Global Distributed Power Generation Market Set for Rapid Growth

Zion Market Research has published a new report titled “Distributed Power Generation Market: Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2017 – 2023”. According to the report, the global distributed power generation market was valued at USD 57.36 billion in 2017 and is expected to reach USD 103.28  billion by 2023, growing at a CAGR of 10.3% between 2018 and 2023.

The Asia Pacific dominated the market for distributed power generation in 2017 and accounted the significant share of the market. Infrastructure development in India and China on account of approving regulatory policies is expected to enlarge demand in the near future. In the U.S, rising production of shale gas and tight oil coupled with increasing performance of hydraulic fracturing is expected to open new distributed energy generation market avenues over the forecast period. The requirement of a reliable grid infrastructure mainly the South East Asian countries, where the population extends across several islands, will constrain the demand for off-grid power systems during the forecast period. In 2007, the European commission framed horizon 2020 strategy, aiming to reduce greenhouse emissions and develop sustainable methods.

For full information on the report, click here