Market Overview:
The global distributed power generation systems market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for distributed power generation systems across the globe, owing to the rising concerns over energy security and climate change. In addition, government initiatives and regulations supporting the deployment of distributed power generation systems are also contributing to market growth. Based on type, solar photovoltaic (PV) is expected to be the fastest-growing segment in the global distributed power generation systems market during the forecast period. This can be attributed to declining costs of solar PV installations as well as government incentives and subsidies for deploying solar PV systems.
Product Definition:
Distributed power generation systems (DPGS) are electrical power generating systems that consist of a number of small generators located close to the load they serve. Importance: -They can help reduce the amount of losses in the transmission and distribution system, since the generators are close to where the electricity is used.
-They can also provide backup power during outages.
Solar Photovoltaic (PV):
Solar photovoltaic is a technology that uses the sun's energy to generate electricity. The PV cells make use of semiconductor materials such as silicon wafers, which are used to capture solar energy and convert it into electrical energy. Photovoltaics can be either installed on roofs or in fields, depending upon the location and demand for power.
Combines Heat and Power (CHP):
CHP is the heat and power process used to generate electricity in a distributed power generation system. The main purpose of CHP is to reduce the fuel consumption and carbon dioxide emissions, by using the waste heat from one or more combustion processes for producing electrical energy. In most cases, it may be used as an efficient alternative for conventional central station power plants that are limited by their capacity factors to produce additional electricity when demand exceeds supply.
Application Insights:
The distributed power generation systems market is categorized on the basis of application into residential, commercial, and industrial. The residential segment accounted for a major share in 2016 owing to rising demand for energy-efficient products and services. Distributed power generation systems are widely used in the residential sector as they provide an efficient solution to produce electricity without the need for an external source of energy or fossil fuels.
The commercial segment is expected to witness significant growth over the forecast period due to increasing demand from small scale industrial units, data centers, educational institutions and healthcare facilities. Increasing number of hospitals across developing countries such as India and China on account of improving health standards has increased product demand there significantly over the past few years. Increasing product penetration in large scale solar PV installations coupled with favorable government policies will drive industry growth over next seven years particularly in Asia Pacific region which was previously dominated by North America region due to presence of prominent players there including SunEdison Inc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid adoption of distributed power generation systems across several industries, especially in developing countries such as China and India. Factors such as increasing electricity demand-supply gap, fluctuating renewable energy prices, rising environmental concerns are driving industry growth across Asia Pacific region.
The Middle East & Africa is anticipated to witness significant growth over the next eight years owing to growing industrialization coupled with government support for clean energy initiatives. For instance; Saudi Arabia has set an ambitious target of generating 10% of its total power from solar by 2030 which will be a part of Vision 2030 plan for economic diversification and social modernization initiated by King Abdullah bin Abdulaziz Al Saud (KSA). Such initiatives are expected to drive regional market growth during the forecast period.
Growth Factors:
- Increasing demand for distributed power generation systems due to the unreliable grid infrastructure and the need for backup power
- Favorable government policies and regulations for promoting the use of renewable energy sources, which is expected to drive the growth of distributed power generation systems market
- Growing investments in smart grid technologies that would help in better management and utilization of distributed power generation systems
- Rising concerns over climate change and air pollution, which is expected to boost demand for distributed renewable energy sources across the globe
- Proliferation of microgrid technology that would enable efficient distribution of electricity among small groups or communities
Scope Of The Report
Report Attributes
Report Details
Report Title
Distributed Power Generation Systems Market Research Report
By Type
Solar Photovoltaic (PV), Combines Heat and Power (CHP), Fuel Cells, Micro Turbines, Wind
By Application
Residential, Commercial, Industrial, Others
By Companies
Ballard Power Systems, Bloom Energy, Capstone Turbine, First Solar, Ansaldo Energia, LG Fuel Cell Systems, GE, Aisin Seiki, Siemens, Panasonic, Toshiba, Ceres Power, Delphi, Doosan Fuel Cell, Johnson Matthey Fuel Cells, Mitsubishi Heavy Industries, Neah Power Systems, Shanghai EverPower Technologies, Wuxi Suntech Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Distributed Power Generation Systems Market Report Segments:
The global Distributed Power Generation Systems market is segmented on the basis of:
Types
Solar Photovoltaic (PV), Combines Heat and Power (CHP), Fuel Cells, Micro Turbines, Wind
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ballard Power Systems
- Bloom Energy
- Capstone Turbine
- First Solar
- Ansaldo Energia
- LG Fuel Cell Systems
- GE
- Aisin Seiki
- Siemens
- Panasonic
- Toshiba
- Ceres Power
- Delphi
- Doosan Fuel Cell
- Johnson Matthey Fuel Cells
- Mitsubishi Heavy Industries
- Neah Power Systems
- Shanghai EverPower Technologies
- Wuxi Suntech Power
Highlights of The Distributed Power Generation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solar Photovoltaic (PV)
- Combines Heat and Power (CHP)
- Fuel Cells
- Micro Turbines
- Wind
- By Application:
- Residential
- Commercial
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Distributed Power Generation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Distributed power generation systems (DPGS) are a type of renewable energy system that uses multiple generators to produce electricity. These systems can be used to generate electricity on-site, or they can be connected to the grid and sold back into the grid. DPGS are often more cost effective than traditional fossil fuel-based power plants, and they have the potential to help reduce greenhouse gas emissions.
Some of the major companies in the distributed power generation systems market are Ballard Power Systems, Bloom Energy, Capstone Turbine, First Solar, Ansaldo Energia, LG Fuel Cell Systems, GE, Aisin Seiki, Siemens, Panasonic, Toshiba, Ceres Power, Delphi, Doosan Fuel Cell, Johnson Matthey Fuel Cells, Mitsubishi Heavy Industries, Neah Power Systems, Shanghai EverPower Technologies, Wuxi Suntech Power.
The distributed power generation systems market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distributed Power Generation Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Distributed Power Generation Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Distributed Power Generation Systems Market - Supply Chain
4.5. Global Distributed Power Generation Systems Market Forecast
4.5.1. Distributed Power Generation Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Distributed Power Generation Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Distributed Power Generation Systems Market Absolute $ Opportunity
5. Global Distributed Power Generation Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Distributed Power Generation Systems Market Size and Volume Forecast by Type
5.3.1. Solar Photovoltaic (PV)
5.3.2. Combines Heat and Power (CHP)
5.3.3. Fuel Cells
5.3.4. Micro Turbines
5.3.5. Wind
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Distributed Power Generation Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Distributed Power Generation Systems Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Distributed Power Generation Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Distributed Power Generation Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Distributed Power Generation Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Distributed Power Generation Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Distributed Power Generation Systems Demand Share Forecast, 2019-2026
9. North America Distributed Power Generation Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Distributed Power Generation Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Distributed Power Generation Systems Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Distributed Power Generation Systems Market Size and Volume Forecast by Type
9.7.1. Solar Photovoltaic (PV)
9.7.2. Combines Heat and Power (CHP)
9.7.3. Fuel Cells
9.7.4. Micro Turbines
9.7.5. Wind
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Distributed Power Generation Systems Demand Share Forecast, 2019-2026
10. Latin America Distributed Power Generation Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Distributed Power Generation Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Distributed Power Generation Systems Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Distributed Power Generation Systems Market Size and Volume Forecast by Type
10.7.1. Solar Photovoltaic (PV)
10.7.2. Combines Heat and Power (CHP)
10.7.3. Fuel Cells
10.7.4. Micro Turbines
10.7.5. Wind
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Distributed Power Generation Systems Demand Share Forecast, 2019-2026
11. Europe Distributed Power Generation Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Distributed Power Generation Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Distributed Power Generation Systems Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Distributed Power Generation Systems Market Size and Volume Forecast by Type
11.7.1. Solar Photovoltaic (PV)
11.7.2. Combines Heat and Power (CHP)
11.7.3. Fuel Cells
11.7.4. Micro Turbines
11.7.5. Wind
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Distributed Power Generation Systems Demand Share, 2019-2026
12. Asia Pacific Distributed Power Generation Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Distributed Power Generation Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Distributed Power Generation Systems Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Distributed Power Generation Systems Market Size and Volume Forecast by Type
12.7.1. Solar Photovoltaic (PV)
12.7.2. Combines Heat and Power (CHP)
12.7.3. Fuel Cells
12.7.4. Micro Turbines
12.7.5. Wind
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Distributed Power Generation Systems Demand Share, 2019-2026
13. Middle East & Africa Distributed Power Generation Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Distributed Power Generation Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Distributed Power Generation Systems Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Distributed Power Generation Systems Market Size and Volume Forecast by Type
13.7.1. Solar Photovoltaic (PV)
13.7.2. Combines Heat and Power (CHP)
13.7.3. Fuel Cells
13.7.4. Micro Turbines
13.7.5. Wind
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Distributed Power Generation Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Distributed Power Generation Systems Market: Market Share Analysis
14.2. Distributed Power Generation Systems Distributors and Customers
14.3. Distributed Power Generation Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ballard Power Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bloom Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Capstone Turbine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. First Solar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ansaldo Energia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG Fuel Cell Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aisin Seiki
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Panasonic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Toshiba
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ceres Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Delphi
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Doosan Fuel Cell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Johnson Matthey Fuel Cells
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mitsubishi Heavy Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Neah Power Systems
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shanghai EverPower Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Wuxi Suntech Power
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
