Global DEG Systems Market was valued at USD 99.68 billion in 2011 and is expected to reach USD 155.86 billion in 2019, growing at a CAGR of 6.7% from 2013 to 2019. Annual DEG installation capacity was 81,875.7 MW in 2011 and is expected to reach 180,093.6 MW in 2019, growing at a CAGR of 11.9% from 2013 to 2019.
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Energy demand has increased substantially over the past decade and is expected to increase in the next five to six years. Insufficient centralized electricity supply, paradigm shift in energy generation towards green technology, increased industry awareness coupled with revised FIT (Feed in Tariff) rates are expected to spur market growth. Failure of conventional energy generation model which incurs substantial capital investment for power generation and distribution through transmission is expected to lay groundwork for DEG systems market. Price competency in key technologies (wind turbine, solar PV, CHP, fuel cells and microturbines) is likely to attract more consumers globally thereby bolstering the market. Presently highly priced DEG systems are a key challenge for market participants; however, price moderation over the next few years is expected to help the market overcome this issue.
Crucial technology segments estimated and analyzed in this study include CHP, that accounted for over 48% of global capacity in 2011, followed by solar PV, wind turbine, reciprocating engines, micro turbines and fuel cells. The market is also segmented into on grid and off grid segments. In 2011, on grid segment dominated the DEG systems market while off grid segment accounted for just over 1% of the market. Key DEG applications include residential, buildings and institutions and commercial and industrial installations. Commercial and industrial applications dominated the market, accounting for over 74% global market in 2011.
Europe dominated the DEG...