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Asian growth to drive global DG solar boom report
  Falling technology costs and international efforts to reduce carbon emissions will help make PV the biggest segment of the global distributed-generation market in the coming years, led by rapid growth in Asia, according to a new report.


Distributed-generation solar will account for 65% of the worlds installed distributed energy capacity within the next decade, creating a market worth $42 billion, according to Frost & Sullivan.


China andIndiaare important market players, as their rapid pace of industrialization and widening demand-supply gap is creating a vast market for distributed energy, it said, noting the importance of high sales of gas engine-based combined heat and power (CHP) plants inJapan.


Inadequate power infrastructure for the growing electrification needs inIndonesia,Vietnamand thePhilippinesis attracting investments in efficient and flexible distributed power solutions.


Asia-Pacific will eventually account for roughly 50% of the global distributed-generation PV market over the next 10 years, with annual revenues of more than $21 billion, added the Texas-based consulting firm.



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