Global Distributed Energy Generation(DEG) Market Outlook to 2028

Global Distributed Energy Generation(DEG) Market Outlook to 2028

The favorable government policies for adopting clean energy technologies, declining costs of PV, wind power, and battery storage technologies are some of the few factors driving the distributed generation market growth.

Distributed generation is a fast-growing feature of modern electricity systems. It is transforming the traditional centralized grid. There has been significant growth in the distributed generation units, predominantly solar PV, due to commercially developed and mature technology. The rapid adoption of rooftop solar PV in several countries like the US, Australia, and India has set the growth of the distributed generation market in the near future. For instance, according to a Q1 2020 solar report from the Australian Energy Council, nearly 2.38 million solar systems have been installed across the country. More than 56,000 rooftop installations were registered in the first three months of 2020, with 408 megawatts (MW) of newly installed capacity.

Several partnerships and joint ventures are seen between companies in order to capture the strong growing market. ​For instance, in October 2020, Macquarie’s Green Investment Group (GIG), Siemens’ Smart Infrastructure (SI), and Financial Services (SFS) groups announced the formation of Calibrant Energy (Calibrant). This joint venture offers comprehensive onsite Energy-as-a-Service (EaaS) solutions at no up-front cost for its customers, including corporate and industrial clients, as well as municipalities, universities, schools, and hospitals.

This market research report provides an overview of the competitive landscape for the Distributed Generation. Also, the study comprehensively analyses the Distributed Generations market by segmenting it based on technology (Solar PV, Wind Turbine, Combined Heat and Power (CHP), and Others), end-users (residential, commercial, and industrial), and geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa).

The report also addresses present and future market opportunities, market trends, developments, new product launches, region, and segments poised for the fastest growth, competitive landscape, and impact of Covid-19 on the Distributed Generation market. Further, Distributed Generation market size, demand forecast, and growth rates will also be provided in the report.
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