Global Distributed Energy Generation Market by Technology (Fuel Cells, Solar PV, Wind Turbines, Reciprocating Engines, Others); by End-use (Residential, Commercial, Industrial); and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa); Global Forecasts 2021 to 2027

Date : Oct 2021

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Report ID : 115

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Category : Transmission and Distribution

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Report Format:  PDF EXCEL PPT WORD

The global distributed energy generation market was valued at USD 263.5 Bn in 2020 and is expected to reach USD 532.3 Bn by 2027, with a growing CAGR of 10.6% during the forecast period.

The Global Distributed Energy Generation Market Definition:

Solar panels and combined heat and power are examples of distributed generation technologies that create energy at or near the point of use. Distributed generation can service a single structure, such as a home or company, or it can be part of a microgrid (a smaller grid that is also connected to the larger energy delivery system), such as at a big industrial complex, military base, or college campus.

Distributed Energy Generation Market

The Global Distributed Energy Generation Market Dynamics:

Increasing demand for energy generation due to rising urbanization is expected to boost the distributed energy generation market growth. The growing per capita income in developing countries such as India, China, Brazil, Argentina is poised to increase the urbanization rate in various cities of these countries. For instance, Argentina is one of Latin America's largest economies, with a Gross Domestic Product (GDP) of around USD 400 billion. Additionally, Argentina has abundant energy and agricultural resources. Within the country's 2.8 million square kilometres of land, the upcoming projects include Buenos Aires – Mitre Passenger Railway Line Modernization Project. & Buenos Aires water supply and sanitation with a focus on vulnerable areas that were approved in April & Feb 2021, respectively. Such development projects shall need various energy source for their operations and are poised to foster the demand for distributed energy generation.

Moreover, over the projected period, the distributed energy generation market   is expected to be driven by the government policies and GHG emission reduction targets. In addition, increased R&D initiatives for the development of new technologies are likely to boost the distributed energy generation sector growth. For instance, in two energy auctions held on July 8, 2021, Brazil issued contracts for around 984.71 MW of renewable power capacity, according to power sector regulator Aneel. The contracts signed reflect a total investment of BRL 4 billion (USD 761 million/EUR 642 million) in the future.

The Global Distributed Energy Generation Market Segmentation:

By Technology

  • Fuel Cells
  • Solar PV
  • Wind Turbines
  • Reciprocating Engines
  • Others

By End-use

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The unique insights provided by this report also include the following:

  • In-Depth Value Chain Analysis
  • Market Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post Covid 19 Impact on Distributed Energy Generation Market
  • Competitive Landscape

Based on technology, the solar PV segment accounted for the largest market share for the global distributed energy generation industry owing to increasing demand for renewable energy

Solar PV’s are utilized in producing electricity in order to sell it to the power grid, lighting systems, telecommunications, and for farms for agriculture and livestock. For instance, the upcoming projects such as part of the USD13.6 billion, 5,000MW Mohammed bin Rashid al-Maktoum Solar Park Phase IV in Dubai’s desert, which costs USD 4.295 billion are anticipated to increase the demand for distributed energy generation. It includes the world's highest molten salt tower plant, which will rise 260 metres tall that is expected to generate 100 megawatts of power.

Based on end-use, industrial segment accounted for the largest market share in the overall distributed energy generation market size due to the low cost of product installation and easy access to utility regions

Process and assembly, steam and cogeneration, process heating and cooling, and lighting, heating, and air conditioning for buildings are all examples of how energy is used in the industrial segment of distributed energy generation sector. Basic chemical feedstocks are also consumed by the industrial sector. Renewable technologies provide superior efficiency, energy security, pollution reduction, and robustness than conventional electricity production methods, and governments around the world are developing legislation to boost their implementation of renewable energy projects. Along the entire expanding distributed energy generation industry, digital is becoming increasingly vital. Technology advancements, including as peer-to-peer solutions and blockchain, the integration of different distributed energy resources, smart pricing, and grid interaction are anticipated to shape the future of distributed energy generation market. For instance, In July 2020, ABB introduced analytics software and services that combine operational, engineering, and IT data to provide actionable intelligence.

Based on regions, Asia-Pacific accounted for the largest market share in 2020 owing to growing population & urbanization

Geographically, Asia-Pacific is estimated to dominate the distributed energy generation market   during the forecast period. The increased demand for energy as a result of rising population and rapid urbanization in countries like India, China, Indonesia, and Malaysia is expected to be a major driver of the market. China's distributed energy generation sector is predicted to be driven by the country's rising disposable income levels. The upcoming solar projects in Asia-Pacific is anticipated to drive the demand for distributed energy generation. According to China's solar manufacturing association, up to 65 Gigawatts (GW) of solar power capacity will be added in 2021. "Price changes along the solar supply chain will determine utility-scale solar projects in the coming months. Additionally, In India, more than 7000 MW of electricity producing capacity is in the works. India is the third-largest solar power producer in Asia and the fourth largest in the globe. The Indian government now wants to increase solar energy usage to 100 GW by 2022. Currently, the country is only utilising 38% of its overall renewable energy capability. Rajasthan will also be home to the one of the world's largest solar farms.

The report also provides in-depth analysis of distributed energy generation market dynamics such as drivers, restraints opportunities and challenges

Drivers

  • Productive governmental initiatives in renewable energy
  • Increasing demand for energy generation due to rising urbanization

Restraints

  • Regular maintenance intervals
  • High capital costs

Opportunities

  • Adoption of new technologies in wind energy generation
  • Increasing population coupled with digital electronic applications

Note: Challenges along with in-depth market dynamics analysis is mentioned in the report.

COVID-19 Impact on the distributed energy generation market analysis

The outbreak of novel coronavirus has majorly affected the market. The COVID-19 pandemic has slowed the growth of the distributed energy generation market. Throughout the business, there has been a downward trend in demand and price reductions. Various regions, particularly Europe, have been severely impacted, with electricity costs reaching all-time lows in the first quarter of FY2020.Due to the severity of the covid-19, organizations manufacturing department were put on hold. Additionally, on-site installations were put on hold as a result of lockdowns. Due to the global lockdown, manufacturers of solar and wind energy gear are experiencing significant challenges with order execution. For instance, the impact of COVID-19 has been significant in Argentina. During 2020, the country suffered a decline in GDP of ~9 %

The report also provides an in-depth analysis of key trends in distributed energy generation market

  • Renewable energy resources such as solar and wind can be used to create electricity at homes and businesses utilizing existing cost-effective distributed generation systems.
  • Because of scale efficiencies, distributed generation systems that use combustion may be less efficient than centralized power plants.

The report also provides an in-depth analysis of recent news developments and investments

  • In September 2021, Greenlink Interconnector Limited had finalized a contract with Siemens Energy and its consortium partner Sumitomo Electric. Greenlink, a 190-kilometer energy interconnector, will be powered by Siemens Energy's high-voltage direct current (HVDC) converter technology. The 500-megawatt HVDC link will connect Ireland and the United Kingdom's electrical systems.
  • In September 2021, Kalyon has selected GE Renewable Energy to deploy its FLEXINVERTER* solar power station technology for the 270 MW Karapinar phase II-A and 810 MW Karapinar phase II-B solar plants in Turkey.

Company Profiles and Competitive Intelligence

The key players operating in the distributed energy generation market are:

  • Ballard Power Systems, Inc.
  • Doosan Heavy Industries & Construction.
  • Rolls-Royce plc
  • Sharp Corp.
  • Vestas Wind Systems A/S
  • Capstone Turbine Corp.
  • Caterpillar
  • Suzlon Energy Ltd.
  • General Electric
  • Siemens
  • Schneider Electric
  • ENERCON GmbH
  • First Solar Mitsubishi Electric Corp.
  • Toyota Turbine Systems Inc.
  • Ansaldo Energia
  • Cummins
  • Fuelcell Energy
  • Bloom Energy
  • Flexenergy
  • Bergey
  • Blattner
  • Mortenson
  • Black & Veatch
  • Swinerton Renewable Energy
  • Synergy Solar

Frequently Asked Questions (FAQs)

What is the market value for global distributed energy generation market?

The global Distributed energy generation market was valued at USD 263.5 Bn in 2020 and is anticipated to reach USD 532.3 Bn by 2027.

What is the estimated market growth rate of distributed energy generation industry?

The distributed energy generation market is estimated to grow at a compound annual growth rate (CAGR) of 10.6% during forecast period.

Which regional segment is dominating in distributed energy generation market?

In the base year 2020, Asia-Pacific accounted for the largest market share in the distributed energy generation market.

Who are the key players in the Distributed energy generation industry?

A few key players include, but not limited to: Ballard Power Systems, Inc., Doosan Heavy Industries & Construction, Rolls-Royce plc, Sharp Corp., Vestas Wind Systems A/S, Capstone Turbine Corp, Caterpillar, Suzlon Energy Ltd., General Electric, Siemens, Schneider Electric, ENERCON GmbH, First Solar Mitsubishi Electric Corp., Toyota Turbine Systems Inc., & Ansaldo Energia.

Does the report provide detailed COVID-19 analysis for distributed energy generation market?

Yes, the report contains detailed COVID-19 analysis for distributed energy generation market.

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Introduction
    1. Product Outline
    2. Distributed Energy Generation Overview
    3. Different Types Of Distributed Energy Generation 
    4. Analysis Of Distributed Energy Generation Ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
  2. Technology and Regulatory Landscape for Distributed Energy Generation    
    1. Regulations and Standards
  3. Distributed Energy Generation Market Pricing Analysis
    1. Prices of Distributed Energy Generation   
  4. Distributed Energy Generation Market by Technology
    1. Fuel Cells
    2. Solar PV
    3. Wind Turbines
    4.  Reciprocating Engines
    5.  Others
  5. Distributed Energy Generation Market by End-use
    1. Residential
    2. Commercial
    3. Industrial
  6. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  7. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  8. Key Market Trends / Recent Developments
  9. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  10. Key Global Players
  1. Ballard Power Systems, Inc.
  2.  Doosan Heavy Industries & Construction.
  3.  Rolls-Royce plc
  4.  Sharp Corp.
  5.  Vestas Wind Systems A/S
  6.  Capstone Turbine Corp.
  7.  Caterpillar
  8.  Suzlon Energy Ltd.
  9. General Electric
  10.  Siemens
  11. Schneider Electric
  12.  ENERCON GmbH
  13. First Solar Mitsubishi Electric Corp.
  14.  Toyota Turbine Systems Inc.
  15. Ansaldo Energia
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