Distributed Energy Generation Market

Distributed Energy Generation Market Outlook - 2030

The global distributed energy generation market size was valued at $246.4 billion in 2020, and is forecasted to reach $919.6 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030. 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.

China is one of the major producers of raw materials required for the production of energy generation components. The disruptions in the supply chain due to COVID-19 induced lockdown has moderately impacted the market negatively in 2020 and 2021.

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.

Distributed energy generation Market, by Technology

The fuel cells segment accounted for the largest share in 2020, while the solar PV segment is projected to grow at the highest CAGR of 18.1%.

Distributed energy generation Market, by End-Use Industry

The industrial segment accounted for the largest share of the distributed energy generation market in 2020.

Distributed energy generation Market, by Region

The Asia-Pacific region is the fastest growing region for distributed energy generation market owing to rising usage of solar PV rooftop arrangements for commercial and residential end-use industry is assessed to be one of the vital trends.

Key Benefits For Stakeholders

• The report provides in-depth analysis of the global Distributed energy generation market along with the current trends and future estimations.
• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
• Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global Distributed energy generation market for strategy building.
• A comprehensive distributed energy generation market analysis covers the factors that drive and restrain the global Distributed energy generation market growth.
• The qualitative data about market dynamics, trends, and developments is provided in the report.

Impact Of Covid-19 On The Global Distributed Energy Generation Market

• COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
• Some of the major economies suffering from the COVID-19 crises include China, Germany, France, Italy, Spain, the UK, and Norway.
• In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain of DEG goods. Demand for the product has been hindered as there is no development due to the lockdown.
• Government cutting down the subsidiaries on distributed energy generation due to COVID 19 pandemic.
• The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the industry during the COVID-19 pandemic.
• Due to a scarcity of resources in various parts of the world, the COVID-19 epidemic has impacted negatively on the manufacturing and industrial industries. The industry's top players are concerned about the market's prospects and are rethinking their strategies to meet the challenge.

 Distributed Energy Generation Market Report Highlights