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Solar PV is reaching grid parity, with module costs continuing to decline.
R&D into energy storage technologies, ...
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Continued strong growth will be shown in residential and commercial solar PV, with capacity increasing by 20GW
in...
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RESIDENTIAL PV SHOWS DOUBLE DIGIT GROWTH
GLOBAL GROWTH IN REVENUES FOR DECENTRALISED POWER
22
23
24
25
26
27
2014...
40000-18
Frost & Sullivan is growth partnership company focused on helping our
clients achieve transformational growth
We ...
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2015 To-the-Point (Trend 8): Power Generation Goes Decentralised

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2015 To-the-Point (Trend 8): Power Generation Goes Decentralised

  1. 1. 10000-18 Solar PV is reaching grid parity, with module costs continuing to decline. R&D into energy storage technologies, particularly Li-ion, is driving the cost down, with many demonstration projects ongoing globally. Electric vehicles enabling Vehicle-to-Grid are viewed as an important component of smart grid development. Tesla Motors’ announcement last year to build a Li-ion gigafactory was a game changer and spurred the EV market into action. Rise of the prosumer, advanced microgrids, and technologies that provide greater grid flexibility will keep the momentum going for distributed generation in 2015. 2015 DISTRIBUTEDISTHE NEWCENTRALISE TOTHEPOINT
  2. 2. 20000-18 Continued strong growth will be shown in residential and commercial solar PV, with capacity increasing by 20GW in 2015, half the total increase in global solar capacity. In terms of regional capacity additions, Asia Pacific will continue to add the highest capacity, with North America overtaking Europe to move into second place. DECENTRALISED PV WILL SHOW STRONG GROWTH The increasing regulatory importance of energy efficiency in developed markets will drive demand for CHP in 2015. For developing regions, the decline in gas prices will be the key driver for growth. The decline in new oil & gas exploration projects will result in lower genset sales into this sector. However, lower fuel prices are forecast to stimulate demand from other applications, such as rental, industrial and so on. Strong growth for storage systems linked to residential and commercial PV is forecast for 2015, as rates of return in a number of global regions make these an increasingly attractive prospect. However, the transition from genset back up to standalone battery storage systems is likely to slow temporarily due to lower oil prices. ENERGY EFFICIENCY WILL DRIVE CHP GROWTH LOW OIL & GAS PRICES WILL DRIVE GENSET USE STORAGE WILL GROW WITH DECENTRALISED PV 2015TRENDS Microgrids will begin the transition from pilot phase to commercialisation in 2015. Several island grids and grid- connected commercial microgrids are expected to be launched. MICROGRID COMMERCIALISATION WILL BEGIN
  3. 3. 30000-18 RESIDENTIAL PV SHOWS DOUBLE DIGIT GROWTH GLOBAL GROWTH IN REVENUES FOR DECENTRALISED POWER 22 23 24 25 26 27 2014 2015 $23.5 bn $25.9 bn Residential PV 64.7% Generator Sets 19.6% CHP 15.7% Residential PV 66% Generator Sets 19% CHP 15% NOTE: Genset data only includes gensets for prime power applications and excludes revenues of diesel and gas gensets from CHP. REVENUES($BILLION)
  4. 4. 40000-18 Frost & Sullivan is growth partnership company focused on helping our clients achieve transformational growth We are the world leader in growth consulting and the integrated areas of technology research, market research, mega trends, economic research, best practices, training, customer research, competitive intelligence, and corporate strategy. Frost & Sullivan has over 40 offices across the globe with more than 1,800 industry consultants, market research analysts, technology analysts and economists. For more information on Frost & Sullivan’s Energy & Environment Outlook 2015 please contact: Ross Bruton +44 (0)2079157808 ross.bruton@frost.com Senior Industry Analyst

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