Distributed Power Generation Systems Market Scope
Distributed generation, also known as distributed energy, or district/decentralized energy, is the generation and storage of electricity by a number of tiny, grid-connected or distribution system-connected devices. Coal-fired, gas-fired, and nuclear power plants, as well as hydroelectric dams and large-scale solar power plants, are all centralized and require electric energy to be transported over considerable distances. DER systems, on the other hand, are decentralized, modular, and more flexible technologies that are positioned close to the load they serve, even if their capacity is only 10 megawatts (MW). Hybrid power systems are defined as systems that have several generation and storage components.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Panasonic (Japan), Shanghai EverPower Technologies (China), Bloom Energy (United States), Ansaldo Energia (Italy), Siemens (Germany), Mitsubishi Heavy Industries (Japan), LG Fuel Cell Systems (United States), Ceres Power (United Kingdom), Wuxi Suntech Power (China) and Johnson Matthey Fuel Cells (United Kingdom) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Distributed Power Generation Systems market throughout the predicted period.
Panasonic (Japan), Shanghai EverPower Technologies (China), Bloom Energy (United States), Ansaldo Energia (Italy), Siemens (Germany), Mitsubishi Heavy Industries (Japan), LG Fuel Cell Systems (United States), Ceres Power (United Kingdom), Wuxi Suntech Power (China) and Johnson Matthey Fuel Cells (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are First Solar (United States), Capstone Turbine (United States), Aisin Seiki (Japan), Ballard Power Systems (Canada) and Doosan Fuel Cell (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Distributed Power Generation Systems market by Type , by Application (Residential, Commercial, Industrial and Others) and Region with country level break-up.
On the basis of geography, the market of Distributed Power Generation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023, Austrian technology engineering firm INNIO has acquired of Northeast-Western Energy Systems US-based power systems integrator and one of the leading distributors for Jenbacher solutions globally. This acquisition reflects INNIO’s growth strategy in the US aimed at building a nationwide offering for new installations and energy services across the continent.
In May 2022, Marubeni Corporation (hereinafter, “Marubeni”) has launched a demonstration project of a long-term power sales service of rooftop solar PV systems with battery energy systems.
Influencing Trend:
Development Of Renewable Energy Sector
Market Growth Drivers:
Power Shortages And Lack Of Access To Power Are Becoming More Prevalent
Challenges:
Technical Limitation Associated To Product
Restraints:
High Cost Of Installation And Maintenance Product
Opportunities:
Government Favorable Incentives, Technological Progress and Carbon Emission Control Is Becoming More Acceptable, And Users Are Becoming More Cognizant Of It
Key Target Audience
Distributed Power Generation System Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others