Distributed Power Generation Market share forecast to witness considerable growth from 2018 to 2024

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Distributed Power Generation market share
research by applications and regions for
2018-2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Distributed Power Generation Market

• Eminent players in the distributed power
  generation market comprise of Siemens, General
  Electric, ABB, Schneider Electric, SMA Solar
  Technology, Huawei Technology and Bloom Energy
  amongst others.
• Distributed Power Generation Market size will
  witness a robust growth owing to rising energy
  demand along with government initiatives for
  clean energy deployment. Rising concerns toward
  energy security coupled with measures to reduce
  carbon emissions will further fuel the industry
  growth. As per IEA, in 2016 renewables accounted
  for around two-third of the net power capacity
  addition across the world.

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• Stringent government norms pertaining to
  environment conservation along with increasing
  inclination toward clean energy utilization will
  augment the distributed power generation market.
  Ongoing technological enhancements across the
  sustainable energy industry including advance
  photovoltaic modules, wind turbines and energy
  storage systems will positively sway the industry
  dynamics. The European Union in 2015, introduced
  the Renewable Energy Directive with an aim to
  consume 20 energy from renewable resources by
  2020 across the region.
• Manufacturers across the Europe owing to
  stringent energy efficiency mandates have been
  compelled to align their focus toward sustainable
  energy installations. For instance, production of
  green transformers and micro grid infrastructure
  by leading market players has positively
  influenced the business scenario. Current
  electrification regime coupled with growing focus
  toward decentralized energy generation will
  further fuel the distributed power generation
  market.

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• The driving force for distributed power
  generation market is the decrease in the
  renewable component costs owing to favorable
  government mandates, flexible trade policies and
  economies of scale. Investments by government
  authorities and private parties toward solar and
  wind energy production will further complement
  the industry outlook. For instance, in 2016 new
  solar PV capacity all over the world increased by
  50 in relation to other conventional energy and
  is set to surpass 70 GW by 2020, with China
  accounting for half of this development.
• Long route supply of electricity incurs
  significant monetary fund flow for utilities
  owing to high aggregate TC losses. However,
  deployment of microgrid networks to cater the
  rising energy demand across grid isolated areas
  will institute a favorable business scenario.
  Refurbishment of conventional grid infrastructure
  with increasing need to restrain energy losses
  will further propel the distributed power
  generation market size.

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• Reduction in the overall capital cost of
  sustainable energy along with increasing concerns
  toward environmental proximity has instigated
  various countries to align focus across wholesale
  distributed power generation market. According to
  EPA, in 2017 the United States had additional 12
  million distributed generation units which
  accounted to one sixth of the centralized power
  generation industry across the nation.
• Government regulations to reduce greenhouse gas
  emissions have enhanced the use of renewable
  sources to generate power which has implied
  considerable impetus across the distributed power
  generation market. The U.S. federal tax reform
  offers incentive to improve energy efficiency of
  electrical systems with an aim to reduce overall
  electricity demand and carbon emissions.

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Methodology

• Market
  research reports Key analytical components

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