by According to a research report “Distributed Generation Market (By Technology: Wind, Solar PV, Micro Turbines, Gas Turbines, Reciprocating Engines, and Fuel Cells; By End User: Commercial & Industrial and Residential) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030″ published by Precedence Research.
The distributed generation market size is projected to touch USD 293.44 billion in 2022 and is forecasted to reach USD 703 billion by 2030; it is expected to grow at a CAGR of 11.5 % from 2021 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2021 is considered as the base year.
The growing demand for the electric energy, rapid industrialization & urbanization of developing regions, increasing focus towards green energy, growing government initiatives to reduce carbon emissions, and rising need for uninterrupted power supply across the industrial and commercial sectors are some of the most prominent factors that drives the growth of the global distributed generation market. The rising number of infrastructural development projects and real estate projects are expected to increase the demand for the distributed generation systems.
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The demand for the distributed generation system is growing because it is cheaper, more efficient, and cost-effective as compared to the traditional systems. The rising pollution levels have resulted in the climate change and various chronic diseases. This is a major reason that encourages the adoption of the clean and renewable sources of energy. The government authorities are offering incentives and subsidies to the industrial and commercial sector participants to adopt the distributed generation technology, which is expected to have a positive and significant effect of the growth of the global distribute generation market.
Table of Contents
Scope of the Distributed Generation Market
| Report Coverage | Details |
| Market Size | USD 703 Billion by 2030 |
| Growth Rate | CAGR of 11.5% from 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Technology, End User, Application, Region |
Market Dynamics
Driver
Rising demand for the clean and green energy
The globe is expected to foresee an increased demand in the upcoming future owing to the increased industrialization and urbanization across the globe. The demand for the efficient and uninterrupted power supply across the industrial and commercial spaces is growing at an exponential pace. Furthermore, the rising concerns regarding the deteriorating environmental concerns due to the carbon emissions has forced the government to implement strict laws regarding the adoption of green and clean energy. This is encouraging the various industrial, commercial, and residential sectors to adopt the distributed generation technologies.
Restraint
High costs associated with the distributed generation
The small and medium sector enterprises have financial limitations that restricts them to adopt the advanced and expensive distributed generation systems. The low financial capabilities of the SMEs may hamper the market growth during the forecast period.
Opportunity
New and affordable products introduced by the players
The rising investments in the research and development of the new and innovative distributed generation systems by the top market players is expected to boost the demand for the distributed generation technologies. For instance, in June 2019, Ameresco completed its project named 10MW Distributed Energy Security that involved a cost of US$91 million. This system has the capability to withstand seismic and storm conditions.
Challenge
Regular maintenance and troubleshooting
The adoption of the distributed generation may offer huge advantages but there is a cost associated with the maintenance of the systems. The lack of proper and regular maintenance may result in improper functioning of the distributed generation.
Report Highlights
- Based on the technology, the solar PV is estimated to be the most opportunistic segment. The declining costs of the solar equipment, its rising popularity, and rising government initiatives to encourage the adoption of the solar energy sources is expected to drive the demand for the solar PV segment during the forecast period. Moreover, the incentives and subsidies provided by the government are stimulating the commercial sector to adopt the green and renewable energy sources.
- The fuel cell segment accounted the market share of over 35% in 2020.
- Based on the end user, the commercial & industrial segment accounted for a market share of 70% in 2020 and dominated the global market. This is attributable to the increased adoption of the distributed generation owing to its increased affordability, higher efficiencies, and strict government regulations. This segment is expected to sustain its significance throughout the forecast period owing to the rapid industrialization in the underdeveloped and developing markets across the globe.
Regional Snapshot
Asia pacific dominated the global distributed generation market. Asia Pacific accounted for a market share of more than 45% in 2020. Asia Pacific is characterized by the increasing government expenditure towards the infrastructural development, rising initiatives to industrialize the region, rapid urbanization, and increasing number of real estate projects. These factors are driving the demand for the distributed generation market in Asia Pacific. Moreover, the government in the emerging nations like India and China are investing in the development of smart cities, which are expected to foster the adoption of the distributed generation systems.
North America is expected to growth at a significant rate during the forecast period. The increased government initiatives to shift towards the renewable energy sources to control the emission greenhouse gases is fueling the market growth. The demand for the wind energy is higher in North America and the solar PV is gaining rapid traction owing to its cheap availability. The government is offering incentives and subsidies to encourage the adoption of the distributed generation across the commercial and residential spaces.
Some of the prominent players in the global distributed generation market include:
- Siemens
- General Electric
- Mitsubishi
- Schneider
- Caterpillar Power Plants
- Doosan Fuel Cell America
- Vestas Wind Systems A/S
- Rolls-Royce Power Systems AG
- Toyota Turbine and Systems Inc.
- Capstone Turbine Corporation
Segments Covered in the Report
By Technology
- Fuel Cells
- Micro-Turbines
- Wind Turbines
- Combustion Turbines
- Micro-hydropower
- Reciprocating Engines
- Solar PV
- Others
By End User
- Commercial
- Industrial
- Residential
By Application
- On-Grid
- Off-Grid
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Why should you invest in this report?
If you are aiming to enter the global distributed generation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for distributed generation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and End User Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Distributed Generation Market
5.1. COVID-19 Landscape: Distributed Generation Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Distributed Generation Market, By Technology
8.1. Distributed Generation Market, by Technology Type, 2021-2030
8.1.1. Fuel Cells
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Micro-Turbines
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Wind Turbines
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Combustion Turbines
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Micro-hydropower
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Reciprocating Engines
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Solar PV
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Distributed Generation Market, By Application
9.1. Distributed Generation Market, by Application, 2021-2030
9.1.1. On-Grid
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Off-Grid
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Distributed Generation Market, By End User
10.1. Distributed Generation Market, by End User, 2021-2030
10.1.1. Commercial
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Industrial
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Residential
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Distributed Generation Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by End User (2019-2030)
Chapter 12. Company Profiles
12.1. Siemens
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. General Electric
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mitsubishi
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Schneider
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Caterpillar Power Plants
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Doosan Fuel Cell America
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Vestas Wind Systems A/S
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Rolls-Royce Power Systems AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Toyota Turbine and Systems Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Capstone Turbine Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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