The distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. The market is set
to witness growth, due to increasing mandates to reduce global greenhouse gas
emissions and rising demand for electricity from the industrial, commercial,
and residential sectors.
The on-grid segment is
expected to hold the largest share of the distributed generation market, by
application, during the forecast period
On-grid systems are cost-effective and convenient to
install. The global market for distributed generation facilities that employ
grid-tied arrangements has been the highest. Driven by the capability to
provide perfect solutions for various end-users and contribution to reduce
harmful emissions from fossil fuel power plants, the segment is expected to
grow at a decent pace during the forecast period.
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Europe: Expected to be the
leading market for distributed generation during the forecast period
In this report, the distributed generation market has
been analyzed with respect to five regions, namely, North America, Europe, Asia
Pacific, South America, and the Middle East and Africa. The European market is
expected to lead the distributed generation market, by region. The increasing
demand for electrical energy due to urbanization and industrialization, as well
as rising government mandates to achieve sustainable goals, is likely to drive
the market during the forecast period in the region.
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