curve and economies of scale are expected to further decrease the prices.
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Market driver – Changes in grid structure allow decentralization of power generation
Market challenge – Growth of distributed energy generation impacts grid operation
Market trend – Increase in hybrid power systems and microgrid deployments
Key questions answered in this report
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