Distributed Generation Market 2023, In-depth Forecast and Size Estimation, Highlights Growth, CAGR Status, and Revenue till 2030
Distributed generation refers to the generation of electricity from multiple small-scale power sources located near the end-users or within the electricity distribution system, as opposed to relying solely on large centralized power plants. It is also known as decentralized generation or on-site generation. In a traditional electricity system, power is generated at centralized power plants, transmitted over long distances through the transmission grid, and then distributed to consumers through the distribution grid. In a distributed generation system, however, electricity is generated closer to the point of consumption, reducing the need for extensive transmission and distribution infrastructure. Distributed generation can involve various technologies, including: • Solar Photovoltaic (PV) Systems: These systems convert sunlight directly into electricity using solar panels. •Wind Turbines: Small-scale wind turbines can be installed to harness wind energy and generate electricity....