Global Industrial Distributed Energy Generation Market is segmented By Application (On-Grid, Off-Grid), By Technology (Fuel Cells, Solar PV, Wind, Gas Turbines, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
The Global Industrial Distributed Energy Generation Market is expected to grow at a CAGR of 13.60% during the forecast period (2024-2031).
Market Summary
|
Metrics |
Details |
|
Market CAGR |
13.60% |
|
Segments Covered |
By Application, By Technology and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
North America |
To Get a Free Sample Click here
Market Growth Trends
The following are the reasons causing the growth of the global industrial distributed energy generation market
- Increasing demand for electricity from different industrial applications,
- Increasing adoption of smart grid technologies in developing countries to improve efficiency and reliability and
- Rising economic growth globally
In addition, due to better power efficiency which reduces the power loss in transmission and distribution lines, distributed power generation is preferred over centralized power generation.
Market Segmentation Analysis
- The graph shows the Industrial energy consumption in 2011 and 2012 with a projection for 2040. In 2040, the industrial sector's renewable energy consumption will exceed 80 quadrillion British thermal units.
- The global Industrial Distributed Energy Generation market is segmented by application into On-Grid and Off-Grid. Based on Technology, the market has 5 segments namely Fuel Cells, Solar PV, Wind, Gas Turbines, and Others. Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and RoW.
Some leading players in Industrial Distributed Energy Generation are ABB, Siemens, GE, Alstom, and Mitsubishi Heavy Industries.
Recent developments in the market
- In Feb 2018, Cummins Inc. and NRG Energy of the US announced a strategic commercial partnership. They are planning to deploy a resilient, cleaner, and cost-effective distributed generation platform for commercial and industrial customers. This platform is the first-of-its-kind in the energy industry.
- In Jan 2018, Resource, a Lagos-based distributed energy provider expanded its power-as-a-service renewable energy business in Nigeria by raising USD 3.5 million in finance.
Scope of the Market Report
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
