Distributed-generation solar will account for 65% of the world’s 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.