Global Distributed Energy Generation Market

Distributed Energy Generation Market: Overview

According to Custom Market Insights (CMI), The Global Distributed Energy Generation Market  Size was valued at USD 296.78 Billion in 2021 and is expected to reach USD 334.11 Billion in 2022, and is estimated to reach USD 932.34 Billion by the end of 2030 at a CAGR of approximately 16.5% during the forecast period 2022-2030.

The phrase “distributed generation,” sometimes known as “decentralized generation” or “onsite generation,” refers to the production of energy for independent use onsite. It is mostly produced using environmentally beneficial, pollution-free means, such as solar, wind, and other comparable techniques. It mostly ignores the energy transmission necessary for a big, centralized power-producing facility, such as a coal-fired or nuclear power plant, to produce electricity via the electric grid.

Promoting distributed generators to reduce and control centralized power loads is vital since global power consumption has significantly grown due to commercial, industrial, and residential applications. Additionally, the bulk of the developing world still lacks adequate power due to increased demand for distributed, environmentally friendly electricity production.

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Distributed Energy Generation Market: Growth Drivers

The market is driven by increased greenhouse gas (GHG) emission reduction goals, government restrictions, and environmental awareness. Additionally, greater R\&D efforts to create novel technologies will promote market expansion. DEG system demand is expected to be boosted by government programs and incentives, including feed-in tariffs in North America and the Asia Pacific. The installation of such systems in industrial, residential, and commercial contexts is encouraged by government programs

The fundamental attribute of distribution energy as a flexible technology, i.e., the potential of the Technology to generate power onsite, is the primary market driver. This Technology permits power production in any area, including homes, businesses, and industrial facilities. Distribution energy is eco-friendly, cost-effective, and offers superior power quality. In addition, it is a more dependable source of energy than oil, gas, and coal.

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Distributed Energy Generation Market: Regional Analysis

2021 saw the Asia Pacific take the lead in the worldwide market, with a share of over 47%. From 2022 to 2031, the area will continue to increase at the quickest CAGR, maintaining its leadership position. The main driver of market expansion is projected to be the increased need for energy due to expanding population and fast urbanization in nations like India, China, Indonesia, and Malaysia. The nation’s metropolitan centers play a significant role in meeting product demand, especially in China. The Chinese market is anticipated to be driven by the rising levels of disposable income in the nation.

Distributed Energy Generation Market: Recent Developments

• Rolls Royce said in July 2021 that it would serve as the corporate and employer brand and that the MTU brand would be strengthened as the exclusive product and solution brand. The “MTU Onsite Energy” distributed power supply system trademark will gradually disappear and be incorporated into the MTU brand on a product level.
• Schneider Electric will unveil the Energy Center for Distributed Energy Enabled Homes in January 2021. The use of solar power, batteries, electric car chargers, and whole-home energy management is spreading.

Key Players:

• Rolls Royce Power Systems AG
• Schneider Electric
• Mitsubishi Electric Corporation
• Caterpillar Power Plants
• Capstone Turbine Corporation
• Toyota Turbine and Systems Inc.
• Doosan Fuel Cell America
• Vestas Wind Systems A/S
• Siemens
• GE

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The global Distributed Energy Generation market is segmented as follows:

By Technology

• Micro-turbines
• Combustion Turbines
• Micro-hydropower
• Reciprocating Engines
• Fuel Cells
• Wind Turbines
• Solar PV
• Others

By End Use Industries

• Residential
• Commercial
• Industrial

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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