Distributed Energy Generation Market Share Analysis Report, 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:
Distributed Energy Generation Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 341.07 Billion |
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Market Size by 2032 |
USD 1,338.92 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 16.41% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Technology, End Use |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
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 and Others. |
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:
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
By End Use Industry
By Region
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers