Surgein the demand for energy across the globe and need for grid to regulate theenergy is driving the distributed generation market. Implementation of newtechnologies to generate electricity such as solar photovoltaic cells,underground thermal energy storage, and winds turbines are attractinginvestment from government. This is another factor which is augmenting the sizeof distribution generation market. Also, low transmission losses is one of themajor benefits fuelling the expansion of distributedgeneration market.
Registeringthe on-going trend, the distributed generation market is expected to rise at aCAGR of 8.2% between years 2017 and 2025. The distributed generation marketwill reach at a value of US$35.56 bn by the end of 2025.
Constantdemand for clean energy from renewable sources is bolstering funding towarddevelopment of infrastructure for generation of clean energy. Governments andindustry players are investing on research and development to unveil newtechnologies that can tap renewable energy sources. This has come out as one ofthe important factors contributing to the expansion of distributed generationmarket in the coming years.
The demandfor electricity in both developed and developing countries for residential andindustrial purposes is increasing on daily basis. On the other hand,governments are increasing cost as well as implementing policies to restrictthe use of energy produced from fossil fuels. Hence, there is a sheer pressureon development of power distribution infrastructure that uses renewable energysource. This, in turn, is enhancing the growth of distributed
Request PDF brochure
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=40586
Utilizationof Surrounding Renewable Energy Source to Make Homes Energy Independent
Statistically,1 billion people across the globe have no access to energy due to absence ofproper grid infrastructure. Distributed energy generation uses easily availablerenewable sources to generate energy. Innovation in the technology is enablinggeneration of energy from running water from tap, stored water, solar energy,wind energy, and geo-thermal energy. This can make every house energyindependent. And, remaining energy can also be transferred to the needful area.
Toimplement this electrification programs in energy-deficit regions, governmentwill need to invest substantially for the construction of grid structures aswell as area-specific technologies for the generation and storage ofelectricity. The trend will propel the growth of distribution generationmarket.
More Trending Reports
Among allthe technologies used in the distribution generation market, the combined heatand power (CH) technology is expected to hold the major share in distributiongeneration market in the course of forecast period. The implementation oftechnology is attributed to its availability and flexibility. It can bedeployed easily.
AsiaPacific is likely to contribute largely in the expansion of distributedgeneration market owing to the rising energy requirement among industries andresidential areas. In order to fulfil the demand, installation of power grid isrequired.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=40586<ype=S
Thedistributed generation market is witnessing high level of competitive intensityamong the key players. Technological advancements to tap renewable energysources are likely to escalate the competition in the market. Some of theprominent players in distribution generation market are Caterpillar PowerPlants, Rolls-Royce Power Systems, Bloom Energy, Ballard Power Systems, andMitsubishi Hitachi Power Systems.
Request Discount
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=40586
AboutUs
TransparencyMarket Research is a next-generation market intelligence provider, offeringfact-based solutions to business leaders, consultants, and strategyprofessionals.
Our reportsare single-point solutions for businesses to grow, evolve, and mature. Ourreal-time data collection methods along with ability to track more than onemillion high growth niche products are aligned with aims of various industries.The detailed and proprietary statistical models used by our analysts offerinsights for making right decision in the shortest span of time. Fororganizations that require specific but comprehensive information we offercustomized solutions through adhoc reports. These requests are delivered withthe perfect combination of right sense of fact-oriented problem solvingmethodologies and leveraging existing data repositories.
TMRbelieves that unison of solutions for clients-specific problemswith right methodology of research is the key to helpenterprises reach right decision.”
U.S. Office Contact
90 StateStreet, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
