Distributed power technology investments to double to $205b by 2020

Asian electricity consumers to benefit big time.

Over the last decade, distributed power has been seeing significant growth. The trend is set to continue with investments in distributed power technologies predicted to jump from $150 billion to $205 billion. This was revealed by General Electronic’s recently released white paper on the rise of distributed power.

According to the white paper, by 2020, distributed power will play an even larger role. GE estimates that distributed power capacity additions will grow from 142 GW per year in 2012 to 200 GW per year in 2020. That’s a 58 GW per year increase and represents an average annual growth rate of 4.4%.

It further added that installations of central power capacity will also increase between 2012 and 2020. GE estimates that central power additions will grow from 218 GW in 2012 to 272 GW in 2020. That’s a 54 GW per year increase and represents an average annual growth rate of 2.8%. During this period, distributed power’s sare of global capacity additions will increase from 39% in 2020 to 42% in 2020.

In Asia where electricity consumption is growing at a rapid pace, distributed power is seen to provide substantial benefits including cost-efficiency, customization, and scalability.