[Latest] Global Distributed Energy Generation Market

Sandy, Utah, USA, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Distributed Energy Generation Market Size, Trends and Insights By Technology (Micro-turbines, Combustion Turbines, Micro-hydropower, Reciprocating Engines, Fuel Cells, Wind Turbines, Solar PV, Others), By End Use Industries (Residential, Commercial, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Distributed Energy Generation Market size & share was valued at approximately USD 296.78 Billion in 2021 and is expected to reach a value of around USD 932.34 Billion by 2030, at a compound annual growth rate (CAGR) of about 16.5% during the forecast period 2022 to 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. However, it mostly ignores the energy transmission necessary for a large, 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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Market Dynamics

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 energy source than oil, gas, and coal.

(A free sample of the Distributed Energy Generation report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Distributed Energy Generation report has been modified to include the COVID-19 impact study prior to delivery.)

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Restraints

The main barrier to the market’s expansion is the refusal to invest in distributed generating technologies. In addition, switching and transitioning from conventional centralized company models to decentralized business models requires much money, time, and effort.

Nevertheless, the fundamental factor impeding the market’s development is a general reluctance to implement Technology that allows for decentralized energy production. This is because these systems take up a significant amount of space and are often situated closer to the end user, an approach not supported by many users. In addition, these systems do not provide much in the way of aesthetic appeal and also raise questions about land use.

Opportunities

For many countries across the world, the supply of power in rural regions continues to be a serious challenge. Due to the limitations on the capacity to transmit power where and when required, the economic growth of already established or developing areas outpaces the extension of the electrical supply in rural areas and other regions experiencing the unavailability of energy.

As a result, it was necessary to make local choices for power transmission available. As a result, there have never been better chances to implement distributed energy-generating technologies.

Key questions answered in this report:

What is the size of the Distributed Energy Generation market and what is its expected growth rate?
What are the primary driving factors that push the Distributed Energy Generation market forward?
What are the Distributed Energy Generation Industry's top companies?
What are the different categories that the Distributed Energy Generation Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Distributed Energy Generation market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Distributed Energy Generation Market @ https://www.custommarketinsights.com/report/distributed-energy-generation-market/

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Report Highlights

Based on Technology, the fuel cells category had the largest market share in 2021, accounting for more than a third of the worldwide distributed energy generation market, and is anticipated to continue its leading position during the forecast period. This results from the high incorporation rates across the diverse industrial sectors. However, the solar photovoltaic (PV) category is anticipated to grow at the highest CAGR of 18.25 % between 2021 and 2030 due to the desire for a reliable and sustainable power source.

Based on the end-use industry, the commercial sector accounted for the greatest part of the worldwide distributed energy generation market in 2021, contributing one-third of the total revenue, and is expected to retain its dominance during the forecast period. In addition, this category is anticipated to exhibit the highest CAGR of 15.7% between 2022 and 2031, as the need for low-cost, sustainable energy is expected to increase substantially in the future years.

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Report Scope Feature of the Report Details

Feature of the Report.	Details
Market Size in 2021	USD 296.78 Billion
Projected Market Size in 2030	USD 932.34 Billion
CAGR Growth Rate	16.5% CAGR
Base Year	2021
Forecast Period	2022-2030
Prominent 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, and Others
Key Segment	By Technology, End Use Industries, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfill your requirements for research.

Regional Snapshots

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 centres 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.

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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

Recent activity in Distributed Energy Generation Market

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.

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Browse the full “Distributed Energy Generation Market Size, Trends and Insights By Technology (Micro-turbines, Combustion Turbines, Micro-hydropower, Reciprocating Engines, Fuel Cells, Wind Turbines, Solar PV, Others), By End Use Industries (Residential, Commercial, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/distributed-energy-generation-market/

Segments covered in the report By Technology

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

By End Use Industries

Residential
Commercial
Industrial

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Click Here to Get a Free Sample Report of the Global Distributed Energy Generation Market @ https://www.custommarketinsights.com/report/distributed-energy-generation-market/ 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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This Distributed Energy Generation Market Research/Analysis Report Contains Answers to the following Questions.

Which Manufacturing Technology is used for Distributed Energy Generation? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Distributed Energy Generation Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was the Global Market Status of the Distributed Energy Generation Market? What Was the Capacity, Production Value, Cost and PROFIT of the Distributed Energy Generation Market?
What Is the Current Market Status of the Distributed Energy Generation Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Distributed Energy Generation Market by Considering Applications and Types?
What Are Projections of the Global Distributed Energy Generation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Distributed Energy Generation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact on Distributed Energy Generation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are the Market Dynamics of the Distributed Energy Generation Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Distributed Energy Generation Industry?

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Reasons to Purchase Distributed Energy Generation Market Report

Distributed Energy Generation Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
Distributed Energy Generation Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Distributed Energy Generation Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Distributed Energy Generation Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

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Reasons for the Research Report

The study provides a thorough overview of the global Distributed Energy Generation market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Distributed Energy Generation market analysis.

The competitive environment of current and potential participants in the Distributed Energy Generation market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Distributed Energy Generation market should find this report useful. The research will be useful to all market participants in the Distributed Energy Generation Industry.

Managers in the Distributed Energy Generation sector are interested in publishing up-to-date and projected data about the worldwide Distributed Energy Generation market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Distributed Energy Generation products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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