Technavio recognizes the following companies as the key players in the global distributed energy generation market: Ansaldo Energia, Ballard Power Systems, Bloom Energy, Capstone Turbine, and First Solar.
Other prominent vendors in the market are: Acal, Acumentrics, Aisin Seiki, Altergy, Ceramic Fuel Cells, Ceres Power, Delphi Automotive, DMFCC (Subsidiary of VIASPACE), Doosan Fuel Cell, Electrochem, EnergyOR Technologies, Enocell, FuelCell Energy, FUELCELLSETC, GE, 2 Logic, Horizon Fuel Cell Technologies, Hydrogenics, Intelligent Energy, Johnson Matthey Fuel Cells, Kingspan Environmental, Kyocera, LG Fuel Cell Systems, Micro Turbine Tech BV (MTT), Mitsubishi Heavy Industries, Neah Power Systems, Oorja Protonics, Panasonic, Plug Power, Redox Power Systems, Shanghai EverPower Technologies, Siemens, Symbio FCell, Toshiba, Ultra Electronics, Wilson Solarpower, Wuxi Suntech Power, and Yingli Solar.
Commenting on the report, an analyst from Technavio’s team said: “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. For instance, the solar PV system cost has reduced by more than 50% in the past five years. Energy storage vendors are investing heavily in R&D to reduce the cost factor. At present, the cost has dropped at an average of 23% per year since 2010, while energy storage system cost has dropped to an average of 14% per year. This has led to a 17% reduction in installation cost, from $3,400/kWh in 2010 to $1,600/kWh in 2014, and the price further declined to $670/kWh in 2015.”
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.
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.
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.
About Distributed Energy Generation
Distributed energy generation refers to small-scale production of electricity ranging from a few kWs to tens of MWs. In distributed energy generation, power is typically generated using renewable resources and using generators at the point of consumption. Distributed energy generation systems are usually connected at the distribution or substation levels and can function as stand-alone power sources.
Technavio’s analysts forecast the global distributed energy generation market to grow at a CAGR of 11.4% during the period 2016-2020.
Covered in this report
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.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Distributed Energy Generation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Ansaldo Energia
• Ballard Power Systems
• Bloom Energy
• Capstone Turbine
• First Solar
Other prominent vendors
• Acal
• Acumentrics
• Aisin Seiki
• Altergy
• Ceramic Fuel Cells
• Ceres Power
• Delphi Automotive
• DMFCC (Subsidiary of VIASPACE)
• Doosan Fuel Cell
• Electrochem
• EnergyOR Technologies
• Enocell
• FuelCell Energy
• FUELCELLSETC
• GE
• H2 Logic
• Horizon Fuel Cell Technologies
• Hydrogenics
• Intelligent Energy
• Johnson Matthey Fuel Cells
• Kingspan Environmental
• Kyocera
• LG Fuel Cell Systems
• Micro Turbine Tech BV (MTT)
• Mitsubishi Heavy Industries
• Neah Power Systems
• Oorja Protonics
• Panasonic
• Plug Power
• Redox Power Systems
• Shanghai EverPower Technologies
• Siemens
• Symbio FCell
• Toshiba
• Ultra Electronics
• Wilson Solarpower
• Wuxi Suntech Power
• Yingli Solar
Market driver
• Changes in grid structure allow decentralization of power generation.
• For a full, detailed list, view our report
Market challenge
• Growth of distributed energy generation impacts grid operation.
• For a full, detailed list, view our report
Market trend
• Increase in hybrid power systems and microgrid deployments.
• For a full, detailed list, view our report
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?
Distributed energy generation refers to small-scale production of electricity ranging from a few kWs to tens of MWs. In distributed energy generation, power is typically generated using renewable resources and using generators at the point of consumption. Distributed energy generation systems are usually connected at the distribution or substation levels and can function as stand-alone power sources.
Technavio’s analysts forecast the global distributed energy generation market to grow at a CAGR of 11.4% during the period 2016-2020.
Covered in this report
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.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Distributed Energy Generation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Ansaldo Energia
• Ballard Power Systems
• Bloom Energy
• Capstone Turbine
• First Solar
Other prominent vendors
• Acal
• Acumentrics
• Aisin Seiki
• Altergy
• Ceramic Fuel Cells
• Ceres Power
• Delphi Automotive
• DMFCC (Subsidiary of VIASPACE)
• Doosan Fuel Cell
• Electrochem
• EnergyOR Technologies
• Enocell
• FuelCell Energy
• FUELCELLSETC
• GE
• H2 Logic
• Horizon Fuel Cell Technologies
• Hydrogenics
• Intelligent Energy
• Johnson Matthey Fuel Cells
• Kingspan Environmental
• Kyocera
• LG Fuel Cell Systems
• Micro Turbine Tech BV (MTT)
• Mitsubishi Heavy Industries
• Neah Power Systems
• Oorja Protonics
• Panasonic
• Plug Power
• Redox Power Systems
• Shanghai EverPower Technologies
• Siemens
• Symbio FCell
• Toshiba
• Ultra Electronics
• Wilson Solarpower
• Wuxi Suntech Power
• Yingli Solar
Market driver
• Changes in grid structure allow decentralization of power generation.
• For a full, detailed list, view our report
Market challenge
• Growth of distributed energy generation impacts grid operation.
• For a full, detailed list, view our report
Market trend
• Increase in hybrid power systems and microgrid deployments.
• For a full, detailed list, view our report
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?
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of Content: https://marketreportscenter.com/reports/455977/global-distributed-energy-generation-market-2016-2020#toc
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