Emergen Research has published a novel research report titled, "Global Distributed Energy Generation Market Forecast to 2028". The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Distributed Energy Generation market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation. The global Distributed Energy Generation Market is expected to reach USD 536.56 Billion by 2027.
The growth of this market can be attributed due to the growing environmental awareness among consumers and supportive government policies regarding the increase of DEG installations by industrial commercial applications or by residential. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry. The pandemic has disrupted the supply chain and raw material supplies. As people are facing a financial crisis, they are curbing their expenses, which can adversely affect the industry.
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The key factors hindering the expansion of the autonomous cars market is cybersecurity and the safety precautions surrounding it. Although the self-driving car market has enormous growth potential, many purchasers don't seem to be quite able to deliver the keys because of the threat of hackers as they're tend to take control of data during various situations as well as set destinations that is likely to threaten the privacy of passengers.
Key Market Competitors Profiled in the Report:
- Ballard Power Systems Inc.
- Siemens AG
- Caterpillar Inc.
- General Electric
- Sharp Corporation
- Suzlon Energy Ltd.
- Doosan Heavy Industries Corporation
- Capstone Turbine Corporation
- Rolls-Royce plc.
- Vestas Wind Systems A/S
Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation by Product Type:
Solar PV, Wind Turbine, Fuel Cells, Diesel Gensets, Natural Gas Gensets, Gas Steam Turbine, Others
Market Segmentation by Application Type:
Industrial Commercial, Residential, Others
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Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
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The global Distributed Energy Generation market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
Key Objectives of the Global Distributed Energy Generation Market Report:
- The Fuel cells segment dominated the market with a share of 35.7% in 2019 due to its higher efficiencies and easy conversion to electrical energy. Solar PV is expected to be the fastest-growing segment over the forecast period as it provides clean and quality power.
- The Industrial Commercial segment dominated the market in 2019 due to the lower cost of the product installation. Besides, the supportive government policies such as feed-in-tariff and other subsidies are driving the growth of the market. Owing to the increasing electricity costs, the residential is adopting the renewable energy generation system. Also, government policies such as net metering are expected to encourage the installation of the distributed energy generation system.
- Asia-Pacific has the highest adoption rate in the market due to the increasing urban population in countries such as China, Malaysia, India, and Indonesia and the increasing disposable income of the consumers.
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