Global Distributed Generation (DG) Markets, 2020-2021 & 2025: Virtual Power Plants (VPPs) - The DG Technology with Tremendous Growth Potential

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Apr 27, 2021, 10:30 ET

DUBLIN, April 27, 2021 /PRNewswire/ -- The "Distributed Generation (DG) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Distributed Generation (DG) is projected to reach US$183.2 billion by 2025, driven by the growing focus shed on decarbonizing power generation and transmission.

Ambitious clean energy targets aimed at increasing the share of renewables in the energy mix is also helping bring DG into the spotlight as the energy architecture of the future. Defined as energy generated close to the point of consumption by independent or grid connected microgrids, DG offers a host of benefits that promise to accelerate the pace of the global energy transition to a cleaner future.

DG systems are rapidly proliferating the residential as well as commercial and industrial sectors in the form of solar photovoltaic panels, small wind turbines, natural-gas-fired fuel cells, emergency backup generators, municipal solid waste incineration, biomass combustion or cofiring and combined heat and power systems, among others.

The rise of microgrids will emerge as a disruptive force breaking the once centralized electricity infrastructure into a more distributed system. Microgrids are localized groups of small, self-contained electricity grids with their own electricity source primarily renewables such as solar or wind. With deregulation of the electricity sector gaining momentum worldwide, alternatives to centrally planned power grids are emerging as attractive investments for private investors.

An example is the growing interest in private microgrid implementation. Private deployment of microgrids is growing with companies building their own microgrids as power interruptions and blackouts become increasingly common and frequent as a result of extreme weather conditions compounded by aging energy infrastructure.

Distributed energy has the potential to become consistently cheaper as compared to conventional power which is saddled by fixed costs of the massive centralized infrastructure. The price differentials, in the coming years, will result in increasing number of consumers migrating to alternative grids, leaving centralized utility grids to collapse under their own weight.

The United States, China and Europe represent large markets worldwide with a combined share of 70.1% of the market. China also ranks as the fastest growing market with a CAGR of 11% over the analysis period as the country opens its electricity markets to competition and increased DR investments.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Major Distributed Generation Technologies with Typical Installed Capacity Range
Categorization of Distributed Generation Technologies by Capacity Installations
Reciprocating Engines
Fuel Cells
Solar Photovoltaic (PV) Systems
Distributed Wind Turbines
Gas Turbines
Microturbines
Microhydroelectric Generators
Distributed Power Generation: A Game Changer for the Electric Power Industry
Solar Photovoltaic Technology Leading the Growth Run
Commercial Segment: A High Growth End Use Market
Europe: The Largest Regional Market
While Developed Regions Remain Primary Revenue Contributors, Developing Regions Exhibit Fast Paced Growth
Myriad Benefits of Distributed Generation Drives Widespread Adoption
Major Factors Driving Deployment of Distributed Generation in Developed and Developing Economies
Environmental Benefits
Utility Benefits
Reliability and Energy Security Benefits
Grid Expansion and Equipment Benefits
Favorable Government Regulations and Policies: Critical for Market Penetration
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
Global Economic Outlook
Reciprocating Combustion Engines (RCEs): The largest Segment
Distributed Solar: The High Growth Segment
Distributed Wind Power Becoming a More Accessible Option for Farmers in the US
Growing Interest in Distributed Fuel Cell Generation Systems to Benefit Stationary Fuel Cells
SOFCs: Ideal for Distributed Power Generation
Growing Prominence of Distributed Power Generation Benefits Market Prospects for Combustion Turbines
Distributed Power Technologies: Brief Details on Power Technology, Size Range, Power Efficiency Range, Fuel Options and Applications
Micro Turbines Witness Increasing Deployment in Distributed Energy Generation

2. FOCUS ON SELECT PLAYERS

ABB Limited
AES Distributed Energy
Ameresco, Inc.
Ansaldo Energia S.p.A.
Bergey WindPower Company
Bloom Energy Corporation
Canadian Solar Inc.
Capstone Turbine Corporation
Caterpillar, Inc.
Clarke Energy
Cummins, Inc.
E.ON SE
Flex Energy Solutions
FuelCell Energy, Inc.
GE Power
Huawei Technologies Co., Ltd.
Mitsubishi Heavy Industries Ltd.
Schneider Electric
Siemens AG
SMA Solar Technology AG
Vestas Wind Systems A/S
WArtsilA Corporation
XZERES Wind Corp.

3. MARKET TRENDS & DRIVERS

Robust Demand for Electricity Closer to the Point of Consumption Drives Proliferation of DG Technologies
Inefficiencies in Traditional Power Generation Model: Foundation for Market Growth
High DG Penetration in the Long Run to Lead to Utility Companies' 'Death Spiral'
Growing Focus on Renewable Energy: A Strong Growth Driver
Leading Wind Power Countries Worldwide (2018): Ranking Based on Key Wind Power Facts
Smart Grids to Complement Integration of DG Resources in Electric Utility Network
Innovative Application of Smart Grid in Enabling Energy Security
Distributed Generation: A Key Enabler of Smart Cities
Microgrids and Distributed Generation Transform Electricity Management Forever
DG Prosumers Continue to Depend on Utility Grids, Equitable Cost Sharing a Major Priority
Virtual Power Plants (VPPs): The DG Technology with Tremendous Growth Potential
Affordable, Efficient Energy Storage Technologies to Magnify the Disruptive Effect of DG
Commercialization of Stationary Fuel Cells to Revolutionize DG Market
Solar PV Attains Grid Parity: A Major Milestone for DG
Surging Demand from Telecom Network Operators Augurs Well for the DG Market
Favorable Demographic and Urbanization Trends Strengthens Market Prospects
Rapid Urbanization: A Mega Growth Driver for Distributed Generation
Key Challenges Hampering Large Scale Deployment of Distributed Generation
Technical Barriers
Lower Energy-Efficiency, Higher Costs of DG Equipment

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/2r2xq7

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