Published Date : Apr 18, 2018
Albany, New York, April 18, 2018: MarketResearchReports.biz announced the addition of a new research report, titled “Distributed Generation Market - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, to its online repository. The research report is a comprehensive outlook on the global market with market figures. The research report answers questions pertaining to the market size and its growth during the forecast period of 2017 and 2025. It discusses the impact of various technologies on the distributed generation market and changing perspective towards energy consumption. It emphasizes the role of clean energy consumption in the growth of the global distributed generation market.
The research report notes that distributed energy generation systems utilize renewable technologies to offer end users clean source of energy. Distributed energy generation systems are characterized by usage of wind turbines and solar photovoltaic cells and other energy storage systems. The primary aim of these systems is to provide cleaner energy at an affordable cost. Today, these are integral setups for end users located in off-grid or bad-grid areas. Thus, the growing awareness about environmental hazards of using energy generated from conventional resources has augmented the demand for distributed generation systems.
The global distributed generation market is also likely to be driven by the intensifying regulations to curb greenhouse emissions to contain the impact of global warming. The market is also benefitting from the soaring cost of fossil fuels, which has had a severe impact on the cost of electricity. Furthermore, growing demand for electricity, especially in the off-grid areas and unaffordability of grid transmission and distribution infrastructure in such areas is expected to have a positive impact on the global distributed generation market in the coming years.
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From a geographic point of view, Europe is projected to lead the distributed generation market. The soaring demand for electrical energy with rapid urbanization is expected to keep the region at the forefront. Additionally rise of industrialization and stringent government regulations pertaining to emissions to create a sustainable living are expected to boost the regional market during the forecast period of 2017 and 2025.
Some of the leading players operating in the global distributed generation market are Mitsubishi Hitachi Power Systems, Alstom S.A., E.ON. SE, Capstone Turbine Corporation, Siemens Energy, Fuel Cell Energy, Doosan Fuel Cell America, Ballard Power Systems, and Bloom Energy. The research report has profiled these players and provided the readers an accurate understanding of the financial outlook of these companies. The study has also mapped the key developments in the competitive landscape. It points out that players will focus on mergers and acquisitions to expand their business in the forthcoming years. The research report also includes Porter’s five forces reports to help the readers acquire an unbiased information of the nature of competition in the global distributed generation market.
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