Global Distributed Generation (DG) Industry Insights Report 2023: Market to Reach 5.9 Billion by 2030 – Affordable, Efficient Energy Storage Technologies to Magnify the Disruptive Effect of DG

Global Distributed Generation (DG) Industry Insights Report 2023: Market to Reach $615.9 Billion by 2030 – Affordable, Efficient Energy Storage Technologies to Magnify the Disruptive Effect of DG

DUBLIN, Dec. 1, 2023 /PRNewswire/ — The “Distributed Generation (DG) – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Distributed Generation (DG) Market to Reach $615.9 Billion by 2030

The global market for Distributed Generation (DG) estimated at US$245.8 Billion in the year 2022, is projected to reach a revised size of US$615.9 Billion by 2030, growing at a CAGR of 12.2% over the analysis period 2022-2030. Fuel Cells, one of the segments analyzed in the report, is projected to record 11% CAGR and reach US$92.9 Billion by the end of the analysis period. Growth in the Solar Pv Cells segment is estimated at 14.2% CAGR for the next 8-year period.

This comprehensive report examines the multifaceted impact of the COVID-19 pandemic on the power and energy sector, shedding light on how it has acted as a catalyst for the ongoing energy transition. Beyond addressing immediate challenges, the report provides strategic recommendations for the power and energy sector as it navigates the post-pandemic landscape.

A significant focus of the report is on the increased adoption of Demand Side Management Applications through Distributed Energy Resources (DERs), which have gained prominence due to the pandemic’s disruptions. It explores the concept of distributed generation, encompassing a diverse range of resources and technologies. These include fuel cells, solar photovoltaic systems, distributed wind turbines, gas turbines, reciprocating engines, microturbines, and microhydroelectric generators, each with its typical installed capacity range and distinct applications.

The report highlights how distributed generation is transforming the electric power industry, with solar photovoltaic technology leading the growth trajectory. It points out that the commercial segment is the largest end-use market, while Europe stands as the largest regional market. Developing regions are experiencing rapid growth in this sector. The distribution of revenues between developed and developing regions in the world distributed generation market for 2021 and 2027 is also analyzed.

Key trends in the Distributed Energy Resources (DER) market are outlined, and the factors driving the deployment of distributed generation in both developed and developing economies are discussed. These drivers include environmental benefits, utility advantages, enhanced reliability and energy security, grid expansion benefits, and supportive government regulations and policies.

Furthermore, the report examines specific segments within distributed generation, such as distributed solar, distributed wind power (with a focus on the U.S. market), and the growing interest in distributed fuel cell generation systems, particularly Solid Oxide Fuel Cells (SOFCs) and natural gas-based distributed generation. It also covers technologies like reciprocating combustion engines (RCEs) and combustion turbines, providing details on power technology, size range, power efficiency, fuel options, and applications.

The U.S. Market is Estimated at $38.8 Billion, While China is Forecast to Grow at 16.5% CAGR

The Distributed Generation (DG) market in the U.S. is estimated at US$38.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$178.8 Billion by the year 2030 trailing a CAGR of 16.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 8.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

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What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Robust Demand for Electricity Closer to the Point of Consumption Drives Proliferation of DG TechnologiesProjected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of WorldEstimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030Inefficiencies in Traditional Power Generation Model: Foundation for Market GrowthHigh DG Penetration in the Long Run to Lead to Utility Companies’ ‘Death Spiral’Growing Focus on Renewable Energy: A Strong Growth DriverLeading Wind Power Countries Worldwide: Ranking Based on Key Wind Power FactsGlobal Investments (US$ Billion) in Renewable Energy by Source: 2018World Installed Base of Wind Energy (in Megawatts) by Geographic Region: 2018, 2021 & 2024Smart Grids to Complement Integration of DG Resources in Electric Utility NetworkInnovative Application of Smart Grid in Enabling Energy SecurityDistributed Generation: A Key Enabler of Smart CitiesNumber of Smart Cities Worldwide by Geographic Region (2025E)Microgrids and Distributed Generation Transform Electricity Management ForeverGlobal Distributed Generation Capacity in Microgrids by Type (2021): Percentage Breakdown of Capacity Installations for Diesel Generators, Fuel cells, Natural Gas Generators, Small Wind Turbines, Solar PV Systems, and OthersDG Prosumers Continue to Depend on Utility Grids, Equitable Cost Sharing a Major PriorityVirtual Power Plants (VPPs): The DG Technology with Tremendous Growth PotentialAffordable, Efficient Energy Storage Technologies to Magnify the Disruptive Effect of DGCommercialization of Stationary Fuel Cells to Revolutionize DG MarketSolar PV Attains Grid Parity: A Major Milestone for DGSurging Demand from Telecom Network Operators Augurs Well for the DG MarketFavorable Demographic and Urbanization Trends Strengthens Market ProspectsWorld Population by Geographic Region (2000-2050) (in Millions)Rapid Urbanization: A Mega Growth Driver for Distributed GenerationWorld Population Urbanization Rate (%) by Region/Country: 2016 & 2040Key Challenges Hampering Large Scale Deployment of Distributed GenerationTechnical BarriersLower Energy-Efficiency, Higher Costs of DG Equipment

FOCUS ON SELECT PLAYERS (Total 52 Featured)

Capstone Green Energy CorporationCaterpillar, Inc.Cummins, Inc.Doosan Heavy Industries & Construction Co., Ltd.E.ON SEBallard Power Systems, Inc.Ansaldo Energia SpAAmeresco, Inc.Bloom Energy CorporationENERCON GmbHConvion Ltd.Doosan Fuel Cell America, Inc.EDF Renewable EnergyCaterpillar Inc.Emergya Wind Technologies B.V.

For more information about this report visit https://www.researchandmarkets.com/r/4clf3j

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