Distributed Energy Resources Market Analysis by Upcoming Challenges and Growth Rate till 2028

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Distributed Energy Resources Market Analysis by Upcoming Challenges and Growth Rate till 2028

September 27
16:14 2022
Distributed Energy Resources Market Analysis by Upcoming Challenges and Growth Rate till 2028
Distributed Energy Resources Market
The global distributed energy resources market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period.

The global distributed energy resources market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are adoption of renewable energy sources, reduction of overall emission intensity, and decentralization of energy. In addition, lower energy costs, system-level capacity, operating reserves, and resilience distribution are other key factors expected to drive demand for distributed energy resources, and support market revenue growth.

Distributed Energy Resources (DER) are smaller power sources that may be used individually or in groups to feed the grid, have opened the way for a two-way energy flow and the adoption of new, connected power production technologies. DER systems, which usually use renewable energy sources such as small hydro, solar, wind, and geothermal power, are becoming progressively crucial in the electric power distribution system. A DER system is a grid-connected device for electricity storage that is also known as a distributed energy storage system. DER systems can be managed and controlled within a smart grid using an interface. Distributed generation and storage allow for the collection of energy from a variety of sources, potentially reducing environmental consequences and improving supply security.

Top companies in the market include: Capstone Turbine Corporation, First Solar, Suzlon Energy Ltd., Sharp Corp., Mitsubishi Electric Corp., Toyota Turbine and Systems Inc., Volta, Ansaldo Energia & Others.

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The global distributed energy resources market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Revenue growth of the market can be attributed to rising global demand for clean and sustainable energy, rapid industrialization and urbanization, advancements in the power & energy sector, growing focus on renewable energy sources, and economic growth of the countries.

Distributed Energy Resources (DER) are smaller power sources that may be used individually or in groups to feed the grid, have opened the way for a two-way energy flow and the adoption of new, connected power production technologies. DER systems, which usually use renewable energy sources such as small hydro, solar, wind, and geothermal power, are becoming progressively crucial in the electric power distribution system. A DER system is a grid-connected device for electricity storage that is also known as a distributed energy storage system. DER systems can be managed and controlled within a smart grid using an interface. Distributed generation and storage allow for the collection of energy from a variety of sources, potentially reducing environmental consequences and improving supply security.

The report further provides a comprehensive analysis of the competitive landscape and provides a complete coverage with regards to company’s profiles, product portfolio, revenue generation, financial standing and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships among others. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities.

The report aims to offers a thorough outlook of the Distributed Energy Resources market based on various key elements such as market drivers, limitations, threats, restraining factors, and growth prospects. It also a provides an extensive regional analysis along with key countries with regards to production and consumption ratio, import/export, consumer demand, supply and demand, regulatory factors, investment and funding, and presence of key players in each region.

Distributed Energy Resources Market Segmentation by Regions:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

 

Global Distributed Energy Resources Market Segmentation based on Product Types and Applications:

Technology Types:

  • Wind Turbine
  • Solar Photovoltaic
  • Reciprocating Engines
  • Fuel Cells
  • Gas & Steam Turbine

 

Application Spectrum:

  • Residential
  • Commercial & Industrial

 

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