Distributed Energy Generation (DEG) Market (By Technology: Combined Heat and Power (CHP), Fuel Cells, Reciprocating Engines, Gas & Steam Turbines, Wind Turbines, Solar PV Cells; By Application: On-Grid, Off-Grid; By Application: Residential, Commercial, Industrial) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Acumen research and consulting estimates that the global distributed energy generation (DEG) market is anticipated to reach market size of around US$ 386 Bn by 2027 and is anticipated to grow at a CAGR of around 10% in terms of revenue during the forecast period 2020 – 2027.

The definition of the method of distributed energy generation is not globally unique and varies between countries. Macro power grids are identical in distributed generations (DGs), the electricity generation happens on the electricity user site or near-site. It is like energy storage systems with low power generating capacity, which is helpful in grid failures. DG has been part of the distributed energy resources (DER), including storage and even sensitive loads, over time. DGs are cost-effective, large grid alternatives which reduce transmission losses and use other energy sources. The demand is primarily influenced by economic, regulatory and commercial factors. The economic performance and adoption of small-scale electricity generation systems are included in environmental considerations, by greater use of renewables, regulatory concerns over electricity sustainability, obedience to policies and market factors.

Market Insights

The rising demand for distributed generation of energy is projected to drive growth in the target market over the forecast period due to the transfer of traditional and unconventional resources to electricity. Growing concern with the introduction of environmentally sustainable, safe, and non-hazardous gas-free green energy resources globally to fuel demand for distributed energy systems and accelerate development of the world market over the expected period. Some of the other factors expected to stimulate demand for distributed energy generation systems, and boost the global market growth, are trying to ease use, competitive costs and diverse designs of distributed energy generation systems. Additionally, supportive government policies in emerging countries and policy programs to minimize reliance on traditional energy supply and expand advertising efforts for renewable sources of energy are anticipated to fuel demand growth. In addition, technological innovation and intense research and development programs in combination with expanded funding by the different governments are projected to give players on the global market a lucrative opportunity in the coming years.

Report coverage

The market research study on “Distributed Energy Generation (DEG) Market (By Technology: Combined Heat and Power (CHP), Fuel Cells, Reciprocating Engines, Gas & Steam Turbines, Wind Turbines, Solar PV Cells; By Application: On-Grid, Off-Grid; By End-Use: Residential, Commercial, Industrial) - Global Industry , Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global distributed energy generation (DEG) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global distributed energy generation (DEG) market are offering technology, application, end-users and major geographic regions. The distributed energy generation (DEG) market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

Asia Pacific distributed energy generation (DEG) market accounts for the entire demand and its dominance over the projected period is expected to continue. The development of the market is projected to be driven by growing demand for electricity, big investments and energy policy, as well as increasing purchasing power in developing countries like China, Korea and India. Europe accounts for a moderate share of global sales and is expected to witness significant growth over the next period. Some of the major factors that are expected to improve the consumer demand in countries in the region are the adoption of stringent regulations and competitive policy programs like feed tariff (FIT) and net metering. North America refers to the consumer audience a large amount in sales. Policy requirements for the use of renewable energy are expected to help the DEG market grow.

Key Players

Major players included in this report Doosan Corporation, Capstone Turbine Corporation, Ballard Power Systems, Caterpillar Inc., E.ON SE, FuelCell Energy, Inc., Rolls-Royce Power Systems AG, Suzlon Energy Limited, Sharp Corporation, Vestas Wind Systems A/S, and others.

The global distributed energy generation (DEG) market is segmented as below:

Market Segmentation

Distributed Energy Generation (DEG) Market By Technology

• Combined Heat and Power (CHP)
• Fuel Cells
• Reciprocating Engines
• Gas & Steam Turbines
• Wind Turbines
• Solar PV Cells

Distributed Energy Generation (DEG) Market By Application

• On-Grid
• Off-Grid

Distributed Energy Generation (DEG) Market By Application

• Residential
• Commercial
• Industrial

Distributed Energy Generation (DEG) Market By Geography

North America

• U.S.
• Canada

Europe

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

Asia-Pacific

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

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa