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Global Decentralized Electricity Generation Market: Overview

With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation.

The main objective of this research report is to provide a deep insight into the worldwide market for decentralized electricity generation on the basis of its historical performance and present status. The prime growth drivers, limitations, prominent trends, opportunities, challenges, and future potential of this market have also been examined thoroughly in this market study.

Global Decentralized Electricity Generation Market: Trends and Opportunities

The ever-augmenting need for electricity, which encourages electricity producing companies to raise their output in order to meet the consumer demand, is the prime factor behind the continual rise in the demand for decentralized electricity generation, as it offers the benefit of not being reliant on a single power station to fulfil the needs of a whole region. The ongoing expansion in several power intensive industries is also projected to reflect positively on the global demand for decentralized electricity generation over the next few years.

Global Decentralized Electricity Generation Market: Geographical Analysis

In terms of geography, the global market for decentralized electricity generation is primarily categorized into Europe, Asia Pacific, North America, and the Rest of the World that includes Latin America and the Middle East and Africa. Among these, Europe has emerged as the most active region in terms of the generation of decentralized electricity. Led by Austria, Germany, Switzerland, and France, this regional market is likely to remain on top over the next few years.

North America and Asia Pacific will also surface as key revenue contributors to this market in the forthcoming years. The dearth of a consistent grid infrastructure, specifically in the South East Asia, is anticipated to fuel the demand for off-grid power systems in Asia Pacific over the years to come. Malaysia, China, Australia, India, and Singapore are projected to dominate the Asia Pacific decentralized electricity generation market while the U.S., with the maximum numbers of power generation units, is likely to lead the North America market for decentralized electricity generation.

Brazil, Paraguay, Argentina, and the Middle Eastern countries are expected to drive the market for decentralized electricity generation in the Rest of the World.  

Companies Mentioned in the Research Report

Characterized by the presence of a large pool of market participants, the global market for decentralized electricity generation exhibits a fragmented structure. As the market is highly competitive, the leading players, namely, Ballard Power Systems, Ansaldo Energia, Capstone Turbine, Bloom Energy, and First Solar, are aggressively focusing on increasing research activates to develop novel products in order to sustain in this environment.

Some of the other prominent companies in this market are Acal, Aisin Seiki, Acumentrics, Altergy, Ceres Power, Ceramic Fuel Cells, Delphi Automotive, Doosan Fuel Cell, DMFCC (Subsidiary of VIASPACE), Electrochem, Enocell, EnergyOR Technologies, FUELCELLSETC, FuelCell Energy, GE, Horizon Fuel Cell Technologies, 2 Logic, Hydrogenics, Johnson Matthey Fuel Cells, Intelligent Energy, Kyocera, Kingspan Environmental, LG Fuel Cell Systems, Mitsubishi Heavy Industries, and Micro Turbine Tech BV (MTT).

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Decentralized Electricity Generation