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Distributed energy generation market growing at a 9.04% gagr by 2022 according to new research report

Industrial Market Research

The distributed energy generation market report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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World distributed energy generation market research and analysis Report added on The analysts forecast global Distributed Energy Generation Market to grow at a CAGR of 9.04% during the period 2018-2022.

According to the distributed energy generation market report, one driver in the market is increased need for energy access and high cost of grid expansion. It has been observed that around 1 billion people across the world have no access to energy due to the lack of grid infrastructure.

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In addition, the cost of main grid extension for rural electrification depends on the demand pattern, distance of the community from the existing main grid, population density, power quality, and several other factors.

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One trend in the distributed energy generation market is reduction in technology costs. The adoption of technologies such as the wind power and solar power energy in both developing and developed countries is increasing due to the rising support from the governments such as feed-in tariffs and incentives and declining costs.

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Further, the distributed energy generation market report states that one challenge in the market is low efficiency of solar PV. Energy storage systems combined with solar PV are the most commonly used sources of distributed energy generation.

They are clean and available in abundance. However, they are low on efficiency.

Currently used Solar PV panels can convert approximately 15% of the sunlight that falls on the panel into electrical power.

Market driver

- Increased need for energy access and high cost of grid expansion

- For a full, detailed list, view our report

Market challenge

- Low efficiency of solar PV

- For a full, detailed list, view our report

Market trend

- Reduction in technology costs

- For a full, detailed list, view our report

 Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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