Distributed Generation Market to exceed $103.38 Billion by 2022
The global distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be
attributed to the increased global demand for electricity, decreasing costs of
solar technology, and rising efforts to reduce global greenhouse gas emissions.
The growing demands for electric power accompanied with regulatory...
Rising Demand for Reliable Power Supply is Driving the Paralleling Switchgear Market
Paralleling Switchgear Market Overview:-
According MarketsandMarkets™ Research – The paralleling switchgear market is expected to grow from an estimated USD 1.17 Billion in 2018 to USD 1.55 Billion by 2023, at a CAGR of 5.82% during the forecast period.
The market is set to witness growth due to increase in distributed generation and ageing and overburdening of power grids.
Objectives...
Distributed Generation Market to Witness Good Growth in the Coming Years due to the Increasing Global Demand for Electricity
Distributed generation has the ability to generate electricity from different sources of energy such as solar, wind, and tide energy, which is fast emerging as an eco-friendly way for generating electricity. Increased global warming has led the governments to take several initiatives in order to reduce greenhouse gas emissions. This trend is anticipated to continue over the coming years as well, thereby...