Press release
Distributed Generation Market to reach USD 503.14 Bn by 2029, emerging at a CAGR of 10.9 percent and forecast 2023-2029
Distributed Generation Market
Distributed Generation refers to localized electricity generation, often sourced from renewable energy, directly at the point of use, rather than relying on centralized power plants. This report delves into the technologies and trends driving this market, shedding light on its vast scope.
Traditional power generation faces issues like low efficiency, pollution, high transmission costs, and substantial capital expenses. Distributed Generation systems, located closer to consumers, eliminate these limitations, enhance power quality and reliability, increase efficiency, and offer a range of generation technologies for consumers to choose from.
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Distributed Generation Market Dynamics:
The Distributed Generation Market is being fueled by factors such as the liberalization and deregulation of energy markets, restructuring of power utilities, easier land acquisition, faster modular power generation construction, and lower transmission costs. Rising energy consumption and increasing grid network expenses are also contributing to market growth.
Distributed Generation offers numerous advantages, including improved system reliability, reduced electricity costs, lower power system augmentation costs, emissions reduction, and the ability to use low-cost fuels. It's estimated that on-site generation can save approximately 30% of the cost of delivered electricity.
Distributed Generation Market Regional Insights:
Asia Pacific: With a 40% market share in 2022, the Asia Pacific region is witnessing substantial growth due to increased energy demand in industrial, commercial, and residential sectors. Favorable government policies and incentives, such as tax credits, are driving the adoption of distributed generation technologies, especially in countries like China, Japan, and India.
North America: This region is expected to experience significant growth, driven by federal tax reforms that encourage energy efficiency and carbon emissions reduction. Wind turbines dominate the U.S. market, while solar PV is the fastest-growing segment due to declining costs.
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Distributed Generation Market Segmentation:
by Technology
Solar PV
Wind
Reciprocating Engines
Microturbines
Fuel Cell
Gas Turbines
by End-User
Industrial
Commercial
Residential
by Application
On-Grid
Off-Grid
Distributed Generation Market Key Players:
1.Siemens
2. Schneider Electric
3. General Electric
4. Mitsubishi Heavy Industries
5. Capstone
6. Caterpillar
7. Ansaldo Energia
8. Fuelcell Energy
9. Cummins
10. Bloom Energy
11. Bergey
12. Doosan Fuel Cell America
13. Vestas Wind Systems A/S
14. Rolls-Royce Power Systems AG
15. Toyota Turbine and Systems Inc.
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Table of content for the Distributed Generation Market includes:
1. Global Distributed Generation Market: Research Methodology
2. Global Distributed Generation Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Distributed Generation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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