Registering the on-going trend, the distributed generation market is expected to rise at a CAGR of 8.2% between years 2017 and 2025. The distributed generation market will reach at a value of US$35.56 bn by the end of 2025.
Distributed Generation Market is anticipate to witness US$35.56 by
Surge in the demand for energy across the globe and need for grid to regulate the
energy is driving the distributed generation market. Implementation of new
technologies to generate electricity such as solar photovoltaic cells, underground
thermal energy storage, and winds turbines are attracting investment from
government. This is another factor which is augmenting the size of distribution
generation market. Also, low transmission losses is one of the major benefits fuelling
the expansion of distributed generation market.
Registering the on-going trend, the distributed generation market is expected to rise
at a CAGR of 8.2% between years 2017 and 2025. The distributed generation market
will reach at a value of US$35.56 bn by the end of 2025.
Constant demand for clean energy from renewable sources is bolstering funding
toward development of infrastructure for generation of clean energy. Governments
and industry players are investing on research and development to unveil new
technologies that can tap renewable energy sources. This has come out as one of the
important factors contributing to the expansion of distributed generation market in
the coming years.
The demand for electricity in both developed and developing countries for
residential and industrial purposes is increasing on daily basis. On the other hand,
governments are increasing cost as well as implementing policies to restrict the use
of energy produced from fossil fuels. Hence, there is a sheer pressure on
development of power distribution infrastructure that uses renewable energy source.
This, in turn, is enhancing the growth of distributed
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Utilization of Surrounding Renewable Energy Source to Make Homes Energy
Statistically, 1 billion people across the globe have no access to energy due to
absence of proper grid infrastructure. Distribut