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Distributed Generation Market to Witness High Growth in Near Future 2020 - 2027 By Top Manufactures
Distributed Generation
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Key Players
Key players operating in the global Distributed Generation market are
• Siemens AG, General Electric (U.S.)
• Schneider Electric SE
• Mitsubishi Motors Corporation, and Capstone
• Activ Solar GmbH
• Ballard Power Systems Inc.
• Fortis Wind Energy
• GE Power & Water, Juwi Inc.
• Sharp Corporation
• Cummins Inc. (U.S.)
• Caterpillar Inc. (U.S.)
Increasing electricity consumption is the major factor driving the distributed generation market.
Increasing electricity consumption is a major driver for the growth of distributed generation market. For instance, according to the Electronic Industries Alliance (EIA) organization, the total world energy consumption rises from 575 quadrillion British thermal units (Btu) in 2015 to 736 quadrillion Btu in 2040, an increase of 28%.
The solar PV segment is expected to hold the largest and fastest growing segment in the market.
The solar PV segment held the largest distributed generation market share in 2016 and is projected to retain its dominance throughout the forecast period. Due to the decreasing cost of the solar photo voltaic cells, an increase in the number of installations of the solar PVs has been observed globally.
Distributed Generation Market Taxonomy
On basis of technology the distributed generation market is segmented into
• Wind
• Solar Photovoltaic
• Microturbines
• Gas Turbines
• Fuel Cells
• Reciprocating Engines
On basis of application distributed generation market is segmented into
• On-grid
• Off-grid
On basis of end user distributed generation market is segmented into
• Industrial
• Commercial
• Residential
Reasons for purchasing this Report:
- Insightful information regarding the Distributed Generation Market
- Identification of growth in various segments and sub-segments
- Strategic recommendations for investment opportunities
- Complete and distinct analysis of the market drivers and restraints
- The market study includes Market valuations and forecast for the upcoming years
- Accelerates the decision-making process through the availability of the drivers and limitations
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