Global DEG Systems 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. 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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Energy demand has increased substantially
over the past decade and is expected to increase in the next five to six years.
Insufficient centralized electricity supply, paradigm shift in energy
generation towards green technology, increased industry awareness coupled with
revised FIT (Feed in Tariff) rates are expected to spur market growth. Failure
of conventional energy generation model which incurs substantial capital
investment for power generation and distribution through transmission is
expected to lay groundwork for DEG systems market. Price competency in key technologies
(wind turbine, solar PV, CHP, fuel cells and microturbines) is likely to
attract more consumers globally thereby bolstering the market. Presently highly
priced DEG systems are a key challenge for market participants; however, price
moderation over the next few years is expected to help the market overcome this
issue.
Crucial technology segments estimated and
analyzed in this study include CHP, that accounted for over 48% of global
capacity in 2011, followed by solar PV, wind turbine, reciprocating engines,
micro turbines and fuel cells. The market is also segmented into on grid and
off grid segments. In 2011, on grid segment dominated the DEG systems market
while off grid segment accounted for just over 1% of the market. 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 dominated the DEG systems
market in and accounted for over 39% of global DEG installations in 2011. The
provision of financial incentive schemes
in China, India and Japan supplemented with low
production cost are primary factors expected to drive the product demand
in Asia Pacific. North America pioneered the solar PV
technology, utilized for generating electricity. North America DEG market
revenues are expected to reach USD 37.33 billion in 2018. The absence
of grid connection led to generation of energy through off grid DEG systems
in Africa. Growing energy demand in the Middle
East and Africa is expected to fuel the growth rate of DEG
systems market.
Key participants in this market include GE
Energy, Siemens Energy, Caterpillar Power Plants, Mitsubishi Power Systems,
Vestas, Alstom, E.On SE, and Capstone Turbine Corporation among others. The
report provides an overview of these companies followed by their financial
revenue, business strategies, product portfolio and recent developments.
This research analyzes and estimates the
performance and installation of DEG systems in the global scenario, providing
detailed trend analysis of the market by geography and comprehensive analysis
of companies that are dealing in the DEG systems. The report presents a
thorough assessment of the strategies followed by different stakeholders by
segmenting the DEG systems market as below:
Distributed
Energy Generation Systems Market: Technology Analysis
Solar
photovoltaic
Combined heat and
power (CHP)
Wind turbine
Reciprocating
engines
Micro-turbine
Fuel cells
§ Distributed Energy Generation Systems Market: End User Analysis
Residential
Buildings and
Institutions
Commercial and
Industrial
§ Distributed Energy Generation Systems Market: Application Analysis
On Grid
Off Grid
§ Distributed Energy Generation Systems Market: Regional Analysis
North America
Europe
Asia-Pacific
MEA (Middle
East & Africa)
Rest of the World
(Brazil and Mexico)
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