{"id":579158,"date":"2021-12-15T10:04:01","date_gmt":"2021-12-15T10:04:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=579158"},"modified":"2021-12-15T10:04:01","modified_gmt":"2021-12-15T10:04:01","slug":"distributed-energy-generation-market-size-leading-players-segments-analysis-and-growth-drivers-by-2027-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/distributed-energy-generation-market-size-leading-players-segments-analysis-and-growth-drivers-by-2027-grand-view-research-inc_579158.html","title":{"rendered":"Distributed Energy Generation Market Size Leading Players, Segments Analysis And Growth Drivers By 2027 | Grand View Research, Inc."},"content":{"rendered":"
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\u201cGrand View Research, Inc. \u2013 Market Research And Consulting.\u201d<\/div>\n<\/div>\n<\/div>\n
According to a new report published by Grand View Research, the DEG market is anticipated to witness significant growth from 2020 to 2027. The deployment of DEG technologies has increased since 2014 owing to the adoption of supportive government policies, such as Production Tax Credit (PTC) that provides a per-kilowatt-hour tax credit for the electricity generated by DEG resource and Investment Tax Credit (ITC).<\/div>\n

The global distributed energy generation market<\/a> size is expected to reach USD 580.8 billion by 2027 registering a CAGR of 11.5%, according to a new report by Grand View Research, Inc. The increasing need for energy and the high costs of grid expansion are the major factors driving the market growth. Low prices of Distributed Energy Generation (DEG) as compared to the conventional power generation methods are expected to provide a boost to the market.<\/p>\n

Moreover, inventions in DEG techniques, including floating solar PV, is expected to drive the market. Declining costs of solar PVs is playing a contributory role in the expansion of the market. Feed-in tariffs in regions, such as North America, Europe, and the Asia Pacific, are poised to stir up the growth of the market. Favorable government policies and other government regulations including net metering are expected to increase the number of DEG installations at residential locations, such as underdeveloped and rural areas.<\/p>\n

Extensive R&D, field trials, and demonstration projects have resulted in decreasing costs of DEG technologies, which, in turn, augmented market growth. China, India, and Japan are some of the key countries where energy demand has risen significantly. The grid connections are incapable of meeting such high demands that are further supplemented with energy loss problems and blackouts. As a result, institutions, schools, and universities opt for small power-generating stations using renewable sources. This is expected to grow the demand for this market.<\/p>\n

Browse full report with Table of Content @<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/distributed-energy-generation-industry<\/a><\/p>\n

Distributed Energy Generation Market Report Highlights<\/strong><\/p>\n