Distributed Energy Generation (DEG) Systems Market
Distributed Energy Generation (DEG) Systems Market for CHP, Solar Photovoltaic, Wind Turbine and Fuel Cells in Residential, Building, Institution and Commercial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018
Press Release :
Distributed Energy Generation Systems (DEG) Market to Ride on the Back of Increased R&D Activites
Over the forecast period, various factors such as demand for energy, emission reduction goals for greenhouse gases (GHG), increasing government policies, and growing consciousness about the environment are expected to boost global distributed energy generation systems (DEG) market. Market growth is likely to be influenced by the rising research and development initiatives towards the development of new technologies. The demand for distributed energy generation systems is likely to be fuelled by various government schemes and incentives. A case in point is feed-in tariffs in Asia Pacific and North America. Government schemes seek to facilitate the deployment of such systems through various commercial, residential, and industrial applications, which is likely to bolster growth of the global distributed energy generation systems (DEG) market in near future. Depending on the application and also their position, these systems can be run on-grid and off-grid. In addition, it is estimated that the key benefits of DEG over traditional methods of generating energy is estimated to stimulate growth of the market.
Favorable Government Policies to Foster Growth of the Market in Near Future
Since 2014, the implementation of DEG technologies has increased substantially as a result of the adoption of supportive government policies, such as the Production Tax Credit (PTC) and Investment Tax Credit (ITC). PTC policy offers kilowatt-hour tax credit for DEG resource-generated electricity and ITC policy needs tax credit is taken on the basis of the amount invested rather than electricity generated. It is expected that augmented understanding of clean energy sources would increase demand for DEG systems. In addition, DEG systems are cheaper than traditional methods of producing electricity.
Growing awareness about clean sources of energy is likely to increase the demand for DEG systems. In addition to that, these systems are much cheaper than the usual methods of power generation. Therefore, rising demand for a clean energy source together with the economic cost of the item, is projected to have a positive impact on growth of the global distributed energy generation systems (DEG) market in the forthcoming years.
- Distributed Energy Generation Systems Market: Technology Analysis
- Solar photovoltaic
- Combined heat and power (CHP)
- Wind turbine
- Reciprocating engines
- Fuel cells
- Distributed Energy Generation Systems Market: End User Analysis
- Buildings and Institutions
- Commercial and Industrial
- Distributed Energy Generation Systems Market: Application Analysis
- On Grid
- Off Grid
- Distributed Energy Generation Systems Market: Regional Analysis
- North America
- MEA (Middle East & Africa)
- Rest of the World (Brazil and Mexico)