The global electric power industry is evolving from a financial and engineering model that relies on large centralized power plants owned by the utilities to one that is more diverse - both in sources of generation and ownership of the generation assets. Renewable distributed energy generation (RDEG) technologies represent a growing part of the new model for the electric power industry. Like any emerging industry, new policies and standards must be developed and practiced before the market can mature. Worldwide, utility companies and policy makers are testing programs and business models to support this industry. RDEG stands in contrast to the traditional one-way power supply, as well as the traditional relationship utilities have with their customers. The transition to a more distributed system of power generation will require the evolution of both technologies and business practices.
Overall, RDEG makes up a very small part of the current global electric power generation capacity but has the potential to play a much larger role in the future. While Europe and the United States are the largest markets for RDEG today, there is a growing movement to developing countries where electricity costs are high large percentages of the populations are without access to electricity. Pike Research's analysis indicates that Europe will continue to be the largest market for RDEG during the 2012-2017 forecast period, but Asia Pacific will see the most rapid market growth across the three technologies covered in this report.
This Pike Research report explores the global market opportunity for RDEG technologies including distributed solar PV, small wind power, and stationary fuel cells. The report analyzes technology issues, demand drivers and barriers, and policy factors around the world that are influencing the adoption of RDEG technologies. The study includes an assessment of key industry players in each of the three major market segments, as well as detailed market forecasts through 2017 for installed capacity and revenue, segmented by world regions and major countries.
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