Albany, NY -- (SBWIRE) -- 08/21/2018 -- Distributed energy generation is defined as the power generation at the point of consumption. Distributed generation generates power by utilizing various technologies such as solar photovoltaic, wind turbines, CHP (combined heat and power), reciprocating engines, micro turbines, and fuel cells in order to provide on-site power to consumers. Distributed energy generation systems provide clean power by means of renewable technologies such as solar photovoltaic and wind turbines in combination with energy storage systems in order to provide clean electricity to consumers. Distributed energy generation systems based on renewable energy are proving helpful in providing low cost and clean energy to the population living in bad-grid and off-grid areas. Rising demand for power, recovering economies of developed countries, increasing cost of fossil fuels-generated power, growing emphasis on reduction of carbon emissions, and a lack of power transmission & distribution infrastructure in off-grid areas are key factors that are boosting the demand for distributed energy generation systems across the globe.
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Other distributed power generation technologies such as CHP (combined heat and power), reciprocating engines, and micro turbines are utilized to provide back-up support to the main electricity grid. CHP-based distributed energy generation technology utilizes the heat from waste exhaust gases from gas/steam turbines to generate steam from the boilers, which then run secondary steam turbines in order to generate additional power. The distributed energy generation systems market can be segmented based on technology, application, and end-user. The technology segment can be sub-segmented into solar photovoltaic, wing turbines, CHP, reciprocating engines, micro turbines, and fuel cells. CHP technology can be readily employed with reciprocating engines, micro turbines, and fuel cells to generate clean energy with low carbon emissions and also improve the overall electricity generation capacity.
Renewable energy-based distributed energy generation systems of low, medium, and high power generation capacities can generate affordable and low-cost electricity for consumers in off-grid areas. High generation capacity distributed energy generation systems generate grid scale power through solar or wind farms, which can form mini/micro grids in order to distribute low-cost power. Small- and medium-scale distributed energy generation systems can be utilized as roof top solar power generation units to generate independent grid-free electricity for residential or commercial usage. Most distributed energy generation systems are grid connected; however, the off-grid sector is anticipated to provide significant growth opportunities for renewable energy-based distributed energy generation systems in the near future.
Distributed energy generation systems produce clean and low-cost power. This generated power is mostly consumed by the industrial sector, followed by residential, commercial, and buildings & institutions sectors. The industrial sector also consumes most of the electricity produced from power plants. Usage of distributed energy generation systems can help provide low cost and clean power to the industrial sector. District heating and cooling services can be provided at cheaper cost, by using CHP and CCHP distributed energy generation technologies. They can also be utilized to provide heating services to the residents, buildings, and institutions during winter time. They can also be employed to provide cooling services during the summer time.
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Global Distributed Generation Market: Competitive Landscape
The report covers detailed competitive outlook that includes market share, product mapping, and profiles of key players operating in the global distributed generation market. Key players profiled in the report are Alstom S.A., E.ON. SE, Caterpillar Power Plants, Siemens Energy, Doosan Fuel Cell America, Ballard Power Systems, Bloom Energy, General Electrical Power, Sharp Corporation, Enercon, Fuel Cell Energy, Rolls-Royce Power Systems, Mitsubishi Hitachi Power Systems, Americas, Inc., Capstone Turbine Corporation, and OPRA Turbines BV. Company profiles include attributes such as company overview, number of employees, brand overview, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
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