Distributed Generation Market 2026, Increasing Demand with Leading key players Schneider Electric, Siemens Energy, GE, ABB, SMA Solar Technology AG, Bloom Energy, Mitsubishi Heavy Industries, Capstone, Caterpillar Inc, Ansaldo Energia, FuelCell Energy, Cu

The "report" offers a comprehensive analysis of the distributed generation market. It gives fundamental importance to the growth drivers and restraints of the market. The information presented in the report is extracted from both primary and secondary research methods. Some significant players are also listed in the market, apart from major industrial developments that will help market vendors adopt strategies accordingly and thus, make their mark in the competition globally.

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The global distributed generation market is prognosticated to rise remarkably on account of various initiatives adopted by market players such as company collaborations, mergers and acquisitions, international supply chains, and others. Fortune Business Insights in their report titled, "Distributed Generation Market Size, Share and Global Trend By Technology (Solar PV, Wind, Reciprocating Engines, Microturbine, Gas Turbines, fuel Cells, Others), By Application (On-Grid, Off-Grid), By End-User (Industrial, Commercial, Residential), and Geography Forecast till 2026," the market will grow remarkably due to its current industry developments.

Key Market Driver - Demand Shift towards clean energy
Key Market Restraint - High cost of installation and maintenance

As per Fortune Business Insights, the reports list various distributed generation market companies. These include:

o Ameresco
o SMA Solar Technology AG
o FuelCell Energy
o Mitsubishi Heavy Industries
o Capstone
o Siemens Energy
o Bloom Energy
o ABB
o MP2 Energy LLC
o Caterpillar Inc.
o Schneider Electric
o GE

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Cost-efficiency of Distributed Generation Interconnection to Help Commercial and Residential Sectors Emerge Dominant

As per the report, the distributed generation market is categorized into four major categories namely, technology, application, end-user, and geography. With respect to technology, the market is segmented into fuel cells, gas turbines, microturbine, reciprocating engines, solar, wind, and others. Based on the application, the market is bifurcated into off-grid and on-grid.
On the basis of end-user, the market is classified into residential, commercial, and industrial sectors. Among these, the commercial and residential sectors are likely to dominate the market between 2020 to 2026. This is attributable to the surge in the number of rooftop distributed generation solar panel installations that are both cost-efficient and sufficient to serve their purpose in both commercial and residential buildings. Further sub-segmentation of the industrial segment includes the manufacturing and process industry, mining, power generation, and oil & gas sectors.

Adoption of Solar and Wind Energy Power Generators to Boost Market

The most crucial factor boosting the distributed generation market is the rise in demand for energy on a worldwide basis. This is boosting the demand for renewable sources of energy since they are cost-effective and have less carbon footprint. Besides this, the governments of various nations are also promoting the growth of the market by providing tax rebates and incentives for installing renewable sources of energy in various commercial and residential sectors. Furthermore, the gradual shift towards distributed generation from centralized energy generation will also help the market attract high revenue in the forecast period.
However, factors such as system imbalance, and grid dysfunctionality may pose a challenge to the growth of the market for distributed generation. This, coupled with the variable nature of sources such as wind and solar energy and their unpredictability may also cause hindrance to the growth of the market in the long run.
Nevertheless, the application of distributed generation in hybrid energy systems is expected to create lucrative growth opportunities for the market in the long run.

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Key Industry Developments

o In July 2020, FuelCell Energy announced the relaunching of its sub-MW distributed generation solution in the European market with Suresource 250 and Suresource 400. Suresource 250 and Suresource 400 can run directly on biogas. The fuel cell solutions will be used in Spain, Italy, Germany, United Kingdom, Benelux.
o In June 2020, Cummins Inc. announced the supply of gas generators to produce 500MW for powering the UK National grid. The supply to the national grid would be through UK Power Reserve(UKPR) to support the country's target decarbonization and higher renewable penetration. The generating capacity would be able to meet over 1.4% of the UK's peak electricity demand.
o In June 2020, Ameresco announced the completion of the 10MW Distributed Energy Security project at the Marine Corps Recruit Depot Parris Island. The project cost was D91 million. The distributed generation system is designed to withstand a potential storm and seismic conditions.

Segmentation

1. By Technology
o Solar PV
o Wind
o Reciprocating Engines
o Microturbine
o Gas Turbines
o Fuel Cells
o Others
2. By Application
o On-Grid
o Off-Grid
3. By End-User
o Industrial
o Oil & Gas
o Mining
o Power Generation
o Manufacturing & Process Industry
o Commercial
o Residential
4. By Geography
o North America (The USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, and Rest of Latin America)
o Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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Gradual Switch from Conventional to Renewable Sources of Energy to Help Asia Pacific Market Register Rapid Rate

From a geographical perspective, the market is categorized into five major regions namely, Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. In order to reduce the emission of carbon to the atmosphere, there has been a gradual shift towards the adoption of renewable distributed generation resources worldwide. Among all regions, the market in the Asia Pacific is expected to hold huge potential for the market on account of the increasing demand for energy and the rise in the adoption of renewable energy sources. China is the largest producer of biogas and solar energy, followed by Japan and India. The surge in population and government-supported initiatives to switch to renewable energy sources from conventional energy sources is anticipated to promote the growth of the market in the region.

On the other side, the market in Europe is expected to witness promising growth in the coming years on account of the fact that their residents are still switching towards renewable sources. The adoption rate of distributed generation technologies in Europe is quite high as compared to the other regions. Besides this, the market in the Middle East and Africa and Latin America is anticipated to witness growth on account of the gradual switch to solar and wind sources from conventional sources of energy.

Major Table of Content For Distributed Generation Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Distributed Generation Market Analysis, Insights and Forecast, 2026
6. North America Distributed Generation Market Analysis, Insights and Forecast, 2026
7. Europe Distributed Generation Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Distributed Generation Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Distributed Generation Market Analysis, Insights and Forecast, 2026
10. Latin America Distributed Generation Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

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