The factors driving the market growth are an expansion in increasing technological advancements and growing demand for distributed energy generation systems. However, increasing the cost of energy generation are restraining the market.
Distributed energy generation refers to small scale energy generation units which generate electricity with the help of renewable resources such as solar, wind, etc. to provide electricity during power outages. Implementation of DEG offers power reliability, reduction in the cost of electricity and many other end-user application benefits.
By End User, commercial & industrial segment is driven during the forecast period. Increasing adoption of solar PV modules for power generation due to their ability to provide clean and quality control is expected to propel the demand for the market. Based on geography, the Asia Pacific in the global scenario has a positive impact on the market due to lack of electricity in rural areas in emerging economies.
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Some of the key players in the Distributed Energy Generation (DEG) market are Ballard Power Systems Inc., Capstone Turbine Corporation, Caterpillar Power Plants, Doosan Fuel Cell America, E.ON SE, Enercon GmbH, First Solar, FuelCell Energy Inc., General Electric (GE), Rolls-Royce PLC, Siemens AG, Suzlon Energy Limited., Toyota Turbine and Systems Inc., Vestas Wind Systems A/S and Yingli Green Energy Holding Co. Ltd.
Products Covered:
• Biomass Energy • Complex System of Fuel Cell and the Micro Gas Turbine • Geothermal Power Generation • Solar Power Generation • Wind Power Generation
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Technologies Covered:
• Wind Turbine • Solar Photovoltaic • Reciprocating Engines • Micro Turbines • Gas & Steam Turbines • Fuel Cells • Combined Heat Power (CHP)
Applications Covered:
• Off-Grid • On-Grid
End Users Covered:
• Residential • Commercial & Industrial • Buildings & Institutions
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Regions Covered:
• North America o US o Canada o Mexico • Europe o Germany o UK o Italy o France o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa
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What our report offers:
- Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements