Global Distributed Energy Resources (DERs) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Distributed Energy Resources (DERs) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Distributed Energy Resources (DERs) is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices. DERs can be various types of small-scale renewable energy-producing devices, such as solar panels, wind turbines, batteries, biogas, and others. DERs can reduce energy waste, increase grid resilience, increase energy use efficiency, and reduce carbon emissions due to the integration of renewable energy.

Market Overview:

The latest research study on the global Distributed Energy Resources (DERs) market finds that the global Distributed Energy Resources (DERs) market reached a value of USD 52189.99 million in 2022. It’s expected that the market will achieve USD 98809.07 million by 2028, exhibiting a CAGR of 11.22% during the forecast period.

The epidemic has also affected the distributed energy resources (DERs) industry, with rising raw material prices, supply chain disruptions, restrictions on project layout and implementation, and short-term demand impacts. In the long run, with the weakening of the impact of the epidemic, the recovery of production and life, and the implementation of carbon neutrality goals in various countries, the distributed energy resources (DERs) market with advantages of cost saving, energy saving and emission reduction, and multi-energy complementary advantages has broad prospects.

1 Drivers

1.1 Distributed energy resources (DERs) have the advantages of cost saving, energy saving and emission reduction, and multi-energy complementarity.
1.2 The development goal of carbon neutrality and national policy support will promote the development of distributed energy resources (DERs)

2 Challenges

2.1 Distributed energy resources (DERs) will challenge existing energy supply infrastructure.
2.2 Synergies and technologies for distributed energy resources (DERs) need to be continuously improved

3 Emerging Market Trends

With the economic development of emerging economies, the process of urbanization and industrialization is accelerating, and the demand for energy is increasing. At the same time, under the goal of carbon neutrality, distributed energy resources (DERs) have become an important development strategy, and emerging markets have great potential.

Region Overview:

United States was the largest revenue market with a market share of 30.79% in 2017 and 26.84% in 2022, a decrease of 3.95%.

Company Overview:

Longi is a global solar technology company providing innovative green energy solutions to customers in the industrial, commercial and residential markets.
The industry concentrate rate is relativity low. The market share of the top three companies in 2021 was 19.88%. The top three companies are LONGi, JA Solar and Trina Solar, with the revenue market share of 8.94%, 5.55% and 5.39% in 2021.

Segmentation Overview:

Wind DERs
Distributed wind power refers to a distributed energy resources system that uses wind generators as distributed power sources to convert wind energy into electrical energy. It is a small, modular, decentralized, efficient and reliable power generation mode that is arranged near users.
PV DERs
Photovoltaics, the important solar technology for distributed generation of solar power, uses solar cells assembled into solar panels to convert sunlight into electricity. As most renewable energy sources and unlike coal and nuclear, solar PV is variable and non-dispatchable, but has no fuel costs, operating pollution, as well as greatly reduced mining-safety and operating-safety issues.
Among different product types, PV DERs segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Distributed energy resources (DERs) can be divided into commercial, residential and others according to application scenarios. Commercial mainly provides small modularized and distributed energy for commercial projects, such as hospitals, shopping malls, etc.; residential mainly provides distributed energy for residents' houses.
By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Distributed Energy Resources (DERs) market covered in Chapter 3:

Hanwha Q CELLS
First Solar
Siemens
Trina Solar
LONGi
Schneider Electric
Goldwind
JA Solar
JinkoSolar
General Electric
Sunverge Energy
Canadian Solar
Smarter Grid Solutions
Envision
Vestas
Caterpiller

In Chapter 4 and Chapter 14.2, on the basis of types, the Distributed Energy Resources (DERs) market from 2018 to 2029 is primarily split into:

Wind DERs
PV DERs
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Distributed Energy Resources (DERs) market from 2018 to 2029 covers:

Commercial
Residential
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)