Press release
Distributed Generation Market Globally Expected To Drive Growth Through 2023
Distributed generation is mostly run on renewable sources of energy, which reduces the dependency on conventional sources of energy for generating electrical power. Distributed generation system also supports the grid during peak hours. Additionally, the resouces are mostly located close to the load area, reducing losses during transmission. Wind energy is a major segment in this market and is estimated to grow at a phenomenol rate during the forecast period.
Based on technology, the market is segmented as geothermal, solar, wind, biogas, fuel cells, and others. Solar segment is estimated to dominate the market during the forecast period due to the declining cost of installing these systems. Considering the application, the market is segmented as standalone off-grid systems, battery based on-grid systems and battery less on-grid systems. Battery based on-grid systems are estimated to dominate the market during the forecast period as surplus energy is not wasted is this system and the grid always has the required energy. Based on end-use, the market is segmented as residential, industrial and commercial.
Access Report @ https://www.marketresearchfuture.com/reports/distributed-generation-market-6454
Drivers
Distributed Generation Market predicted to grow at more than 10.21% by 2023-Press release image-00
Market Research Analysis
Europe accounts for the largest market share whereas Asia-Pacific is the fastest growing region.
Region wise, Europe held the largest market share of the global distributed generation market in 2017. It is estimated that Europe region will continue to dominate the market during the forecast period, mainly due to the rising demand for renewable sources of energy. The region has more than 100 geothermal plants producing about 15 TWh of electrical power in 2016. North America is the second largest market, with distributed generation system amounting to about a sixth of the total energy used in the US. It has been estimated that Asia-Pacific region will grow at the highest rate during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the global distributed generation market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the distributed generation system market by its technology type, application type, end-use type and by region.
By Technology Type
Geothermal
Solar
Wind
Biogas
Fuel Cells
Small Hydro
Others
By Application Type
Standalone Off-Grid Systems
Battery Based On-Grid Systems
Battery less On-Grid Systems
By End-Use Type
Residential
Industrial
Commercial
By Regions
North America
Asia-Pacific
Europe
Rest of the World
Request to view Sample Report:
https://www.marketresearchfuture.com/sample_request/6454
Key Players
The key players of the global distributed generation market are General Electric Company (US), Ansaldo Energia (Italy), Bloom Energy (US), Schneider Electric SE (France), Caterpillar Inc. (US), Siemens AG (Germany), Mitsubishi Heavy Industries,Ltd (Japan), Fuel Cell Energy Inc (US), Cummins Inc (US), and Bergey Windpower (US).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Distributed Generation Market Globally Expected To Drive Growth Through 2023 here
News-ID: 1456191 • Views: …
More Releases from Market Research Future
Emerging Applications Boost Restaurant Delivery Robots Market Toward USD 190.45 …
The Restaurant Delivery Robots Market report provides detailed insights into market trends, competitive landscape, growth drivers, and opportunities across global regions.
Restaurant Delivery Robots Market Overview:
The Restaurant Delivery Robots Market is witnessing rapid growth due to the increasing demand for automated food delivery solutions, rising labor costs, and the expansion of the online food delivery sector. Restaurant delivery robots are designed to deliver meals efficiently, reduce human contact, and improve customer…
Photo Booth Kiosk Market Outlook 2035: Strong Demand to Drive USD 11.88 Billion …
The Photo Booth Kiosk Market report provides detailed insights into market trends, competitive landscape, growth drivers, and opportunities across global regions.
Photo Booth Kiosk Market Overview:
The Photo Booth Kiosk Market is experiencing steady growth driven by rising demand for interactive entertainment, event customization, and social media integration. Photo booth kiosks are increasingly used in weddings, corporate events, parties, malls, and tourist attractions, offering instant photography, digital sharing, and branding opportunities.
Valued at…
VPX SBC (Single Board Computer) Market to Experience Significant Growth, Reachin …
The VPX SBC Market report provides detailed insights into market trends, competitive landscape, growth drivers, and opportunities across global regions.
VPX SBC Market Overview:
The VPX SBC (Single Board Computer) Market is witnessing robust growth driven by increasing demand for high-performance computing solutions in defense, aerospace, industrial automation, and telecommunication sectors. VPX SBCs offer enhanced processing power, reliability, and rugged performance for mission-critical applications, enabling real-time data processing, control, and communication in…
Autonomous Mobile Manipulator Robots (AMMR) Market Valuation to Surpass USD 5,63 …
The Autonomous Mobile Manipulator Robots (AMMR) Market report provides detailed insights into market trends, competitive landscape, growth drivers, and opportunities across global regions.
Autonomous Mobile Manipulator Robots (AMMR) Market Overview:
The AMMR Market is witnessing rapid growth driven by increasing automation in manufacturing, logistics, and industrial operations. Autonomous mobile manipulator robots combine mobility with robotic arms, enabling precise handling, transportation, and assembly tasks in warehouses, factories, and research facilities.
Valued at USD 471.01…
More Releases for Distributed
The Impact of Distributed Cloud Adoption on Industry Growth : The Driving Engine …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Distributed Cloud Market Size Growth Forecast: What to Expect by 2025?
The market size of the distributed cloud has experienced significant expansion in the last few years. It is set to increase from $4.88 billion in 2024 to $5.77 billion in 2025, marking a compound annual growth rate (CAGR)…
Power Generation: Fueling the Distributed Manufacturing Revolution
The distributed manufacturing market is rapidly expanding, driven by the need for localized production, supply chain resilience, and customized manufacturing solutions. At the heart of this transformative trend lies the power generation segment, presenting a significant opportunity for innovation and growth.
Market Dynamics and Growth Drivers
Distributed manufacturing, by its very nature, demands reliable and localized power sources. This is where the power generation segment comes into play, offering diverse solutions like…
Key Trends Shaping the Future Distributed Cloud Market From 2025-2034: Innovativ …
Which drivers are expected to have the greatest impact on the over the distributed cloud market's growth?
The distributed cloud market's growth is projected to be fueled by increasing adoption from various end-user industries. Distributed cloud, a public cloud service functioning across multiple locations, allows businesses to meet highly specific performance and response time demands. It also aids in adhering to regulatory or governance obligations or any other requirements that necessitate…
Distributed Cloud System Market 2032 | Reshaping IT Infrastructure: The Role of …
Rise in adoption of data management generated by high usage of mobile technologies, increased need of low data recovery, growing adoption of digitalization, managing increase workloads and data, enhanced data recovery are some of the key driving factors for the growth of this market. In addition to this, the public clouds services are able to shift towards an enhanced distributed cloud computing with the high end security are also adding…
Distributed Photovoltaic Power Plant Market Harnessing Solar Energy on a Larger …
"Distributed Photovoltaic Power Plant Market" report provides a basic overview of the industry including its definition, applications and manufacturing technology by Infinitybusinessinsights.com. This report will help the viewer in Better Decision Making.
From 2023 to 2030, the Distributed Photovoltaic Power Plant Market is expected to develop at a CAGR of 12.5%. The industry is being pushed by rising demand for renewable energy sources, falling solar PV module prices, and government subsidies…
Distributed Wind Market 2023 | Detailed Report
The research reports on "Distributed Wind Market" report gives detailed overview of factors that affect global business scope. Distributed Wind Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6770938
The…
