Distributed Generation Market Growth Outlook Through 2024-2033

Overview and Scope
Distributed generation refers to a set of activities conducted for the development and sales of small generated energy used to provide electricity during power outages, including those that occur after severe storms and during high energy demand days.

Sizing and Forecast
The distributed generation market size has grown rapidly in recent years. It will grow from $94.62 billion in 2023 to $107.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to energy independence, environmental concerns, government incentives, grid resilience.

The distributed generation market size is expected to see rapid growth in the next few years. It will grow to $173.25 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to decentralization trend, renewable energy integration, energy storage advances, electric vehicles (evs). Major trends in the forecast period include digitalization and iot, technological advancements, rise of microgrids, hybrid systems integration, edge computing and ai, energy as a service (eaas), flexibility and scalability.

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Segmentation & Regional Insights
The distributed generation market covered in this report is segmented –

1) By Technology: Fuel Cells, Micro-Turbines, Wind Turbines, Combustion Turbines, Micro-hydropower, Reciprocating Engines, Solar PV, Other Technologies,
2) By Application: On-Grid, Off-Grid
3) By End User: Commercial, Industrial, Residential

Asia-Pacific was the largest region in the distributed generation market in 2023. North America is expected to be the fastest-growing region in the distributed generation market share during the forecast period. The regions covered in the distributed generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing electricity consumption is expected to propel the growth of the distributed generation market going forward. Electricity consumption refers to the amount of electrical energy consumed over a specific time, in units of Wh (or kWh). Distributed generation transmits electricity for use on-site using a variety of technologies for electricity generation, as a result, increasing electricity consumption increases the demand for distributed generation. For instance, in 2021, according to the U.S. Energy Information Administration (EIA), a US-based principal agency of the federal statistical system, around 3.93 trillion kilowatt-hours (kWh) of electricity was consumed in the United States, which was 13 times greater than the electricity consumed in 1950. Therefore, increasing electricity consumption is expected to boost demand for distributed generation systems during the forecast period.

Key Industry Players
Major companies operating in the distributed generation market report are Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Caterpillar Energy Solutions GmbH, ASEA Brown Boveri Ltd., AES Corporation, Ameresco Inc., Ansaldo Energia S. p. A., Ballard Power Systems Inc., Bloom Energy Corporation, Capstone Turbine Corporation, Ceres Power Holdings plc, Clearway Energy Inc., Cummins Inc., Doosan Fuel Cell America Inc., E. ON SE, Enel Green Power S. p. A., FuelCell Energy Inc., Hitachi Ltd., Hydrogenics Corporation, Iberdrola S. A., Invenergy LLC, Johnson Controls International plc, SMA Solar Technology AG, SolarEdge Technologies Inc., Sonnen GmbH, SunPower Corporation, Tesla Inc., Linde plc, Toshiba Corporation, TotalEnergies SE

The distributed generation market report table of contents includes:

1. Executive Summary
2. Distributed Generation Market Characteristics
3.Distributed Generation  Market Trends And Strategies
4.Distributed Generation  Impact Of COVID-19
5. Distributed Generation Market Size And Growth
6. Distributed Generation Segmentation
7. Distributed Generation Regional And Country Analysis
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27. Distributed Generation Competitive Landscape And Company Profiles
28. Distributed Generation Key Mergers And Acquisitions
29.Distributed Generation  Future Outlook and Potential Analysis

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