Global Distributed Energy Generation Market

Global Distributed Energy Generation Market Size, Share, Growth Analysis, By Technology(Solar photovoltaic systems, wind turbines), By Application(Residential, commercial) - Industry Forecast 2023-2030


Report ID: SQMIG10A2018 | Region: Global | Published Date: September, 2023 | Pages: 157 | Tables: 63 | Figures: 75

Global Distributed Energy Generation Market Insights

Distributed Energy Generation Market size was valued at USD 264 billion in 2022 and is poised to grow from USD 299.11 billion in 2023 to USD 716.87 billion by 2030, at a CAGR of 13.3 % during the forecast period (2023-2030).

The global distributed energy generation market is experiencing significant growth due to rising demand for sustainable and decentralized energy solutions.

The adoption of renewable energy sources, such as solar, wind, and biomass, is increasing as governments and businesses prioritize environmental concerns and energy security.

Technological advancements and supportive policies are facilitating the integration of distributed generation systems into existing grids, promoting energy independence and resilience.

Additionally, the increasing deployment of smart grid technologies and energy storage solutions is driving market expansion.

However, challenges like regulatory complexities and initial high costs remain, making continuous innovation and collaboration crucial for further market advancement.

US Distributed Energy Generation Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 264 billion

Largest Segment

commercial

Fastest Growth

commercial

Growth Rate

13.3% CAGR

Global Distributed Energy Generation Market by region
Country Share for Asia Pacific (%)
Global Distributed Energy Generation Market by Application
Global Distributed Energy Generation Market by Application

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Global Distributed Energy Generation Market Segmental Analysis

The global distributed energy generation market is segmented into technology, application, and region. Based on technology, the market is segmented into solar photovoltaic systems, wind turbines, and fuel cells. Based on application, the market is segmented into residential, commercial, and industrial sectors. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Distributed Energy Generation Market Analysis By Technology

The largest sector in distributed energy generation is likely to be solar photovoltaic systems. The rapid decline in solar PV module prices, along with supportive policies and incentives, has driven widespread adoption across the globe. Solar PV has demonstrated its potential to provide clean and renewable energy, particularly in regions with ample sunlight. Additionally, the distributed nature of solar PV allows for easy installation on rooftops and other available spaces, enabling individual consumers and businesses to generate their own electricity.

The fastest-growing sector in distributed energy generation is likely to be battery storage technology. As renewable energy sources like solar and wind become more prominent, the need for energy storage solutions becomes critical to address intermittent issues.

Distributed Energy Generation Market Analysis By Application

The largest sector in global distributed energy generation is likely to be the commercial sector. This is due to the significant energy demands of businesses and commercial establishments worldwide. As concerns about climate change and environmental sustainability grow, businesses are increasingly adopting distributed energy solutions to reduce their carbon footprint and save on energy costs. Commercial buildings with large rooftops have ample space for solar panel installations, making solar energy a popular choice for this sector.

The fastest-growing sector in global distributed energy generation is the residential sector. As renewable energy technologies become more accessible and affordable, homeowners are adopting distributed energy solutions at a rapid pace. Government incentives, favorable net metering policies, and increased awareness of environmental issues are driving the adoption of solar panels, wind turbines, and other small-scale renewable energy systems.

Global Distributed Energy Generation Market by Application, 2022 (%)

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Global Distributed Energy Generation Market Regional Insights

Global distributed energy generation exhibited significant regional disparities. In North America and Europe, the trend leaned towards increasing adoption due to supportive policies and investments in renewable technologies, like solar and wind. Asia witnessed a rapid surge in distributed energy projects, driven by China's ambitious renewable energy targets and India's growing interest. Meanwhile, Africa and some parts of Latin America faced challenges with limited infrastructure and financing barriers. Despite regional variations, the overall trajectory indicated a shift towards decentralized, cleaner energy solutions to meet growing demands and combat climate change.

Global Distributed Energy Generation Market by geography, 2023-2030
  • Largest
  • Fastest

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Global Distributed Energy Generation Market Dynamics

Distributed Energy Generation Market Drivers

Rise of Renewable Resources

  • One driver behind global distributed energy generation is the increasing demand for renewable and sustainable energy sources. As concerns over climate change and environmental impacts intensify, there is a growing awareness of the need to transition away from traditional fossil fuels. Distributed energy generation, which involves generating energy closer to the point of consumption, allows for a more efficient use of renewable resources like solar, wind, and hydro power. It empowers individuals, communities, and businesses to become active participants in the energy market and reduces reliance on centralized grids.

Distributed Energy Generation Market Restraints

Lack of Infrastructure

  • A significant restraint to widespread adoption of distributed energy generation is the existing infrastructure and regulatory challenges. Many traditional energy systems are designed for centralized power generation and distribution, making it difficult to integrate distributed sources seamlessly. Moreover, regulatory frameworks often favor large utilities and face obstacles in adapting to decentralized energy models. Overcoming these barriers requires collaboration among stakeholders, policy reforms, and investment in smart grid technologies to enable a more flexible and resilient energy landscape.

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Global Distributed Energy Generation Market Competitive Landscape

The global distributed energy generation competitive landscape is rapidly evolving, with numerous players vying for market share. Established energy giants such as Siemens, General Electric, and Schneider Electric continue to dominate the industry with their diverse product portfolios and extensive market reach. Meanwhile, innovative startups like Sunrun and Bloom Energy challenge the status quo with cutting-edge solar, wind, and fuel cell technologies. Additionally, tech giants like Google and Tesla have entered the fray with their clean energy initiatives. As renewable energy adoption grows, competition intensifies, fostering a dynamic market where innovation, scalability, and sustainability are crucial determinants of success.

Distributed Energy Generation Market Top Player’s Company Profiles

  • Siemens AG - Germany
  • Schneider Electric - France
  • General Electric (GE) - USA
  • ABB - Switzerland
  • Enphase Energy - USA
  • SMA Solar Technology AG - Germany
  • Vestas Wind Systems A/S - Denmark
  • SunPower Corporation - USA
  • Tesla Inc. - USA
  • E.ON SE - Germany
  • First Solar Inc. - USA
  • Trina Solar - China
  • Yingli Green Energy - China
  • Canadian Solar Inc. - Canada
  • JinkoSolar Holding Co. Ltd. - China
  • SolarEdge Technologies - Israel
  • Bloom Energy Corporation - USA
  • Ormat Technologies - USA
  • NextEra Energy, Inc. - USA
  • SolarCity (now part of Tesla) - USA

Distributed Energy Generation Market Recent Developments

  • In July 2021, Rolls-Royce stated that it will serve as the company's and the industry's employer brand. It also stated that the MTU brand would be strengthened as the only available product and solution brand. On a product-by-product basis, the 'MTU Onsite Energy' trademark for distributed power supply systems will be phased out and incorporated into the MTU brand.

Global Distributed Energy Generation Key Market Trends

  • Key market trends in global distributed energy generation include a growing shift towards renewable energy sources such as solar, wind, and biomass, driven by increasing concerns over climate change and sustainability. Energy storage technologies have seen significant advancements, allowing for efficient integration and management of distributed energy systems. Additionally, the rise of smart grid solutions and digital technologies is enhancing grid flexibility and optimizing energy distribution. Moreover, government incentives and policies encouraging decentralization and community-based energy projects are fostering the expansion of distributed energy generation worldwide.

Global Distributed Energy Generation Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the future prospects of global distributed energy generation are promising and transformative. As the world seeks sustainable solutions to combat climate change and ensure energy security, distributed energy generation is expected to play a pivotal role. By harnessing renewable sources like solar, wind, biomass, and geothermal power, distributed energy systems can provide clean and reliable electricity to communities, businesses, and households. The continued advancements in technology, energy storage, and smart grid infrastructure will enhance the efficiency and integration of these decentralized systems. Moreover, distributed energy generation fosters energy independence, resilience, and empowers local communities to actively participate in the energy transition. Governments, businesses, and consumers are increasingly embracing this model, driven by its environmental benefits and cost-effectiveness. Embracing and scaling up distributed energy generation will likely lead to a more sustainable, decentralized, and resilient energy landscape globally.

Report Metric Details
Market size value in 2022 USD 264 billion
Market size value in 2030 USD 716.87 billion
Growth Rate 13.3%
Base year 2022
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Solar photovoltaic systems, wind turbines, and fuel cells
  • Application
    • Residential, commercial, and industrial sectors
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Siemens AG - Germany
  • Schneider Electric - France
  • General Electric (GE) - USA
  • ABB - Switzerland
  • Enphase Energy - USA
  • SMA Solar Technology AG - Germany
  • Vestas Wind Systems A/S - Denmark
  • SunPower Corporation - USA
  • Tesla Inc. - USA
  • E.ON SE - Germany
  • First Solar Inc. - USA
  • Trina Solar - China
  • Yingli Green Energy - China
  • Canadian Solar Inc. - Canada
  • JinkoSolar Holding Co. Ltd. - China
  • SolarEdge Technologies - Israel
  • Bloom Energy Corporation - USA
  • Ormat Technologies - USA
  • NextEra Energy, Inc. - USA
  • SolarCity (now part of Tesla) - USA
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Distributed Energy Generation Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Distributed Energy Generation Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Distributed Energy Generation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Distributed Energy Generation Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Distributed Energy Generation Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Distributed Energy Generation Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Distributed Energy Generation Market size was valued at USD 264 billion in 2022 and is poised to grow from USD 299.11 billion in 2023 to USD 716.87 billion by 2030, at a CAGR of 13.3 % during the forecast period (2023-2030).

The global distributed energy generation competitive landscape is rapidly evolving, with numerous players vying for market share. Established energy giants such as Siemens, General Electric, and Schneider Electric continue to dominate the industry with their diverse product portfolios and extensive market reach. Meanwhile, innovative startups like Sunrun and Bloom Energy challenge the status quo with cutting-edge solar, wind, and fuel cell technologies. Additionally, tech giants like Google and Tesla have entered the fray with their clean energy initiatives. As renewable energy adoption grows, competition intensifies, fostering a dynamic market where innovation, scalability, and sustainability are crucial determinants of success. 'Siemens AG - Germany', 'Schneider Electric - France', 'General Electric (GE) - USA', 'ABB - Switzerland', 'Enphase Energy - USA', 'SMA Solar Technology AG - Germany', 'Vestas Wind Systems A/S - Denmark', 'SunPower Corporation - USA', 'Tesla Inc. - USA', 'E.ON SE - Germany', 'First Solar Inc. - USA', 'Trina Solar - China', 'Yingli Green Energy - China', 'Canadian Solar Inc. - Canada', 'JinkoSolar Holding Co. Ltd. - China', 'SolarEdge Technologies - Israel', 'Bloom Energy Corporation - USA', 'Ormat Technologies - USA', 'NextEra Energy, Inc. - USA', 'SolarCity (now part of Tesla) - USA'

One driver behind global distributed energy generation is the increasing demand for renewable and sustainable energy sources. As concerns over climate change and environmental impacts intensify, there is a growing awareness of the need to transition away from traditional fossil fuels. Distributed energy generation, which involves generating energy closer to the point of consumption, allows for a more efficient use of renewable resources like solar, wind, and hydro power. It empowers individuals, communities, and businesses to become active participants in the energy market and reduces reliance on centralized grids.

Key market trends in global distributed energy generation include a growing shift towards renewable energy sources such as solar, wind, and biomass, driven by increasing concerns over climate change and sustainability. Energy storage technologies have seen significant advancements, allowing for efficient integration and management of distributed energy systems. Additionally, the rise of smart grid solutions and digital technologies is enhancing grid flexibility and optimizing energy distribution. Moreover, government incentives and policies encouraging decentralization and community-based energy projects are fostering the expansion of distributed energy generation worldwide.

Global distributed energy generation exhibited significant regional disparities. In North America and Europe, the trend leaned towards increasing adoption due to supportive policies and investments in renewable technologies, like solar and wind. Asia witnessed a rapid surge in distributed energy projects, driven by China's ambitious renewable energy targets and India's growing interest. Meanwhile, Africa and some parts of Latin America faced challenges with limited infrastructure and financing barriers. Despite regional variations, the overall trajectory indicated a shift towards decentralized, cleaner energy solutions to meet growing demands and combat climate change.

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