- The key vendors in the Global Distributed Energy Generation Technologies Market 2015-2019 are Ballard Power Systems Inc., First Solar Inc., FuelCell Energy Inc., General Electric Energy LLC (GE Energy) and Ingersoll-Rand plc.
London, 24 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Distributed Energy Generation Technologies Market 2015-2019. Increased construction of smart grids is one of the key trends upcoming in this market. Emergence of smart grids is facilitating the growth of many smart-grid-related technologies, which include distributed energy generation technologies. The Global Distributed Energy Generation Technologies market is expected to grow at a CAGR of 10.6 percent during the forecast period of 2014-2019.
Governments worldwide have initiated the provision of incentives to end-users for using renewable power generation and electric vehicles, which has increased the demand for distributed energy generation systems and microgrids. Moreover, various governments have started to invest in advanced energy infrastructure projects to develop microgrids that can sustain the increased demand for power supply from end-users.
“Increased adoption of microgrid storage systems and distributed energy generation technologies will help reduce these power disturbances significantly,” says Faisal Ghaus, Vice President of TechNavio Research.
“An increased number of disturbances in electricity supply through power grids worldwide has triggered an increased need for distributed energy generation systems.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
