The distributed generation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Distributed Generation Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The distributed generation market size has grown rapidly in recent years. It
will grow from $94.62 billion in 2023 to $107.08 billion in 2024 at a compound
annual growth rate (CAGR) of 13.2%. The growth in the historic period can be
attributed to energy independence, environmental concerns, government
incentives, grid resilience.
The distributed generation market size is expected to see rapid growth in the
next few years. It will grow to $173.25 billion in 2028 at a compound annual
growth rate (CAGR) of 12.8%. The growth
in the forecast period can be attributed to decentralization trend, renewable
energy integration, energy storage advances, electric vehicles (evs). Major
trends in the forecast period include digitalization and iot, technological advancements, rise of
microgrids, hybrid systems integration, edge computing and ai, energy as a
service (eaas), flexibility and scalability.
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Scope Of Distributed Generation Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The increasing electricity consumption is expected to propel the growth of the
distributed generation market going forward. Electricity consumption refers to
the amount of electrical energy consumed over a specific time, in units of Wh
(or kWh). Distributed generation transmits electricity for use on-site using a
variety of technologies for electricity generation, as a result, increasing
electricity consumption increases the demand for distributed generation. For
instance, in 2021, according to the U.S. Energy Information Administration
(EIA), a US-based principal agency of the federal statistical system, around
3.93 trillion kilowatt-hours (kWh) of electricity was consumed in the United
States, which was 13 times greater than the electricity consumed in 1950.
Therefore, increasing electricity consumption is expected to boost demand for
distributed generation systems during the forecast period.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The distributed generation market
covered in this report is segmented –
1) By Technology: Fuel Cells, Micro-Turbines, Wind Turbines, Combustion
Turbines, Micro-hydropower, Reciprocating Engines, Solar PV, Other
Technologies,
2) By Application: On-Grid, Off-Grid
3) By End User: Commercial, Industrial, Residential
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Regional Insights -
Asia-Pacific was the largest region in the distributed generation market in
2023. North America is expected to be the fastest-growing region in the
distributed generation market share during the forecast period. The regions
covered in the distributed generation
market report are Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East, Africa
Key Companies -
Major companies operating in the distributed generation market report are Siemens AG, General Electric
Company, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Caterpillar
Energy Solutions GmbH, ASEA Brown Boveri Ltd., AES Corporation, Ameresco Inc.,
Ansaldo Energia S. p. A., Ballard Power Systems Inc., Bloom Energy Corporation,
Capstone Turbine Corporation, Ceres Power Holdings plc, Clearway Energy Inc.,
Cummins Inc., Doosan Fuel Cell America Inc., E. ON SE, Enel Green Power S. p.
A., FuelCell Energy Inc., Hitachi Ltd., Hydrogenics Corporation, Iberdrola S.
A., Invenergy LLC, Johnson Controls International plc, SMA Solar Technology AG,
SolarEdge Technologies Inc., Sonnen GmbH, SunPower Corporation, Tesla Inc.,
Linde plc, Toshiba Corporation, TotalEnergies SE
Table of Contents
1. Executive Summary
2. Distributed Generation Market Report Structure
3. Distributed Generation Market Trends And Strategies
4. Distributed Generation Market – Macro Economic Scenario
5. Distributed Generation Market Size And Growth
…..
27. Distributed Generation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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