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Distributed Power Generation Market Growth & Forecast [2030]

Distributed Power Generation Market

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Segments - by Technology (Diesel Gensets, Microgrids, Solar PV, Natural Gas Gensets, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Report ID: EP-2550
Author: Growth Market Reports

Rating: 4.2
Total Reviews: 69

No. Of Pages: 220
Format:

Pub. Date: Upcoming
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Report Description

The global distributed power generation market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising trend of renewable energy in electric power distribution system.

Distributed power generation is a replacement to traditional power infrastructure. It is connected to electricity distribution lines to deliver clean, reliable power to customer and reduce electricity losses during transmission and distribution. As economic development excel the distribution of electricity supply, usage of small scale technologies to distributed energy is cost-effective. It is also known as decentralized generation.

The COVID-19 outbreak had reduced the electricity consumption in first half of 2020. The relaxation in restriction owing to acceleration in vaccination drive has positively influence the market growth.

Market Trends, Drivers, Restraints, and Opportunities

Innovations in techniques to distribute power is anticipated to spur the growth of the market.
The cost of distributed power generation is low as compared to the conventional power generation methods, which is estimated to propel the market growth.
Increasing demand for green energy due to increasing population across the globe is expected to contribute to the growth of the market.
Increasing commercialization and industrialization in low- and middle-level income countries is anticipated to create lucrative opportunities to industry players during the projected timeline.

Scope of the Report

The report on the global distributed power generation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Distributed Power Generation - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Technology (Diesel Gensets, Microgrids, Solar PV, Natural Gas Gensets, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Caterpillar Inc.; Siemens AG; Ballard Power Systems Inc.; Ansaldo Energia SpA; and General Electric Co.

Distributed Power Generation Market Segment Insights

Diesel gensets segment to hold a significant market share

In terms of technology, the market is segregated into diesel gensets, microgrids, solar PV, natural gas gensets, and others. Diesel is used as fuel to power the engine in diesel gensets. The diesel gensets segment is anticipated to grow at a rapid pace during forecast period. Diesel gensets serve as a reliable secondary power source, primary power sources, and standby power source for residential, commercial, and industrial customers across the world. Diesel gensets are most reliable, important, and least expensive power generation system in the world. Diesel is costlier as compared to gas; however, it has high energy density, and more amount of energy can be withdrawn from the same amount of fuel. Diesel is less flammable as compared to other fuel, which means it is safer to handle and store. The easy way of transportation and storage of diesel has made diesel gensets more preferable than gas gensets. Using diesel gensets to distributed power generation have ability of fulfill the demand for commercial, industrial and residential during the power cut.

The solar PV segment is anticipated to expand at a high CAGR during the forecast period. Increasing solar power generation capacity in emerging economies and rising investment of government state bodies in green energy are driving the growth of the market segment. Moreover, decreasing cost of solar PV panels due to advancement in manufacturing process is estimated to fuel the segment growth.

Asia Pacific is anticipated to constitute a key market share

Based on regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. . Asia Pacific is expected to constitute a key share of the market during the forecast period due to increasing energy demand in countries such as China, India, and ASEAN member states. Rapid growth of the manufacturing sector has increased the demand for uninterrupted power. Progression in technologies, strong government support, and awareness regarding the carbon emission are some of the key drivers of the regional market growth.

Segments

The global distributed power generation market is segmented on the basis of:

Technology

Diesel Gensets
Microgrids
Solar PV
Natural Gas Gensets
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Caterpillar Inc.
Siemens AG
Ballard Power Systems Inc.
Ansaldo Energia SpA
General Electric Co.

Competitive Landscape

The key players competing in the distributed power generation market are Caterpillar Inc.; Siemens AG; Ballard Power Systems Inc.; Ansaldo Energia SpA; and General Electric Co.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distributed Power Generation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Distributed Power Generation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Distributed Power Generation Market - Supply Chain
  4.5. Global Distributed Power Generation Market Forecast
     4.5.1. Distributed Power Generation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Distributed Power Generation Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Distributed Power Generation Market Absolute $ Opportunity
5. Global Distributed Power Generation Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Distributed Power Generation Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Distributed Power Generation Demand Share Forecast, 2019-2026
6. North America Distributed Power Generation Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Distributed Power Generation Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Distributed Power Generation Demand Share Forecast, 2019-2026
7. Latin America Distributed Power Generation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Distributed Power Generation Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Distributed Power Generation Demand Share Forecast, 2019-2026
8. Europe Distributed Power Generation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Distributed Power Generation Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Distributed Power Generation Demand Share Forecast, 2019-2026
9. Asia Pacific Distributed Power Generation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Distributed Power Generation Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Distributed Power Generation Demand Share Forecast, 2019-2026
10. Middle East & Africa Distributed Power Generation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Distributed Power Generation Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Distributed Power Generation Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Distributed Power Generation Market: Market Share Analysis
  11.2. Distributed Power Generation Distributors and Customers
  11.3. Distributed Power Generation Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Caterpillar Inc. Siemens AG Ballard Power Systems Inc. Ansaldo Energia SpA General Electric Co.

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