Market Size of Distributed Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Distributed Power Generation Market Analysis
The distributed power generation market is expected to register a CAGR of more than 8% during the forecasted period.
COVID-19 negatively impacted the market in 2020. Currently, the market has reached pre-pandemic levels.
- Over the medium term, the increasing shift toward renewable distributed power generation, mainly distributed solar PV installation, owing to declining renewable power generation and system costs, coupled with supportive government policies worldwide.
- On the other hand, consumers tend to prefer grid power over off-grid power owing to the low initial investment and no space requirement to generate electricity. This is expected to hamper the growth of the distributed power generation market over the forecast period.
- Nevertheless, the growing environmental concerns, international mandates to curb carbon emissions, and conducive policies by the governments of several countries to install renewable energy sources provide an opportunity for the distribution power generation market.
- Asia-Pacific holds the largest market share and has witnessed increasing energy demand in countries such as China, India, and ASEAN member states. China has a widespread manufacturing sector, which creates a need for power for operations. Thus, distributed power generation is used in this region to supply uninterrupted power.
