Distributed Energy Generation Market, DEG Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Distributed Energy Generation Market


The global distributed energy generation (DEG) market size was valued at USD 168.1 billion in 2016. Incentives and schemes by governments such as feed-in-tariff in Asia Pacific and North America are expected to fuel the demand for DEG systems. Government schemes aim at promoting installation of these systems in residential, commercial, and industrial applications.
 
Electricity generated from the distributed renewable systems is preferred to conventional energy system owing to advantages including lower operating cost and reduced per unit electricity cost. In addition, environmental benefits associated with renewable energy generation are anticipated to stoke the growth of the market.
Rising awareness regarding clean energy resources is likely to augment the demand for distributed energy generation systems. Renewable energy plays a key role in alleviating rise in greenhouse gas emissions. These systems are more affordable than conventional electricity generation. Thus, demand for clean energy coupled with economical pricing of the product is anticipated to positively influence the market over the forecast period.
Recent policies and regulatory development in North America have resulted in growth of the overall market. Factors such as long-term extension of tax credits in the U.S., successful implementation of energy auctions in Mexico, and provincial renewable energy policy improvement in Canada are resulting in higher deployment rate of distributed energy generation technologies in the region.
Spiraling use of solar photovoltaic (PV) rooftop systems for residential and commercial applications is estimated to be one of the key trends stimulating market growth. In addition, module production cost of solar PV and PV modules have fallen by about 50% in the past few years.

Market Segmentation, Outlook & Viewpoint: Global Distributed Energy Generation Market


Technology Market Segmentation & Outlook (Volume, Megawatts; Revenue, USD Million, 2014 - 2025)

Wind Turbine

Reciprocating Engines

Fuel Cells

Solar Photovoltaic

Gas & Steam Turbines


Application Market Segmentation & Outlook (Volume, Megawatts; Revenue, USD Million, 2014 - 2025)

Residential

Commercial & Industrial


Key Players, Recent Developments & Regional Insights: Global Distributed Energy Generation Market


Rising electricity costs and frequent outages issues, especially in rural and underdeveloped areas are projected to have a positive impact on the market. In addition, supportive regulations and favorable government policies including net metering are poised to trigger the number of distributed energy generation installations globally.
The commercial & industrial sector dominated the market. Increasing adoption of solar PV modules for electricity generation due to their ability to provide clean and quality power is expected to propel the demand for distributed energy generation systems over the forecast period.
 
Heating and ventilation of floor spaces along with cooking and cooling applications are fueling the demand for these systems globally. Technological advancements are leading to high capacity utilization factor, which is likely to drive the demand for solar PV installations in buildings and institutions.

Regional Insights
Asia Pacific will continue to be the leading revenue contributor to the global market until 2025. It is also the fastest growing region during the forecast period, owing to lack of electricity in rural areas in emerging economies. India is anticipated to the sight of high growth rate in the region.
Europe market is estimated to witness healthy growth during the forecast period. Attractive government schemes including feed-in tariff (FIT) and net metering are backing the growth of the regional market.
North America is projected to be a prominent region in the global marketplace. The demand for solar PV and wind turbines in the region is registering an increase due to burgeoning energy demand from industrial facilities including chemicals paper, refining, metals, and food processing, and commercial facilities.
Most countries in the Central & South America (CSA) region are in the initial phases of development, thus increasing the requirement for energy in the region. The rate of development of these economies is highly dependent on energy consumption. Hence, rising requirement for sustainable development, lack of grid connectivity, and industrialization are poised to supplement the growth of the regional market.
Distributed Energy Generation Market Share Insights
Extensive research & development (R&D) efforts are being taken by various players and organizations including the Department of Energy U.S. (DOE), Ministry of Power (India), San Diego Gas and Electric for the development and innovation of new distributed energy generation technologies. Some of the major players include E.ON SE, Capstone Turbine Corporation, General Electric (GE), Vestas Wind Systems A/S, SIEMENS AG, and Caterpillar Power Plants.
Competition among market players has led to a reduction in prices of DEG systems in the past few years. Prices of these technologies are expected to reduce further with upcoming innovations in the market. Companies are using carbon fibers for manufacturing wind turbine blades, which is likely to reduce the cost of wind energy generation and increase the efficiency of turbines.

Key Insights Covered: Global Distributed Energy Generation Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Distributed Energy Generation industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Distributed Energy Generation industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Distributed Energy Generation industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Distributed Energy Generation industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Distributed Energy Generation industry.

Research Methodology: Global Distributed Energy Generation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other