Industry Insights
Increasing environmental awareness about energy generation using
conventional plants is going to make governments to increase development
of DEG technology. It is the factor expected to drive the market growth
over the forecast period. Distributed energy generation system includes
small-scale energy generation units which generate energy at a location
near to power end-users. Distributed energy generation cuts the need of
building a transmission capacity which reduces the line cost.
The implementation of distributed energy generation technology
benefits in increased power reliability, reduction in cost of
electricity and many other end user application benefits. These benefits
are expected to grow the market of distributed energy generation
globally. Furthermore, increasing electricity usage with environment
friendly attributes is expected to drive the market of distributed
energy generation technology in coming years.
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Key drivers such as awareness related to energy including
greenhouse gas emission, air and water pollution, energy generation
cost, other economic & environmental concerns, climate change and
increased occurrence of power blackouts are the key factors driving the
growth of distributed energy generation market. However, high
implementation cost of the technology may restraint the market over the
forecast period. Increased adoption of distributed energy offers major
opportunities in coming years. DGE is one of the optimum solutions that
can be implemented globally to satisfy increasing interest in production
of substitute energy source worldwide which is expected to impact the
market growth positively.
Technology Insights
Combined heat and power (CHP) generates electricity or mechanical
power with lower emissions compared with conventional systems. Combined
heat and power (CHP) systems produce electricity and useful thermal
energy in a single, integrated system. Heat wasted in conventional power
production, is recovered as useful energy making CHP more efficient and
beneficial for environment, economy and energy system infrastructures.
CHP offers profitability to users and it is environment friendly. Fuel
cells transform chemical energy in to electricity by chemical process
with oxidizing agent. Fuel cells are useful in portable power generation
such as laptops, camera among others which is going to drive the market
growth.
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Distributed solar PV systems offer the advantage of producing
electricity onsite, reducing the requirement to build new transmission
capacity and avoiding line losses. Solar PV based distribution energy
generation is used in applications varying from residential, small
commercial to industrial use. Solar PV will continue its steady growth
in major markets over the next few years. Turbines are used to produce
both heat and electricity in small scale. Turbines offer lightweight,
compact size, low emission, small number of moving parts and low
operational cost. Due to these characteristics, wind turbines are
expected to grow the market for distributed energy generation
technology. In automobiles, reciprocating engines transform pressure
into rotating motion, which is expected to drive the growth for turbine
based DEG system.
End-Use Insights
Major end users of DEG system are in buildings, residential,
institutional, commercial & industrial markets. Industrial and
commercial industries dominate the segment due to available resources
such as industrial waste and heat energy for reuse. These segments are
also expected to increase the market growth over the forecast period.
Application Insights
Major applications of DEG systems are on grid and off grid systems.
On grid system is a dependent installation which is connected directly
to the onsite area while off grid system is independent installation
connected directly to the onsite area which needs battery to store the
energy generated from process. Comparing on grid and off grid systems,
on grid system is costlier but more effective due to the continuous
provision of energy from its stored, generated energy. Hence, depending
on its end use, on grid and off grid systems are expected to impact the
growth of the market in coming years.
Regional Insights
Asia pacific, Middle East, Africa, Europe and Americas are the major
regions expected to witness the DEG market growth in near future.
Adoption of stringent regulations in Europe is going to expel the market
growth in coming years. Asia Pacific is also expected to witness the
growth due to the presence of major players in the region and growing
demand of energy from increasing population. Cheaper production cost
owing to cheaper manpower is one of the reasons for players to invest
more in Asia pacific countries in coming years.
Competitive Insights
First Solar Inc., Ballard Power Systems Inc., FuelCell Energy Inc.,
General Electric Energy LLC, JA Solar Holdings Co. Ltd., Ingersoll-Rand
plc, Sharp Corp., Suntech Power Holdings Co. Ltd., Siemens AG, Yingli
Green Energy Holding Co. Ltd. and UTC Power LLC are the key players in
distributive energy generation market marching towards the growth of the
market.
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