The global distributed generation market size is expected to reach over US$ 703 billion by 2030 and poised to grow at a notable CAGR of 11.5% from 2021 to 2030.

Fuel Cells, one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$68.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Solar Pv Cells segment is readjusted to a revised 12.4% CAGR for the next 7-year period.

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Distributed generation which is also known as decentralized generation or on-site generation as the term describes refers to the generation of electricity for on-site usage on our own. It is mainly generated through the pollution free and environment friendly ways with the help of solar panels, wind turbines and many other similar methods. It majorly neglects the energy transmission required through the electric grid from a large, centralized power generation facilities such as a coal-fired or nuclear power plant. Since the power consumption across the globe has been drastically increased from commercial, industrial as well as residential applications it is necessary nowadays to encourage distributed generations to minimize and manage the centralized power loads. In addition to this, majority of the underdeveloped regions still lacks the sufficient power supplies. This has further escalated the demand for distributed and environment friendly power generation.

Owing to the increased funds diverting towards the development of renewable energy generation infrastructure, the global distribution generation has acquired immense popularity. In the past few years, there is an increased inflow of new vendors and policy makers are more focused towards the distribution generation market due to the constant demand for clean energy. All conductive policies are encouraging the adoption of clean energy and this may be presumed to drive the distribution generation market in the coming years.

Various other factors influence the distributed generation market to grow. There is a constant rise in demand for electricity in both developed as well as developing nations for industrial and residential purposes. There is this increasing cost and strict regulations that limits the use of power that is generated from fossil fuels. Development in off-grid locations are also being focused by power distribution infrastructure which further adds to the growth and demand of the distributed generation market.

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The factor that may restrict the growth of the market is the reluctance of investment in the distribution generation market. However, because of their compact size, practical thermal output and low unit cost, these distribution generation engines are widely used for power generation. Quick and flexible start-up technologies used for generating power are the main reasons that may boost up the demand for distributed generation market in the coming years.

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The U.S. Market is Estimated at $35.3 Billion, While China is Forecast to Grow at 14.7% CAGR

The Distributed Generation (DG) market in the U.S. is estimated at US$35.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$116.2 Billion by the year 2027 trailing a CAGR of 14.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.

Wind Turbines Segment to Record 11% CAGR

In the global Wind Turbines segment, USA, Canada, Japan, China and Europe will drive the 11% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$34 Billion in the year 2020 will reach a projected size of US$67.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Market Segmentation

Based on segmentation by technology, the distribution generation market is classified into fuel cells, micro turbines, reciprocating engines, wind turbines, combined heat and power (CHP), and solar photovoltaic. Out of these, the CHP technology characterizes a high quotient of flexibility and may be utilized with alternative energy production technologies like fuel cells, reciprocating engines as well as micro turbines. The carbon emission levels are also low and thus, cost effective clean energy generation is produced.

On the basis of application, the market is segmented into on-grid and off-grid application. Based on segmentation by end users, the market is categorized into industrial, commercial, buildings and institutions and residential segments.

The global distributed generation market is studies with respect to key geographies Latin America, Europe, North America, Middle East and Africa, and Asia Pacific. Out of these Asia pacific is estimated to exhibit the most promising investment potential over the years. A steady increment in the revenue is expected in the global distributed generation market. Due to the rise in strict implications on environment protection laws, and increased focus on off-grid locations to be provided with energy, the market in Asia Pacific is anticipated to benefit to a large extent.

Owing to the vast rise in new solar PV projects and high installed solar PV capacities, the key enablers of growth in Asia Pacific market are Japan and China. Government policies have also enabled positive development of the market in the region, hence increasing focus on developing renewable energy-based generation.

The market in Europe and North America are anticipated to face a decline in their share during the forecast period even though they are considered well-developed. Government provides incentives for renewable power consumption as energy-infrastructure encouragements. Strict laws on environment protection have worked in favor of the distributed generation market in this region. Moreover, due to installation of fuel-based energy generation systems and its rising usage, the market in North America is anticipated to create new growth opportunities for companies functioning in the distributed generation market over the years to come.

Some of the prominent players in the Distributed Generation Market include:

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

Market Segmentation

By Technology

Solar Photovoltaic

CHP

Wind Turbine

Reciprocating Engines

Micro Turbines

Fuel Cells

By Application

On-Grid

Off-Grid

By End-user

Residential

Building & Institutions

Commercial

Industrial

Key Points Covered in Distributed Generation Market Study:

- Growth of Distributed Generation in 2022

- Market Estimates and Forecasts (2017-2030)

- Brand Share and Market Share Analysis

- Key Drivers and Restraints Shaping Market Growth

- Segment-wise, Country-wise, and Region-wise Analysis

- Competition Mapping and Benchmarking

- Recommendation on Key Winning Strategies

- COVID-19 Impact on Demand for Distributed Generation and How to Navigate

- Key Product Innovations and Regulatory Climate

- Distributed Generation Consumption Analysis

- Distributed Generation Production Analysis

- Distributed Generation and Management

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