The global distributed energy generation (DEG) market size is expected to reach USD 573.7 billion by 2025, registering a CAGR of 16.0% during the forecast period 2020-2026. Owing to their environmental benefits, preference for DEG systems will be higher as compared to conventional energy systems.
Distributed energy generation systems are anticipated to become the future of electric power systems owing to rise in energy demands of electricity. DEG plants are comparatively smaller in kW and are connected to the grid at substation or at customer premises. Technological innovations and change in economic and regulatory environments have vested in a high interest for distributed energy generation.
As an instance, the California Independent System Operator (CAISO) performed a study to demonstrate upon how electrical systems can evolve as more economic resources, particularly the PV cells since, traditional energy resources need to operate at a low level of output. The study revealed that solar generation achieved a peak level during a spring day.
Market Trends, Drivers and Opportunities:
Rising investments for electrification of energy systems in the developing regions is more likely to result in enhanced market growth.In addition, undertaking of projects pertaining to energy growth facilitates electrification in remote areas wherein the remote population can be bought under an umbrella project. The DEG systems comprises different arrangements of power generation, and control solutions. The systems can be customized according to the energy efficiency, carbon production/reduction and security.
DEG systems are significant from energy savings point of view. It reduces the criteria for transmission capacity which directly cuts the costs of installing a power line. Prices of DEG are comparatively reasonable when compared to traditional energy systems. In addition, floating solar photovoltaic is an innovation by DEG technology which is likely to emerge as a trend in the mainstream market. However, lack of technical competency and irregularity in scope of electrification during small-scale projects is more likely to confine the market growth during the forecast period.
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The key players in the distributed energy generation market include EON SE, Vestas Wind Systems Inc., Doosan Fuel Cell America; FuelCell Energy Inc; General Electric (GE); First Solar, Toyota Turbine and Systems Inc., Enercon GmbH, Turbine Corporation and Rolls-Royce Power Systems.
Market Segments Covered In This Report:
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Table of Content:
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Distributed Energy Generation Market Value Chain Analysis
3.3 Technology Trend
Combined heat and power (CHP)
Floating solar plants
3.4 Regulatory Framework
3.4.1 National Renewable Energy Laboratory (NREL)
3.4.2 Public Utility Regulatory Policies Act of 1978
3.4.3 Energy Policy Act of 1992
3.4.4 Open Access Transmission Tariff: FERC Orders 888 & 889
3.4.5 Regional Transmission Organizations: FERC Order 2000
3.5 Market Dynamics
3.5.1 Market Driver Analysis
Increasing focus on green technology
Growing Price Competency
3.5.2 Market Restraint Analysis
High dependence on subsidy
3.6 Penetration & growth prospect mapping
3.7 Distributed Energy Generation market – PESTEL Analysis
3.8 Industry Analysis – Porter’s
Chapter 4 Distributed Energy Generation Market: Technology Estimates & Trend Analysis
4.1 Market share, by product, 2018 & 2026
4.2 Wind Turbine
4.2.1 Market estimates & forecasts, by wind turbine, 2019-2026 (MW) (USD Million)
4.3 Reciprocating Engines
4.3.1 Market estimates & forecasts, by Reciprocating Engines, 2019-2026 (MW) (USD Million)
4.4 Fuel Cells
4.4.1 Market estimates & forecasts, by fuel cells, 2019-2026 (MW) (USD Million)
4.5 Solar Photovoltaic
4.5.1 Market estimates & forecasts, by solar photovoltaic, 2019-2026 (MW) (USD Million)
4.6 Gas & Steam Turbines
4.6.1 Market estimates & forecasts, by gas & steam turbines, 2019-2026 (MW) (USD Million)
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