Distributed Generation Market Summary
As per Market Research Future analysis, the Distributed Generation Market was valued at 65.63 USD Billion in 2023 and is projected to grow to 155.8 USD Billion by 2035, with a CAGR of 7.47% from 2025 to 2035. The market is driven by the rising demand for renewable energy sources, advancements in energy storage technology, and government incentives promoting decentralized energy systems.
Key Market Trends & Highlights
Key trends driving the Distributed Generation Market include:
- Rising demand for renewable energy sources, with solar power capacity increasing by over 700 gigawatts since 2010.
- Technological advancements in energy storage, with U.S. energy storage capacity quadrupling from 2018 to 2021.
- Government incentives, such as the U.S. Investment Tax Credit, contributing to over 60 gigawatts of installed solar power.
- Growing energy demand, with the International Energy Agency estimating a 30% increase in global energy consumption by 2040.
Market Size & Forecast
2023 Market Size | USD 65.63 Billion |
2024 Market Size | USD 70.53 Billion |
2035 Market Size | USD 155.8 Billion |
CAGR (2025-2035) | 7.47% |
Major Players
Key companies include RWE, NextEra Energy, EDF Renewables, Vestas, Orsted, Enel, Tesla, Schneider Electric, JinkoSolar, Canadian Solar, Honeywell, Brookfield Renewable Partners, Siemens, First Solar, General Electric.