About Distributed Photovoltaic Power Generation
Distributed Photovoltaic Power Generation refers to a number of technologies, such as solar panels and combined heat and power plants that produce electricity at or close to the location where it will be used. Distributed Photovoltaic Power Generation can power a single building, like a house or a place of business, or it can be a component of a micro grid, a smaller grid that is connected to a larger electrical delivery system. Examples of this include big industrial facilities, military bases, and college campuses. The delivery of clean, dependable power to more customers and the reduction of electricity losses along transmission and distribution lines can both be supported by distributed generation when it is connected to the lower voltage distribution lines of the electric utility.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for distributed power generation is fragmented. Almost all of the market's major players have a global presence, and this has increased the intensity of competitive rivalry. Our market analysis also includes a section solely dedicated to such major players, in which our analysts provide insight into all of the major players' financial statements, as well as product benchmarking and SWOT analysis. The competitive landscape section also includes the above-mentioned players' key development strategies, market share, and market ranking analysis on a global scale. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Distributed Photovoltaic Power Generation market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vestas (Denmark), CATERPILLAR (United States), Capstone Green Energy Corporation (United States), Doosan Heavy Industries & Construction (South Korea), Toyota Tsusho Corporation (Japan), Rolls-Royce plc (United Kingdom), General Electric (United States), Mitsubishi Electric Corporation (Japan), Schneider Electric (France) and Siemens (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Cummins, Inc. (United States), E.ON SE (Germany), Flex Energy Solutions (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Distributed Photovoltaic Power Generation market by , Application (Commercial, Industrial, Residential and Utility) and Region.
On the basis of geography, the market of Distributed Photovoltaic Power Generation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Micro-turbines will boost the Distributed Photovoltaic Power Generation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Installation Type, the sub-segment i.e. Rooftop Mounted System will boost the Distributed Photovoltaic Power Generation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 28th October 2021, SolRiver Capital, a national solar investment fund, announced acquisition of a portfolio of utility-scale solar PV projects from Copenhagen Infrastructure Partners in North Carolina. The portfolio consists of eight projects totaling 53 MW spread across North Carolina. Each project is expected to begin with a power purchase agreement with a local utility. Once completed, the projects will generate over 91 million kilowatt hours of clean electricity per year, enough to power over 7,700 homes and the equivalent carbon sequestered by planting over 1 million trees.
On 26th March 2021, JA Solar introduced its DeepBlue 3.0 Light high-efficiency module for use in both commercial and residential rooftop solar systems at the Solar Utilization Convention and Exhibition (SUCE). The module has successfully passed TÜV SÜD certification testing to the specifications for IEC 61215 and IEC 61730 certification. It has a mass production power of up to 415W.
Turkish electricity market regulations for solar energy and other RES are not covered by a distinct piece of legislation. From a legal perspective, incentives for solar energy investment and support for solar energy use are typically assessed alongside other renewable energy sources (RES). The Law No. 5346 on the Utilization of Renewable Energy Resources for the Purpose of Electricity Generation (YEKK), the Law No. 6094 modifying the Law No. 5346, the Electricity Market Law No. 6446 (EPK), and the Energy Efficiency Law No. 5627 are the most significant laws among these rules (EVK). These laws are introduced in the Regulation on Domestic Manufacturing of the Parts Used in the Facilities Producing Electricity from RES, the Unlicensed Electricity Production Regulation (LEÜY), the Renewable Energy Resources Area (YEKA) Regulation, and the Electricity Market License Regulation (EPLY).
Market Drivers
- Strong Electricity Demand Greater Access to the Point Of Consumption Promotes the Spread of DG Technologies
- Increasing Attention to Renewable Energy
Opportunities
- Government Favorable Incentives, Technological Progress
- Increasing Installation of Offshore Wind Plants in the United States is Likely to Create Significant Opportunities
Restraints
- High Cost of Installation and Maintenance Product
- High Energy Consumption to Cool Entire Container and Some Disadvantages Associated with Lithium-Ion Batteries
Challenges
- Installation of Solar storage systems on islands or in remote areas is complicated
- Product-Related Technical Limitations
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Distributed Power Generation System Provider, Venture Capitalists, Corporate Entities, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.