Press release
Distributed Generation Market Size is Expected to Reach USD 97910 million by 2028 At a CAGR of 6.5%- Valuates Reports
Key drivers of the distributed generation market include increasing awareness about clean energy sources, growing government policy support, and GHG emission reduction targets.
The R&D initiatives by market players for the development of advanced technologies will create lucrative opportunities for the growth of the distributed generation market in the coming years., Awareness Regarding Clean Energy Sources, Government Support, And Ghg Emission Reduction Targets.
There is a growing awareness about clean, renewable energy sources due to the need for environmental protection. DEG( Distributed Energy Generation) sources are less costly, reliable, cleaner than conventional energy sources, and reduce electricity losses along transmission lines. Also, government authorities around the world are providing tax subsidies, schemes, rebates, and other initiatives which are supporting the deployment of DEG sources.
Moreover, the greenhouse emission reduction targets and widespread application in residential, commercial, and industrial locations is also contributing towards the growth. Thus increasing awareness, government support, and the need for cutting down on GHG emissions will drive the expansion of the distributed generation market during the forecast period.
R&D Initiatives For The Development Of Advanced Technologies
The scope for renewable energy sources is huge. Key market players around the globe are investing heavily into research and development initiatives for creating renewable energy technologies that consumer power closer to their installation points. The improvements in wind turbines, solar photovoltaic energy generation are just some of the ways organizations are developing cleaner energy sources for the future of the planet. Thus the continuous R&D initiatives by key market players will drive the growth of the distributed generation market in the coming years.
Distributed Generation Market Segment Review
Based on application, the industrial segment is expected to provide lucrative opportunities for growth in the distributed generation market share due to the wide-scale adoption of cleaner energy sources across the industrial parameters along with growing government support.
Based on type, the solar photovoltaic distributed generation segment is expected to provide ample scope for growth in the distributed generation market share due to growing R&D, government support, and widespread adoption.
Based on region, North America will provide lucrative opportunities for growth in the distributed generation market share due to the presence of key market players, favorable government policies, huge funding available, and rapid adoption of advanced technology.
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Distributed Generation Market By Type
-Solar Photovoltaic Distributed Generation
-Wind Turbine Distributed Generation
-Reciprocating Engines Distributed Generation
-Micro Turbines Distributed Generation
-Fuel Cells Distributed Generation
-Others
Distributed Generation Market By Application
-Residential
-Commercial
-Industrial
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Distributed Generation Market By Region
-North America
-United States
-Canada
-Europe
-Germany
-France
-UK
-Italy
-Russia
-Nordic Countries
-Rest of Europe
-Asia-Pacific
-China
-Japan
-South Korea
-Southeast Asia
-India
-Australia
-Rest of Asia
-Latin America
-Mexico
-Brazil
-Rest of Latin America
-Middle East & Africa
-Turkey
-Saudi Arabia
-UAE
-Rest of MEA
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Major Players in the Distributed Generation Market
-Alstom
-E.ON. SE
-Caterpillar Power Plants
-Siemens Energy
-Doosan Fuel Cell America
-Ballard Power Systems
-General Electrical Power
-Sharp Corporation
-Enercon
-Bloom Energy
-Capstone Turbine Corporation
-Fuel Cell Energy
-OPRA Turbines
-Rolls-Royce Power Systems
-Mitsubishi Hitachi Power Systems
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https://reports.valuates.com/request/chaptercost/QYRE-Othe-4U454/Distributed_Generation_Market
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SIMILAR REPORTS:
-Virtual Power Plant Market - https://reports.valuates.com/market-reports/ALLI-Auto-0M193/virtual-power-plant
-Global Distributed Energy Generation (DEG) Market Size, Status and Forecast 2021-2027 - https://reports.valuates.com/market-reports/QYRE-Auto-18A1812/global-distributed-energy-generation-deg
-Global Distributed Natural Gas-Fueled Generation Market Forecast 2021-2027 - https://reports.valuates.com/market-reports/QYRE-Auto-4G2437/global-distributed-natural-gas-fueled-generation
-Global Generation, Transmission, and Distribution Market Insights, Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-16X9335/global-generation-transmission-and-distribution
-Global Distributed Control System (DCS) Market Insights and Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-23L8992/global-distributed-control-system-dcs
-Global Automation Control in Power Generation Market Insights and Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-37Q3909/global-automation-control-in-power-generation
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