Global Distributed Generation Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Energy And PowerPublished Date : July 5th, 2018
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The global distributed generation market is expected to witness a CAGR of 15.5% and is projected to reach USD 483.1 billion by 2024. Factors such as high cost of utility tariffs, interruption of power supply, and losses incurred during transmission of electricity over long distances have shifted the interest towards distributed generation. Furthermore, financial incentives given by governments for construction of renewable distributed generation facilities is likely to give impetus to the market over the forecast period.

The years used for the assessment are as follows;

  • Historical year  : 2014, 2015, 2016
  • Base year      : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total distributed generation market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the distributed generation market
  • Finalizing the overall size and share for the global distributed generation market 

OBJECTIVES:

  • To classify the global distributed generation materials market into segments by technology, application, end-use, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the distributed generation market.
  • Profiling key companies operating in the global distributed generation market.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global distributed generation market is as follows:

By Technology

  • Reciprocating Combustion Engines
  • Fuel Cells
  • Solar Photovoltaic
  • Wind
  • Gas Turbines
  • Micro Turbines
  • Others

By Application

  • On-Grid
  • Off-Grid

By End-Use

  • Industrial
  • Commercial
  • Residential

Region                                                                                                                                                                                 

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Central and South America

Distributed Generation Providing Reliable Power Supply and Efficient Management of Energy Landscape

The global distributed generation market is expected to witness a CAGR of 15.5% and is projected to reach USD 483.1 billion by 2024. Factors such as high cost of utility tariffs, interruption of power supply, and losses incurred during transmission of electricity over long distances have shifted the interest towards distributed generation. Furthermore, financial incentives given by governments for construction of renewable distributed generation facilities is likely to give impetus to the market in the coming years.

Electricity supplied from utility-scale power plants is unreliable, and also results in transmission losses over a long distribution network. Moreover, during peak load demand from residential areas, the power requirements of energy intensive industries are compromised, which is detrimental to the production and efficiency of the power plant. Distributed generation power plant is constructed in close proximity of its consumers to minimize transmission losses; it also provides a reliable source of electricity.

Distributed generation companies often opt for power purchase agreements (PPA), which are financial agreements entailing supply of electricity to the main-grid or commercial power purchasers for a fixed period of time. This is useful in developing countries where the existing grid infrastructure is insufficient to meet the demand. Key players of this market are also involved in providing infrastructure equipment and setting up power plants for manufacturing plants, offices, and residential areas. These factors will likely boost the market growth over the forecast period.

North America held a significant share of the market in 2017, owing to the presence of key players in this region. The efforts to decarbonise the energy landscape and increase the efficiency of the existing power generating infrastructure has contributed to the growth of distributed generation market in this region. Asia-Pacific is expected to witness the highest CAGR over the forecast period. This can be attributed to lack of reliable electricity supply to urban areas and industrial infrastructures.

The key players of this market are General Electric; Ameresco; Siemens AG; Schneider Electric; Cummins Inc.; Mitsubishi Heavy Industries, Inc.; AES Distributed Energy; Clarke Energy; ABB; and Wärtsilä among others.

Distributed Generation Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Distributed Generation – Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the distributed generation market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Opportunities

   3.5.1.1. Power purchase agreement (PPA) for Distributed Generation

   3.5.1.2. Setting up co-generation power plants

3.5.2. Trends

           3.5.2.1. Increased adoption of distributed generation in developing countries

           3.5.2.2. Renewable resources used for distributed generation

3.6. Regulatory Trends

3.7. Market Dynamics

        3.7.1. Drivers of the market

           3.7.1.1. Ensuring uninterrupted power supply

           3.7.1.2. Minimizing losses associated with transmission of electricity from centralized power plants

           3.7.1.3. High cost of utility tariffs

           3.7.1.4. Governments incentivizing construction of renewable distributed generation plants

3.7.2. Restraints of the Market

           3.7.2.1. High cost of installation setup

CHAPTER 4. Global Distributed Generation Market Size and Forecast (2014 – 2024) (USD Million)

4.1. Global Distributed Generation Market, By Technology (USD Million)

4.1.1. Reciprocating Combustion Engines

4.1.2. Fuel Cells

4.1.3. Solar Photovoltaic

4.1.4. Wind

4.1.5. Gas Turbines

4.1.6. Micro Turbines

4.1.7. Others

4.2. Global Distributed Generation Market, By Application (USD Million)

4.2.1. On-grid

4.2.2. Off-grid

4.3. Global Distributed Generation Market, By End-Use (USD Million)

4.3.1. Industrial

4.3.2. Commercial

4.3.3. Residential

CHAPTER 5. Global Distributed Generation Market Size & Forecast, By Region

5.1. North America Distributed Generation Market (USD Million)

5.1.1. North America Distributed Generation Market, By Technology (USD Million)

5.1.2. North America Distributed Generation Market, By Application (USD Million)

5.1.3. North America Distributed Generation Market, By End-Use (USD Million)

5.1.4. North America Distributed Generation Market, By Country (USD Million)

   5.1.4.1. U.S.

   5.1.4.2. Canada

   5.1.4.3. Mexico

5.2. Europe Distributed Generation Market (USD Million)

5.2.1. Europe Distributed Generation Market, By Technology (USD Million)

5.2.2. Europe Distributed Generation Market, By Application (USD Million)

5.2.3. Europe Distributed Generation Market, By End-Use (USD Million)

5.2.4. Europe Distributed Generation Market, By Country (USD Million)

   5.2.4.1. Germany

   5.2.4.2. United Kingdom

   5.2.4.3. Russia

   5.2.4.4. France

   5.2.4.5. Italy

   5.2.4.6. Rest of Europe

5.3. Asia-Pacific Distributed Generation Market (USD Million)

5.3.1. Asia-Pacific Distributed Generation Market, By Material Type (USD Million)

5.3.2. Asia-Pacific Distributed Generation Market, By Restoring Property (USD Million)

5.3.3. Asia-Pacific Distributed Generation Market, By End-Use Industry (USD Million)

5.3.4. Asia-Pacific Distributed Generation Market, By Country (USD Million)

   5.3.4.1. India

   5.3.4.2. China

   5.3.4.3. Australia

   5.3.4.4. Japan

   5.3.4.5. Rest of Asia-Pacific

5.4. Middle East and Africa Distributed Generation Market (USD Million)

5.4.1. Middle East and Africa Distributed Generation Market, By Material Type (USD Million)

5.4.2. Middle East and Africa Distributed Generation Market, By Restoring Property (USD Million)

5.4.3. Middle East and Africa Distributed Generation Market, By End-Use Industry (USD Million)

5.4.4. Middle East and Africa Distributed Generation Market, By Region (USD Million)

   5.4.4.1. South Africa

   5.4.4.2. Saudi Arabia

   5.4.4.3. UAE

   5.4.4.4. Rest of Middle East and Africa

5.5. Central and South America Distributed Generation Market (USD Million)

5.5.1. Central and South America Distributed Generation Market, By Material Type (USD Million)

5.5.2. Central and South America Distributed Generation Market, By Restoring Property (USD Million)

5.5.3. Central and South America Distributed Generation Market, By End-Use Industry (USD Million)

5.5.4. Central and South America Distributed Generation Market, By Country (USD Million)

   5.5.4.1. Brazil

   5.5.4.2. Argentina

   5.5.4.3. Rest of Central and South America

CHAPTER 6. Key Players and Strategic Developments

6.1. General Electric

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Ameresco

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. Siemens AG

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Schneider Electric

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Cummins Inc.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. Mitsubishi Heavy Industries, Ltd.

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. AES Distributed Energy

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. Clarke Energy

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. ABB

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Wärtsilä

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

Global Distributed Generation Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024