Rolls-Royce Announced to Serve as a Corporate Brand
In July 2021, Rolls-Royce stated that it would serve as the company's and the industry's employer brand and added that the MTU brand would be strengthened as the only one representing products and solutions. For distributed power supply systems, the "MTU Onsite Energy" trademark will gradually disappear and be incorporated into the MTU brand.
Increase in the Amount of Off-Grid Locations Fueling the Market
In off-grid locations, grid-connected electricity is either rare or nonexistent. In these places, backup energy sources like solar energy are utilized. Nearly every continent has sizable off-grid areas that lack access to grid-connected energy. As a result, the proliferation of off-grid communities worldwide is opening up the attractive potential for expanding the distributed energy generation market.
Market is Being Restricted by Land Use
Utility-scale solar power-producing plants need a lot of areas to be effective. Various factors, including the availability of solar radiation, may restrict the choice of land for solar power generation. Solar power systems implemented on a large scale may have an impact on natural areas and biodiversity due to the quantity of land they take up. Land use is therefore preventing the market for distributed energy generation from expanding throughout the anticipated term.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the distributed energy generation market plan acquisitions to improve their brand recognition globally. For instance, in June 2019, the 10MW distributed energy security project for the Marine Corps Recruit Depot Parris Island was finished, according to Ameresco.
Notable Industry Development
- July 2019: FuelCell Energy announced plans to relaunch sub-MW distributed generation systems in Germany, Spain, the United Kingdom, and Italy.
List of Key Players Profiled in the Report
- Vestas, CATERPILLAR
- Capstone Green Energy Corporation
- Doosan Heavy Industries & Construction
- Toyota Tsusho Corporation
- Rolls-Royce plc
- General Electric
- Mitsubishi Electric Corporation
- Schneider Electric
Further Report Findings
- The market in the North America is expected to gain a huge portion of the global distributed energy generation market share in the coming years. The need for distributed generation technologies is anticipated to be fueled by the enormous demand for wind energy in North America and the quickly expanding demand for solar energy across commercial and industrial units.
- Governments have created enticing incentives to encourage the adoption of renewable energy sources, which further fuels growth.
- In Europe, the growth in this region is primarily driven by government regulations governing the usage of renewable energy are tight. Due to their superior energy efficiency, fuel cells are in extremely high demand throughout all of Europe.
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