Global Distributed Energy Generation (DEG) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Distributed Energy Generation (DEG) Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global Distributed Energy Generation (DEG) market report has been segmented on the basis of technology, application, end-user, and region.
Distributed Energy Generation (DEG) Market: Overview
Distributed energy generation refers to small scale energy generation units which generate electricity with the help of renewable resources such as solar, wind, etc. to provide electricity during power outages. Implementation of DEG offers power reliability, reduction in cost of electricity and many other end user application benefits.
Distributed Energy Generation (DEG) Market: Dynamics
Increasing demand for distributed energy generation due to ability of conversion of conventional and unconventional resources into electricity, is expected to fuel growth of the target market over the forecast period. Rising concern related to global warming propels adoption of environment-friendly, clean, and free of harmful gases renewable energy resources worldwide, which expected to bolster demand for distributed energy generation systems and drives growth of the global market over the forecast period. The ease of usage, competitive cost, and variety of designs of distributed energy generation systems in renewable resources, are some of the other factors anticipated to boost demand for distributed energy generation systems and propel growth of the global market. In addition, favorable government policies in developing economies and various initiatives taken by the governments to reduce dependency on conventional energy generation and increasing promotional activities for renewable energy resources, are anticipated to propel the growth of the market. Technological advancement and intensive R&D activities, coupled with increasing sponsorship from the various governing authorities is expected to create a lucrative opportunity for the players in the global market in coming years.
Distributed Energy Generation (DEG) Market: Segment Analysis
On the basis of technology, combined heat and power (CHP) segment is expected to dominate the target market over the forecast period.
On the basis of application, the target market segmented into on-grid and off-grid. The off-grid segment registered a significant growth rate owing to increasing demand for energy in areas where grid connection network is poorly developed.
On the basis of end-use, commercial and industrial segment is estimated to hold major revenue share in the global market on account of reusability of the sources such as heat energy and industrial wastes.
Distributed Energy Generation (DEG) Market: Regional Analysis
The Asia Pacific distributed energy generation (DEG) market accounts for major share to the global market and is estimated to maintain its dominance over the forecast period. Increasing demand for electricity, significant investments and regulations in the energy sector along with increasing purchase power of people in emerging countries such as china, Korea, and India is expected to propel growth of the target market. Europe accounts for moderate revenue share in the global market and is expected to witness considerable growth in the upcoming period. Adoption of stringent regulations and attractive government schemes including feed-in tariff (FIT) and net metering are some of the major factors estimated to boost the target market in countries in the region.
North America contributes a significant revenue share to the target market. Government norms for green energy consumption is expected to contribute to growth of the DEG market.
Global Distributed Energy Generation (DEG) Market Segmentation:
Segmentation by Technology:
- Combined Heat and Power (CHP)
- Fuel Cells
- Reciprocating Engines
- Gas & Steam Turbines
- Wind Turbines
- Solar PV Cells
Segmentation by Application:
Segmentation by End-use:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Vestas Wind Systems A/S
- Capstone Turbine Corporation
- Caterpillar Power Plants
- Ballard Power Systems Inc.
- Doosan Fuel Cell America
- FuelCell Energy Inc.
- Rolls-Royce Power Systems AG
- Sharp Corporation
- Suzlon Energy Limited
- General Electric (GE)
- Siemens AG
- Toyota Turbine and Systems Inc.
- Enercon GMBH
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