DUBLIN--(BUSINESS WIRE)--The "Distributed Generation Market by Technology (Solar PV, Wind, Reciprocating Engines, Microturbines, Fuel Cells, Gas Turbines), Application (On-Grid, Off-Grid), End-User (Industrial, Commercial, Residential), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The distributed generation market is projected to reach from USD 60.04 billion in 2017 to USD 103.38 billion, by 2022, growing at a CAGR of 11.48%, from 2017 to 2022.
he increasing demand for electric power worldwide and decreasing costs of solar technology are driving the market for distributed generation across the world.
The commercial segment is expected to grow quickly in the global distributed generation market during the forecast period. This can be attributed to the increase in the number of commercial spaces such as shopping complexes, hospitals, airports, and office buildings. The use of distributed generation in commercial spaces is increasing as these spaces cannot afford the loss of power due to faults in transmission and distribution networks. The use of distributed generation also helps to reduce transmission and distribution losses.
Europe is the largest market for distributed generation followed by Asia Pacific and North America. The focus of the governments of countries such as Germany, the UK, and Russia for increased renewable energy contributions in regional electricity generation mix is expected to boost the demand for distributed generation. Furthermore, the increase in the demand for electrical energy due to urbanization and industrialization is likely to impact the growth opportunities of distributed generation in Europe.
The leading players in the distributed generation market are Siemens (Germany), GE (US), Schneider (France), Mitsubishi (Japan), and Capstone (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Premium Insights
6 Distributed Generation Market, By Technology
7 Distributed Generation Market, By Application
8 Distributed Generation Market, By End-User
9 Distributed Generation Market, By Region
10 Competitive Landscape
11 Company Profiles
- Ansaldo Energia
- Bloom Energy
- Fuelcell Energy
- General Electric
- Mitsubishi Heavy Industries
- Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/research/53glch/distributed