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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Top five distributed energy generation market vendors
Ansaldo Energia
The company has realized the importance of distributed energy generation in the future of global power industry. Distributed energy generation is going to pick pace in developed countries, especially the ones that are implementing stringent GHG emissions norms. Thus, Ansaldo Energia has come up with microturbines for cogeneration (CHP) and trigeneration (CCHP) applications.
Ballard Power Systems
Ballard Power Systems offers fuel cell stacks, fuel cell modules, and complete fuel cell systems. Its fuel cell stacks include FCgen-1020ACS, FCgen-1300, and FCvelocity-9SSL. The company's fuel cells modules include FCvelocity-HD6 and complete fuel cell systems such as ClearGen, ElectraGen-H2, and ElectraGen-ME.
In June 2015, the company signed a definitive agreement to acquire Protonex Technology, a designer and manufacturer of advanced power management products and fuel cell solutions. The acquisition enabled the company to enhance its power management products.
Bloom Energy
Bloom Energy is one the major players in the global distribution energy generation market. The company offers Energy Server, a distributed power generator powered by its patented SOFC technology, for producing consistent, cost-effective, and clean electricity at customer sites. The Bloom Energy's fuel cell technology offers various benefits such as low-cost materials, high electricity efficiency, and fuel flexibility.
Capstone Turbine Corporation
In 2015, the Capstone Turbine Corporation reported over USD 84 million in new orders. However, that figure reduced to over USD 53 million due to a decline in its orders from Russia. After the US, Russia accounts for the second largest market for Capstone Turbine Corporation. However, post-annexation of Crimea from Ukraine by Russia in 2014, sanctions were imposed against Russia that forbade American companies to conduct business in and with Russian companies. Hence, Capstone Turbines suffered from fewer orders from its distributors in the country.
First Solar
First Solar operates in the solar energy industry and is a global leader in the field of PV solar energy solutions. The company designs, manufactures, and sells PV solar power systems. It operates both within and outside the US. The company has set up manufacturing facilities in Frankfurt, Germany; Perrysburg, Ohio; and Kulim, Malaysia.
The other prominent vendors are:
- Acal
- Acumentrics
- Aisin Seiki
- Altergy
- Ceramic Fuel Cells
- Ceres Power
- Delphi Automotive
- DMFCC (Subsidiary of VIASPACE)
All product names, logos, brands and trademarks are the property of their respective owners
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