Global Distributed Power Generation Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Distributed generation refers to power generation at the point of consumption. Generating power on-site, rather than centrally, eliminates the cost, complexity, interdependencies, and inefficiencies associated with transmission and distribution. Like distributed computing (i.e. the PC) and distributed telephony (i.e. the mobile phone), distributed generation shifts control to the consumer.

Global Distributed Power Generation Market Segments Size & Growth:

Global distributed power generation market size is projected to reach approximately $103.48 billion by the end of 2024 with a CAGR of close to 11.52% from $55.10 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include increasing energy demand in the world and need to reduce energy imports, the growth of renewables, and need for decentralisation of power due to electricity infrastructure challenges. However, high initial costs and large area required to set up solar farm are thereby hampering the market growth.

Global Distributed Power Generation Market Segments Share:

Global distributed power generation market is categorised into a type which comprises On-Grid, and Off-Grid. By Source, the market is segmented into wind turbines, solar PV, reciprocating engine, microturbines, fuel cell, combined heat and power, and Others. Among them, the solar PV segment holds the most significant share in the market owing to the declining costs of solar photovoltaic cells. By End-User, the market is segmented into Industrial, Commercial, and Residential. By Geography, Asia-Pacific is projected to dominate the market with the most significant share because of lack of a reliable grid infrastructure especially the South East Asian countries, where the population is spread across several islands, will drive the demand for off-grid power systems in the coming years.

Global Distributed Power Generation Market Trends:

• The Iraqi Ministry of Electricity has signed an agreement worth over $400 million with GE Power to develop 14 electric substations on a turnkey basis and supply critical equipment such as transformers, circuit breakers, and others.
• Caterpillar Inc. expands renewable power generation offerings in conjunction with the first solar.

Global Distributed Power Generation Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary market players, such as

• Siemens
• General Electric
• Schneider Electric
• Mitsubishi Hitachi Power Systems
• Caterpillar