Distributed Generation Market to expand with CAGR of 7.7% during 2017-
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
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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. Dis