SAN FRANCISCO, October 18, 2016 /PRNewswire/ --
The global distributed natural gas-fueled generation market is expected to reach USD 32.21 Billion by 2024, according to a new report by Grand View Research, Inc. Increasing government initiatives to promote the use of natural gas as a generator fuel especially in emerging markets of China, and India is expected to boost the global market. In addition, various benefits offered by DNGG, such as low carbon emissions, increasing natural gas usage, and other operational benefits, are expected to steer the market growth over the forecast period.
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There are huge investments in the power sector to develop the distributed generation technologies by emerging companies. At the same time, they are in need of high technologies, which will act as a substitute for current methods like diesel or coal generation.
The companies R&D facilities of hydrogen and fuel cell focuses on integrating, developing, and demonstrating hydrogen storage, delivery and production and also on using fuel cell technologies for stationary, transportation, and portable applications to differentiate their product from their competitor.
Browse full research report with TOC on "Distributed Natural Gas-Fueled Generation Market Analysis By Technology (Natural Gas Gensets, Stationary Fuel Cells, Micro Turbines), By End-Use (Residential, Building & Institutional, Commercial & Industrial) And Segment Forecast To 2024" at: http://www.grandviewresearch.com/industry-analysis/distributed-natural-gas-fueled-generation-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the natural gas-fueled generation market on the basis of technology, end-use and region:
Access research Insight: http://www.grandviewresearch.com/research-insights/distributed-natural-gas-fueled-generation-perfect-reliable-source-of-energy
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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