Distributed Energy Generation (DEG) Market to Witness Growth Acceleration During 2019-2026 - Ballard Power Systems, Capstone Turbine, Caterpillar Power Plants
Distributed Energy Generation (DEG) market is accounted for $61.64 billion in 2017 and is expected to reach $194.21 billion by 2026 growing at a CAGR of 13.6% during the forecast period. The factors driving the market growth are an expansion in increasing technological advancements and growing demand for distributed energy generation systems. However, increasing the cost of energy generation are restraining the market. Distributed energy generation refers to small scale energy generation units which generate electricity with the help of renewable resources such as solar, wind, etc. to provide electricity during power outages. Implementation of DEG offers power reliability, reduction in the cost of electricity and many other end-user application benefits. Some of the key players in the Distributed Energy Generation (DEG) market are: Ballard Power Systems Inc., Capstone Turbine Corporation, Caterpillar Power Plants, Doosan Fuel Cell America, E.ON SE, Enercon GmbH, First Solar, Fue...