The Distributed Generation market size will grow from USD 60.09 Billion in 2017 to USD 115.65 Billion by 2023, at an estimated CAGR of 11.53%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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The growing demand for electric power accompanied with regulatory incentives for clean energy generation have shifted the focus toward distributed generation technologies. Grid-connected installations are largely used as a long-term investment to provide energy for local loads and for the exchange of power with utility grids. These are used for power generation by various end-users including industries and manufacturing applications. The global distributed generation market, by technology, is segmented into solar PV, wind, microturbines, reciprocating engines, fuel cells, and gas turbines, of which, solar PV is the fastest growing segment. The decreasing costs of solar installations, attractive incentives, and greenhouse gas emission restrictions are expected to drive the adoption of solar PV technology for power generation during the forecast period.
By Market Players:
Siemens , General Electric , Schneider Electric , Mitsubishi Heavy Industries , Caterpillar , Capstone , Ansaldo Energia , Cummins , Fuelcell Energy , Bloom Energy , Flexenergy , Bergey,
Solar PV , Wind , Reciprocating Engines , Fuel Cells , Micro Turbines
On-Grid , Off-Grid,
Industrial , Commercial , Residential,
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Points Covered in The Report:
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