Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Distributed Energy Generation Technologies Market: Ballard Power Systems Inc., First Solar Inc., FuelCell Energy Inc., General Electric Energy LLC (GE Energy) and Ingersoll-Rand plc.
Other Prominent Vendors in the market are: Generac Power Systems, Sharp, Siemens, Suntech Power Holdings, UTC Power and Yingli Green Energy Holding.
The report said: “Increased construction of smart grids is one of the key trends upcoming in this market. Emergence of smart grids is facilitating the growth of many smart-grid-related technologies, which include distributed energy generation technologies.”
According to the report, power blackouts have increased significantly in recent times, which is one of the factors driving the growth of this market. As a result various power utilities and end-users have started to adopt distributed energy generation technologies to increase the reliability of power grids.
Further, the report states that higher implementation costs are hindering market growth. Microgrid users are required to invest huge amounts in the installation of distributed energy generation systems. Consequently, various vendors and end-users have developed a reluctance to adopt these systems. High initial costs are attributed to the fact that the industry is yet to mature and standardize. Reluctance among end-users to adopt distribution energy storage systems has had an effect on the overall demand for these systems.
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.