North America Distributed Power Generation Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
North America distributed power generation market is expected to grow at a CAGR of more than 7% during the forecast period of 2020 – 2025. Factors such as rising environmental concerns and government policies for incentives and tax benefits for solar panel installation, high cost of grid expansion are expected to be major drivers driving the market. Also, advancement in technology leading to solar panel manufacturing cost reduction and increase in efficiency has been a major factor for the growth of North America distributed power generation market. However, a reduction in tax credit for solar power generation in the USA from 2022 is expected to slightly hamper the growth of the market in the forecast period.
Key HighlightsNorth America distributed power generation market is fragmented. Some of the major companies include Caterpillar Inc., Total SA, Seimens AG, Schneider Electric SE, and Sunrun Inc., among others.
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