Thursday 5 February 2015, Amsterdam
The new report recognizes the following companies as the key players in Global Renewable Distributed Energy Generation (RDEG) Technologies Market: Ballard Power System Inc., Bloom Energy Corp., First Solar Inc., SunPower Corp., Yingli Green Energy Holding Co. Ltd., Altergy Systems, Bergey Wind Power Co. Inc., Endurance Energy Ltd., JA Solar Holding Co. Ltd., Northern Power Systems Inc., REC Solar SA, SolarCity Corp. ,SunEdison Inc. Sungevity Inc., SunRun Inc., Wind Turbine Industries Corp.
Commenting on the report, an analyst from the reports team said: “RDEG is an emerging technology and the increasing interest in using RDEG because of its various benefits, such as its stable power supply, low carbon emissions, and low fuel consumption, is one of the major factors driving the Global RDEG Technologies market. For instance, SOFCs are eco-friendly energy sources used in distributed power generation because they are more efficient and reliable in providing a stable power supply. The SOFCs' ability to use a wide range of fuels for their operation also increases their use in a variety of applications. They are also cost-effective when compared to other fuel cell technologies and this, in turn, attracts numerous investors to invest in this technology. Thus, increasing interest in emerging technologies is one of the major trends in the Global RDEG Technologies market.”
According to the report, the growing awareness of RDEG technologies is one of the major drivers in this market. End-users play a significant role in the growth of the market. Hence, increased concerns for the use of alternative sources of electric power have led to the development of the RDEG market.
Further, the report states that one of the major challenges in this market is the high implementation cost. The installation of these technologies endures a high cost as the industry is still in the initial growth phase. Hence, various vendors and end-users are reluctant to adopt this technology as it leads to slower return and this will inhibit the growth of the market during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.