Distributed Energy Generation Market - 2030 Outlook, Opportunity and Growth Analysis By Players Siemens, GE, Mitsubishi, Caterpillar Power Plants

Several states and municipal governments are developing policies to encourage increased deployment of renewable technology due to the obvious benefits of renewable technologies, such as energy security, resiliency, and carbon reductions. Increased R&D initiatives for the development of new technologies are also likely to drive distributed energy generation market growth. Increase in government regulations and targets for reducing greenhouse gas (GHG) emissions boost the growth of the distributed energy generation market during the forecast period.

Request Sample Here @ https://www.alliedmarketresearch.com/request-sample/14153

The global distributed energy generation market size was valued at $246.4 billion in 2020, and is forecasted to reach $919.6 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030. The distributed energy generation market is consolidated in nature with a few players, such as 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, which holds significant share of the market. These players have been adopting various strategies to gain higher share or to retain leading positions in the market.

Based on technology, the fuel cells segment held the highest market share in 2020, accounting for more than one-third of the global distributed energy generation market, and is estimated to maintain its leadership status throughout the forecast period. This is due to high incorporation in the various manufacturing industries. However, the solar PV segment is projected to manifest the highest CAGR of 18.1% from 2021 to 2030, owing to demand for uninterrupted and sustainable electricity source.

Based on end use industry, the commercial segment accounted for the largest share in 2020, contributing to one-third of the global distributed energy generation market, and is projected to maintain its lead position during the forecast period. Moreover, this segment is expected to portray the largest CAGR of 15.7% from 2021 to 2030, as the demand for low cost sustainable energy is expected to grow considerably in the coming years.

Request a Discount Before Purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/14153

Based on region, Asia-Pacific, followed by Europe and North America, held the highest market share in terms of revenue 2020, accounting for more than one-third of the global distributed energy generation market. Moreover, this region is expected to witness the fastest CAGR of 15.5% during the forecast period, owing to the growing industrialization in China, India, and other Asia-Pacific countries.

Key Findings Of The Study
• On the basis of technology, the fuel cells segment emerged as the global leader by acquiring more than 35% of the market share in 2020, and is anticipated to continue this trend during the forecast period.
• On the basis of end use, the industrial segment accounted for 40% of the global market share in FY2020.
• On the basis of region, Asia-Pacific region is the major consumer of distributed energy generation among other regions. It accounted for around 39% of the global market share in 2020.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.