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Global Distributed Energy Generation Market Size, Share, Growth, Price, Trends, Forecast: By Technology: Wind Turbine, Solar Photovoltaic, Reciprocating Engines, Fuel Cells, Gas and Steam Turbine, By Application: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Global Distributed Energy Generation Market Outlook
The global distributed energy generation market attained a value of nearly USD 101.93 billion in 2022. The market is projected to grow at a CAGR of 5.60% between 2023 and 2028 to reach a value of around USD 139.88 billion by 2028.
Key Trends in the Market
Distributed energy generation refers to a process of fixing and facilitating the operation of small-scale power generating units. It is generally connected at substations on distribution feeders or at the load level of end users.
- The global increase in demand for energy, owing to the robust economic growth of developing nations and rapid industrialisation and urbanisation, is fuelling the distributed energy generation market growth.
- Favourable initiatives of multiple governments aimed at encouraging the use of renewable and cost-effective sources of energy generation are bolstering the installation of distributed energy generation units across various end-use sectors, including commercial and residential.
- The increasing application of solar photovoltaic panels and small wind turbines across the residential sector is a key market driver. Over the forecast period, the anticipated increase in population, the rising trend of self-sufficient homes, and surging standards of living are expected to aid the distributed energy generation market.
Market Analysis
Based on technology, the market is segmented into wind turbine, solar photovoltaic, reciprocating engines, fuel cells, and gas and steam turbine. On the basis of application, the market is classified into residential, commercial, and industrial. The major regional markets for distributed energy generation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global distributed energy generation market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Siemens AG
- Vestas Wind Systems A/S
- Caterpillar, Inc
- Capstone Green Energy Corporation
- Doosan Enerbility Co., Ltd
- Rolls-Royce Plc
- The General Electric Company
- Mitsubishi Heavy Industries, Ltd
- Schneider Electric SE
- First Solar, Inc
- Others
Market Share by Technology
Fuel cells account for a significant share of the distributed energy generation market. Fuel cell-based distributed energy generation system offers superior technical advantages such as modularity, excellent partial load characteristics, dynamic response, and high levels of heat generation, which make them ideal for industrial heating and cooling applications.
Moreover, fuel cell technology is also considered a source of clean and efficient power, which is another key driving factor of this segment.
Market Share by Application
The industrial sector holds a considerable share of the distributed energy generation market. The low cost of installation, along with its rising accessibility, is surging the demand for distributed energy generation units across various industries.
Additionally, the increasing adoption of renewable methods of energy generation, across the industrial sector to boost profitability and enhance sustainability is expected to aid the segment’s growth in the forecast period.
Competitive Landscape
Siemens AG is a multinational automation company which is known to be an early developer of products and solutions for using renewable energy sources. It was founded in 1847 and is headquartered in Munich, Germany.
Vestas Wind Systems A/S is a leading manufacturer, seller, and servicer of wind turbines. The company also offers services to onshore and offshore power converters. It was established in 1945 and is headquartered in Aarhus, Denmark.
Caterpillar, Inc is one of the world's largest manufacturers of construction and mining equipment, which also provides sustainable power generation solutions. It was founded in 1925 and is headquartered in Texas, the United States.
Other market players include Capstone Green Energy Corporation, Doosan Enerbility Co., Ltd, Rolls-Royce Plc, The General Electric Company, Mitsubishi Heavy Industries, Ltd, Schneider Electric SE, and First Solar, Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Distributed Energy Generation Market Analysis
8.1 Key Industry Highlights
8.2 Global Distributed Energy Generation Historical Market (2018-2022)
8.3 Global Distributed Energy Generation Market Forecast (2023-2028)
8.4 Global Distributed Energy Generation Market by Technology
8.4.1 Wind Turbine
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Solar Photovoltaic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Reciprocating Engines
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Fuel Cells
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Gas and Steam Turbine
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.5 Global Distributed Energy Generation Market by Application
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Industrial
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Distributed Energy Generation Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Distributed Energy Generation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Distributed Energy Generation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Distributed Energy Generation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Distributed Energy Generation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Distributed Energy Generation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Siemens AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Vestas Wind Systems A/S
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Caterpillar, Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Capstone Green Energy Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Doosan Enerbility Co., Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Rolls-Royce Plc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The General Electric Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Mitsubishi Heavy Industries, Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Schneider Electric SE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 First Solar, Inc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Distributed Energy Generation Market: Key Industry Highlights, 2018 and 2028
2. Global Distributed Energy Generation Historical Market: Breakup by Technology (USD BillionBillion), 2018-2022
3. Global Distributed Energy Generation Market Forecast: Breakup by Technology (USD BillionBillion), 2023-2028
4. Global Distributed Energy Generation Historical Market: Breakup by Application (USD BillionBillion), 2018-2022
5. Global Distributed Energy Generation Market Forecast: Breakup by Application (USD BillionBillion), 2023-2028
6. Global Distributed Energy Generation Historical Market: Breakup by Region (USD BillionBillion), 2018-2022
7. Global Distributed Energy Generation Market Forecast: Breakup by Region (USD BillionBillion), 2023-2028
8. North America Distributed Energy Generation Historical Market: Breakup by Country (USD BillionBillion), 2018-2022
9. North America Distributed Energy Generation Market Forecast: Breakup by Country (USD BillionBillion), 2023-2028
10. Europe Distributed Energy Generation Historical Market: Breakup by Country (USD BillionBillion), 2018-2022
11. Europe Distributed Energy Generation Market Forecast: Breakup by Country (USD BillionBillion), 2023-2028
12. Asia Pacific Distributed Energy Generation Historical Market: Breakup by Country (USD BillionBillion), 2018-2022
13. Asia Pacific Distributed Energy Generation Market Forecast: Breakup by Country (USD BillionBillion), 2023-2028
14. Latin America Distributed Energy Generation Historical Market: Breakup by Country (USD BillionBillion), 2018-2022
15. Latin America Distributed Energy Generation Market Forecast: Breakup by Country (USD BillionBillion), 2023-2028
16. Middle East and Africa Distributed Energy Generation Historical Market: Breakup by Country (USD BillionBillion), 2018-2022
17. Middle East and Africa Distributed Energy Generation Market Forecast: Breakup by Country (USD BillionBillion), 2023-2028
18. Global Distributed Energy Generation Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 101.93 billion in 2022.
The market is estimated to grow at a CAGR of 5.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 139.88 billion by 2028.
The global increase in demand for energy, owing to the robust economic growth, and the increasing application of solar photovoltaic panels and small wind turbines across the residential sector are the major drivers of the market.
The key trends in the market include the rising adoption of distributed energy generation systems in the industrial sector and the favourable initiatives of multiple governments encouraging the use of renewable and cost-effective sources of energy generation.
Wind turbine, solar photovoltaic, reciprocating engines, fuel cells, and gas and steam turbine are the different segments based on the technology of distributed energy generation.
Residential, commercial, and industrial are the major applications of distributed energy generation.
Siemens AG, Vestas Wind Systems A/S, Caterpillar, Inc, Capstone Green Energy Corporation, Doosan Enerbility Co., Ltd, Rolls-Royce Plc, The General Electric Company, Mitsubishi Heavy Industries, Ltd, Schneider Electric SE, and First Solar, Inc, among others, are the key distributed energy generation market players.
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