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Global Distributed Energy Generation Market to Expand at 11.3% CAGR, Reaching $241.6 Billion by 2028

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Distributed Energy Generation Powering the Global Market Towards Sustainability with Expected Growth from $141.3 Billion in 2023 to $241.6 Billion by 2028, According to Latest BCC Research Study

BOSTON, June 7, 2024 /PRNewswire/ — As the world moves toward sustainable energy solutions, the distributed energy generation (DEG) market is expanding at a rate never seen before. Alternatives to conventional energy sources that are decentralized, effective, and ecologically benign include DEG technology like solar PV and wind turbines.

According to the latest BCC Research study, the demand for The Global Market for Distributed Energy Generation is estimated to increase from $141.3 billion in 2023 to reach $241.6 billion by 2028 with a compound annual growth rate (CAGR) of 11.3% during the forecast period of 2023-2028.

The report provides a comprehensive analysis of distributed energy generation technologies, including reciprocating engines, small hydropower, solar PV, small combustion turbines, small wind, fuel cells, and microturbines. It examines market trends and opportunities, offering detailed insights into manufacturers’ revenues and market dynamics. The report covers technological advancements, economic conditions, and standards both domestically and internationally. It also assesses the regional policy, regulatory frameworks, and ESG considerations to ensure environmental sustainability and compliance with government regulations. Forecasts are provided for 2023 to 2028, using 2022 as the base year, and the competitive landscape, including key and regional players, is analyzed. Market values, presented in USD million, include costs of new and replacement DG equipment but exclude installation, appurtenances, and site-specific engineering costs.

To learn more about “The Global Market for Distributed Energy Generation Report”, please click here for more information.

The following factors drive The Global Market for Distributed Energy Generation:

Growing Focus on Renewable Energy to Achieve Zero-Emission Targets: Governments and organizations worldwide are increasingly emphasizing renewable energy to combat climate change and reduce greenhouse gas emissions. DEG technologies like solar PV and wind turbines are essential in achieving these sustainability goals by generating electricity locally and reducing transmission losses.

Augmenting Demand for Electricity Across the Globe: As populations and economies grow, the demand for electricity rises, challenging traditional centralized power generation. DEG offers a solution by producing electricity near the point of use, ensuring greater reliability and resilience, especially during grid disruptions.

Significant Cost Reductions in Solar PV Systems: Over the past decade, the cost of solar PV panels has significantly decreased due to technological advancements and improved manufacturing processes. This has made solar PV systems more affordable and popular for both residential and commercial installations.

Cost Efficiency of Wind Energy Installations: Advances in wind turbine technology have increased efficiency and reduced costs, making wind energy a crucial part of DEG. Wind turbines can be installed onshore and offshore, effectively harnessing wind power and supporting the growth of distributed energy generation.

Request a Sample Copy of The Global Market for Distributed Energy Generation Report.

Report Synopsis 

Report Metrics

Details

Base year considered

2022

Forecast Period considered

2023-2028

Base year market size

$133.5 billion

Market Size Forecast

$241.6 billion

Growth rate

CAGR of 11.3% for the forecast period of 2023-2028

Segment Covered

Technology

Regions covered

Europe, North America, APAC (Asia-Pacific), South America, Middle East and Africa (MEA)

Key Market Drivers

 

Growing Focus on Renewable Energy to Achieve Zero-Emission Targets Augmenting Demand for Electricity Across the Globe Significant Cost Reductions in Solar PV Systems Cost Efficiency of Wind Energy Installations

Key Facts about The Global Market for Distributed Energy Generation:

DG technologies offer new power system opportunities but pose challenges during grid failures.Many countries are experimenting with DG on a smaller scale to understand its benefits.According to the IEA, DERs like distributed PV and EVs aid decarbonization by enabling fuel switching.The EPIA states that solar PV systems emit 16-32 g/kWh of carbon, much less than fossil fuel combustion’s 300-1,000 g/kWh.Solar PV is expected to help reduce carbon footprints and combat global warming.

The Global Market for Distributed Energy Generation Report contains comprehensive information and analysis covering the following key questions:

What is the projected market size and growth rate of the market?
The market is projected to grow from $133.5 billion in 2022 to $241.6 billion in 2028, at a compound annual growth rate (CAGR) of 11.3% during the forecast period.What are the key factors driving the growth of the market?
The key factors driving the growth of the distributed energy generation market include the growing demand for energy and the increasing use of renewable energy sources.What segments are covered in the market?
The distributed energy generation market is segmented based on technology and region.By Technology, which segment will dominate the market by the end of 2028?
The reciprocation engine segment will dominate the market by the end of 2028.Which region has the highest market share in the distributed energy generation market?
APAC holds the highest share in the market by value.

Some of the Key Market Players are:

ANSALDO ENERGIA S.P.A.BLOOM ENERGYCATERPILLAR ENERGY SOLUTIONS GMBHCUMMINS INC.DOOSAN ENERBILITYENGIE S.A.GENERAL ELECTRICMITSUBISHI HEAVY INDUSTRIES LTD.ROLLS-ROYCESIEMENS ENERGY AG

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Wind Turbines: Technologies, Applications, and Global Markets: This report provides a comprehensive analysis of various aspects of the wind turbine market, including different turbine types, installation types, grid connectivity, end-use, capacity rating, end users, and regional market developments. Major countries like the U.S., China, Germany, and others are highlighted as lucrative opportunities for wind turbines. It’s presented in an easy-to-understand format, featuring tables and figures that illustrate historical, current, and future market scenarios. Leading companies are profiled with details on product types, business presence, revenue, and more, while other players in global and regional markets are also listed. Additionally, the report includes a patent analysis, recognizing wind turbines as a significant investment area. It also addresses the impact of major events such as COVID-19 and the RussiaUkraine war on both global and regional markets. The market data is based on 2021 as the base year, with estimated values for 2022 and forecasts extending to 2027, all expressed in millions of dollars, with market shares and compound annual growth rates provided in percentages.

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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SOURCE BCC Research LLC

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AIE Graduates create visual effects for Academy-nominated film

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NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

CANBERRA, Australia, Sept. 19, 2024 /PRNewswire-PRWeb/ — NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

AIE graduates and teachers were given the opportunity to work on the film’s visual effects through AIE’s ongoing partnership with Learning Lions, who produced the film with Film Crew & Baobab Pictures. AIE is proud to support Learning Lions non-profit mission to enable young adults in marginalised rural communities of East Africa to become digital creatives by providing game development training and technology.

The visual effects for NAWI were brought to life by AIE teachers and experienced industry professionals, Thomas Magill and Tom Pugh, who were tasked with supervising the visual effects and liaising with the film’s Directors, Apuu Mourine, Kevin Schmutzler, Tobias Schmutzler and Toby Schmutzler. They assembled a team of recent AIE graduates and worked out how to create the effects required to immerse audiences in Nawi’s world.

“Graduates were able to take the skills they had learnt in class and apply them to cinema-quality footage. There was even a bit of nervous excitement working with professional expectations and deadlines,” said Tom Pugh.

Thomas Magill explained that most of the work involved compositing such as fixing blemishes, removing unwanted folds in clothing, changing pages in a book and removing background actors that were in the wrong place.

“We had a river shot where there was only a sandbank, and we had to create an entire island! There were several shots filmed in a dry riverbed which required us to create floodwater. We had to draw upon various disciplines: not just digital compositing but also visual effects creation and fluid simulations,” said Thomas Magill.

Both teachers enthused that the directors were a pleasure to work with and the collaboration was smooth.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

Learning Lions and AIE look forward to seeing NAWI progress through two rounds of voting by members of the Academy of Motion Picture Arts and Sciences to narrow the list of submitted films down to five nominees for the Best International Feature Film.

About Academy of Interactive Entertainment (AIE)

AIE offers practical, career-focused courses delivered by industry-experienced teachers in 3D animation, game development, visual effects and film. Since 2019 AIE has sponsored scholarships to their Certificate and Diploma programs to Learning Lions student. AIE provided laptops and is supporting with opportunities at various gaming companies around the world for paid part-time and full-time work.

https://aie.edu.au/

About Learning Lions

Learning Lions is fighting poverty with digital opportunity. Established in 2015, Learning Lions equips local youth with essential IT and media skills, and empowering them to become entrepreneurs and self-sustaining individuals. By leveraging digital services, these aspiring entrepreneurs not only support themselves but also provide opportunities for others through employment and mentorship.

https://www.learninglions.org/

Media Contact

Neil Boyd, Academy of Interactive Entertainment, 61 434273190, neilb@aie.edu.au, https://aie.edu.au/

Facebook, LinkedIn

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SOURCE Academy of Interactive Entertainment

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Valhalla MSO Launches Impetus One to Enhance Valhalla Vitality’s Telehealth Platform

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Valhalla MSO launches Impetus One, enabling healthcare providers to expand services, improve patient retention, and boost revenue with no upfront costs

MIAMI, Sept. 19, 2024 /PRNewswire-PRWeb/ — Valhalla MSO is excited to announce the launch of Impetus One (IO), a new software designed to power the Valhalla Vitality Network Provider Program. This initiative aims to expand the reach and capabilities of independent healthcare providers by offering an alternative to the traditional insurance model. With a focus on preventative medicine and wellness therapies, the platform is set to enhance patient care while creating new revenue opportunities for providers.

The Valhalla Vitality Network Provider Program addresses the gap created by insurance companies that often deny coverage for preventative medicine, wellness services, and even weight loss therapies. Insurance typically does not compensate healthcare providers for the time spent improving a patient’s overall health. Impetus One (IO) offers an alternative by providing a cash-pay marketplace where providers are fairly compensated for delivering impactful, life-changing services to their patients.

Key Benefits for Providers

Impetus One Software Integration: The platform integrates seamlessly with Valhalla Vitality, offering an e-commerce marketplace that connects patients with a wide range of health services. Providers can easily adopt the system to deliver therapies and other services, ensuring smooth payment processing and order fulfillment.No Upfront Costs: Providers can join the Network Provider Program without any initial fees. They simply share a unique link with patients, allowing for easy access to services, and payments are processed as orders are placed. Partner pharmacies handle medication shipments directly, creating a hassle-free experience for providers.Boosting Patient Retention: The platform includes a VIP Rewards Program, designed to increase patient retention and loyalty. Patients earn points for discounts and exclusive benefits, which encourages ongoing engagement and care continuity.E-commerce and Wellness Integration: Unlike typical affiliate programs, Valhalla Vitality allows providers to retain full control of their patient relationships. Providers can generate revenue through the integrated e-commerce system without worrying about referral fees or kickbacks, enabling them to focus solely on delivering high-quality patient care.

By joining the Valhalla Vitality Network Provider Program, healthcare providers gain access to a scalable model that helps increase profits, introduce new services, and enhance patient satisfaction. The VIP Rewards Program also strengthens the bond between patients and providers, making healthcare more accessible and rewarding for all.

Healthcare providers looking to grow their practices and increase revenue can join the Valhalla Vitality Network by visiting http://www.providevitality.com. Valhalla MSO’s new platform is a powerful tool for delivering advanced, patient-centric healthcare with a focus on accessibility and quality.

For more information, visit Valhalla Vitality at http://www.valhallavitality.com.

Media Contact

Chris K., Valhalla Vitality, 888-888-8888, ck@s99agency.com, https://valhallavitality.com/

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SOURCE Valhalla Vitality

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Ultima Markets Wins Two Prestigious Awards at Global Forex Awards–Retail 2024!

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LIMASSOL, Cyprus, Sept. 19, 2024  /CNW/ — Ultima Markets, a leading global forex and CFDs brokerage, is thrilled to announce its double success at the prestigious Global Forex Awards – Retail 2024. The company won two distinguished awards: “Best Affiliates Brokerage – Global” and “Best Fund Safety – Global.”

The awards were presented during the event in Limassol, Cyprus, where Jean Philippe, Board Advisor, Corporate Governance and Sustainability at Ultima Markets, accepted the honours.

The Global Forex Awards – Retail has celebrated excellence in trading innovation for seven consecutive years. Ultima Markets’ dual wins reflect its commitment to quality, client-centric strategies, and strong partnerships across the financial services sector.

The “Best Affiliates Brokerage—Global” award recognises Ultima Markets’ exemplary affiliate programme, which has successfully driven its global expansion. It is celebrated for its transparency and competitive rewards tailored to affiliate needs.

Receiving the “Best Fund Safety – Global” award highlights Ultima Markets’ efforts to safeguard client assets. Through its partnership with Willis Towers Watson, the company provides up to USD$1,000,000 in insurance per account, while its Financial Commission membership ensures clients access to up to €20,000 in compensation funds.

These recognitions underscore Ultima Markets’ priority to security and transparency, including segregated accounts and robust risk management practices. The broker also assures affiliate partners of exceptional standards.

Commenting on the awards, Jean Philippe said, “These recognitions reflect the exceptional work of our teams to ensure the safety of traders’ funds and our dedication to creating value for our partners and clients. We will continue to evolve and innovate to meet the market’s demands.”

Ultima Markets is renowned for its extensive range of trading products and personalised customer service, designed to meet clients’ diverse needs worldwide. The dual recognition marks a significant milestone in the company’s global growth and reaffirms its reputation for delivering fund safety and robust affiliate opportunities.

“We are delighted to be recognised with these awards, which reflect our mission to create a secure trading environment and build strong, rewarding partnerships,” said Jack Li, Ultima Markets’ Regional Business Director.

About Ultima Markets

Ultima Markets is a fully licensed, fast-growing broker offering access to 250+ financial instruments. With a team of 2,000+ professionals in 15 global offices, we serve clients in 172 countries. Check out more about our awards on Facebook, X, Instagram, LinkedIn and YouTube.

 

 

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SOURCE Ultima Markets

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