Solar PV distributed Energy Generation Market Size, Share and Forecast 2026

Solar PV distributed Energy Generation Market

(EstateNewsWire.com, September 11, 2019 ) MARKET Overview

• The Global Solar PV Distributed Energy Generation market is proliferating due to several factors such as increasing demand for Solar PV from different end-user applications to improve efficiency.

• Also, due to better power efficiency which reduces the power loss in transmission and distribution lines, the distributed solar PV power generation is preferred.

Market Dynamics

• The graph shows the global demand for Solar PV Power 2007 to 2022. In 2016, solar PV demand is expected to total 78 gigawatts worldwide. The United States has implemented taxes on solar products from China and Taiwan, which has initiated trade disputes across the world.

Market Segmentation

• By application, the On-grid segment of the global distributed power generation market is leading due to smart and improvised grids systems compared to Off-grid. The power trading is more feasible with proper load balance in on-grid power generation systems. Hence the market is increasing.

• The graph shows the world’s largest solar photovoltaic (PV) power plants as of May 2016. The Solar Start Projects (US) have installed capacity of approx.579 Megawatts.

Competitive Trends

• In Mar 2018, Colombia’s Energy and Gas Regulatory Commission, CREG approved the Resolution CREG which regulates distributed solar generation (up to 100 kW) and distributed generation from renewable sources (between 100 kW and 1 MW).

• In Mar 2018, InSync Energy Systems, a major developer of innovative distributed energy resources (DERs), announced an expansion of the photovoltaic system which doubles the capacity of the photovoltaic (PV) system to 660 kilowatts (kW), making it the largest solar installation in downtown Honolulu upon completion.

• The report profiles the following companies, which includes ABB, Siemens, Alstom, The AES Corporation, Wood Group, Wartsila, Caterpillar Inc., Mitsubishi Heavy Industries Ltd, Bloom Energy, Ansaldo Energia SpA, Cummins Inc., Schneider Electric SE, Capstone Turbine Corporation (CPST), Fuelcell Energy, Inc., and Flexenergy.

Geographical Analysis

Geographically, the market is segmented into

• North America,

• Asia-Pacific,

• Europe,

• South America,

• And RoW.

The scope of the Report

• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

• By Application IndustrialResidentialCommercial

Others

• By Application On-GridOff-Grid

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