Distributed energy generation market to reach $580.8 Bn by 2027

The global distributed energy generation (DEG) market size is expected to reach USD 580.8 billion by 2027 registering a CAGR of 11.5 percent, according to a new report by Grand View Research, Inc. The increasing need for energy and the high costs of grid expansion are the major factors driving the market growth. Low prices of DEG as compared to the conventional power generation methods are expected to provide a boost to the market, the report said.

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