Distributed Generation Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Distributed Generation Market Size By 2025?
In the past few years, there has been a significant expansion in the distributed generation market size. It's projected to increase from $106.86 billion in 2024 to an impressive $120.73 billion in 2025, showing a compound annual growth rate (CAGR) of 13.0%. Factors that contributed to this growth during the historic period include energy independence, environmental concerns, government incentives, and grid resilience.

How Big Is the Distributed Generation Market Size Expected to Grow by 2029?
In the coming few years, the distributed generation market size is anticipated to witness significant growth, set to increase to $198.45 billion in 2029 with an expected compound annual growth rate (CAGR) of 13.2%. This projected growth in the forecast period is attributed to the trend of decentralization, the incorporation of renewable energy, advancements in energy storage, and electric vehicles (EVs). Noteworthy trends during the forecast period consist of digitalization and IoT, technological progression, the emergence of microgrids, integration of hybrid systems, edge computing and artificial intelligence, energy-as-a-service (EaaS), along with flexibility and scalability.

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Which Key Market Drivers Powering Distributed Generation Market Expansion and Growth?
The escalating use of electricity is predicted to spur the expansion of the distributed generation market in the future. The term electricity consumption denotes the quantity of electrical energy used over a given period, measured in units of Wh (or kWh). Distributed generation utilizes a range of technologies to produce electricity for on-site use, thus, higher electricity consumption elevates the need for distributed generation. For example, data from the U.S Energy Information Administration, a government organization in the U.S, showed that total U.S. end-use electricity consumption rose around 3.2% in 2022 compared to 2021, with a 2.6% increase in retail electricity sales in the residential sector and a 4.7% surge in the commercial sector. Consequently, the rise in electricity consumption is anticipated to enhance the demand for distributed generation systems during the projected period.

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Which Fast-Growing Trends Are Poised to Disrupt the Distributed Generation Market?
The distributed generation market is increasingly being influenced by technological advancements, with companies striving to create innovative products to solidify their market stance. For instance, Delta India, a subsidiary of Delta Electronics Inc., a Taiwan-based firm specialising in distributed generation, introduced a medium-voltage QPR product named 11kV 3-phase Power Quality Restorer in May 2022. The device aims to address multiple power quality issues such as voltage fluctuations, flickers and equipment malfunctions with enhanced efficiency. Furthermore, the 11Kv3-Phase QPR can provide current harmonic compensation in both leading and lagging reactive power. It can also correct power load imbalance, regulate voltage, and lower electricity costs in a company by preventing power factor penalties and harmonic surcharges.

What Are the Emerging Segments in the Distributed Generation Market?
The distributed generation market covered in this report is segmented -

1) By Technology: Fuel Cells, Micro-Turbines, Wind Turbines, Combustion Turbines, Micro-hydropower, Reciprocating Engines, Solar PV, Other Technologies
2) By Application: On-Grid, Off-Grid
3) By End User: Commercial, Industrial, Residential

Subsegments:
1) By Fuel Cells: Proton Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), Molten Carbonate Fuel Cells (MCFC)
2) By Micro-Turbines: Gas-Fueled Micro-Turbines, Biogas Micro-Turbines
3) By Wind Turbines: Small Wind Turbines, Vertical Axis Wind Turbines (VAWT)
4) By Combustion Turbines: Gas Turbines, Dual-Fuel Turbines
5) By Micro-Hydropower: Pico-Hydro Systems, Small-Scale Hydropower Solutions
6) By Reciprocating Engines: Gas-Fueled Engines, Diesel Engines
7) By Solar PV: Rooftop Solar PV Systems, Ground-Mounted Solar PV Systems
8) By Other Technologies: Biomass Generation, Geothermal Systems

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Who Are the Global Leaders in the Distributed Generation Market?
Major companies operating in the distributed generation market include Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Caterpillar Energy Solutions GmbH, ASEA Brown Boveri Ltd., AES Corporation, Ameresco Inc., Ansaldo Energia S. p. A., Ballard Power Systems Inc., Bloom Energy Corporation, Capstone Turbine Corporation, Ceres Power Holdings plc, Clearway Energy Inc., Cummins Inc., Doosan Fuel Cell America Inc., E. ON SE, Enel Green Power S. p. A., FuelCell Energy Inc., Hitachi Ltd., Hydrogenics Corporation, Iberdrola S. A., Invenergy LLC, Johnson Controls International plc, SMA Solar Technology AG, SolarEdge Technologies Inc., Sonnen GmbH, SunPower Corporation, Tesla Inc., Linde plc, Toshiba Corporation, TotalEnergies SE

Which are the Top Profitable Regional Markets for the Distributed Generation Industry?
Asia-Pacific was the largest region in the distributed generation market in 2024.North America is expected to be the fastest-growing region in the distributed generation market share during the forecast period. The regions covered in the distributed generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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