“The distributed generation market is projected to grow at a CAGR of 11.48%, from 2017 to 2022”
The Distributed Generation Market is projected to reach from USD 60.04 billion in 2017 to USD 103.38 billion, by 2022, growing at a CAGR of 11.48%, from 2017 to 2022. The increasing demand for electric power worldwide and decreasing costs of solar technology are driving the market for distributed generation across the world.
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“The commercial segment is expected to hold the largest share of the distributed generation market, by end-user, during the forecast period”
The commercial segment is expected to grow quickly in the global distributed generation market during the forecast period. This can be attributed to the increase in the number of commercial spaces such as shopping complexes, hospitals, airports, and office buildings. The use of distributed generation in commercial spaces is increasing as these spaces cannot afford the loss of power due to faults in transmission and distribution networks. The use of distributed generation also helps to reduce transmission and distribution losses.
“Europe: The largest market for distributed generation”
Europe is the largest market for distributed generation followed by Asia Pacific and North America. The focus of the governments of countries such as Germany, the UK, and Russia for increased renewable energy contributions in regional electricity generation mix is expected to boost the demand for distributed generation. Furthermore, the increase in the demand for electrical energy due to urbanization and industrialization is likely to impact the growth opportunities of distributed generation in Europe.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 20%, Tier 2- 55%, Tier 3- 25%
- By Designation: C-Level- 50%, D-Level- 25%, Others- 25%
- By Region: North America- 40%, Europe- 23%, Asia Pacific- 17%, South America- 11%, Middle East & Africa- 9%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = The leading players in the distributed generation market are Siemens (Germany), GE (US), Schneider (France), Mitsubishi (Japan), and Capstone (US).
Research Coverage:
The report provides a picture of the distributed generation market across the power industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as technology, application, end-user, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.
For the purpose of this report, the market has been segmented on the basis of application, end-user, technology, and region with a focus on industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the distributed generation market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the distributed generation market
• Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for distributed generation across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global distributed generation market
Reasons to buy this report:
- This report identifies and addresses key markets for implementation of distributed generation in the power industry, which would help manufacturers review the growth in demand.
- The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Related Report:
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The global Distributed Control System (DCS) market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Distributed Control System (DCS) by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Get more information on this report at: https://watchersofmarkets.com/products/global-distributed-control-system-dcs-market-analysis-2012-2017-and-forecast-2018-2023
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