LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global distributed energy generation market report. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Distributed energy generation will play a crucial role in strengthening the energy security across countries by integrating various power generation sources. Governments worldwide have set targets for distributed energy generation. For instance, Brazil launched its ProGD program in 2015 to achieve 23 GW of solar distributed energy generation by 2030; to accelerate this development, the Brazilian government reduced the taxes on solar equipment. Similarly, India has set a target of 30 GW solar distributed energy generation by 2022. These targets, even if not met 100%, will still be resilient enough to provide a boost to the global distributed energy generation market during the forecast period.
Competitive vendor landscape
As per the report, the global distributed energy generation market is dominated by various well-established large vendors and is highly fragmented. During the forecast period, various small-scale vendors are expected to enter the market, seeking support from large corporations.
“The microturbine market unlike fuel cells or wind or solar is in its nascent stage of development. Thus, a lot of companies are in the product development stage. Even the ones that have a comprehensive product portfolio, such as Capstone Turbine Corporation, are engaged in R&D on products to further improve the efficiency and reduce the per MW cost of the microturbines,” says Thanikachalam Chandrasekaran, a lead power analyst from Technavio.
Only a few players in the market are targeting customers across industrial, commercial, and residential end-users. Companies that have enough funding are usually targeting customers across the floor and have products to cater to different needs. Smaller companies that engage in R&D activities and have a small portfolio of products need to focus on one or two industries only. For instance, Bladon Jets focuses on telecom sector across developing countries and is involved in providing power to telecom towers.
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