Market Research Future published a research report on "Global Distributed Generation Market Research Report - Forecast to 2023" - Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.

Overview:

The global distributed generation market is expected to reach a 10.21% CAGR during the review period (2018-2023). Distributed generation is used mainly to generate electrical power and finds widespread application in cases with renewable energy. The system is fast gaining traction owing to its ability in curbing the loss of electricity during transmission. Its ability to support grid at peak hour is also quite remarkable.

As major driver for the Distributed Generation Market, solar panel can be considered. In the renewable energy sector, solar panels are making a mark owing to their easy-to-use features and low installation cost. At the same time, wind energy is getting significant traction. Several off-shore wind farms are now installing distributed generation to supply power. In many countries, the fast shift from the conventional sources to renewable sources is expected to substantially aggravate the market growth. At the same time, other eco-friendly measures such as reduced emission and energy security are factors that can squarely impact the market. Due to multiple benefits, governments are now creating opportunity for integration of such a technology.

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Competitive Analysis

The leading market players identified by MRFR in the global market are General Electric Company (US), Ansaldo ENergia (Italy), Bloom Energy (US), Schneider Electric SE (France), Caterpillar Inc. (US), Siemens AG (Germany), Mitsubishi Heavy Industries,Ltd (Japan), Fuel Cell Energy Inc (US), Cummins Inc (US), and Bergey Windpower (US).

The global market for distributed regeneration has a highly competitive scenario. The leading market players are expected to contribute significantly towards the automotive leaf spring market growth over the review period. The market is also expected to witness the rise of numerous entrants in the foreseeable future. Increasing research and development projects towards advanced technology integration along with strategic business tactics such as product development, mergers, partnerships, acquisitions, and joint ventures, to sustain the competitive dynamics.

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Segmental Analysis:

MRFR's analysis of the distributed generation market reveals a segmentation by technology type, application type, and end-use type. This segmentation enables a much closer look into the market to reveal possible outcomes in the coming years.

Based on the technology type, the distributed generation market consists geothermal, solar, wind, biogas, fuel cells, small hydro, and others. The solar segment is at the helm of the market owing to its cost-affordability. The wind segment is receiving substantial growth as well.

Based on the application type, the distributed generation market includes standalone off-grid systems, battery based on-grid systems, and battery less on-grid systems. The on-grid segment is spearheading the market due to its cost-effectivity and simple operational procedure.

Based on the end-use type, the distributed generation market can be segmented into residential, commercial, and industrial. The commercial segment is benefiting the most.

Regional Analysis

The geographical analysis of the global market has been conducted in four major regions, namely Europe, North America, the Asia Pacific, and the rest of the world (including Latin America and the Middle East and Africa).

North America is the second-largest market, with a distributed generation system amounting to about a sixth of the total energy used in the US. This is attributed to the early adoption of advanced technologies. The presence of substantial market players in a higher concentration in the region, especially in developed economies such as the U.S. and Canada, is also expected to contribute towards distributed generation market growth over the review period. It has been anticipated that the Asia-Pacific region will grow at the highest rate during the forecast period. Europe accounts for significant market share, whereas Asia-Pacific is the fastest-growing region. It is estimated that the Europe region will continue to dominate the market over the forecast period, mainly owing to the rising demand for renewable sources of energy.

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Contact Information:

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

sales@marketresearchfuture.com