The distributed power generation market is set to undergo substantial expansion over the coming years, with its contribution to the global installed power capacity more than doubling from 190 GW in 2013 to approximately 389 GW by 2019, Ankit Mathur, GlobalData’s Project Manager for Alternative Energy, said. The PV sector holds the top position in the global distributed power market segment, with a 48% share of the total distributed installed capacity, followed by combined heat and power (38%) and then wind energy (13%).
Due to a number of EU member states that pioneered in offering subsidies and incentives to boost solar PV installations, Europe now holds an impressive 66% share of the world’s distributed solar PV capacity,” said Mathur. “These countries’ efforts in boosting distributed PV installed capacity will help them to reduce the burden on the grid and avoid transmission losses. It will also allow for rural electrification, which is a significant priority for most governments across the globe.”
GlobalData forecasts that the APAC region will contribute 89 GW to the global distributed PV cumulative installed capacity by the end of 2019, driven primarily by China and Japan’s expanding markets.
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