the market's worth is estimated to be USD 92.65 billion in 2022, and it is anticipated to reach USD 233.36 billion in 2030, exhibiting a CAGR of 12.24% during the forecast period spanning from 2023 to 2030.
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The Global Distributed Energy Generation Market has seen substantial expansion in recent years and is projected to continue growing at a remarkable rate in the future. At present, the market's worth is estimated to be USD 92.65 billion in 2022, and it is anticipated to reach USD 233.36 billion in 2030, exhibiting a CAGR of 12.24% during the forecast period spanning from 2023 to 2030. The market growth is driven by adoption of small-scale renewable energy at off-grid locations. Small-scale renewable energy systems allow for the generation of power at or near the point of consumption. This decentralization reduces the need for long-distance transmission lines and decreases energy losses associated with transmitting electricity over long distances. It also enhances the reliability and resilience of the energy grid by reducing the vulnerability to disruptions in a centralized power system.
Solar photovoltaic (PV) panels are an excellent example of small-scale renewable energy systems for distributed energy generation. Moreover, small-scale solar PV (Photovoltaic) systems offer numerous benefits. Firstly, they enable individual homes and businesses to generate their own clean energy, reducing reliance on traditional fossil fuel-based electricity sources. This leads to lower carbon emissions and helps combat climate change. Secondly, solar PV systems contribute to energy self-sufficiency and resilience by diversifying the energy sources and reducing dependency on centralized power plants and transmission infrastructure. Hence, governments worldwide are focusing on increasing solar power capacities.
For example, in 2021, solar power generation across the globe achieved a remarkable milestone worldwide by increasing by a record-breaking 179 terawatt-hours (TWh), marking a 22% rise and surpassing a total of 1,000 TWh. Furthermore, solar PV is becoming the most cost-effective option for new electricity generation across many regions globally, leading to anticipated increased investments in the sector. Likewise, adoption of other renewable energy generation at source is further driving overall market growth and facilitating the transition to sustainable energy sources.
Continuous Rise in the Hydropower Capacity Worldwide
"Global Distributed Energy Generation Market Evaluation, Prospects, and Projection, 2016-2030F" is a comprehensive report published by Markets & Data, that offers an extensive analysis of the current state of the global Distributed Energy Generation market. The report provides both qualitative and quantitative assessments, examining the industry's dynamics, challenges, market size, segmental shares, growth trends, and the influence of the COVID-19 pandemic. It also identifies potential opportunities and presents forecasts for the period from 2023 to 2030. Additionally, the report includes profiles of key industry players, highlighting their market share, business models, competitive intelligence, and other relevant details.
Report Attribute |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2016-2021 |
Forecast Period |
2023-2030 |
Projected Growth Rate |
CAGR of 12.24% between 2023 and 2030 |
Revenue Forecast in 2030 |
USD 233.36 billion |
Units |
Revenue in USD Billion |
Segments Covered |
Technology, End-user |
Regions Covered |
North America, Europe, South America, Asia-Pacific, Middle East, and Africa |
Key Companies Profile |
Duke Energy Corporation, Enel S.p.A., ABB, Mitsubishi Heavy Industries, Siemens Energy, The General Electric Company, SolarEdge Technologies Inc., Caterpillar Inc., Doosan Heavy Industries & Construction, Rolls-Royce plc, Vestas Wind System A/S, etc. |
Customization Scope |
15% free report customization with purchase |
Pricing and Purchase Options |
Avail the customized purchase options to fulfil your precise research needs |
Delivery Format |
PDF and Excel through email (subject to the license purchased) |
In this report, Global Distributed Energy Generation Market has been segmented into the following categories:
1. By Technology
1.1. Diesel and Oil Gensets
1.2. Natural Gas Gensets
1.3. Mini Hydropower Grids
1.4. Gas & Steam Turbine
1.5. Fuel Cells
1.6. Solar Photovoltaic
1.7. Wind Turbine
1.8. Biomass Generators
2. By End-user
2.2. Commercial and Industrial
3. By Region
3.1. North America
3.2. Europe
3.3. South America
3.4. Asia-Pacific
3.5. Middle East and Africa
· Duke Energy Corporation
· Enel S.p.A.
· ABB
· Mitsubishi Heavy Industries
· Siemens Energy
· The General Electric Company
· SolarEdge Technologies Inc.
· Caterpillar Inc
· Doosan Heavy Industries & Construction
· Rolls-Royce plc
· Vestas Wind System A/S
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