Distributed Generation Market Share Analysis Report, 2023-2032
The global distributed generation market size was exhibited at USD 263.81 billion in 2022 and is projected to hit around USD 790.56 billion by 2032, growing at a CAGR of 11.6% during the forecast period of 2023–2032.
Key Pointers:
Distributed Generation Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 294.41 Billion |
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Market Size by 2032 |
USD 790.56 Billion |
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Growth Rate from 2023 to 2032 |
CAGR of 11.6% |
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Base year |
2022 |
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Forecast period |
2023 to 2032 |
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Segments covered |
Technology, End User, Application, Region |
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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 |
Siemens, General Electric, Mitsubishi, Schneider, Caterpillar Power Plants, Doosan Fuel Cell America, Vestas Wind Systems A/S, Rolls-Royce Power Systems AG, Toyota Turbine and Systems Inc., Capstone Turbine Corporation |
Growing demand for clean energy generation to boost the market growth
The distributed generation market is projected to grow at a high rate during the forecast period, mainly due to the growing demand for clean energy generation and renewable sources of energy. Governments around the world have developed attractive incentives, rewarding the use of renewable sources of energy, which further drives growth.
Governments all around the world have devised enticing incentives to encourage the adoption of renewable energy sources, hence accelerating growth. The market is growing as people become more aware of clean energy resources. The industry is being driven by the rising demand for distributed generation due to environmental benefits and the lower cost compared to traditional energy generation.
One or more power stations are situated close to the load in decentralized generating, which is a decentralized and relatively flexible technology. Each power station has a capacity of around 10 megawatts, and these systems can include numerous generation and storage locations. Distributed generation is made up of a variety of energy sources, most of which are renewable. Solar, wind, fuel cells, hydro, biogas, biomass, and geothermal power are all examples of renewable energy sources. Decentralized generating can assist in delivering reliable and clean energy to users while decreasing transmission losses. The centralized system currently dominates the electricity distribution system. However, it is expected that there would be significant growth, owing primarily to developed economies.
Technology Insights
Based on the technology, the fuel cell segment dominated the global distributed generation market, garnering a market share of over 37.8% in 2022. The increased adoption of the fuel cells in the distributed generation system owing to various benefits such as high efficiency, lower emissions, and capability of converting chemical energy into electrical energy has fostered the growth of this segment. The fuel cells provide 60% higher efficiencies, which is a major driver of the fuel cell segment.
The solar PV segment is expected to be the fastest-growing segment during the forecast period. The government subsidies for the adoption of solar energy and declining costs of the solar equipment over the past few years has increased the demand for the solar PV distributed generation market. Moreover, the rising government and corporate efforts to reduce carbon footprint and achieve sustainability in the long term, majority of the industries are shifting towards the adoption of solar sources of energy.
End User Insights
The commercial & industrial segment garnered a market share of around 72.19% and dominated the global distributed generation market in 2022. This is attributed to the increased government initiatives to promote the adoption of the renewable energy sources across the commercial and industrial sectors in the form of subsidies and incentives. Moreover, the reducing equipment costs and increased demand for the uninterrupted power supply has fostered the growth of this segment. Moreover, the increased efforts of the government to industrialize and urbanize the rural regions are supporting the growth of the commercial & industrial segment and hence this segment is expected to dominate throughout the forecast period.
On the other hand, the residential segment is estimated to be the most opportunistic segment during the forecast period. The rising number of big residential complexes and rapid urbanization of the rural regions are the most prominent factors that drive the growth of the residential segment. The increasing adoption of the distributed generation systems for heating, ventilation, cooling, and cooking applications is expected to spur the demand in the residential segment.
Region Insights
Asia Pacific dominated the global distributed generation market, garnering a market share of over 47.9% in 2022. This is simply attributed to the increased adoption of renewable energy sources, rising investments in the industrialization and urbanization, rapidly growing infrastructural developments, and increasing government initiatives to encourage the deployment of renewable and green & clean energy sources. Moreover, with the growing industrialization, the demand for the efficient and uninterrupted power supply is growing significantly, which is fueling the growth of the distributed generation market in Asia Pacific.
North America is estimated to witness a significant growth rate during the forecast period. The huge demand for the wind energy in North America and rapidly growing demand for the solar energy across the commercial and industrial units is expected to fuel the demand for the distributed generation technologies.
The European countries such as Germany and Italy have huge demand for the wind and solar energy. This is attributed to the strict government norms regarding the use of renewable energy. The fuel cells are witnessing huge demand in overall Europe owing to its higher energy efficiency. The increased awareness regarding the climate change and negative effects of carbon emission has resulted in the huge demand for the clean and green energy in Europe. The government has strict regulations regarding the industrial and commercial use of energy pertaining to the renewable sources, which has fueled the growth of the distributed generation market in Europe.
Some of the prominent players in the Distributed 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 Generation market.
By Technology
By End User
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and End User Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Distributed Generation Market
5.1. COVID-19 Landscape: Distributed Generation Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Distributed Generation Market, By Technology
8.1. Distributed Generation Market, by Technology Type, 2023-2032
8.1.1. Fuel Cells
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Micro-Turbines
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Wind Turbines
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Combustion Turbines
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Micro-hydropower
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Reciprocating Engines
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Solar PV
8.1.7.1. Market Revenue and Forecast (2020-2032)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Distributed Generation Market, By Application
9.1. Distributed Generation Market, by Application, 2023-2032
9.1.1. On-Grid
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Off-Grid
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Distributed Generation Market, By End User
10.1. Distributed Generation Market, by End User, 2023-2032
10.1.1. Commercial
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Industrial
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Residential
10.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Distributed Generation Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by End User (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End User (2020-2032)
Chapter 12. Company Profiles
12.1. Siemens
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. General Electric
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mitsubishi
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Schneider
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Caterpillar Power Plants
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Doosan Fuel Cell America
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Vestas Wind Systems A/S
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Rolls-Royce Power Systems AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Toyota Turbine and Systems Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Capstone Turbine Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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