Global Distributed Energy Generation Market Grow at a CAGR of 8.9% by 2021

MADISON, N.J. - July 20, 2017 - PRLog -- The Distributed Energy Generation (DEG) is generated or stored by a variety of small, grid-connected devices referred to as distributed energy resources (DER) or distributed energy resource systems.  The global market for distributed energy generation has been growing for the past five-years, driven by electricity transmission and distribution network and with the expansion of rolling stocks. DEG markets are also growing with the increase in use renewable energy sources, including small hydro, biomass, biogas, solar power, wind power and geothermal power as well as increasingly play a key role for the electric power distribution system. The European region dominates the distributed energy generation systems market followed by Asia-Pacific and North America in terms of value. In the long-term, modernization of smart grids and further develops the microgrids system is expected to drive the market for distributed energy generation, with increasing demand for renewable energy production and infrastructure expansion in the developing regions.

Yingli Solar Energy, Vestas, Suzlon, General Electric, Siemens AG, BHEL, Schneider and Electric Co. Ltd., Mitsubishi Heavy Industries, Ltd. and Chevron Energy, SunPower Corp. are some of the major manufacturers involved in the generation of electrical distributed energy generation across regions.

This market research report explains current market for distributed energy generation in terms of value and units. The report also highlights the major drivers and challenges, market share for major companies, including their profiles related to distributed energy generation market.

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In North America, Transmission and Distribution networks are one part of the most capital concentrated industries in the country, whose further growth will impulse the distributed energy generation market. Though the investment in transmission is developing very slowly, the need for consumption is increasing, which is expected to further led the growth of the market for distributed energy generation in the European region. Whereas, the rate of growth in the Asia-Pacific region is the highest in comparison to other regions globally, mainly due to distributed power push in China, with sharply rising in meeting the basic needs with distributed power. Also, in Central and South America region, the small wind power systems flourished on remote farms, especially in nation Mexico, which mainly being looking as the huge opportunities for distributed power and natural gas. The rate of growth in the ROW region shows huge potential in comparison to other regions globally, mainly due to hugely solving reliability challenges in Egypt.

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