The global distributed energy generation market was worth $64 billion in 2010 and is expected to be valued at more than $140.7 billion in 2015, increasing at a compound annual growth rate (CAGR) of 17.1%, according to “The Global Market for Distributed Energy Generation,” a new report from BCC Research. The global market for distributed energy generation can be broken down into two segments, renewable technologies and fuel-based technologies. The renewable technologies segment accounted for $31.8 billion in 2010, and in 2015 should be worth $66.4 billion (a CAGR of 15.9%). The fuel-based technologies segment was worth $32.2 billion in 2010 and should be worth $74.3 billion in 2016, a CAGR of 18.2%.
Distributed energy generation technologies are small-scale electricity production facilities that provide power to meet local demand. Unlike conventional power plants, which depend upon economies of scale to produce power at a marketable price, distributed generation technologies provide localized generation capacity for an array of niche markets, including peaking power/peak shaving, renewable energy generation, conversion of waste fuels to electricity, emergency or standby power generation capacity, reliable and consistent power generation, rural and remote generation, mobile electricity generation, and a variety of other applications.
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