Overview and Scope
Distributed generation refers to a set of activities conducted for the development and sales of small generated energy used to provide electricity during power outages, including those that occur after severe storms and during high energy demand days.
Sizing and Forecast
The distributed generation market size has grown rapidly in recent years. It will grow from $94.62 billion in 2023 to $107.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to energy independence, environmental concerns, government incentives, grid resilience.
The distributed generation market size is expected to see rapid growth in the next few years. It will grow to $173.25 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to decentralization trend, renewable energy integration, energy storage advances, electric vehicles (evs). Major trends in the forecast period include digitalization and iot, technological advancements, rise of microgrids, hybrid systems integration, edge computing and ai, energy as a service (eaas), flexibility and scalability.
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Segmentation & Regional Insights
The distributed generation market covered in this report is segmented –
1) By Technology: Fuel Cells, Micro-Turbines, Wind Turbines, Combustion Turbines, Micro-hydropower, Reciprocating Engines, Solar PV, Other Technologies,
2) By Application: On-Grid, Off-Grid
3) By End User: Commercial, Industrial, Residential
Asia-Pacific was the largest region in the distributed generation market in 2023. North America is expected to be the fastest-growing region in the distributed generation market share during the forecast period. The regions covered in the distributed generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing electricity consumption is expected to propel the growth of the distributed generation market going forward. Electricity consumption refers to the amount of electrical energy consumed over a specific time, in units of Wh (or kWh). Distributed generation transmits electricity for use on-site using a variety of technologies for electricity generation, as a result, increasing electricity consumption increases the demand for distributed generation. For instance, in 2021, according to the U.S. Energy Information Administration (EIA), a US-based principal agency of the federal statistical system, around 3.93 trillion kilowatt-hours (kWh) of electricity was consumed in the United States, which was 13 times greater than the electricity consumed in 1950. Therefore, increasing electricity consumption is expected to boost demand for distributed generation systems during the forecast period.
Key Industry Players
Major companies operating in the distributed generation market report are Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Caterpillar Energy Solutions GmbH, ASEA Brown Boveri Ltd., AES Corporation, Ameresco Inc., Ansaldo Energia S. p. A., Ballard Power Systems Inc., Bloom Energy Corporation, Capstone Turbine Corporation, Ceres Power Holdings plc, Clearway Energy Inc., Cummins Inc., Doosan Fuel Cell America Inc., E. ON SE, Enel Green Power S. p. A., FuelCell Energy Inc., Hitachi Ltd., Hydrogenics Corporation, Iberdrola S. A., Invenergy LLC, Johnson Controls International plc, SMA Solar Technology AG, SolarEdge Technologies Inc., Sonnen GmbH, SunPower Corporation, Tesla Inc., Linde plc, Toshiba Corporation, TotalEnergies SE
The distributed generation market report table of contents includes:
1. Executive Summary
2. Distributed Generation Market Characteristics
3.Distributed Generation Market Trends And Strategies
4.Distributed Generation Impact Of COVID-19
5. Distributed Generation Market Size And Growth
6. Distributed Generation Segmentation
7. Distributed Generation Regional And Country Analysis
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27. Distributed Generation Competitive Landscape And Company Profiles
28. Distributed Generation Key Mergers And Acquisitions
29.Distributed Generation Future Outlook and Potential Analysis
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The new Distributed Generation Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the distributed generation market includes AnsaldoEnergia, Ballard Power Systems, Bloom Energy, Capstone Turbine, General Electric Energy LLC, Ingersoll-Rand plc, JA Solar Holdings Co. Ltd., Sharp Corporation, Siemens AG, Suntech Power Holdings Co. Ltd. and Yingli Green Energy.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Distributed Generation Market Research Report" by requesting FREE Sample Copy at:https://www.valuemarketresearch.com/contact/distributed-generation-market/download-sampleMarket DynamicsRising investment for development of renewable energy infrastructure is driving the market growth.
Governmental initiates to promote solar power and rising adoption of clean energy are again boosting the market demand.
Implementation of new technologies to generate electricity such as solar photovoltaic cells, underground thermal energy storage, and winds turbines are attracting investment from government.
Also, low transmission losses is one of the major benefits fuelling the expansion of distributed generation market.Registering the on-going trend, the distributed generation market is expected to rise at a CAGR of 8.2% between years 2017 and 2025.
The distributed generation market will reach at a value of US$35.56 bn by the end of 2025.Constant demand for clean energy from renewable sources is bolstering funding toward development of infrastructure for generation of clean energy.
This has come out as one of the important factors contributing to the expansion of distributed generation market in the coming years.The demand for electricity in both developed and developing countries for residential and industrial purposes is increasing on daily basis.
On the other hand, governments are increasing cost as well as implementing policies to restrict the use of energy produced from fossil fuels.
This, in turn, is enhancing the growth of distributed Request for Discount on This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D_id=40586Utilization of Surrounding Renewable Energy Source to Make Homes Energy IndependentStatistically, 1 billion people across the globe have no access to energy due to absence of proper grid infrastructure.
