The Global Distributed Energy Generation Market Report, published by Emergen Research, is estimated to garner a robust valuation of USD 536.56 Billion in 2027 from USD 232.60 Billion in 2019, delivering a steady CAGR of 11.1 % over the next eight years, i.e., the forecast duration (2019-2027). The latest report offers a profound analysis of the present market scenario, its key product types, end-user landscape, application outlook, leading regions, competitive terrain, and the leading companies’ detailed profiles. The pandemic has disrupted the supply chain and raw material supplies. As people are facing a financial crisis, they are curbing their expenses, which can adversely affect the industry. Additionally, many companies are withdrawing their investments, and the government of several countries is cutting down the incentives provided by them earlier, which are hampering the growth of the market.
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The key factors hindering the expansion of the autonomous cars market is cybersecurity and the safety precautions surrounding it. Although the self-driving car market has enormous growth potential, many purchasers don't seem to be quite able to deliver the keys because of the threat of hackers as they're tend to take control of data during various situations as well as set destinations that is likely to threaten the privacy of passengers.
Key Market Competitors Profiled in the Report:
- Ballard Power Systems Inc.
- Siemens AG
- Caterpillar Inc.
- General Electric
- Sharp Corporation
- Suzlon Energy Ltd.
- Doosan Heavy Industries & Corporation
- Capstone Turbine Corporation
- Rolls-Royce plc.
- Vestas Wind Systems A/S
Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation by Product Type:
Solar PV, Wind Turbine, Fuel Cells, Diesel Gensets, Natural Gas Gensets, Gas & Steam Turbine, Others
Market Segmentation by Application Type:
Industrial & Commercial, Residential, Others
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Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
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The global Distributed Energy Generation market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
Key Objectives of the Global Distributed Energy Generation Market Report:
- The Fuel cells segment dominated the market with a share of 35.7% in 2019 due to its higher efficiencies and easy conversion to electrical energy. Solar PV is expected to be the fastest-growing segment over the forecast period as it provides clean and quality power.
- The Industrial & Commercial segment dominated the market in 2019 due to the lower cost of the product installation. Besides, the supportive government policies such as feed-in-tariff and other subsidies are driving the growth of the market. Owing to the increasing electricity costs, the residential is adopting the renewable energy generation system. Also, government policies such as net metering are expected to encourage the installation of the distributed energy generation system.
- Asia-Pacific has the highest adoption rate in the market due to the increasing urban population in countries such as China, Malaysia, India, and Indonesia and the increasing disposable income of the consumers.
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