The substantial factors contributing to the market growth are the increasing trend of renewable distributed power generation, specifically distributed solar PV installation, because of declining costs of renewable generation of power and system and the favorable government policies worldwide. Further, the investment in the installation of smart grids that provide clean, reliable, inexpensive, and flexible electrical power is also expected to escalate the demand for distributed generation of energy. However, the high initial costs incurred in the equipment are hampering the market growth. The Distributed Generation Market is anticipated to grow at the rate of 14.6% CAGR by 2026. Distributed generation refers to the small-scale energy generation units where renewable resources such as wind, solar, and others are used for electricity generation to provide electricity in the power breakdown. Initially, the distributed generation market begins with producing basic elements of distributed power technologies, including engines, turbines, solar panels, combustion chambers, and catalyst layers that are further distributed among various end-users.
Distributed Generation Market based on Technology
• Combined Heat and Power (CHP)
• Reciprocating Engines
• Fuel Cells
• Solar PV Cells
• Gas & Steam Turbines
• Wind Turbines
Distributed Generation Market based on Application
• Residential
• Commercial
• Industrial
Distributed Generation Market based on Geography
• North America
• Europe
• Asia Pacific
• Rest of World
The distributed generation market by technology is segregated into Combined Heat and Power (CHP), Reciprocating Engines, Fuel Cells, Solar PV Cells, Gas & Steam Turbines, and Wind Turbines. Among which the solar PV cells segment is holding the maximum share of the market. In this technology, the PV modules made from semiconductor materials are exposed to solar beams, subsequently producing an electrical current. The maximum share is due to the cost reduction in the equipment and various government initiatives in installing solar PV cells. Moreover, the greenhouse gas emission regulations are projected to majorly boost the adoption of solar PV cell technology for energy generation over the forecasted period.
According to the distributed generation application, the market is divided into residential, commercial, and industrial. The distributed generation is significantly applicable in the commercial sector. This is due to the rising number of commercial spaces such as hospitals, shopping complexes, airports, and office buildings. Since these commercial spaces cannot sustain the loss of power due to flaws in transmission and distribution networks, the commercial spaces are witnessing major growth in the adoption of distributed power generation. Further, the usage of distributed generation also facilitates minimizing transmission and distribution losses.
The regional market of distributed generation is divided into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific region is the major contributor to market growth. This is due to the growing population and the rapid urbanization in countries, which is the major aspect of market growth. Particularly in China, the product demand is primarily catered by the urban cities of the countries. Intensifying disposable income levels in the country are also projected to drive the market in this region.
Furthermore, the stringent government rules concerning global environment conservation and the rising trend towards clean energy will augment the global distributed generation market. The continuous technological developments across the sustainable energy industry and the advanced photovoltaic modules, wind turbines, and energy storage systems will positively impact the market growth dynamics.
The distributed generation market report is providing with a few notable companies of the market such as Vestas Wind Systems A/S, Rolls-Royce plc., Doosan Heavy Industries & Construction, Capstone Turbine Corp., Suzlon Energy Ltd., Caterpillar, Ballard Power Systems Inc., General Electric, Schneider Electric, Siemens, ENERCON GmbH and Sharp Corp.
As a result, the distributed generation has been considered cost-efficient technologies used to generate energy and has a wide scope in the future. It is reliable, efficient and, provides high flexibility, and pliable to the extreme changes in the economic environment.
• This report defines, describes, and forecasts the market by technology, application, and geography.
• This report offers complete details about the key factors influencing the growth of the market.
• The report strategically analyzes the market in terms of individual growth trends, prospects, and the contribution of each segment to the market
• This report tracks and analyzes the competitive developments in the market such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations.
Table of Contents
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Technology: Market Size & Analysis
5.1. Overview
5.2. Combined Heat and Power (CHP)
5.3. Reciprocating Engines
5.4. Fuel Cells
5.5. Solar PV Cells
5.6. Gas & Steam Turbines
5.7. Wind Turbines
6. Application: Market Size & Analysis
6.1. Overview
6.2. Residential
6.3. Commercial
6.4. Industrial
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. Vestas Wind Systems A/S
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product Offerings
9.1.4. Developments
9.1.5. Business Strategy
9.2. Rolls-Royce plc.
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product Offerings
9.2.4. Developments
9.2.5. Business Strategy
9.3. Doosan Heavy Industries & Construction
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product Offerings
9.3.4. Developments
9.3.5. Business Strategy
9.4. Capstone Turbine Corp.
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product Offerings
9.4.4. Developments
9.4.5. Business Strategy
9.5. Suzlon Energy Ltd.
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product Offerings
9.5.4. Developments
9.5.5. Business Strategy
9.6. Caterpillar
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product Offerings
9.6.4. Developments
9.6.5. Business Strategy
9.7. Ballard Power Systems Inc.
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product Offerings
9.7.4. Developments
9.7.5. Business Strategy
9.8. General Electric
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product Offerings
9.8.4. Developments
9.8.5. Business Strategy
9.9. Schneider Electric
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product Offerings
9.9.4. Developments
9.9.5. Business Strategy
9.10. Siemens
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product Offerings
9.10.4. Developments
9.10.5. Business Strategy
10. Companies to Watch
10.1. ENERCON GmbH
10.1.1. Overview
10.1.2. Products & Services
10.1.3. Business Strategy
10.2. Sharp Corp
10.2.1. Overview
10.2.2. Products & Services
10.2.3. Business Strategy
11. Analyst Opinion
12. Annexure
12.1. Report Scope
12.2. Market Definitions
12.3. Research Methodology
12.3.1. Data Collation and In-house Estimation
12.3.2. Market Triangulation
12.3.3. Forecasting
12.4. Report Assumptions
12.5. Declarations
12.6. Stakeholders
12.7. Abbreviations

Related reports

Distributed Generation Market Size, Share, Growth, Forecast and Trends

View Report

Distributed Fibre Optic Sensing Market Size, Share, Growth, Forecast 2020 - 2026

View Report

Global Distributed Fibre Optic Sensor Market Report 2020 - Market Size, Share, Price, Trend and Forecast

View Report