March 15, 2016 - 6:35 AM EDT
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Distributed Energy Generation Market To Grow At A CAGR Of 12.0% From 2014 To 2020: Grand View Research, Inc.

According to the new report published by Grand View Research, the global distributed energy generation (DEG) market size will reach $179.65 billion by 2020 from $113.53 billion in 2014, growing at CAGR of 12.0%, Increasing awareness to curb global warming by reducing greenhouse gas emissions is expected to support market growth during forecast period.

San Francisco, March 15, 2016 (GLOBE NEWSWIRE) --

In 2013, the global distributed energy generation (DEG) market was worth USD 113.53 billion. Increasing awareness to curb global warming by reducing greenhouse gas emissions is likely to drive growth. Moreover, reduction of water, air and soil pollution, and minimizing expenditure incurred by large power plants are other key drivers of the market.

Ability of DEG to produce electricity from both conventional and non-conventional resources have made them an environment friendly route for energy generation through wind, solar and tidal energy. Increasing output of tight and shale gas in North America, particularly the U.S., along with innovative hydraulic fracturing techniques are few of the other factors augmenting demand over the next few years. The industry is estimated to be valued at USD 179.65 billion by 2020.

Browse to access In-depth research report on Global Distributed Energy Generation Market with detailed charts and figures:

In 2013, solar photovoltaic (PV) and wind turbine together accounted for more than 50% of the total capacity. Government initiatives for the development of solar PV and wind generation in Japan, China and Germany are expected to augment solar photovoltaic (PV) and wind turbine demand.

Competent prices of DEGs over conventional generators is anticipated to generate a high demand for the technology is anticipated to bolster growth. The market which was 102.97 GW in 2013 is anticipated to reach 227.63 GW by 2020,increasing at 12.0% CAGR over the projected period.

Eco-friendliness and increasing expense on R&D of fuel cells is likely to augment growth, in terms of capacity, at a 19.4 % CAGR over the forecast period. Ability of combined heat and power (CHP) technology to produce electricity or power with low greenhouse emissions has been one of the reasons for its dominance capturing over 40% capacity in the overall market in 2013.

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Economically viable installation cost and easy accessibility of on-grid systems to the utility sector has resulted in their dominance in 2013 within the global industry accounting for 90% capacity. Introduction and implementation of numerous government policies to provide electricity in remote rural areas, especially in Asia Pacific, is projected to result in substantial gains for off-grid DEG. Moreover, the ability of off-grid systems to reserve generated energy using a battery is likely to result in generating revenues exceeding USD 6.5 billion by 2020.

Recycling and reusability of industrial waste and heat energy have resulted in high penetration of DEGin commercial & industrial applications, where in 2013 the segment accountedfor more than 70% capacity. Upcoming commercial & industrial spaces, particularly in China and India, is likely to lead to a significant growth of the market in these sectors.

Building & institution is anticipated to witness substantial capacity gains at a 13.5% CAGR over the next six years. Expansion of cities is anticipated to be one of the key factors fuelling growth.

Residential applications accounted for less than 10% of the global market in 2013. However, rising adoption of the technology owing to its price competence is anticipated to accelerate market demand with an above average growth rate.

Europe DEG industry exceeded 30% capacity of the global share in 2013. Government policies in to reduce greenhouse emissions and global warming are anticipated to augment demand. Regulatory norms to carry out power generation in North America using the “green energy” concept has led to a significant growth of the industry, which was valued at USD 27.56billion in 2013.

Infrastructure development and innovative regulatory moves by numerous governmentsin Asia Pacific DEG market will witness fastest growth, driving the global business, at a 12.7% CAGR from 2014 to 2020. Key players include General Electric Energy, Suntech Power Holding Co. Ltd, Yingli Green Energy, UTC Power LLC, First Solar, Sharp Corporation,Siemens AG and JA Solar Holding Co.Ltd.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

email: [email protected]


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Source: GlobeNewswire (March 15, 2016 - 6:35 AM EDT)

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