Global distributed energy generation technologies market: 20.2% CAGR growth forecast between 2012-51
Global Distributed Energy Generation Technologies Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 00:06:04
The Global Distributed Energy Generation Technologies market is to grow at a CAGR of 20.25 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing occurrence of power blackouts. The Global Distributed Energy Generation Technologies market has also been witnessing the acceleration of distributed energy resources and a rise in power demand. However, the high implementation cost could pose a challenge to the growth of this market.
The growing demand for power and need to reduce the usage of fossil fuels, which currently generate 80 percent of global power, will lead to a crisis in the Power industry. It is not possible to meet the power demand with the existing power infrastructure. The long time taken for the construction of the fossil fuel power generation plants has led to dependency on distributed energy resources, which can be easily constructed within a short period of time. The main drawback of the centralized power plant is the huge loss of electricity that takes place during its transmission through cables, an issue that does not exist in distributed energy generation becauses the point of generation and consumption is the same. This advantage of distributed energy generation is leading to an increase in the adoption of distributed power generation and is enhancing the growth of the Global Distributed Energy Generation Technologies market.
One of the major drivers in this market is the increasing occurrence of power blackouts. The increase in power blackouts has affected plenty of people in various states such as Arizona, Baja California, and Sonora. As power blackouts can last for long time periods without being rectified, various power utilities and end-users have started adopting distributed energy generation techniques, an approach which is also expected to increase the reliability of the power grid.
One of the major challenges in this market is the high implementation cost. As microgrid users have to make a substantial investment to install distributed energy generation, various vendors and end-users are reluctant to adopt this technology. The high cost is due to the industry being in the growth phase and it is therefore still at the stage of being standardized. This reluctance to adopt will make it difficult for the market is to grow at a fast pace during the forecast period.
The key vendors dominating this market space are Ballard Power Systems Inc., First Solar Inc., FuelCell Energy Inc., General Electric Energy LLC, Ingersoll-Rand plc, JA Solar Holdings Co. Ltd., Sharp Corp., Siemens AG, Suntech Power Holdings Co. Ltd., UTC Power LLC, and Yingli Green Energy Holding Co. Ltd. Other vendors are ALM Turbine Inc., Ampair Energy Ltd., Bergey Windpower Co.Inc., Canyon Industries Inc., Capstone Turbine Corp., Cargo & Kraft Turbin Sverige AB, Cellkraft AB, Conergy AG, Cummins Power Generation Inc., Deutz AG, Electrochem Inc., Fortis Wind Energy B.V., Fuchun Industry Development Co. Ltd., Generac Power Systems Inc., Gilbert Gilkes & Gordon Ltd., Gugler Water Turbines GmbH, BP Solar International Inc., Horizon Fuel Cell Technologies Pte. Ltd., Kohler Power Systems, MTI MicroFuel Cells Inc., NexTech Materials Ltd., Powerzinc Electric Inc., Solar Turbines Inc., Ansaldo Energia s.p.a, Wartsila Corp., and Wilson Solarpower Corp.
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