The global distributed energy generation market to grow at a CAGR of 11.4% during the period 2016-2020.
The 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.
One of latest trends in the 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.
According to the report, one of the primary drivers in the market is rise in electrification through hybrid decentralized power systems. Electricity consumption is proportional to the economic development of a country. Though it is a complex relationship, electricity is a pre-requisite for the economic growth of a country and drives infrastructure and social development. A majority of the people in developing countries, especially in rural areas, lack access to grid power and this indirectly affects the economic growth. There are more than a billion people in the world without access to electricity, and a majority of the population is residing in rural areas.
Further, the report states that one major challenge in the market is high exit and standby costs. One of the biggest barriers effecting the growth of the global distributed energy generation market is the high exit cost and standby charges that are levied by the utilities. The global distributed energy generation market is growing due to decline in technology costs such as solar, wind, and energy storage, as well as support extended by governments in the form of incentive and grants. This has enabled customers that have adopted distributed energy generation technologies to generate most or all the power they need, thus giving a level of self-control over their power consumption and independence from grid power.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Ansaldo Energia
- Ballard Power Systems
- Bloom Energy
- Capstone Turbine
- First Solar
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/gl72fg/global
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-distributed-energy-generation-market-2016-2020-with-ansaldo-energia-ballard-power-systems-bloom-energy-capstone-turbine--first-solar-dominating---research-and-markets-300371158.html
SOURCE Research and Markets