Decentralized energy generation system, represents a technical system that generate electricity proximate the point of consumption. Generally, a DEG system is set to transmit centralized generation sources such as large utility-owned power plants in a short distance transmission to diffuse energy.
It is projected that the global market for Distributed energy generation market will grow from 156.6 GW in 2015 to 169.5 GW in 2016 at a year-on-year growth rate of 8.3%. In addition, the market is expected to grow at a five-year CAGR of 8.9% from 2016 to 2021, to reach 259.6 GW by the end of the forecast period.
The market is growing strongly in some Asian Countries, Europe and North America with strong directive for green technology revolution. Increased use in power consumption and less power loss during transmission from distributed energy system are the main growth drivers for the particular market. Apart from that, the terrestrial texture for different regions, where different kind of distributed energy generation technique fits in, are also driving the market.
- Aerogenesis Wind Energy
- Alm Turbine
- Ampair Energy Limited
- Asian Phoenix Resources Ltd
- Ballard Power Systems, Inc.
- Bergey Windpower Co.
- Bp Solar
- Calnetix Technologies, Llc
- Canyon Hydro
- Capstone Turbine Corporation
- Caterpillar Power Plants
- Chevron Energy
- Clearedge Power
- Cummins Power Generation, Inc.
- Electrochem, Inc.
- Euroheat & Power
- (30+ Others)
3 Decentralized Energy Market Generation by Technology
4 Global Decentralized Energy Generation System Market Forecast
For more information visit http://www.researchandmarkets.com/research/2gs3k3/global
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-market-for-distributed-energy-generation-market---expected-to-grow-to-1695-gw-in-2016---research-and-markets-300311156.html
SOURCE Research and Markets