Dive Summary:
- The global distributed energy generation (DEG) market is projected to reach $155.86 billion by 2018, up from $99.68 billion in 2011, according to a new report from Transparency Market Research (Editor's Note: Report is paywalled).
- The North American DEG market is projected to hit $37.33 billion by 2018.
- The European market made up over 39% of global DEG installations in 2011.
- The report cites "insufficient centralized electricity supply, increased interest in green energy technology, rising industry awareness and revised Feed in Tariff rates" as the main drivers for market growth, according to Power Engineering.