Distributed Generation Market Size, Trends, Report 2023-2032
The global distributed generation market was valued at USD 295.97 billion in 2022 and it is predicted to surpass around USD 882.18 billion by 2032 with a CAGR of 11.54% from 2023 to 2032.
Key Pointers
Report Scope of the Distributed Generation Market
| Report Coverage | Details |
| Market Size in 2022 | USD 295.97 billion |
| Revenue Forecast by 2032 | USD 882.18 billion |
| Growth rate from 2023 to 2032 | CAGR of 11.54% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Siemens, General Electric, Mitsubishi, Schneider, Caterpillar Power Plants, Doosan Fuel Cell America, Vestas Wind Systems A/S, Rolls-Royce Power Systems AG, Toyota Turbine and Systems Inc., Capstone Turbine Corporation |
Distribution generation entails small-scale technologies to generate electricity near end users of power. It is performed by some small grid-connected systems, which are referred to as distributed energy resources. DG is a small-scale generation of electricity whose power ranges from 5 kW to 30+ MW.
Distributed generation is based on different technologies that combone the use of renewable and non-renewable energy sources, but majorly renewable sources are used on a large scale. This renewable source includes but not limited to the wind turbine, geothermal energy, photovoltaic cells, micro-hydropower plants, etc. It is specially used in remote and less developed areas where the electricity supply is very less. The applications of distributed generation energy are finding roots in the residential, commercial, and industrial sectors. It is available in the form of solar photovoltaic panels, natural gas-fired fuel cells, small wind turbines, emergency backup generators, biomass combustion, and combined heat and power systems. Several industries, where regular electricity supply is not continuous, deploy distributed generations as backup power. According to India Energy Portal, distributed generation can be defined as “DG (distributed generation) is an installation and operation of small modular power-generating technologies that can be combined with energy management and storage systems”.
The global market for distributed generation is in the growth stage due to the increasing demand for power and supply not matching; power generation and demand deficit. The ongoing developments across the globe demand more power, which is impossible to fulfill by conventional power generation methods. The burgeoning construction and infrastructure industry from developing countries and rising infrastructure projects from the APAC region necessitate continuous energy supply. It is challenging, especially in remote areas, to have an uninterrupted power supply with the same power capacity or voltage.
In such cases, distributed generation is the ideal solution as it can be modified in accordance with the project’s needs. It can even be stored if produced in excess. Distributed generation has emerged as the best energy solution for projects which are affected by adverse climatic conditions like bad weather. It is an efficient solution under certain circumstances and for particular types of consumers, especially for those who need it as emergency power, combined heat and power, and continuous power supply. Investments scaling up in the distributed generation market to develop power plants is helping the distributed generation market to reach new heights.
Technology Insights
In 2022, solar PV is emerged as a leading segment mainly due to a significant rise in research and studies and government support in generating environment-friendly and cost-effective power generation. On the other hand, a number of manufacturing organization is also opting for Wind Turbines as well as Gas Turbines as a distributed power generation source.
End-User Insights
Based on End-User, the market is further segmented into industrial, commercial, and residential. Out of which, the industrial segment is expected to dominate the market. Since distributed power generation is comparatively capital-intensive for residential end users. However, several efforts are made in upsurging installations of solar panels across the residential sector. In addition to this, increasing government support will further escalate the growth of distributed power generation across residential and commercial consumers.
Regional Insights
On the basis of Region, the global distributed generation market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is the leading region in the global Distributed Generation market due to the rapid adoption of advanced technology, favorable government regulations, the presence of top power generation companies, as well as growth funding for various power generation research and developments in the region. Asia-Pacific is expected to grow at the fastest CAGR mainly due to significant government investment in research and development, a large pool of commercial, industrial as well as residential consumers.
Distributed Generation Market Segmentations:
By Technology
By End User
By Application
By Regional
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Technology Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Distributed Generation Market
5.1. COVID-19 Landscape: Distributed Generation Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Distributed Generation Market, By Technology
8.1. Distributed Generation Market, by Technology, 2023-2032
8.1.1 Fuel Cells
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Micro-Turbines
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Wind Turbines
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Combustion Turbines
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Micro-hydropower
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Reciprocating Engines
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Solar PV
8.1.7.1. Market Revenue and Forecast (2020-2032)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Distributed Generation Market, By End User
9.1. Distributed Generation Market, by End User, 2023-2032
9.1.1. Commercial
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Residential
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Distributed Generation Market, By Application
10.1. Distributed Generation Market, by Application, 2023-2032
10.1.1. On-Grid
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Off-Grid
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Distributed Generation Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.2. Market Revenue and Forecast, by End User (2020-2032)
11.1.3. Market Revenue and Forecast, by Application (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.4.2. Market Revenue and Forecast, by End User (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.5.2. Market Revenue and Forecast, by End User (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.2. Market Revenue and Forecast, by End User (2020-2032)
11.2.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.4.2. Market Revenue and Forecast, by End User (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.5.2. Market Revenue and Forecast, by End User (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.6.2. Market Revenue and Forecast, by End User (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.7.2. Market Revenue and Forecast, by End User (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.2. Market Revenue and Forecast, by End User (2020-2032)
11.3.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.4.2. Market Revenue and Forecast, by End User (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.5.2. Market Revenue and Forecast, by End User (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.6.2. Market Revenue and Forecast, by End User (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.7.2. Market Revenue and Forecast, by End User (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.2. Market Revenue and Forecast, by End User (2020-2032)
11.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.4.2. Market Revenue and Forecast, by End User (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.5.2. Market Revenue and Forecast, by End User (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.6.2. Market Revenue and Forecast, by End User (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.7.2. Market Revenue and Forecast, by End User (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.2. Market Revenue and Forecast, by End User (2020-2032)
11.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.4.2. Market Revenue and Forecast, by End User (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.5.2. Market Revenue and Forecast, by End User (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Application (2020-2032)
Chapter 12. Company Profiles
12.1. Siemens
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. General Electric
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mitsubishi
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Schneider
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Caterpillar Power Plants
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Doosan Fuel Cell America
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Vestas Wind Systems A/S
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Rolls-Royce Power Systems AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Toyota Turbine and Systems Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Capstone Turbine Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers