Global Distributed Energy Generation (DEG) Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Distributed Energy Generation (DEG) market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Distributed Energy Generation (DEG) Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Distributed Energy Generation (DEG) Market forecast.
The Distributed Energy Generation (DEG) Market report discusses the
primary industry growth drivers and challenges that the vendors and the market
as a whole face and provides an overview of the key trends emerging in the
market. It also talks about the market size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
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The Distributed Energy Generation (DEG) Market global
size is expected to value at USD 573.7 billion by 2025. The market is subject
to witness a substantial growth due to numerous environmental advantages, and
high efficiency in comparison with the conventional power generation systems.
The distributed energy generation (DEG) diminishes the need for constructing a
transmission capacity, allowing reduction in the line cost. Additionally, lower
operational cost associated with the use of the distributed energy generation
(DEG) in comparison with the traditional systems is propelling the growth of
the distributed energy generation (DEG) industry in recent years.
Similarly, with recent advancements in the distributed
energy generation methodologies like that of floating solar photovoltaic are
expected to positively influence the distributed energy generation (DEG)
market. The reduction in the cost of solar photovoltaics due to numerous
government initiatives and subsidies are spiraling the demand of distributed
energy generation (DEG) systems. Globally, the distributed energy generation
(DEG) market is predicted to grow at CAGR of 15.0% in forecast period,
providing numerous opportunity for industry players to invest for research and
development in the DEG industry.
The generation of electricity with the help of
distributed renewable systems offers lower initial cost, reduced operational
and maintenance cost along with reduction in the per unit cost of electricity.
Such advantages help consumers to adopt distributed energy generation (DEG)
system over conventional energy system. The use of distributed energy
generation (DEG) provide numerous environmental benefits in regards to the renewable
energy generation. Furthermore, growing awareness regarding to the importance
of clean energy resources is spurring growth of the industry in the forecast
period. Adoption of renewable energy
reduces generation of greenhouse gas emissions. DEG systems are fairly
inexpensive in comparison with the traditional electricity generation systems.
These factors are playing a key role for the expansion of the distributed
energy generation (DEG) industry over the forecast period.
Typically, power generation plants require large area and
centralized processing units. With the development of latest trend involving
distributed systems, allows decentralization of energy generation system. In
distributed energy generation (DEG) systems, various energy conversion units
are located near energy consumers, as large units are replaced by small
capacity units. A distributed energy generation system is a highly efficient,
dependable and environment-friendly. Applications of the distributed energy
generation (DEG) systems are commonly found in small hydro power plants,
biomass power plants solar PV systems, wind turbines, and geothermal power
units. These systems play a key role in the electric power distribution as
well. Distributed generation systems is commonly referred as multiple power
sources feeding on the single loads at multiple locations, or standalone and
isolated power units located at the point of use.
Benefits associated with the use of the distributed
energy generation (DEG) are reduction in the transmission and distribution
losses due to convenient placement and enhanced loading capabilities. The
adoption of distributed energy generation (DEG) systems allows generation of
electricity from waste products or renewable resources such as bio-mass or
bio-gas, which is considered as ideal replacement for fossil fuels. The
distributed energy generation (DEG) does not require additional circuitry and
uses existing single or three phase generation.
The distributed energy generation (DEG) industry is
divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise adoption of latest technologies and existence
well-established infrastructure. Asia-Pacific region is predicted to hold major
market share in the distributed energy generation (DEG) market with massive
growth in forecast period.
Countries such as India and China leading the
Asia-Pacific market with growing requirement of micro-grids and significant investment
by leading industry players due to numerous potential opportunities in the
region. The key players in the distributed energy generation (DEG) industry are
Capstone Turbine Co., General Electric Inc., Vestas Wind Systems, Siemens Co.,
and Caterpillar Power Plants.
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