Distributed Energy Generation Market Poised to Garner Maximum Revenues During 2021-2030
Distributed Energy Generation Market Analysis
Distributed Energy Generation Market to Witness Huge Growth by 2030 โ CATERPILLAR, Siemens, Schneider Electric, etc.
WILMINGTON, DELAWARE, UNITED STATES, April 30, 2024 /EINPresswire.com/ -- An increase in government policies on distributed energy generation and a rise in awareness about clean sources of energy is expected to increase the demand for DEG systems. Moreover, increased global demand for electricity, decrease in costs of solar technology, and rise in efforts to reduce global greenhouse gas emissions boost the market growth during the forecast period. The global distributed energy generation market size was valued at $246.4 billion in 2020 and is forecasted to reach $919.6 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐: https://www.alliedmarketresearch.com/request-sample/14153
Distributed energy generation (DEG) systems generate electricity at or near where it will be used, such as solar panels and combined heat and power. Distributed energy generation can power a single structure, such as a home or company, or it can be part of a microgrid system, such as at a big industrial complex, military base, or university campus. Distributed energy generation can help support the delivery of clean, reliable power to more consumers and reduce electricity losses along transmission and distribution lines when connected to the electric utility's lower voltage distribution lines.
An increase in government regulations and targets for reducing greenhouse gas (GHG) emissions boosts the growth of the distributed energy generation market during the forecast period. Several states and municipal governments are developing policies to encourage increased deployment of renewable technology due to the obvious benefits of renewable technologies, such as energy security, resiliency, and carbon reductions. Increased R&D initiatives for the development of new technologies are also likely to drive distributed energy generation market growth. Moreover, traditional power generation techniques are expensive when compared with DEG systems. As a result, the demand for a clean source of energy, combined with the cheap cost of the products, is likely to boost market expansion during the forecast period.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/14153
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Distributed Energy Generation industry's key market players adopt various strategies such as product launches, product development, collaboration, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:๐๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
Mitsubishi Electric Corporation
Doosan Heavy Industries & Construction
General Electric
Rolls-Royce plc
Capstone Green Energy Corporation
CATERPILLAR
Vestas, Schneider Electric
Siemens
Toyota Tsusho Corporation
The distributed energy generation market is segmented based on technology, end-use industry, and region. By technology, the distributed energy generation market is segmented into micro-turbines, combustion turbines, micro-hydropower, reciprocating engines, fuel cells, wind turbines, solar PV, and others. The fuel cells segment accounted for the largest share in 2020, while the solar PV segment is projected to grow at the highest CAGR of 18.1%.
By end-use industry of distributed energy generation, the market is divided into residential, commercial, and industrial. The industrial segment accounted for the largest distributed energy generation market share in 2020, while the commercial segment is projected to be the fastest-growing segment at a CAGR of 15.7%.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region accounted for the largest share of the market in 2020 as well as was the fastest-growing region.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/14153
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
- Based on technology, the fuel cells segment emerged as the global leader by acquiring more than 35% of the market share in 2020 and is anticipated to continue this trend during the forecast period.
- Based on end-use, the industrial segment accounted for 40% of the global market share in FY2020.
- Based on region, the Asia-Pacific region is the major consumer of distributed energy generation among other regions. It accounted for around 39% of the global market share in 2020.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐. ๐๐๐ฑ๐ญ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ข๐จ๐๐ฎ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2021/08/16/2281199/0/en/Next-Generation-Biofuels-Market-to-Reach-59-4-Billion-by-2030-AMR.html
๐. ๐๐๐ฉ๐ญ๐ข๐ฏ๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/captive-power-generation-market-to-reach-823-1-bn-globally-by-2030-at-5-3-cagr-allied-market-research-301483645.html
๐. ๐๐ณ๐จ๐ง๐ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ -https://www.globenewswire.com/news-release/2022/06/14/2462250/0/en/Ozone-Generation-Market-Is-Expected-to-Reach-2-5-Billion-by-2030-Says-AMR.html
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