Global Distributed Generation Market is expected to grow at a 11.42% CAGR
Global
Distributed Generation Market is expected to grow owing to major benefits over
other energy-generating technologies throughout the forecast period.
According
to TechSci Research report, “Distributed
Generation Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast 2018-2028”, the Global Distributed Generation Market is
expected to register 11.42% CAGR during the forecast period. The
electrification of transportation, encompassing electric vehicles (EVs) and
charging infrastructure, presents opportunities for distributed generation.
Decentralized energy sources can power EV charging stations, reducing reliance
on fossil fuels and promoting sustainable transportation. Companies involved in
the development and deployment of EV charging infrastructure are poised for
growth.
The
electrification of transportation, which includes electric vehicles (EVs) and
charging infrastructure, offers prospects for distributed generation. EV
charging stations can be powered by decentralized energy sources, reducing
dependence on fossil fuels and promoting the sustainability of transportation.
Companies engaged in the development and deployment of EV charging
infrastructure are positioned for growth.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global
Distributed Generation Market"
Based
on technology, the
Solar PV Cells segment is expected to dominate the market during the forecast
period. Supportive policies and incentives at both the national and regional
levels are driving the growth of the solar PV cells segment. Net metering
programs, feed-in tariffs, tax credits, and renewable energy mandates play a
crucial role in encouraging solar PV adoption. These policies often enhance the
financial attractiveness of solar PV projects and expedite their deployment. The
combination of solar PV cells with energy storage systems, such as batteries,
presents significant opportunities for grid balancing, load shifting, and
energy resilience. Companies involved in energy storage technologies can
capitalize on the expanding market for integrated solar and storage solutions.
Many emerging markets, particularly in regions with abundant sunlight, offer
substantial growth potential for solar PV cells. Governments in these regions
are increasingly acknowledging the economic and environmental benefits of
distributed solar generation. The solar PV cells segment also allows for
innovative financing models. Companies that offer creative financing options,
such as solar leasing, power purchase agreements (PPAs), and community solar
programs, can expand their market access and reach new customer segments. In
conclusion, the solar PV cells segment of the global distributed generation
market is characterized by declining costs, widespread adoption, and robust
policy support. There are opportunities for energy storage integration,
expansion into emerging markets, and the development of innovative financing
models.
Based
on application, the On-Grid segment is projected to dominate the market
throughout the forecast period. Favorable regulatory and policy environments
have catalyzed the expansion of the on-grid distributed generation sector. Net
metering policies, feed-in tariffs, and tax incentives incentivize individuals
and businesses to invest in on-grid distributed generation systems. These
policies foster the uptake of renewable energy technologies and drive market
growth. Many regions are embarking on grid modernization initiatives to
seamlessly integrate distributed generation resources. Grid modernization
involves upgrading grid infrastructure, deploying advanced metering and
communication systems, and enhancing grid management capabilities. These
efforts facilitate the efficient integration of on-grid distributed generation
and lay the groundwork for future grid resilience. The on-grid segment presents
opportunities for the integration of energy storage solutions. By combining
on-grid distributed generation with energy storage systems, excess energy can
be utilized more effectively, load shifting can be achieved, and grid support
can be provided during peak demand periods. The commercial and industrial
sectors offer significant prospects for on-grid distributed generation.
Businesses can reduce energy costs and enhance sustainability by deploying
solar PV systems and other distributed generation technologies. In summary, the
on-grid segment of the global distributed generation market is experiencing
substantial growth, driven by the increasing adoption of solar PV systems, grid
stability advantages, and supportive policies. Opportunities abound in energy
storage integration, commercial and industrial applications, and
grid-interactive buildings.
Key market players in the Global Distributed Generation
Market are:-
- Siemens AG
- General Electric Company
- Mitsubishi Heavy Industries Ltd
- Schneider Electric SE
- Fuel Cell Energy Inc
- Caterpillar Inc.
- Vestas Wind Systems A/S
- Rolls-Royce Power Systems AG
- Toyota Turbine and Systems Inc.
- Capstone Turbine Corporation
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“The
Distributed Generation Market in North America is poised to be the dominant
force in the industry.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Distributed
Generation Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented
By Technology (Reciprocating Engines, Fuel Cells, Solar PV Cells and Wind
Turbines), By Application (On-Grid and Off-Grid), By End-User (Residential,
Industrial and Commercial), By Region, By Competition Forecast &
Opportunities, 2018-2028,”
has evaluated the future
growth potential of Global Distributed Generation Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Distributed Generation Market.
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