The global distributed energy generation market is anticipated to grow at a CAGR of 10.3% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of energy infrastructure and greenhouse gas (GHG) emission reduction targets drive the growth of the distributed energy generation (DEG) market. The growing demand for solar photovoltaic units for power generation owing to their ability to provide quality and clean power drives the growth of the distributed energy generation market.
An electric network's power distribution stage connects high- and medium-voltage substations to the end consumers. Although meshed topologies can be used to improve power quality and reliability, distribution grids are often constructed as radial systems. For instance, in July 2023, Bloom Energy launched the Series 10 Net-Zero Compliant Solution, accelerating the adoption of clean power generation. The Series 10 Bloom Energy Server enables customers to rapidly meet growing power needs and net-zero compliance at competitive costs to a long-term contract.
Browse the full report description of “Distributed Energy Generation Market Size, Share & Trends Analysis Report by Technology (Wind Turbine, Solar Photovoltaic, Reciprocating Engines, Fuel Cells and Gas & Steam Turbine), and by Application (Residential and Commercial & Industrial), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/distributed-energy-generation-market
With higher energy efficiency, increased consumer demand, and greater reliability, solar photovoltaic (PV), battery energy storage (BES), electric vehicles (EVs), and adjustable load play an increasingly important role in decarbonizing the electric sector. For instance, in June 2022, The Electric Power Research Institute (EPRI) introduced an open-source distributed energy resource (DER) model called OpenDER to facilitate the electric grid's expanded capacity for renewable energy. For planning and connectivity studies, the static and dynamic behaviors of DER can be evaluated using the OpenDER model.
Market players provide a unique combination of operational, technical, and risk management know-how that makes it easier for clients to take advantage of on-site energy system advantages. For instance, in October 2020, Siemens AG and Macquarie’s Green Investment Group launched a distributed energy venture calibrant energy. The joint venture provides municipalities, universities, schools, hospitals, and corporate and industrial clients with full-service on-site Energy-as-a-Service (EaaS) solutions at no upfront cost.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Residential
o By Commercial & Industrial
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Advantech Co., Ltd., Caterpillar Energy Solutions GmbH, General Electric, Schneider Electric, Siemens AG, and others.
Key questions addressed by the report
Global Distributed Energy Generation Market Report Segment
By Technology
By Application
Global Distributed Energy Generation Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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