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In a recently published report, Global Distributed Power Generation Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Distributed Power Generation Market products.
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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.
Distributed energy and power generation have been in the frenzy with the sudden outcry for cleaner energy sources. While normally, power comes from being generated at a plant, distributed power shifts control to the consumer. In other words, power is generated at the point of its consumption. This has many benefits of conventional power generation, namely reduced transmission costs, less energy wastages, and cleaner resources to explore for power. Distributed power generation explores tapping energy from multiple resources, both conventional as well as unconventional options.
Valued at US$ XX in 2017 and growing at a CAGR of XX% in the period 2017-22, the global distributed power generation market is expected to reach a valuation of US$ XX by 2022.
End Users/Technology
Conventionally, distributed power referred to diesel engines. While these did provide with adequate power, they were scarcely a clean way of generating power. People, in general, don't prefer how the dirty or unsafe the process of generating power is as long as it is done in places far away from their homes. But when exploring for distributed power as an alternative, diesel engines seldom fulfil the requirements, as a dirty source as such can be a complication to consumers if placed right outside their living rooms. Cleaner alternatives include solar energy and localised wind energy counterparts.
Market Dynamics
The global distributed power generation market is poised to grow steadily with the rising worries of the exorbitant costs involved in transmission line installations. With distributed energy alternatives, there would be minimal to nil requirements in materials as opposed to conventional power generation (the likes of thermal/hydroelectric power plants).
Rising outcries for eco-friendly alternatives have promoted government regulatory support in favour of distributed power installations. In many emerging economies, governments have invited distributed energy generation to be adopted at homes, promising sanctions and subsidies for the same.
The irregularities with which power can be tapped through distributed power is a major concern for both households as well as industries, as rarely do they provide with a steady supply. In the case of solar, while it does provide with a clean supply of energy, it is heavily dependent on the intermittence of available sunlight. Another factor stunting the market's growth is the heavy installation expenses that come with distributed power generation (heavy, when compared to present costs circulating around conventional power at individual households).
Market Segmentation
The market is segmented into CHP (combined heat and power), fuel cell, and solar photovoltaic and wind turbine. CHP enjoys the highest share in the market, providing clean eco-friendly fuel at nominal expenses. The other segments are expected to increase in valuation with rising research and development being invested into them.
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Geographical Analysis
In terms of capacity and market prominence, Europe enjoys the biggest share. Market growth is favoured much here due to the many commission issued by the EU in the interest of ecological conservation. In terms of capacity, Asia Pacific is the largest market, driven by government regulatory moves in many emergent economies in the region.
Key players
Companies that hold prominent shares in the market include General Electric, Sharp Corporation, JA Solar Holdings, First Solar, Ingersoll-Rand, Siemens, and UTC Power.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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