Increased government policies and targets for reducing greenhouse gas (GHG) emissions drive the growth of the distributed energy generation market during the forecast period. Because of the benefits of renewable technology, such as energy security, resiliency, and carbon reductions, several states, and municipal governments are advancing legislation to encourage the increased deployment of renewable technologies. Additionally, an increase in R&D initiatives for the development of new technologies is expected to drive market growth. Furthermore, DEG systems are less expensive than traditional power generation methods. As a result, the need for a clean source of energy, combined with the low cost of the products, is expected to have a positive impact on market growth over the forecasted period. These are some of the market trends in distributed energy generation.
The
Distributed
Generation Market is divided into
technology, end-use industry, and region segments. The market is divided into
micro-turbines, combustion turbines, micro-hydropower, reciprocating engines,
fuel cells, wind turbines, solar PV, and others based on technology. The market
is divided into three end-use industries: residential, commercial, and
industrial. The Distributed
Generation Market is divided into
four regions: North America, Europe, Asia-Pacific, Latin America, and the
Caribbean. Currently, Asia-Pacific has the largest market share, followed by
LAMEA and Europe.
Key Advantages for Stakeholders
The report provides an in-depth analysis of the Distributed Generation Market, as well as current trends and forecasts for the future.
This report highlights the market's key drivers,
opportunities, and restraints, as well as an impact analysis for the forecast
period.
For strategy development, Porter's five forces
analysis helps to analyze the potential of buyers and suppliers, as well as the
competitive scenario of the global Distributed energy generation market.
A
thorough Distributed Generation Market analysis examines
the factors that drive and restrain the global Distributed energy generation
market's growth.
Background on the Distributed Generation Market
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. are some of the leading players in the distributed generation market (U.S.).
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