Distributed Generation Market Share, Growth, Trends And Forecast To 2027

Distributed generation is power generation on-site at the point of consumption. Distributed generation benefits the large loads with the reserved additional capacity, provides the sufficient power for the entire loads and sufficient redundancy for the maintenance. In addition to this, the distributed energy generation offers better performance, increased reliability, and improved power quality which could positively influence the distributed generation market.

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Increasing electricity consumption is a major driver for the growth of distributed generation market. For instance, according to the Electronic Industries Alliance (EIA) organization, the total world energy consumption rises from 575 quadrillion British thermal units (Btu) in 2015 to 736 quadrillion Btu in 2040, an increase of 28%. In addition to this, energy producers are increasingly inclined towards setting up energy production units close to the consumer base, in order to ensure uninterrupted power supply, minimal power wastage due to smaller power distribution and transmission lines, and in turn lowering requirement for extensive distribution lines and lowering costs associated with the same. This in turn has led to increase in growth of the distributed generation market.

Distributed Generation Market Taxonomy

On basis of technology the distributed generation market is segmented into
Wind
Solar Photovoltaic
Microturbines
Gas Turbines
Fuel Cells
Reciprocating Engines

On basis of application distributed generation market is segmented into
On-grid
Off-grid

On basis of end user distributed generation market is segmented into
Industrial
Commercial
Residential

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Some of the leading players in the distributed generation market are Siemens AG, General Electric (U.S.), Schneider Electric SE, Mitsubishi Motors Corporation, and Capstone, Activ Solar GmbH, Ballard Power Systems Inc., Fortis Wind Energy, GE Power & Water, Juwi Inc., Sharp Corporation, Cummins Inc. (U.S.), Caterpillar Inc. (U.S.).

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