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Pulished Date April, 2021
ID: 10347
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Global Distributed Energy Generation Systems Market Segmentation By Technology (Solar PV, Combined Heat and Power, Wind Turbines, Piston Engines, Micro Turbines, and Fuel Cells), End-User (Residential, Commercial and Industrial), Application (Off-Grid and On-Grid), and Region - Industry Forecast to 2026

Pulished: April, 2021
ID: 10347
Pages: 175

Distributed energy generation (DEG) Market size, share, Analysis:

distributed energy generation (DEG) market size was valued at USD 254.7 billion in 2020 and is anticipated to grow with a compound annual growth rate (CAGR) of 12.7% from 2020 to 2025. Distributed energy is a term that encompasses a wide range of energy production, storage, monitoring and control solutions. This includes the combined production of electricity, heat and power, energy storage (including electric vehicles) and distributed energy management systems. These systems can be tailored to meet specific requirements, including cost reduction, energy efficiency, and security of supply and reduction of carbon emissions. The dominant trend identified in the global distributed power generation systems market is to increase investment in micro grids due to lack of adequate connectivity to macro grids in several countries. Increased awareness of clean energy sources is expected to improve demand for DEG systems. In addition, DEG systems are less expensive than conventional power generation methods. Therefore, it is estimated that the demand for a clean energy source as well as the economic cost of the product will have a positive influence on the market growth during the projection period. The current development of regulatory policies in North America has led to the advancement of the entire market. Factors such as improved provincial renewable energy policy in Canada and successful implementation of energy auctions in Mexico are resulting in a higher rate of implementation of DTS technologies in the region. The increasing use of rooftop photovoltaic solar panels for commercial and residential applications is seen as one of the key growth trends in the distributed energy generation systems market.

Distributed energy generation (DEG) Recent Developments In Industry:

  • October 2020, Siemens, Macquarie's GIG Launched Distributed Energy Joint Venture Calibrant Energy to present complete onsite energy-as-a-service solutions at no in advance cost.
  • October 14, 2020, Japan introduced its latest three year energy policy review, with the rising need to curb the emission of greenhouse gases  even as the public remains wary over nuclear power following the Fukushima disaster.

distributed energy generation (DEG) Drivers:

The demand for distributed energy generation systems is gradually increasing, due to factors such as the volatility of crude oil and natural gas prices, growing concerns about energy consumption and greenhouse gas emissions, and network connectivity. Likewise, natural gas prices also fluctuate seasonally, with increasing in winter and decreasing in summer. These fluctuating prices subsequently increased attention towards the adoption of renewable energy sources such as solar, biomass, wind and hydropower. A shift towards green technologies such as solar, wind, hydropower, and biomass is also expected to drive the growth of the distributed energy generation systems market, as these systems have relatively less impact on the environment. These systems not only reduce carbon emissions to the environment, but also energy losses in transmission lines due to decentralized operation in these processes.

Restraints:

The major factors limiting the market for distributed energy generation systems are the reluctance to spend on the respective technologies, as their installation and commissioning requires a lot of capital and resources, and a transition to decentralized business models is a time consuming process.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2021 - 2026

CAGR

12.7%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Siemens AG, General Electric Company, Schneider Electric, Mitsubishi Motors Corporation, Capstone Turbine Corporation, ABB, MCV Energy, Johnson Controls, and NEC Energy Solutions

 

 Distributed Energy Generation Systems Market

 

distributed energy generation (DEG) Market Segmentation:

The Distributed Energy Generation Systems market is categorized by technology into solar PV, combined heat and power, wind turbines, piston engines, micro turbines, and fuel cells. Wind turbine technology occupies an important part of the market. Photovoltaic solar power is the second largest category in the market and its demand is expected to experience strong growth during the forecast period, owing to falling costs for solar installations, government subsidies and solar power charges and restrictions on greenhouse gas emissions by various government agencies.

Based on the end-user, the market for distributed energy generation systems differs between residential, commercial and industrial. The commercial and the industrial together have a significant participation in both value and volume, due to the reuse of accessible resources such as industrial waste and thermal energy. In addition, government initiatives for green solutions, growing demand for reliable energy, and easy availability of energy resources are expected to drive the market growth during the outlook period.

Based on the application, the target market has been segmented into off-grid and on-grid network. The off-grid segment has experienced a significant growth rate due to increasing demand for energy in areas where connection to the grid is poorly developed.

distributed energy generation (DEG) Regional Analysis:

Asia-Pacific distributed energy generation systems market led the global business in 2020, accounting for the largest share of over 48%. The region will maintain its dominant position by developing at the fastest CAGR from 2020 to 2025. Growing demand for energy due to population growth coupled with rapid urbanization in countries like India, China, Indonesia and Malaysia, is likely to be the key market growth factor. The demand for products in China, in particular, is largely met by the country's urban cities. The rise in disposable income in the country is also expected to boost the Chinese market.

North America distributed energy generation systems market is expected to experience significant growth during the foreseen period. The wind turbine has the largest market share in this regional market. However, solar PV is the fastest-growing segment due to falling costs, more widely distributed products under solar rental, and third party ownership models.

The demand for products in Europe distributed energy generation systems market is largely served by Germany and Italy. Demand for photovoltaic solar panels and wind turbines is expected to grow rapidly in the regional market due to increasing renewable energy targets and the number of supporting policies established by governments. The European Commission has set a target to reduce GHG emissions by 43% by 2040. Fuel cells are another important technology used in Europe with cogeneration. It offers advantages over a single fuel generator, and its cost-effective installation increases the demand for cogeneration systems in a variety of applications, including residential buildings, oil and gas production facilities, and others commercial applications.

MEA is expected to grow at a significant rate due to increased adoption of DEG for industrial applications. The solar photovoltaic system market has seen substantial growth, especially in South Africa, due to the growing need for clean energy, which in turn is expected to fuel the MEA distributed energy generation systems market. The availability of solar and wind power in MEA countries, particularly Saudi Arabia and Egypt, is one of the main factors driving various end-use industries to switch to renewable energy sources.

Impact of Covid-19 on Distributed Energy Generation System Market

The COVID-19 pandemic has significantly bogged down the Chinese economy along with other trade shocks. China, which is one of the largest exporters of SDR products, has seen a huge decline in the trade sector, due to lockdowns imposed in various parts of the country. This will likely affect the market, as companies pull back from new investments and the government cuts subsidies.

distributed energy generation (DEG) Market Key Players:

Key Players in the distributed energy generation systems market are Siemens AG, General Electric Company, Schneider Electric, Mitsubishi Motors Corporation, Capstone Turbine Corporation, ABB, MCV Energy, Johnson Controls, and NEC Energy Solutions.

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Distributed Energy Generation Systems Market, By Technology                            

                             6.1.1 Solar PV   

                             6.1.2 Combined Heat and Power            

                             6.1.3 Wind Turbines     

                             6.1.4 Piston Engines      

                             6.1.5 Micro Turbines     

                             6.1.6 Fuel Cells 

                             6.1.7 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.8 Y-o-Y Growth Rate Analysis            

                             6.1.9 Market Attractiveness Index          

              6.2 Distributed Energy Generation Systems Market, By Application                            

                             6.2.1 Off-Grid   

                             6.2.2 On-Grid   

                             6.2.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.4 Y-o-Y Growth Rate Analysis            

                             6.2.5 Market Attractiveness Index          

              6.3 Distributed Energy Generation Systems Market, By End-User                            

                             6.3.1 Residential            

                             6.3.2 Commercial          

                             6.3.3 Industrial

                             6.3.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.3.5 Y-o-Y Growth Rate Analysis            

                             6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Technology      

                             7.2.3 By Application      

                             7.2.4 By End-User          

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Technology      

                             7.3.3 By Application      

                             7.3.4 By End-User          

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Technology      

                             7.4.3 By Application      

                             7.4.4 By End-User          

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Technology      

                             7.5.3 By Application      

                             7.5.4 By End-User          

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Technology      

                             7.6.3 By Application      

                             7.6.4 By End-User          

8. Key Player Analysis                                

              8.1 Siemens AG              

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 General Electric Company                  

              8.3 Schneider Electric                  

              8.4 Mitsubishi Motors Corporation                      

              8.5 Capstone Turbine Corporation                       

              8.6 ABB Ltd                      

              8.7 MCV Energy                            

              8.8 Johnson Controls                  

              8.9 NEC Energy Solutions                          

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Distributed Energy Generation Systems Market By Region, From 2021-2026 ( USD Billion )

  2. Global Distributed Energy Generation Systems Market By Technology, From 2021-2026 ( USD Billion )

  3. Global Solar PV Market By Region, From 2021-2026 ( USD Billion )

  4. Global Combined Heat and Power Market By Region, From 2021-2026 ( USD Billion )

  5. Global Wind Turbines Market By Region, From 2021-2026 ( USD Billion )

  6. Global Piston Engines Market By Region, From 2021-2026 ( USD Billion )

  7. Global Micro Turbines Market By Region, From 2021-2026 ( USD Billion )

  8. Global Fuel Cells Market By Region, From 2021-2026 ( USD Billion )

  9. Global Distributed Energy Generation Systems Market By Application, From 2021-2026 ( USD Billion )

  10. Global Off-Grid Market By Region, From 2021-2026 ( USD Billion )

  11. Global On-Grid Market By Region, From 2021-2026 ( USD Billion )

  12. Global Distributed Energy Generation Systems Market By End-User, From 2021-2026 ( USD Billion )

  13. Global Residential Market By Region, From 2021-2026 ( USD Billion )

  14. Global Commercial Market By Region, From 2021-2026 ( USD Billion )

  15. Global Industrial Market By Region, From 2021-2026 ( USD Billion )

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