Driving Distributed Solar Power Generation Market Growth in 2025: The Role of Driving Factors Behind The Growth Of Distributed Solar Power Generation Amid Rising Electricity Demand

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Distributed Solar Power Generation Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size of distributed solar power generation has shown robust growth. It is projected to escalate from $140.05 billion in 2024 to $151.48 billion in 2025, with an annual growth rate (CAGR) of 8.2%. The surge in growth during the historic period is due to factors such as government initiatives and policies, environmental cognizance, grid robustness and decentralization, decreased installation expenses, and energy sovereignty.

How Will the Distributed Solar Power Generation Market Size Evolve and Grow by 2029?
The market size for distributed solar power generation is projected to experience significant expansion in the coming years. It is forecasted to reach a value of $193.93 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. The anticipated growth during this period can be associated with progress in energy storage, integration with smart grids, burgeoning energy demand, and worldwide climate accords. Key trends expected during this forecast period encompass tech advancements, novel funding models, a heightened emphasis on energy equity, the integration of digitalization and IoT, and hybrid renewable energy systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/distributed-solar-power-generation-global-market-report

What Drivers Are Propelling the Growth of Distributed Solar Power Generation Market Forward?
The distributed solar power generation market is projected to grow significantly due to the increasing electricity demand and consumption. Factors like urbanization, industrialization, lifestyle transformations, and technological advancements contribute to escalating electricity use. Distributed solar power generation helps decrease grid electricity demands by producing power at the location, reducing the need for grid electricity when the sun is shining, and easing the pressure on utility infrastructure. For example, the Energy Institute (EI), a professional membership body for the energy sector based in the UK, noted in their report in June 2023 that there was a 2.3% increase in total global electricity production during 2022. Besides, there was a surge of 20.5 EJ in primary energy use in non-OECD (The Organization for Economic Co-operation and Development) nations from levels prior to the COVID-19 pandemic, with China's growth of 14.6 EJ representing 72% of the increase. Thus, the escalating demand for electricity is anticipated to fuel the growth of the distributed solar power generation market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14333&type=smp

Which Emerging Trends Are Transforming the Distributed Solar Power Generation Market in 2025?
In the distributed solar power generation market, leading companies like SOFARSOLAR Co., Ltd. strive to create cutting-edge products, including photovoltaic inverters, to increase performance, reliability, and integration. These advancements trigger the uptake of solar energy solutions globally. Such solutions augment the potential and efficiency of solar photovoltaic (PV) installations by validating that the electric power work is productively employed by electrical devices and supplied to the network. This was demonstrated in November 2023 when SOFARSOLAR, a producer and supplier of solar inverters from China, pioneered the PowerMega (350KTLX0). This 350 kW utility PV inverter was expressly intended for large scale projects in India and the world over. Rigorously designed for peak functionality in utility solar usage, the PowerMega, even under elevated temperatures of up to 50 degrees Celsius, has a top efficiency of 99.05%, setting an industry benchmark. It features high-current integration, simplified implementation, and smart safety mechanisms. Its 8*60 A multiple Maximum Power Point Trackers (MPPTs) can handle high-powered modules of 500Wp or more, thereby decreasing Levelized Cost of Electricity (LCOE) and optimizing returns for end-users.

What Are the Key Segments in the Distributed Solar Power Generation Market?
The distributed solar power generation market covered in this report is segmented -

1) By Technology: Concentrated Solar Power Systems, Photovoltaic Systems
2) By Solar Module: Polycrystalline, Amorphous Silicon Cells, Cadmium Telluride, Monocrystalline, Other Solar Modules
3) By End-User: Industrial, Residential, Commercial, Other End-Users

Subsegments:
1) By Concentrated Solar Power (CSP) Systems: Parabolic Trough Systems, Solar Power Towers, Dish Stirling Systems, Linear Fresnel Systems
2) By Photovoltaic (PV) Systems: Monocrystalline Silicon PV, Polycrystalline Silicon PV, Thin-Film PV, Organic Photovoltaic (OPV) Systems, Perovskite Solar Cells

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14333&type=smp

Who Are the Key Players Shaping the Distributed Solar Power Generation Market's Competitive Landscape?
Major companies operating in the distributed solar power generation market are TotalEnergies SE, Huawei Technologies Co. Ltd., Tesla Inc., General Electric Co., Siemens Energy AG, ABB Ltd., NextEra Energy Inc., Sharp Corporation, LONGi Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., JA Solar Holdings Co. Ltd., Canadian Solar Inc., Enel Green Power, Risen Energy Co. Ltd., Daqo New Energy Corp., Hanwha Q Cells Co. Ltd., Schneider Electric SE, SolarEdge Technologies Inc., First Solar Inc., Sunrun Inc., Enphase Energy Inc., Kyocera Corporation, SMA Solar Technology AG, SunPower Corporation, Suntech Power Holdings Co. Ltd., Vivint Solar Inc., Yingli Solar, Sharp Energy Solutions Corporation, SolarCity Corporation

What Geographic Markets Are Powering Growth in the Distributed Solar Power Generation Market?
Asia-Pacific was the largest region in the distributed solar power generation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed solar power generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14333

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.