Selbyville, Delaware, March 15, 2021 (GLOBE NEWSWIRE) — According to reliable sources, worldwide distributed energy generation market size was worth USD 243 billion in 2019 and is anticipated to record a y-o-y growth rate of 11.5% to accumulate USD 581 billion by the year 2027. Introduction of new legislative packages by government of various nations across the globe, in consort with inflowing investment for renewable energy projects, amplification of smart grid infrastructure, and federal emphasis on minimizing the carbon footprint by usage of cleaner fuels are providing major impetus for industry expansion.
Moreover, the report highlights growth catalysts, restraints, challenges, and profitable opportunities influencing the expansion matrix of the market over the analysis timeframe. It goes on to classify the marketplace based on technology and application terrains, while drawing attention to regional and competitive ambits, thereby revealing the areas with the best revenue generation prospects.
Citing an instance, in 2020, Korean government announced its plan to allocate USD 9 billion for renewable energy projects over the next three years. Likewise, Southeast Asian nations are speculated to divulge USD 9.8 billion towards smart grid infrastructure over 2018-2027.
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For the unversed, distributed energy generation is decentralized system which produces, stores, and distributes energy to businesses, homes, and industrial areas. These unit usually employ solar power or fuel cell technology. Energy for distribution can be derived either from renewable or non-renewable sources. The ability to work as a substitute as well as supplement to conventional electric power system is impelling the demand for distributed energy generation systems.
However, strict emission regulations, along with unstandardized laws for different distribute energy sources are restraining the global distributed energy generation industry outlook.
Expounding market segmentations:
Based on technology gamut, the marketplace is categorized into gas & steam turbine, fuel cells, reciprocating engines, solar photovoltaic, and wind turbine. While various application areas include commercial & industrial, and residential.
Expert verbatim cite that Asia Pacific led the worldwide distributed energy generation market forecast in the past and is slated to generate substantial revenues over the ensuing years. This expansion trend can be credited to rising funding towards deployment of smart grids and microgrids, coupled with amplified renewable energy generation capacity. Also, stringent environmental mandates, and presence of renowned players are acting as boons for the regional market.
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Global Distributed Energy Generation Market by Technology Type (Revenue, USD Billion, 2017-2027)
- Gas & Steam Turbine
- Fuel Cells
- Reciprocating Engines
- Solar Photovoltaic
- Wind Turbine
Global Distributed Energy Generation Market Application Spectrum (Revenue, USD Billion, 2017-2027)
- Commercial & Industrial
Global Distributed Energy Generation Market Regional Ambit (Revenue, USD Billion, 2017-2027)
- South Korea
- United Kingdom
Global Distributed Energy Generation Market Company Profiles (Revenue, USD Billion, 2017-2027)
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Suzlon Energy Limited
- Rolls-Royce Holdings plc
- Doosan Heavy Industries & Construction Co. Ltd.
- Ballard Power Systems Inc.
- Caterpillar Inc.
- Capstone Turbine Corporation
- Vestas Wind Systems A/S
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Distributed Energy Generation Market, by Region, 2018-2027 (USD Billion)
1.2.2. Distributed Energy Generation Market, by Technology, 2018-2027 (USD Billion)
1.2.3. Distributed Energy Generation Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Distributed Energy Generation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Distributed Energy Generation Market Dynamics
3.1. Distributed Energy Generation Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Distributed Energy Generation Market Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Distributed Energy Generation Market, by Technology
5.1. Market Snapshot
5.2. Global Distributed Energy Generation Market by Technology, Performance – Potential Analysis
5.3. Global Distributed Energy Generation Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
5.4. Distributed Energy Generation Market, Sub Segment Analysis
5.4.1. Wind Turbine
5.4.2. Solar Photovoltaic
5.4.3. Reciprocating Engines
5.4.4. Fuel Cells
5.4.5. Gas & Steam Turbine
Chapter 6. Global Distributed Energy Generation Market, by Application
6.1. Market Snapshot
6.2. Global Distributed Energy Generation Market by Application, Performance – Potential Analysis
6.3. Global Distributed Energy Generation Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Distributed Energy Generation Market, Sub Segment Analysis
6.4.2. Commercial & Industrial
Chapter 7. Global Distributed Energy Generation Market, Regional Analysis
Global Advanced Battery Energy Storage System Market Size study and Regional Forecasts 2020-2027
Global Advanced Battery Energy Storage System Market to reach USD 221.12 billion by 2027, as per new research report. Global Advanced Battery Energy Storage System Market is valued at approximately USD 151.96 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2027. Battery energy storage systems can store viable amount of energy from renewable sources, such as wind and sun. This means that the power grids can be supplied, through using clean, natural sources, preserving on energy production costs, and preventing the distribution of pollutants into the environment.
Power storage is a benefit as a consequence of its swift response and as compared to any fossil fuel, storage technologies can deliver energy much more rapidly. This is a vital benefit particularly when the consumption of electricity increases and surpasses the supply. Therefore, rising focus toward improving the cost competitiveness of the power grid by safeguarding high stability, coupled with extensive adoption of clean energy sources will strengthen the demand for advanced battery energy storage system market. For instance, the government of Saudi Arabia has announced the initiative for renewable energy funding of USD 28 billion in October 2019 that offers a loan as high as 1.2 billion riyals (USD 0.32 billion) for clean energy projects. Thus, the increased availability of funds and grant for clean energy projects may fuel the demand for advanced battery energy storage system market.
Grid Scale Stationary Battery Storage Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2030
The grid scale stationary storage battery market is projected to witness a remunerative growth trend owing to the rising investments in renewable energy and increasing grid infrastructure upgradation initiatives. Battery storage systems are evolving as one of the most prominent solutions for effectively integrating high shares of solar and wind renewables in power systems across the globe. Energy storage systems offers a wide range of technological approaches for managing the power supply so as to form a strong energy infrastructure and further bring cost savings to consumers and utilities. Energy shifting & capacity deferral segment will witness growth owing to the growing demand for energy storage systems due to the changing energy sources and supply postponement from traditional grid lines. The transmission and distribution congestion relief segment is anticipated to register a remunerative growth trend as energy storage systems deployment is anticipated to increase due to efforts to minimize the capital investment in grid line upgradation.
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