Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Summary
The global Commercial Distributed Energy Generation Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Distributed energy generation refers to use of various technologies to generate electricity at or near where it will be used. In the commercial and industrial sectors, distributed energy generation can include resources such as biomass combustion, combined heat and power systems, fuel cells fired by natural gas or biomass, hydropower, municipal solid waste incineration, reciprocating combustion engines, solar photovoltaic panels, and wind.
Market Dynamics
Increasing demand for clean, reliable energy is expected to propel growth of the global commercial distributed energy generation market over the forecast period. Distributed energy generation can aid in the delivery of clean, reliable power when connected to the electric utility’s lower voltage distribution lines. Moreover, increasing number of commercial buildings is also expected to aid in growth of the market. For instance, according to the U.S. Energy Information Administration’s (EIA) 2018 Commercial Buildings Energy Consumption Survey, 5.9 million U.S. commercial buildings contained a total of 97 billion square feet as of 2018. The number of commercial buildings increased by 6%, and commercial square footage increased by 11% since 2012.
Increasing demand for photovoltaic modules is expected to offer lucrative growth opportunities for players in the global commercial distributed energy generation market. For instance, according to the U.S. Energy Information Administration, U.S. shipments of solar photovoltaic modules, or solar panels, rose to 16.4 million kilowatts in 2019 and exceeded the previous record by 2.9 million kilowatts set in 2016. Moreover, R&D in fuel cell membrane electrode assembly is also expected to aid in growth of the market. For instance, in August 2019, The U.S. Department of Energy awarded Nikola Motor Company a US$ 1.7 million grant to advance its research into fuel cell membrane electrode assembly.
However, increasing photovoltaic panel waste is expected to hinder growth of the global commercial distributed energy generation market .For instance, according to International Renewable Energy Agency, cumulative photovoltaic panel waste in Germany is expected to reach over 6.7 million tons by 2050. Distributed generation systems also require large space and systems that rely on combustion are less efficient compared to centralized power plants. Such drawbacks may also limit the market growth.
Key Takeaways
- Increasing demand for clean, reliable energy is expected to propel growth of the global commercial distributed energy generation market over the forecast period. For instance, in December 2020, Brazil approved a resolution that establishes guidelines for micro and mini distributed generation.
- Major players operating in the global commercial distributed energy generation market are focused on adopting partnership strategies to enhance their market share. For instance, in September 2020, PXiSE Energy Solutions signed a Memorandum of Understanding with Toshiba Energy Systems & Solutions that provides a framework for collaboration on developing new project opportunities for microgrids.
- Major players operating in the global commercial distributed energy generation market include, ABB, General Electric, Siemens AG, Toshiba Energy Systems & Solutions, Wood Group, PXiSE Energy Solutions, Caterpillar, Inc., and Schneider Electric
The Commercial Distributed Energy Generation Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Commercial Distributed Energy Generation Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- ABB
- GE
- Siemens
- Wood Group
- Caterpillar
- Schneider Electric
- ...
By Product Type, the market is primarily segmented into:
- Fuel Cell Power Generation
- Solar Power Generation
- Wind Power Generation
- Other
By Applications, the market is segmented into:
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Commercial Distributed Energy Generation Market Report:
- To assess the size of the market by value and volume
- Analyze the Commercial Distributed Energy Generation Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Commercial Distributed Energy Generation Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Commercial Distributed Energy Generation Market
The Commercial Distributed Energy Generation Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Commercial Distributed Energy Generation Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
