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Distributed Energy Generation Systems Market (DEG) Will Reach USD 155.86 Billion in 2018
Distributed Energy Generation (DEG) Systems Market for CHP, Solar Photovoltaic, Wind Turbine and Fuel Cells in Residential, Building, Institution and Commercial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018
Published 15 October 2015
Transparency Market Research’s new market report based on “Distributed Energy Generation (DEG) Market for CHP (Combined Heat and Power), Solar Photovoltaic, Wind Turbine and Fuel Cells in Residential, Building, Institution and Commercial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018” discusses the global scenario of the DEG systems market. This market was valued at USD 99.68 billion in 2011 and is expected to reach USD 155.86 billion in 2018, growing at a CAGR of 6.7% from 2012 to 2018. Also, the annual DEG installation capacity was 81,875.7 MW in 2011 and is expected to reach 180,093.6 MW in 2018, growing at a CAGR of 11.9% from 2012 to 2018.
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Distributed energy generation is also known as decentralized energy generation. DEG is a term used for technical systems that generate electricity near the point of consumption. Generally, a DEG system is set up in opposition to centralized generation sources such as large utility-owned power plants that need long distance transmission lines to diffuse energy. The energy factor has been an increased concern over the past decade, and this is expected to grow substantially in the next five to six years.
At present, the price competency in key technologies attracts more consumers globally, thereby bolstering the market. High prices in DEG systems remain as a key challenge for most of the market participants, but price moderation that is expected in the next few years will help the market overcome this common problem.
Distributed energy generation eradicates the need to build a transmission capacity in the system, thus reducing the line loss. Since these systems are often deployed at various areas of application including commercial, residential, and small industrial sectors, the biggest advantage in discovering these systems is to build amenities that meet the rising energy demands in the best of its efforts.
The crucial technology segments analyzed and estimated in this report study published by Transparency Market Research includes CHP that is accounted for more than 48% of the global capacity in 2011. The DEG market is further segmented into on grid and off grid segments. The market is also followed by solar PV, wind turbine, reciprocating engines, micro turbines and fuel cells. The on grid segment dominated the DEG systems market while off grid segment accounted for just over 1% of the market. Some key DEG applications include residential, buildings and institutions and commercial and industrial installations. Commercial and industrial applications dominated the market, accounting for over 74% global market in 2011.
Europe is one of the most dominated regions for DEG systems market. It is accounted for over 39% of the global DEG installations in 2011. Following to Europe, the provision of financial incentive schemes in China, India, and Japan are supplemented with low production cost factor which in turn drives the product demand market in the Asia-Pacific. Likewise, North America is known as the pioneers of solar PV technology. They have utilized this technology for generating electricity in the entire region of North America. The North America DEG market revenues are expected to reach USD 37.33 billion in 2018. A growing demand for energy is also seen in the Middle East and African regions. This demand for energy is expected to fuel the growth rate of DEG systems market through off grid DEG systems specifically in Africa.
Browse the full Gobal Distributed Energy Generation Systems Market report at http://www.transparencymarketresearch.com/distributed-energy-generation-market.html
This research report is designed to estimate, analyze, and forecast the annual installed capacity of DEG systems across the global market. It involves in-depth analysis of DEG system manufacturers, trend analysis by segments, product sales, and annual installed capacity by geography. It also provides names of some of the key participants in this market that include, GE Energy, Siemens Energy, Caterpillar Power Plants, Mitsubishi Power Systems, Vestas, Alstom, E.On SE, and Capstone Turbine Corporation among others.
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