Distributed Energy Generation (DEG) System Market
Distributed Energy Generation (DEG) System Market was valued US$ 168.43 Bn in 2017 and is estimated to reach US$ 537.43 Bn by 2026 at a CAGR of about 15% during a forecast period.
Increasing Paradigm shift in a generation of energy towards green technology; increasing awareness about reducing carbon footprint; government incentive with low cost are made available to all income groups around the world. Thus this will drive the Distributed Energy Generation (DEG) System Market. However, High initial cost and climate dependent systems are expected to restrain the growth of the market to a certain extent. While emerging markets and development of eco-friendly Distributed energy generation systems are major Opportunities toward Distributed Energy Generation (DEG) System Market. Distributed Energy Generation (DEG) System MarketThe Distributed Energy Generation (DEG) System Market can be segmented on the basis of technology, application type, end-user, and by geography. Based on the technology, Distributed Energy Generation (DEG) System market can be divided into CHP, Solar PV Cells, Fuel Cells, Micro Turbines, Reciprocating Engines, and Wind Turbines. Among this Solar PV, Cells is estimated to gain high share in the forecasting period. Adoption of technologies increases by decreasing costs of solar installations, attractive incentives, and greenhouse gas emission restrictions. Based on the application type, the market can be classified into On-Grid and Off-Grid. On- Grid application is usually used for generating power in various fields like industries and manufacturing applications. So, particularly on- grid sub-segment led the market share.
Long-term investment in Grid-connection installations provides energy for local loads and utility grids. Usually, the off-grid applicant becomes less prominent. In end-user, a market is segmented into Residential, Commercial, and Industrial. Heavy use of energy in commercial and industries sector, thus expect to grow the highest CAGR during the forecasting period
On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is going to emerge as one of the higher growth regions in the forecast period followed by Europe. The Asia Pacific is the global leader for a generation of renewable and nonrenewable energy. The country such as India, China, and Japan is the key manufacturer of distributed energy generating system. Rise in urbanization and growing the industrialization sector in this region will be expected to propel the demand for Distributed Energy Generation (DEG) System Market in the forecasting year 2018 to 2026.
Some of the prominent player operated in Distributed Energy Generation (DEG) System Market are Alstom, Ballard Power Systems Inc., Calnetix Technologies, LLC, Capstone Turbine Corporation, Canyon Hydro, and Caterpillar Power Plants.
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The scope of the Global Distributed Energy Generation (DEG) System Market :
Global Distributed Energy Generation (DEG) System Market By Technology:
- Fuel Cells
- Micro Turbines
- Reciprocating Engines
- Wind Turbines
- Solar PV Cells
Global Distributed Energy Generation (DEG) System Market By Application:
Global Distributed Energy Generation (DEG) System MarketBy End-users:
Global Distributed Energy Generation (DEG) System MarketBy Geography:
- North America
- Middle East & Africa
- Latin America.
Key Players operating in the Global Distributed Energy Generation (DEG) System Market:
- Canyon Hydro
- Capstone Turbine Corporation
- E.ON SE
- Cargo & Kraft Turbin Sverige AB
- Ballard Power Systems Inc.
- General Electric Energy
- Gilbert Gilkes & Gordon Ltd
- Toyota Turbine and Systems Inc.
- Fuel Cell Energy
- Gamesa Corp
- Calnetix Technologies, LLC
- Caterpillar Power Plants
- ClearEdge Power
- GUGLER Water Turbines GmbH
- Mitsubishi Power Systems Americas Inc.
- OPRA Turbines BV
- Rolls-Royce plc
- Siemens Energy
- Yingli Solar
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Distributed Energy Generation (DEG) System Market outlook. The report encompasses the distributed energy generation system market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Distributed energy generation system market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Distributed Energy Generation (DEG) System Market positioning of competitors.
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