What is Commercial Distributed Energy Generation Market?
Distributed energy generation is the variety of technologies that generate electricity at or near where it will be used, such as solar panels and combined heat and power. Distributed energy generation serves a single structure, such as a home or business, or the part of a microgrid which is a smaller grid that is also tied into the larger electricity delivery system such as at a major industrial facility, a military base, or a large college campus. For commercial sectors, the distributed energy generations include resources like combined heat and power systems, solar photovoltaic panels, Wind, Hydropower, Biomass combustion or cofiring, municipal solid waste incineration and others.
The market study is being classified, by Application (On-Grid and Off-Grid) and major geographies with country level break-up.
ABB (Switzerland), Siemens (Germany), Alstom (France), Capstone Turbine Corporation (CPST) (United States), GE (United States), Wood Group (United Kingdom), Schneider Electric (France), Mitsubishi Heavy Industries Ltd (Japan), Caterpillar (United States) and Ansaldo Energia SpA (Italy) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Fuelcell Energy (United States).
The global commercial distributed energy generation market is witnessing rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Commercial Distributed Energy Generation market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Commercial Distributed Energy Generation market by Type, Application and Region.
On the basis of geography, the market of Commercial Distributed Energy Generation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Promotion by Government for the Installations of Distributed Energy Generation System
- Advantages Such as Lower Operating Costs and Reduced Per Unit Electricity Costs
- Increasing Awareness about the Clean Energy Resources
- Reluctance to Spend on Distributed Generation
- Growing Environmental Concerns May Boost the Market Growth
- Increasing Electricity Costs and Outage Issues in Rural Areas
- Intermittent and Variable Nature of Sources like Solar and Wind
Market Leaders and some development strategies
On 5th March 2020, ABB has acquired Cylon Controls electronic manufacturing platform which provides smart energy solutions for businesses.
On 5th February 2019, Go electric Inc. has announced launch of its new micro grid-enabled switchgear product, Hive. It is designed and engineered to provide facilities with critical energy reliability and resiliency when experiencing disturbances from the electric grid.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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