Distributed Energy Generation Systems Market has been valued at US$ 258.1 billion in the year 2021 and it is estimated to reach US$ 654.22 billion by the year 2027, with a CAGR of 14.7% from 2022 to 2027. Distributed Energy Generation Systems refers to a variety of technologies that generate electricity at or near where it will be used, such as solar panels and combined heat and power; these are the main factors that have considerably increased the demand for the Distributed Energy Generation Systems in the market, thereby driving the huge growth of the Distributed Energy Generation Systems market in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for the Distributed Energy Generation Systems in the market is mainly due to the Increase in government policies and greenhouse gas (GHG) emission reduction targets, drive the growth of the distributed energy generation market during the forecast period. Several states and municipal governments are advancing laws to encourage increased deployment of renewable technologies due to the benefits of renewable technology, such as energy security, resiliency, and carbon reductions. Furthermore, increase in R&D initiatives for the development of new technologies are also expected to propel the market growth. Moreover, DEG systems are less expensive than traditional power production techniques these are the main factors that have considerably increased the demand for the Distributed Energy Generation Systems in the market, thereby driving the huge growth of the Distributed Energy Generation Systems market in the upcoming years

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The report is segmented as:

Distributed Energy Generation Systems Market is segmented on the basis of by:

By Technology (Solar PV, Combined Heat and Power, Wind Turbines, Piston Engines, Micro Turbines, and Fuel Cells),

By End-User (Residential, Commercial, and Industrial),

By Application (Off-Grid and On-Grid)

Geographical Segmentation:

Distributed Energy Generation Systems Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Distributed Energy Generation Systems is due to the owing to rising usage of solar PV rooftop arrangements for commercial and residential end-use industry is assessed to be one of the vital trends these are the main factors that have considerably increased the demand for the Distributed Energy Generation Systems in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Distributed Energy Generation Systems Market

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Impact of COVID-19 on Market

Covid -19 pandemic has affected almost every industry, and the long-term effects are projected to impact the growth of Distributed Energy Generation Systems during the forecast period. Covid-19 pandemic has impacted huge on the sales revenue of Distributed Energy Generation Systems market, Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. Companies have started opening their manufacturing units after taking all the necessary preventive measures. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of coronavirus.

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