Distributed Energy Generation Market (By Technology: Micro-Turbines, Combustion Turbines, Micro-Hydropower, Reciprocating Engines, Fuel Cells, Wind Turbines, Solar PV; By End Use Industry: Residential, Commercial, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global distributed energy generation market size was exhibited at USD 292.99 billion in 2022 and is projected to hit around USD 1,338.92 billion by 2032, growing at a CAGR of 16.41% during the forecast period 2023 to 2032.

Key Pointers:

• By technology, the fuel cells segment dominated the market in 2022, in terms of revenue.
• By technology, the solar PV segment is projected to be the most opportunistic segment from 2023 to 2032.
• By end use, the commercial segment dominated the market in 2022, in terms of revenue.
• By end use, the industrial segment is projected to be the most opportunistic segment from 2023 to 2032.
• By geography, the North America segment dominated the market in 2022, in terms of revenue.
• The Asia-Pacific is estimated to be the most opportunistic segment from 2023 to 2032.

Distributed Energy Generation Market Report Scope

Solar panels, wind turbines and combustion engines are examples of distributed generation technologies that generate electricity at or near the point of usage. Distributed generation can power a single structure, such as a home or company, or it can be part of a micro grid, such as at a big industrial complex, military base, or college campus. Distributed generating can help support the delivery of clean, reliable power to more consumers and reduce electricity losses along transmission and distribution lines when connected to the electric utility's lower voltage distribution lines.

Increase in government policies and greenhouse gas (GHG) emission reduction targets, drive the growth of the distributed energy generation market during the forecast period. Several states and municipal governments are advancing laws to encourage increased deployment of renewable technologies due to the benefits of renewable technology, such as energy security, resiliency, and carbon reductions. Furthermore, increase in R&D initiatives for the development of new technologies are also expected to propel the market growth. Moreover, DEG systems are less expensive than traditional power production techniques. As a result, the need for a clean source of energy, along with the products low cost, is expected to have a favorable impact on market growth throughout the forecasted period. These are some of the distributed energy generation market trends observed globally.

The distributed energy generation market is segmented on the basis of technology, end-use industry, and region. By technology, the market is classified into micro-turbines, combustion turbines, micro-hydropower, reciprocating engines, fuel cells, wind turbines, solar PV and others. By end-use industry, the market is classified into residential, commercial and industrial. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe.

Some of the prominent players in the Distributed Energy Generation Market include:

• Doosan Heavy Industries & Construction
• Toyota Turbine and Systems Inc.
• Ballard Power Systems Inc.
• Mitsubishi Electric Corp. 
• Suzlon Energy Ltd.
• Vestas Wind Systems A/S
• Rolls-Royce Plc
• Capstone Turbine Corp.
• Sharp Corp.
• General Electric

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Distributed Energy Generation market.

By Technology

• Micro-Turbines
• Combustion Turbines
• Micro-Hydropower
• Reciprocating Engines
• Fuel Cells
• Wind Turbines
• Solar PV

By End Use Industry

• Residential
• Commercial
• Industrial

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)