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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

Over the past couple of decades, the demand for energy has rose significantly. Technological evolution has led to production of electrical appliances catering to several human needs. This in turn has fuelled energy demand. DEG systems are gaining popularity owing to its beneficial properties. They play a crucial role in catering the rising energy demand. The DEG systems are more economical, safer and eco friendly compared to conventional energy generation systems. Insufficient power supplied by centralized power systems coupled with their rising prices are expected to lay groundwork for the DEG systems market. 
 
Insufficient centralized electricity supply, paradigm shift in energy generation towards green technology, increased awareness towards carbon footprint reduction coupled with revised FIT (Feed in Tariff) rates are expected to spur the market growth. Furthermore, the high cost of the raw materials act as a major barrier to the market. However, price decline in coming years is expected to overcome the restraint. Depleting fossil fuel coupled with their rising prices impacts the cost of energy generation.
 
CHP (Combined Heat and Power) and solar PV technology segments are major contributors to the DEG systems market which is followed by wind turbines, microturbines and fuel cell segments. Today’s renewable systems are cost competitive and the most economic option for off-grid electrification. Low prices are likely to open new opportunities for the market which has helped reach grid parity quickly in this high priced electricity markets. The 2004/8/EC directive was developed by the European Commission (EC) in 2004 to trim down emissions (greenhouse gases) and support cogeneration systems. This promotes DEG systems market that contributes positively to the security of energy supply.
 
Currently DEG systems are widely preferred over the conventional power generating systems due to substantial loss of energy over transmission lines. The grid connected systems dominated the market in 2011 while the off grid systems are rapidly growing segments due to growing energy demand in areas without grid connection network. 
Europe dominated the market owing to the glut of investments made by manufacturers and financial support provided by government. Europe acquired maximum market share which was followed by Asia Pacific and North America. Europe and Asia Pacific are the prominent centers for DEG. Asia Pacific market is expected to grow significantly chiefly due to the availability of cheap labor and financial incentive schemes minimizing the production cost. Capstone has a strong presence in Asia Pacific supplying microturbines. The abundance of solar radiation and wind power is expected to spur the market growth in Europe and MEA (Middle East and Africa).
 
The DEG market is dominated by large multinationals worldwide. GE Energy dominated the market in 2012. GE Energy dominated the market on account of its strong brand value and strong distribution network worldwide. Technological evolution affected the market scenario and participants equally. Research and development keeps the manufacturers on their toes which encourages them to formulate new business strategy. Heliatek adopted product differentiation strategy by developing organic solar cells. Mitsubishi Power Systems and Vestas Wind Systems had a global presence coupled with effective distribution network.
 
Capstone Turbine corporation supplies DEG systems to Asia Pacific region marking its strong presence. GE Energy operates under three verticals, GE Energy Management, GE Oil & Gas and GE Power & Water. GE Energy offers wind turbines and solar technology as part of its renewable energy portfolio and sells steam turbines and generators to the electric utility industry. The company is focusing on both organic and inorganic growth. Organic growth is through innovative technological development whereas inorganic growth is through acquisition. GE’s WindBOOST service technology can be considered as organic growth.

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.

     
    Chapter 1 Preface
    1.1 Report Description
    1.2 Research Scope
    1.3 Market Segmentation
    1.4 Research Methodology
     
    Chapter 2 Executive Summary
     
    Chapter 3 Market Overview
    3.1 Introduction
    3.2 Value chain analysis
    3.3 Market Drivers
         3.3.1 Paradigm shift in generation of energy, towards green technology
         3.3.2 Key technologies expected to be price competent
         3.3.3 Increasing awareness about reducing carbon footprint
         3.3.4 Retooled Feed in Tariff’s (FIT) and government incentive schemes spurring the demand
    3.4 Market Restraints
         3.4.1 High initial cost and climate dependent systems
    3.5 Market Opportunities
         3.5.1 Emerging markets and development of eco-friendly distributed energy generation systems
    3.6 Pricing Trend
    3.7 Porter’s five forces analysis
         3.7.1 Bargaining power of suppliers
         3.7.2 Bargaining power of buyers
         3.7.3 Threat from substitutes
         3.7.4 Threat of new entrants
         3.7.5 Degree of competition
    3.8 Market attractiveness analysis of DEG systems market, by technology, 2012
    3.9 Company market share analysis
         3.9.1 Distributed Energy Generation (DEG) Systems company market share analysis, 2012
         3.9.2 Company market share of solar PV systems market, 2012
         3.9.3 Company market share of CHP installation market, 2012
         3.9.4 Company market share of fuel cell market, 2012
     
    Chapter 4 Distributed Energy Generation Systems - Technology Analysis
    4.1 Distributed energy generation systems market: Technology overview
         4.1.1 Global DEG systems installation market, volume share by technology segment, 2011 - 2018
    4.2 Combined Heat and Power (CHP)
         4.2.1 Global CHP DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    4.3 Wind turbines
         4.3.1 Global wind turbine DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    4.4 Solar PV systems
         4.4.1 Global solar PV DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    4.5 Reciprocating engines
         4.5.1 Global reciprocating DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    4.6 Micro turbines
         4.6.1 Global micro turbine DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    4.7 Fuel cells
         4.7.1 Global fuel cell DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
     
    Chapter 5 Distributed Energy Generation Systems - Application Analysis
    5.1 Distributed energy generation systems market: Application overview
         5.1.1 Global DEG systems installation market, volume share by grid segment, 2011 and 2018
    5.2 On-grid
         5.2.1 Global on grid DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    5.3 Off grid
         5.3.1 Global off grid DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
     
    Chapter 6 Distributed Energy Generation Systems - End-use Analysis
    6.1 Distributed energy generation systems market: End-use overview
         6.1.1 Global DEG systems installation market, volume share by end use segment, 2011 - 2018
    6.2 Residential
         6.2.1 Global residential DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    6.3 Buildings and institutions
         6.3.1 Global building and institution DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
    6.4 Commercial and industries
         6.4.1 Global commercial and industrial DEG systems installation market estimates and forecast, 2011 – 2018 (MW) (USD Million)
     
    Chapter 7 Distributed Energy Generation Systems - Regional Analysis
    7.1 Distributed energy generation systems market: Geographic overview
         7.1.1 Global DEG systems installation market, volume share by geography, 2011 - 2018
         7.1.2 Global DEG systems installation market estimate and forecast, by geography, 2011 – 2018 (MW) (USD Million)
    7.2 North America
         7.2.1 North America DEG systems installation market estimate and forecast, by technology segment, 2011 – 2018, (MW) (USD Million)
         7.2.2 North America DEG systems installation market estimate and forecast, by application segment, 2011 – 2018, (MW) (USD Million)
         7.2.3 North America DEG systems installation market estimate and forecast, by end use segment, 2011 – 2018, (MW) (USD Million)
    7.3 Europe
         7.3.1 Europe DEG systems installation market estimate and forecast, by technology segment, 2011 – 2018, (MW) (USD Million)
         7.3.2 Europe DEG systems installation market estimate and forecast, by application segment, 2011 – 2018, (MW) (USD Million)
         7.3.3 Europe DEG systems installation market estimate and forecast, by end use segment, 2011 – 2018, (MW) (USD Million)
    7.4 Asia Pacific
         7.4.1 Asia Pacific DEG systems installation market estimate and forecast, by technology segment, 2011 – 2018, (MW) (USD Million)
         7.4.2 Asia Pacific DEG systems installation market estimate and forecast, by application segment, 2011 – 2018, (MW) (USD Million)
         7.4.3 Asia Pacific DEG systems installation market estimate and forecast, by end use segment, 2011 – 2018, (MW) (USD Million)
    7.5 MEA (Middle East and Africa)
         7.5.1 MEA DEG systems installation market estimate and forecast, by technology segment, 2011 – 2018, (MW) (USD Million)
         7.5.2 MEA DEG systems installation market estimate and forecast, by application segment, 2011 – 2018, (MW) (USD Million)
         7.5.3 MEA DEG systems installation market estimate and forecast, by end use segment, 2011 – 2018, (MW) (USD Million)
    7.6 RoW (Rest of World)
         7.6.1 RoW DEG systems installation market estimate and forecast, by technology segment, 2011 – 2018, (MW) (USD Million)
         7.6.2 RoW DEG systems installation market estimate and forecast, by application segment, 2011 – 2018, (MW) (USD Million)
         7.6.3 RoW DEG systems installation market estimate and forecast, by end use segment, 2011 – 2018, (MW) (USD Million)
     
    Chapter 8 Company Profiles
    8.1 Alstom
         8.1.1 Company overview
         8.1.2 Product Portfolio
         8.1.3 Financial overview
         8.1.4 Business strategy
         8.1.5 SWOT analysis
         8.1.6 Recent developments
    8.2 Ballard Power Systems Inc.
         8.2.1 Company overview
         8.2.2 Financial overview
         8.2.3 Product portfolio
         8.2.4 Business strategy
         8.2.5 SWOT analysis
         8.2.6 Recent developments
    8.3 Calnetix Technologies, LLC
         8.3.1 Company overview
         8.3.2 Product Portfolio
         8.3.3 Business strategy
         8.3.4 SWOT analysis
         8.3.5 Recent developments
    8.4 Canyon Hydro
         8.4.1 Company overview
         8.4.2 Product portfolio
         8.4.3 Business strategy
         8.4.4 SWOT analysis
         8.4.5 Recent developments
    8.5 Capstone Turbine Corporation
         8.5.1 Company overview
         8.5.2 Product portfolio
         8.5.3 Financial overview
         8.5.4 Business strategy
         8.5.5 SWOT analysis
         8.5.6 Recent developments
    8.6 Cargo & Kraft Turbin Sverige AB
         8.6.1 Company overview
         8.6.2 Product portfolio
         8.6.3 Business strategy
         8.6.4 SWOT analysis
         8.6.5 Recent developments
    8.7 Caterpillar Power Plants
         8.7.1 Company profile
         8.7.2 Product Portfolio
         8.7.3 Financial overview
         8.7.4 SWOT Analysis
         8.7.5 Business strategies
         8.7.6 Recent developments
    8.8 ClearEdge Power
         8.8.1 Company overview
         8.8.2 Product portfolio
         8.8.3 Business strategy
         8.8.4 SWOT analysis
         8.8.5 Recent developments
    8.9 Enercon
         8.9.1 Company overview
         8.9.2 Product portfolio
         8.9.3 Business strategy
         8.9.4 SWOT analysis
         8.9.5 Recent developments
    8.10 E.ON SE
         8.10.1 Company overview
         8.10.2 Financial overview
         8.10.3 Business strategy
         8.10.4 SWOT analysis
         8.10.5 Recent developments
    8.11 Fuel Cell Energy
         8.11.1 Company overview
         8.11.2 Product portfolio
         8.11.3 Financial overview
         8.11.4 Business strategy
         8.11.5 SWOT analysis
         8.11.6 Recent developments
    8.12 Gamesa Corp
         8.12.1 Company overview
         8.12.2 Product portfolio
         8.12.3 Financial overview
         8.12.4 Business strategy
         8.12.5 SWOT analysis
         8.12.6 Recent developments
    8.13 General Electric Energy
         8.13.1 Company profile
         8.13.2 Product Portfolio
         8.13.3 Financial overview
         8.13.4 SWOT Analysis
         8.13.5 Business strategies
         8.13.6 Recent developments
    8.14 Gilbert Gilkes & Gordon Ltd
         8.14.1 Company overview
         8.14.2 Product portfolio
         8.14.3 Business strategy
         8.14.4 SWOT analysis
         8.14.5 Recent developments
    8.15 Goldwind
         8.15.1 Company overview
         8.15.2 Product portfolio
         8.15.3 Financial overview
         8.15.4 Business strategy
         8.15.5 SWOT analysis
         8.15.6 Recent developments
    8.16 GUGLER Water Turbines GmbH
         8.16.1 Company overview
         8.16.2 Product portfolio
         8.16.3 Business strategy
         8.16.4 SWOT analysis
         8.16.5 Recent developments
    8.17 Mitsubishi Power Systems Americas Inc.
         8.17.1 Company overview
         8.17.2 Product portfolio
         8.17.3 Business strategy
         8.17.4 SWOT analysis
         8.17.5 Recent developments
    8.18 OPRA Turbines BV
         8.18.1 Company overview
         8.18.2 Product portfolio
         8.18.3 Business strategy
         8.18.4 SWOT analysis
         8.18.5 Recent developments
    8.19 Rolls-Royce plc
         8.19.1 Company overview
         8.19.2 Product Portfolio
         8.19.3 Financial overview
         8.19.4 Business strategy
         8.19.5 SWOT analysis
         8.19.6 Recent Developments
    8.20 Siemens Energy
         8.20.1 Company overview
         8.20.2 Product portfolio
         8.20.3 Financial overview
         8.20.4 Business strategy
         8.20.5 SWOT analysis
         8.20.6 Recent developments
    8.21 Suzlon
         8.21.1 Company overview
         8.21.2 Product portfolio
         8.21.3 Financial overview
         8.21.4 Business strategy
         8.21.5 SWOT analysis
         8.21.6 Recent developments
    8.22 Toyota Turbine and Systems Inc.
         8.22.1 Company overview
         8.22.2 Product portfolio
         8.22.3 Financial overview
         8.22.4 Business strategy
         8.22.5 SWOT analysis
         8.22.6 Recent development
    8.23 Vestas
         8.23.1 Company overview
         8.23.2 Product portfolio
         8.23.3 Financial Overview
         8.23.4 Business strategy
         8.23.5 SWOT analysis
         8.23.6 Recent developments
    8.24 Yingli Solar
         8.24.1 Company Overview
         8.24.2 Financial overview
         8.24.3 Business strategy
         8.24.4 SWOT analysis
         8.24.5 Recent developments
    List of Tables
     
    TABLE 1Global DEG Systems Market Snapshot
    TABLE 2Drivers of global distributed energy generation systems market: Impact analysis
    TABLE 3Fossil fuel carbon dioxide emission during electricity generation
    TABLE 4Restraints of distributed energy generation systems market: Impact analysis
    TABLE 5Price trend for DEG systems by technology segment, 2010 - 2018 (USD Per Watt) 
    TABLE 6Global DEG systems installation market estimate and forecast, by geography, 2011 -2018 (MW) 
    TABLE 7Global DEG systems market volume and forecast, by geography, 2011 - 2018 (USD Million) 
    TABLE 8North America DEG systems market volume and forecast, by technology segment, 2011 - 2018 (MW) 
    TABLE 9North America DEG systems market volume and forecast, by technology segment, 2011 - 2018 (USD Million) 
    TABLE 10North America DEG systems market volume and forecast, by application segment, 2011 - 2018 (MW) 
    TABLE 11North America DEG systems market volume and forecast, by application segment, 2011 - 2018 (USD Million) 
    TABLE 12North America DEG systems market volume and forecast, by end use segment, 2011 - 2018 (MW) 
    TABLE 13North America DEG systems market volume and forecast, by end use segment, 2011 - 2018 (USD Million) 
    TABLE 14Europe DEG systems market volume and forecast, by technology segment, 2011 - 2018 (MW) 
    TABLE 15Europe  DEG systems market volume and forecast, by technology segment, 2011 - 2018 (USD Million) 
    TABLE 16Europe DEG systems market volume and forecast, by application segment, 2011 - 2018 (MW) 
    TABLE 17Europe DEG systems market volume and forecast, by application segment, 2011 - 2018 (USD Million) 
    TABLE 18Europe DEG systems market volume and forecast, by end use segment, 2011 - 2018 (MW) 
    TABLE 19Europe DEG systems market volume and forecast, by end use segment, 2011 - 2018 (USD Million) 
    TABLE 20Asia Pacific DEG systems market volume and forecast, by technology segment, 2011 - 2018 (MW) 
    TABLE 21Asia Pacific DEG systems market volume and forecast, by technology segment, 2011 - 2018 (USD Million) 
    TABLE 22Asia Pacific  DEG systems market volume and forecast, by application segment, 2011 - 2018 (MW) 
    TABLE 23Asia Pacific DEG systems market volume and forecast, by application segment, 2011 - 2018 (USD Million) 
    TABLE 24Asia Pacific DEG systems market volume and forecast, by end use segment, 2011 - 2018 (MW) 
    TABLE 25Asia Pacific DEG systems market volume and forecast, by end use segment, 2011 - 2018 (USD Million) 
    TABLE 26MEA DEG systems market volume and forecast, by technology segment, 2011 - 2018 (MW) 
    TABLE 27MEA  DEG systems market volume and forecast, by technology segment, 2011 - 2018 (USD Million) 
    TABLE 28MEA DEG systems market volume and forecast, by application segment, 2011 - 2018 (MW) 
    TABLE 29MEA DEG systems market volume and forecast, by application segment, 2011 - 2018 (USD Million) 
    TABLE 30MEA DEG systems market volume and forecast, by end use segment, 2011 - 2018 (MW)
    TABLE 31MEA DEG systems market volume and forecast, by end use segment, 2011 - 2018 (USD Million) 
    TABLE 32RoW DEG systems market volume and forecast, by technology segment, 2011 - 2018 (MW) 
    TABLE 33RoW DEG systems market volume and forecast, by technology segment, 2011 - 2018 (USD Million) 
    TABLE 34RoW DEG systems market volume and forecast, by application segment, 2011 - 2018 (MW) 
    TABLE 35RoW DEG systems market volume and forecast, by application segment, 2011 - 2018 (USD Million) 
    TABLE 36RoW DEG systems market volume and forecast, by end use segment, 2011 - 2018 (MW)
    TABLE 37RoW DEG market volume and forecast, by end use segment, 2011 - 2018 (USD Million)

    List of Figures 

     

    FIG. 1 DEG Systems: Technology, Application, End Use and Regional Analysis

    FIG. 2 Global DEG systems market volume and revenue, 2011 – 2018 (MW) (USD Million)

    FIG. 3 Value chain analysis of distributed energy generation system

    FIG. 4 Global coal consumption for energy generation, 2010– 2020, Million Tons

    FIG. 5 Average selling price of coal, 2008– 2012, (USD per Ton)

    FIG. 6 Global carbon emissions released during energy generation using fossil fuels, 2010– 2018, Kilo Ton

    FIG. 7 Global solar PV system prices, 2011– 2018, USD Per Watt

    FIG. 8 Natural Gas & Coal Pricing Trend, 2008-2012

    FIG. 9 Pricing trend for DEG systems by technology segment, 2010 - 2018

    FIG. 10 Porter’s five forces analysis

    FIG. 11 Market attractiveness analysis of DEG systems market, by technology, 2012

    FIG. 12 Company market share of DEG systems market, 2012

    FIG. 13 Company market share of solar PV systems market, 2012

    FIG. 14 Company market share of CHP systems installation market, 2012Company market share of CHP market, 2012

    FIG. 15 Company market share of fuel cell market, 2012

    FIG. 16 Global DEG systems installation market, volume share by technology segment, 2011 and 2018

    FIG. 17 Global CHP DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 18 Global wind turbine DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 19 Global solar PV DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 20 Global reciprocating DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 21 Global micro turbine DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 22 Global DEG fuel cell installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 23 Global DEG systems installation market, volume share by grid segment, 2011 and 2018

    FIG. 24 Global on grid DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 25 Global off grid DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 26 Global DEG systems installation market, volume share by end use segment, 2011 and 2018

    FIG. 27 Global residential DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 28 Global building and institutional DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 29 Global commercial and industrial DEG systems installation market, 2011 – 2018 (MW) (USD Million)

    FIG. 30 Global DEG systems installation market, volume share, by geography, 2011 and 2018

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Distributed Energy Generation (DEG) Systems Market

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