Technavio, a tech-focused market research firm, has published a new report on the global distributed energy generation market, which is expected to experience a steady growth at a CAGR of more than 11% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global distributed energy generation market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global distributed energy generation market into the following key regions: the Americas, APAC, and EMEA.
Geographical segmentation of the global distributed energy generation market for 2015 (market share %)
|
APAC |
38.10% |
|
EMEA |
33.00% |
|
Americas |
28.90% |
Source: Technavio
Distribution energy generation market in APAC
In 2015, APAC accounted for around 38% of the global distributed energy generation market and is anticipated to witness a moderate growth during the forecast period. China and India are the key revenue generators of the market. The absence of consistent grid infrastructure in the region has been a chief reason that has driven the necessity for micro and mini grids that supply power to people and industries in remote areas.
“APAC is an attractive market for merchants, as distributed energy generation will refine the low electrification in the region. Some of the initiatives taken by the governments of this region to improve low electrification are Brightness Program in China, huge solar wind hybrid plant in Japan, and many more,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on power.
Several countries in APAC consist of archipelagos made up of thousands of islands with the population spread across thousands of islands making it difficult to have proper grid infrastructure due to the difficult terrain of the area leading to poor electrification. This scarcity of electricity has compelled the residents of these countries to depend on off-grid power system for their energy requirements.
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Distribution energy generation market in EMEA
The energy consumption and production pattern in Europe is gradually changing as households, institutions, and businesses are investing in installation of small decentralized power systems and have become an important part of the EU’s power system. People in the region have become prosumers which is derived from the entities that produce and consume power that are produced by distributed energy generation technologies such as solar and wind installation. The governments of several countries such as Denmark, Belgium, the UK, and Germany have implemented policies and feed-in tariff supporting distributed energy generation.
In Africa where more than 620 million people live without electricity, the distributed energy generation is a faster and feasible option to bring electricity access to the nation without significantly increasing pollution rates in the country. Developing countries such as Africa seems to be an attractive market for the deployment of decentralized power, as they allow users to avoid the old electricity infrastructure in favor of the new and cleaner technologies. These technologies achieve the same goal of electrification without requiring large immediate investment. Numerous vendors such as ABB, EDF, Eskom, GE, and many more have joined hands to accelerate the deployment of renewable-based microgrid in South Africa.
Distribution energy generation market in the Americas
Us is the key revenue generator in this region, due to the huge number of distributed renewable energy installations in the country. The requirement of the country for energy security, declining cost of technology, and increased initiatives from the US government has led to the increased installations in the US. The use of distributed energy generation has led to the greater disposition of renewables sources that decrease CO₂ emissions. More conversions of diesel generators to hybrid renewable power systems can be seen due to the increased support from the governments. These hybrid systems are in demand in mining and other industries in remote locations as a power source in off-grid applications. In Brazil, distributed energy generation is the easiest ways to provide electricity to millions as they do not have access to grid power. The government is promoting distributed energy generation by compensating for power generation and supply of excess power into the grid, resulting in continuous increase in distribution energy generation connections in Brazil.
The top leading vendors operating in the global distributed energy generation market are:
- Ansaldo Energia
- Ballard Power Systems
- Bloom Energy
- Capstone Turbine Corporation
- First Solar
Other prominent vendors in the market include Acal, Acumentrics, Aisin Seiki, Altergy, Ceramic Fuel Cells, Ceres Power, Delphi Automotive, and DMFCC (Subsidiary of VIASPACE).
A more detailed analysis is available in the Technavio report tilted, ‘Global Distributed Energy Generation Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Off-grid Energy Storage System Market 2016-2020
- Global Smart Energy Market 2016-2020
- Global Energy Management Systems Market 2016-2020
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