5195.00 ₹ Rupee Distributed Generation Market | Distributed Generation Market Report Anjangaon

Published date: July 11, 2018
  • Location: Buffalo, Anjangaon, Maharashtra, India

The global distributed generation market is expected to witness a CAGR of 15.5% and is projected to reach USD 483.1 billion by 2024. Factors such as high cost of utility tariffs, interruption of power supply, and losses incurred during transmission of electricity over long distances have shifted the interest towards distributed generation. Furthermore, financial incentives given by governments for construction of renewable distributed generation facilities is likely to give impetus to the market over the forecast period.

Distributed generation is a form of decentralized generation which incorporates the same technologies as a conventional power plant but at a smaller scale. Distributed generation facilities are used independently or in conjunction with utility grid to supply uninterrupted supply to the consumers. Furthermore, investors and DG companies opt for commercial power purchase agreement (PPA), which is a contract to supply power to an offtaker for a set period of time. Moreover, distributed generation can be used for remote and inaccessible rural areas, which is likely to augment the market growth in developing countries.

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