Distributed Generation System Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Distributed generation refers to energy generation at the point of consumption. Producing power on-site, moderately than centrally, eradicates the inefficiencies, complexity, interdependencies and cost related with distribution and transmission. Distributed generation systems usually uses renewable energy sources comprising geothermal power, biogas, biomass, small hydro, wind power, and solar power. Distributed generation systems play vital role for electrical power distribution system. Grid-connected device for energy storage can also be categorized as distributed generation system, and is regularly called as a distributed energy storage system.

Market Dynamics

The rising demand for electric power supplemented with supervisory inducements for clean energy generation has shifted the attention near distributed generation technologies. The major factor limiting the progress of distributed generation system market is hesitation to employ distributed generation system technologies as it takes lot of effort and investments. Nonetheless, declining costs of solar technology, augmented global demand for electrical energy, and growing efforts to decrease worldwide greenhouse gas emissions are expected to propel growth of distributed generation system market.

Market Classification

The market can be bifurcated on the basis of end user, application, technology and geography. By end user, distributed generation system market can be segmented into industrial, commercial and residential. By application, distributed generation system market can be segmented into on-grid and off-grid. By technology, distributed generation system market can be segmented into solar PV, wind, reciprocating engines, microturbines, fuel cells and gas turbines. On the basis of geography, the distributed generation system market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in distributed generation system market include Siemens Automation Company, General Electric Multinational Conglomerate Company, Schneider Electric Automation Company, Mitsubishi Heavy Industries, Ltd., Cummins Corporation, FuelCell Energy Electric Services Company, Bloom Energy, and others.

Market Segmentation

Market By End User

• Industrial
• Commercial
• Residential

Market By Application

• On-Grid
• Off-Grid

Market By Technology

• Solar PV
• Wind
• Reciprocating Engines
• Microturbines
• Fuel Cells
• Gas Turbines

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA