25th July 2019 – Distributed
Energy Generation (DEG) Market study offers detail overview of industry
with all the requisite data to support tactical business decisions and come up
with strategic growth plans. This study also proposes a comprehensive insight
into the development policies and plans in addition to manufacturing processes
and cost structures.
The Distributed Energy Generation (DEG)
Market global size is expected to value at USD 573.7 billion by 2025. The
market is subject to witness a substantial growth due to numerous environmental
advantages, and high efficiency in comparison with the conventional power
generation systems. The distributed energy generation (DEG) diminishes the need
for constructing a transmission capacity, allowing reduction in the line cost.
Additionally, lower operational cost associated with the use of the distributed
energy generation (DEG) in comparison with the traditional systems is
propelling the growth of the distributed energy generation (DEG) industry in
recent years.
Similarly, with recent advancements in
the distributed energy generation methodologies like that of floating solar
photovoltaic are expected to positively influence the distributed energy
generation (DEG) market. The reduction in the cost of solar photovoltaics due
to numerous government initiatives and subsidies are spiraling the demand of
distributed energy generation (DEG) systems. Globally, the distributed energy
generation (DEG) market is predicted to grow at CAGR of 15.0% in forecast
period, providing numerous opportunity for industry players to invest for
research and development in the DEG industry.
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The generation of electricity with the
help of distributed renewable systems offers lower initial cost, reduced
operational and maintenance cost along with reduction in the per unit cost of
electricity. Such advantages help consumers to adopt distributed energy
generation (DEG) system over conventional energy system. The use of distributed
energy generation (DEG) provide numerous environmental benefits in regards to the
renewable energy generation. Furthermore, growing awareness regarding to the
importance of clean energy resources is spurring growth of the industry in the
forecast period. Adoption of renewable
energy reduces generation of greenhouse gas emissions. DEG systems are fairly
inexpensive in comparison with the traditional electricity generation systems.
These factors are playing a key role for the expansion of the distributed
energy generation (DEG) industry over the forecast period.
Typically, power generation plants
require large area and centralized processing units. With the development of
latest trend involving distributed systems, allows decentralization of energy
generation system. In distributed energy generation (DEG) systems, various
energy conversion units are located near energy consumers, as large units are
replaced by small capacity units. A distributed energy generation system is a
highly efficient, dependable and environment-friendly. Applications of the
distributed energy generation (DEG) systems are commonly found in small hydro
power plants, biomass power plants solar PV systems, wind turbines, and
geothermal power units. These systems play a key role in the electric power
distribution as well. Distributed generation systems is commonly referred as
multiple power sources feeding on the single loads at multiple locations, or
standalone and isolated power units located at the point of use.
Benefits associated with the use of the
distributed energy generation (DEG) are reduction in the transmission and
distribution losses due to convenient placement and enhanced loading
capabilities. The adoption of distributed energy generation (DEG) systems
allows generation of electricity from waste products or renewable resources
such as bio-mass or bio-gas, which is considered as ideal replacement for
fossil fuels. The distributed energy generation (DEG) does not require
additional circuitry and uses existing single or three phase generation.
The distributed energy generation (DEG)
industry is divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise adoption of latest technologies and existence
well-established infrastructure. Asia-Pacific region is predicted to hold major
market share in the distributed energy generation (DEG) market with massive
growth in forecast period.
Countries such as India and China
leading the Asia-Pacific market with growing requirement of micro-grids and
significant investment by leading industry players due to numerous potential
opportunities in the region. The key players in the distributed energy
generation (DEG) industry are Capstone Turbine Co., General Electric Inc.,
Vestas Wind Systems, Siemens Co., and Caterpillar Power Plants.
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