The distributed generation market size has seen accelerated expansion in recent times, growing from $106.86 billion in 2024 to $120.73 billion in 2025, boasting a compound annual growth rate (CAGR) of 13.0%. The rapid growth during this historic period can be traced back to factors such as energy independence, environmental concerns, government incentives, and grid resilience.
Looking forward, the distributed generation market is predicted to sustain its swift growth trajectory. The market size is projected to surge to $198.45 billion in 2029, with a compound annual growth rate (CAGR) of 13.2%. This projected growth is largely ascribed to emerging trends such as decentralization, integration of renewable energy, advancements in energy storage, and the rise of electric vehicles (EVs).
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What is Driving the Growth of the Distributed Generation Market?
The distributed generation market’s growth is propelled by the escalating demand for electricity. As the consumption of electrical energy increases, so does the demand for distributed generation, a suite of technologies that produce electricity onsite for immediate use. This correlation is evidenced by statistics from the U.S Energy Information Administration, which revealed that total U.S. electricity end-use consumption rose by approximately 3.2% in 2022 compared to 2021, with retail electricity sales surging by 2.6% in the residential sector and 4.7% in the commercial sector.
What are the Key Segments of the Distributed Generation Market?
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
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Which Major Companies are Operating in the Distributed Generation Market?
Key players in the distributed generation market include 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.
What are the Emerging Trends in the Distributed Generation Market?
Significant technological advancements constitute a key trend in the distributed generation market. Companies are leveraging this trend to strengthen their market positioning by developing superior products. Delta India, for instance, introduced a medium-voltage QPR product, dubbed the 11kV 3-phase Power Quality Restorer, to mitigate a range of power quality issues such as voltage fluctuations and equipment failures.
Which Region Leads the Distributed Generation Market and Which is Growing the Fastest?
In 2024, Asia-Pacific was the dominant player in the distributed generation market, while North America is anticipated to be the fastest-growing region during the forecast period. The report also covers other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Distributed Generation Market Report 2025 Offer?
Distributed generation alludes to an array of actions geared towards the development and sales of small-scale energy intended to provide electricity during power outages, including those occurring after severe storms and during high-energy demand days. The Distributed Generation Market research report from The Business Research Company offers a comprehensive analysis of global market size, growth rate, regional shares, intricate segment details, emerging trends, and lucrative opportunities.
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