Distributed Generation market is expected to at a CAGR of 14.6% from 2020 to 2026.
Distributed generation units using renewable resources such as wind, solar, and others to provide electricity in the event of a power outage is referred to as distributed generation. The distributed generation market begins with the production of basic distributed power technologies such as engines, turbines, solar panels, combustion chambers, and catalyst layers, which are then distributed to a variety of end users. The market is bolstered by a growing preference for renewable distributed power generation, specifically distributed solar PV installation, as a result of falling renewable generation and system costs, as well as favorable government policies around the world. Furthermore, rising investments in the installation of smart grids in countries such as the United States, India, and Japan are expected to drive up demand for distributed energy generation. The high initial costs of the equipment, on the other hand, are limiting market growth. By 2026, the Distributed Generation Market is expected to grow at a 14.6 percent compound annual growth rate (CAGR).
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The global Distributed Generation market has been segmented as below:
By Technology
Combined Heat and Power (CHP)
Reciprocating Engines
Fuel Cells
Solar PV Cells
Gas & Steam Turbines
Wind Turbines
By Application
Residential
Commercial
Industrial
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Vestas Wind Systems A/S, Rolls-Royce plc., Doosan Heavy Industries & Construction, Capstone Turbine Corp., Suzlon Energy Ltd., Caterpillar, Ballard Power Systems Inc., General Electric, Schneider Electric, Siemens, and others are among the major players in the global Distributed Generation market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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