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In 2022, the Distributed Generation Market Size was estimated to be worth USD 263.35 billion. According to projections, the market for distributed generation would increase from USD 312.2 billion in 2022 to USD 703.12 billion in 2030, with a compound annual growth rate (CAGR) of 12.68% over the forecast period (2023- 2030). The primary main factors fostering market expansion are the rising demand for clean energy generation.
Growing need for the production of clean energy will accelerate market expansion. The market for distributed generation is anticipated to expand quickly during the forecast period, largely as a result of the rising need for clean energy production and renewable energy sources. Governments all over the world have created enticing incentives to encourage the use of renewable energy sources, which furthers economic progress.
Governments all across the world have created alluring incentives to promote the use of renewable energy sources, thereby speeding up growth. As more individuals become aware of alternative energy options, the market is expanding. The sector is being propelled by the increased need for distributed generation because of the advantages it has for the environment and because it is less expensive than traditional energy production.
One or more power plants are located close to the load thanks to decentralised generating, a distributed technology that is moderately adaptive. Each power station has a capacity of about 10 megawatts, and these systems may have multiple locations for generation and storage. Distributed generation is made up of a variety of energy sources, the majority of which are renewable. Solar, wind, fuel cells, hydropower, biogas, biomass, and geothermal energy are examples of renewable energy sources. Users can receive steady, clean energy while paying less for transmission losses thanks to decentralised energy production. The centralised system now controls the electrical distribution system. However, a significant rise is projected, in part because of industrialised economies. In order to find and gather data for a technical, market-focused, and commercial analysis of the industry, researchers used a variety of secondary sources, directories, and databases, including Hoover's, Bloomberg Businessweek, Factiva, and OneSource. Industry experts from the primary and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organisations of businesses, and associations with all the segments of this industry's value chain are the primary sources for this report. The research technique is explained in the points below.
Residential, commercial, and industrial end users are included in the Distributed Generation market segmentation based on end users. Commercial was the market's largest category in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030. This is a result of increased government efforts, including incentives and subsidies, to encourage the use of renewable energy sources in the commercial and industrial sectors. Moreover, the expansion of this market has been aided by the declining cost of equipment and rising demand for reliable power supply. Additionally, the government's enhanced attempts to industrialise and urbanise rural areas are helping the segment's growth, and as a result, this segment is anticipated to dominate throughout the duration of the projection period. All of these Distributed Generation elements have a beneficial effect on market expansion.
Report Coverage
Global Distributed Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Distributed Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Distributed Generation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Distributed Generation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Distributed Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Distributed Generation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric Company, Ansaldo Energia, Bloom Energy, Schneider Electric SE, Caterpillar Inc., Siemens AG, Mitsubishi Heavy Industries Ltd, Fuel Cell Energy Inc, Cummins Inc, Bergey Windpower
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Distributed Generation market based on the below-mentioned segments:
Global Distributed Generation Market, By Technology
Geothermal
Solar
Wind
Biogas
Fuel Cells
Others
Global Distributed Generation market, By Application
On-Grid
Off-Grid
Global Distributed Generation Market, By End User
Residential
Industrial
Commercial
Global Distributed Generation market, Regional Analysis
Growing need for the production of clean energy will accelerate market expansion. The market for distributed generation is anticipated to expand quickly during the forecast period, largely as a result of the rising need for clean energy production and renewable energy sources. Governments all over the world have created enticing incentives to encourage the use of renewable energy sources, which furthers economic progress.
Governments all across the world have created alluring incentives to promote the use of renewable energy sources, thereby speeding up growth. As more individuals become aware of alternative energy options, the market is expanding. The sector is being propelled by the increased need for distributed generation because of the advantages it has for the environment and because it is less expensive than traditional energy production.
One or more power plants are located close to the load thanks to decentralised generating, a distributed technology that is moderately adaptive. Each power station has a capacity of about 10 megawatts, and these systems may have multiple locations for generation and storage. Distributed generation is made up of a variety of energy sources, the majority of which are renewable. Solar, wind, fuel cells, hydropower, biogas, biomass, and geothermal energy are examples of renewable energy sources. Users can receive steady, clean energy while paying less for transmission losses thanks to decentralised energy production. The centralised system now controls the electrical distribution system. However, a significant rise is projected, in part because of industrialised economies. In order to find and gather data for a technical, market-focused, and commercial analysis of the industry, researchers used a variety of secondary sources, directories, and databases, including Hoover's, Bloomberg Businessweek, Factiva, and OneSource. Industry experts from the primary and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organisations of businesses, and associations with all the segments of this industry's value chain are the primary sources for this report. The research technique is explained in the points below.
Residential, commercial, and industrial end users are included in the Distributed Generation market segmentation based on end users. Commercial was the market's largest category in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030. This is a result of increased government efforts, including incentives and subsidies, to encourage the use of renewable energy sources in the commercial and industrial sectors. Moreover, the expansion of this market has been aided by the declining cost of equipment and rising demand for reliable power supply. Additionally, the government's enhanced attempts to industrialise and urbanise rural areas are helping the segment's growth, and as a result, this segment is anticipated to dominate throughout the duration of the projection period. All of these Distributed Generation elements have a beneficial effect on market expansion.
Report Coverage
Global Distributed Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Distributed Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Distributed Generation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Distributed Generation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | General Electric Company, Ansaldo Energia, Bloom Energy, Schneider Electric SE, Caterpillar Inc., Siemens AG, Mitsubishi Heavy Industries Ltd, Fuel Cell Energy Inc, Cummins Inc, Bergey Windpower |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Distributed Generation Market from 2021 to 2030.
- Market Forecast for Distributed Generation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Distributed Generation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Distributed Generation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Distributed Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Distributed Generation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric Company, Ansaldo Energia, Bloom Energy, Schneider Electric SE, Caterpillar Inc., Siemens AG, Mitsubishi Heavy Industries Ltd, Fuel Cell Energy Inc, Cummins Inc, Bergey Windpower
Primary Target Market
- Market Players of Distributed Generation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Distributed Generation market based on the below-mentioned segments:
Global Distributed Generation Market, By Technology
Geothermal
Solar
Wind
Biogas
Fuel Cells
Others
Global Distributed Generation market, By Application
On-Grid
Off-Grid
Global Distributed Generation Market, By End User
Residential
Industrial
Commercial
Global Distributed Generation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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