– Growing awareness of clean energy resources is driving the market growth. The increased demand for a distributed generation due to environmental advantages, the competitive cost compared to traditional energy generation is also driving the market.
JERSEY CITY, N.J., Oct. 4, 2021 /PRNewswire/ — Verified Market Research recently published a report, «Distributed Generation Market» By Technology (Reciprocating Engines, Fuel Cells, Solar PV Cells, Wind Turbines), By Application (On-Grid, Off-Grid), By End-User (Residential, Industrial, And Commercial), and By Geography. According to Verified Market Research, the Global Distributed Generation Market size was valued at USD 75.86 Billion in 2020 and is projected to reach USD 182.96 Billion by 2028, growing at a CAGR of 10.43% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=41525
Browse in-depth TOC on «Distributed Generation Market«
202 – Pages
126 – Tables
37 – Figures
Global Distributed Generation Market Overview
Since the power consumption across the globe has been drastically increased from commercial, industrial as well as residential applications it is necessary nowadays to encourage distributed generations to minimize and manage the centralized power loads. In addition to this, majority of the underdeveloped regions still lacks the sufficient power supplies. This has further escalated the demand for distributed and environment friendly power generation.
Growing environmental consciousness, rising government regulations and GHG emission reduction objectives, and energy demand are driving the market. In addition, increased R&D activities for the development of new technologies are likely to boost market growth. Government schemes and incentives, like as feed-in tariffs in North America and the Asia Pacific, are anticipated to stimulate demand for DEG systems. Government initiatives are aimed at encouraging the installation of such systems in industrial, residential, and commercial settings.
Key Developments in Distributed Generation Market
- In January 2020, Siemens has launched a new MVDC PLUS solution (medium-voltage direct current) from. This has significantly closed the gap between HVDC and local distribution grids.
The major key players in the market are Siemens, General Electric, Mitsubishi, Schneider, Caterpillar Power Plants, Doosan Fuel Cell America, Vestas Wind Systems A/S, Rolls-Royce Power Systems AG, Toyota Turbine and Systems Inc., and Capstone Turbine Corporation.
Verified Market Research has segmented the Global Distributed Generation Market On the basis of Technology, End-User, and Geography.
- Distributed Generation Market, By Technology
- Combined Heat and Power (CHP)
- Reciprocating Engines
- Fuel Cells
- Solar PV Cells
- Gas & Steam Turbines
- Wind Turbine
- Distributed Generation Market, By End-User
- Solar PV
- Reciprocating engines
- Micro turbines
- Fuel cells
- Gas turbines
- Distributed Generation Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
Browse Related Reports:
Solar-powered Pump Market By Product (Surface Suction and Submersible), By Applications (Agriculture, Drinking water) By Geography, Forecast, 2020-2027
Power Plant Boiler Market By Fuel Type (Coal, Natural gas, Nuclear, Petroleum), By Technology (Ultra-Critical, Supercritical, Subcritical), By Process (Fluidized Bed Combustion and Pulverized Fuel Combustion), By Geography, Forecast, 2020-2027
Wave Energy Market By Application (Desalination, Power Generation, Environmental Protection), By Technology (Oscillating Body Converters, Oscillating Water Column, Overtopping Converters), By Location (Onshore, Near Shore, Offshore), By Geography, Forecast, 2020-2027
Power Generation Market By Source (Non-Renewable, Renewable), By Application (Commercial, Industrial, Residential), By Geography, Forecast, 2020-2027
World’s top 10 uninterruptible power supply manufacturers saving dollars by saving electrical appliances
Visualize Distributed Generation Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400US Toll Free: +1 (800)-782-1768
Follow Us: LinkedIn | Twitter