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Distributed Generation Market Report 2023 - Demand, Analysis, Size And Outlook 2032 | Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Caterpillar Energy Solutions GmbH
Distributed Generation Market
Distributed Generation Market Size, Growth Rate, And Forecast
The global distributed generation market size grew from $83.82 billion in 2022 to $95.1 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The distributed generation market size is expected to grow to $154.32 billion in 2027 at a CAGR of 12.9%.
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Distributed Generation Market Drivers
The increasing electricity consumption is expected to propel the growth of the distributed generation market going forward. Electricity consumption refers to the amount of electrical energy consumed over a specific time, in units of Wh (or kWh).
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Distributed Generation Market Segments
1. By Technology: Fuel Cells, Micro-Turbines, Wind Turbines, Combustion Turbines, Micro-hydropower, Reciprocating Engines, Solar PV, Other Technologies.
2. By Application: On-Grid, Off-Grid.
3. By End User: Commercial, Industrial, Residential.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Distributed Generation market.
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Distributed Generation Market Key Players
Major competitors in the distributed generation market include Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Caterpillar Energy Solutions GmbH, Capstone Power Solutions, Ansaldo Energia S.p.A.
The Business Research Company's "Global Distributed Generation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Distributed Generation Market Include:
1. Executive Summary
2. Distributed Generation Market Characteristics
3. Distributed Generation Market Trends And Strategies
4. Distributed Generation Market - Macro Economic Scenario
5. Distributed Generation Market Size And Growth
……
26. Africa Distributed Generation Market
27. Distributed Generation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Distributed Generation Market
29. Distributed Generation Market Future Outlook and Potential Analysis
30. Appendix
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