Efficacy of Stand-alone Power Sources Drive The Global Distributed Energy Generation Market
The global market for distributed energy generation is expected to magnify at a momentous CAGR of 11.4% between 2016 and 2020. The small-scale generation of electricity, oscillating from a few kilowatts to multitudes of megawatts, is denoted as distributed energy generation. In this process, power is usually produced using renewable resources or by generators during consumption. As these distributed energy generation systems can operate as individual power sources, the call for the same is progressively snowballing throughout the world.
With the launch of smart grids and the extension of power generation resources, the power generation system has witnessed sizable amendments in the past few years. In addition, with global warming emerging as one of the foremost trepidations, quite a few nations are concentrating on the necessity for unpolluted, reasonable, and consistent energy source. This sequentially, compels utilities and energy companies to generate power using low or no carbon fuels, which demand the need for changes in the grid structure. These alterations will affect in growing the intricacies of grid operation and energy corporations will probably implement energy management systems to achieve a better acumen of their power network in the coming years.
The rampant growth of the telecommunication sector due to the upsurge in number of mobile consumers is likely to encourage telecom operators to fit innovative base transceiver stations (BTS). This will result in the installation of base stations in distant places where undependable grid networks demand the use of diesel generators. In the meantime, diesel takes up nearly 40% of the overall operational expenses, telecom operators are eyeing to implementing distributed energy systems such as micro-turbines and solar hybrid power systems.
An upswing in electrification through hybrid decentralized power systems is an additional aspect that is clearly swaying the worldwide market for distributed energy systems. In addition, a transformation in grid structure that permits decentralization of power generation and the necessity for robust grids are boosting the market.
The market is categorized by the existence of various dealers and looks to uneven. Meanwhile the market’s competitive atmosphere is extreme, dealers are presently concentrating on growing their R&D stashes to develop the effectiveness of their products and decrease the per MW charge of micro-turbines. Dealers with an enormous investment and a varied product assortment tailor the needs of numerous industries, while small and regional dealers stress on providing effectual resolutions to particular industrial sectors.
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