TechNavio recognizes the following companies as the key players in the Global Distributed Energy Generation Technologies Market: Ballard Power Systems Inc., First Solar Inc., FuelCell Energy Inc., General Electric Energy LLC, Ingersoll-Rand plc , JA Solar Holdings Co. Ltd. , Sharp Corp. , Siemens AG , Suntech Power Holdings Co. Ltd. , UTC Power LLC, and Yingli Green Energy Holding Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The growing demand for power and need to reduce the usage of fossil fuels, which currently generate 80 percent of global power, will lead to a crisis in the Power industry. It is not possible to meet the power demand with the existing power infrastructure. The long time taken for the construction of the fossil fuel power generation plants has led to dependency on distributed energy resources, which can be easily constructed within a short period of time. The main drawback of the centralized power plant is the huge loss of electricity that takes place during its transmission through cables, an issue that does not exist in distributed energy generation becauses the point of generation and consumption is the same. This advantage of distributed energy generation is leading to an increase in the adoption of distributed power generation and is enhancing the growth of the Global Distributed Energy Generation Technologies market.”
According to the report, one of the major drivers in this market is the increasing occurrence of power blackouts. The increase in power blackouts has affected plenty of people in various states such as Arizona, Baja California, and Sonora. As power blackouts can last for long time periods without being rectified, various power utilities and end-users have started adopting distributed energy generation techniques, an approach which is also expected to increase the reliability of the power grid.
Further, the report states that one of the major challenges in this market is the high implementation cost. As microgrid users have to make a substantial investment to install distributed energy generation, various vendors and end-users are reluctant to adopt this technology. The high cost is due to the industry being in the growth phase and it is therefore still at the stage of being standardized. This reluctance to adopt will make it difficult for the market to grow at a fast pace during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-distributed-energy-generation-tec…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Distributed Energy Generation Technologies Market 2012-2016
