Global Distributed Energy Generation Market 2016-2020

Power Generation - Nov 14, 2016

The report, now available on ASDReports, 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.

Related Research on
Global Distributed Energy Generation Market 2016-2020

Commenting on the report, an analyst 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.

Read more on ASDReports!

Source : ASDReports - Market Research

Published on Global Energy World: Nov 14, 2016