Seattle, WA -- (SBWire) -- 11/06/2019 --Distributed generation is an approach that engages small-scale technologies to generate electricity in the vicinity of end users. Distributed generation offers benefits to the large loads with the reserved additional capacity, provides the sufficient power for the entire loads, and sufficient redundancy for the maintenance. Moreover, the distributed energy generation offers better performance, increased reliability, and enhanced power quality, which could drive the global distributed generation market growth.

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Growing electricity consumption to drive the global distributed generation market.

According to the Electronic Industries Alliance (EIA) organization, the total world energy consumption is expected to increase from 575 quadrillion British thermal units (Btu) in 2015, to 736 quadrillion Btu in 2040, which is an increase of 28%. Furthermore, energy producers are focused on setting up energy production units close to the consumer base, in order to ensure uninterrupted power supply and minimal power wastage due to smaller power distribution and transmission lines, which in turn, is reducing requirement for extensive distribution lines and lowering costs related to the same. This is expected to fuel growth of the global distributed generation market.

Solar PV segment is expected to account for the largest market share and witness fastest growth in the market.

The solar PV segment accounted for the largest share in the global distributed generation market in 2016 and is estimated to maintain its dominance during the forecast period. Globally, an increasing number of installations of the solar PVs has been observed, owing to decreasing cost of the solar photovoltaic cells. For instance, according to the Solar Energy Industries Association (SEIA), in 2017, the U.S. installed 2,031 megawatts (MW) of solar PV to reach 49.3 gigawatts (GW) of total installed capacity, enough to power 9.5 million American homes. Hence, the distributed solar photovoltaic systems provide the electricity during the grid outages during bad weather conditions or emergencies. Moreover, increasing distribution of large scale solar PV hybrid plants in several emerging economies such as Kenya, Bangladesh, and Indonesia is expected to drive growth of solar PV segment in the global distributed generation market during the forecast period.

Global Distributed Generation Market Taxonomy

On basis of technology the global distributed generation market is segmented into

- Wind

- Solar Photovoltaic

- Microturbines

- Gas Turbines

- Fuel Cells

- Reciprocating Engines

On basis of application global distributed generation market is segmented into

- On-grid

- Off-grid

On basis of end user global distributed generation market is segmented into

- Industrial

- Commercial

- Residential

Global Distributed Generation Market: Regional Insights

Among regions, Asia Pacific is projected to account for the significant share, owing to lack of reliable grid infrastructure, especially the South East Asian countries, where the population is spread across several islands, which will boost the demand for off-grid power systems in the near future. According to the Global Environment Facility (GEF), the total population of Southeast Asian countries, Indonesia, Cambodia, Vie, Philippines and Thailand is around 507 million, of which around 111 million around of 22% of the population do not have access to grid electricity. According to the same source, the total population of the Pacific countries, which include 14 island countries is around 8.6 million, of which around 6 million of the population do not have access to grid electricity. This has led to creation of highly lucrative environment for growth of the global distributed generation market.

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Global Distributed Generation Market: Competitive Landscape

Key players operating in the global distributed generation market are Siemens AG, General Electric (U.S.), Schneider Electric SE, Mitsubishi Motors Corporation, and Capstone, Activ Solar GmbH, Ballard Power Systems Inc., Fortis Wind Energy, GE Power & Water, Juwi Inc., Sharp Corporation, Cummins Inc. (U.S.), Caterpillar Inc. (U.S.).

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