Distributed Generation Market: 2019 Global Industry Size, Share, Trends, Growth Application, Emerging Demand And Opportunity Forecast To 2023
Market Research Future published a half-cooked research report on global distributed generation market. The distributed generation market is expected to expand at ~ 10.21% CAGR during the period 2018 to 2023. Market Highlights Distributed generation is mostly run on renewable sources of energy, which reduces the dependency on conventional sources of energy for generating electrical power. Distributed generation system also supports the grid during peak hours. Additionally, the resouces are mostly located close to the load area, reducing losses during transmission. Wind energy is a major segment in this market and is estimated to grow at a phenomenol rate during the forecast period. Based on technology, the market is segmented as geothermal, solar, wind, biogas, fuel cells, and others. Solar segment is estimated to dominate the market during the forecast period due to the declining cost of installing these systems. Considering the application, the market is segmented as standalone