Solar PV distributed Energy Generation Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Solar PV Distributed Energy Generation Market is segmented By Application (On-Grid, Off-Grid), By End-User (Industrial, Commercial, Residential), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Solar PV Distributed Energy Generation Market Overview

The Global Solar PV distributed Energy Generation Market is expected to grow at a high CAGR during the forecasting period (2024-2031).

• Distributed solar PV is capable of generating power during peak demand time (around noon) and has low transmission losses of power.
• The Global Solar PV Distributed Energy Generation market is proliferating due to several factors such as increasing demand for Solar PV from different end-user applications to improve efficiency.
• Also, due to better power efficiency which reduces the power loss in transmission and distribution lines, distributed solar PV power generation is preferred.
• The graph shows the global demand for Solar PV Power from 2007 to 2022. In 2016, solar PV demand is expected to total 78 gigawatts worldwide. The United States has implemented taxes on solar products from China and Taiwan, which has initiated trade disputes across the world.\

Solar PV Distributed Energy Generation Market Scope

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Solar PV Distributed Energy Generation Market Segmentation Analysis

• The global Solar PV Distributed Energy Generation market is segmented by End-User into Industrial, Residential, Commercial, and Others. Further by application, the market is segmented into On-Grid and Off-Grid. Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and RoW.
• By application, the On-grid segment of the globally distributed power generation market is leading due to smart and improvised grid systems compared to Off-grid. Power trading is more feasible with proper load balance in on-grid power generation systems. Hence the market is increasing.

Global Solar PV Distributed Energy Generation Market Geographical Share

• The graph shows the world's largest solar photovoltaic (PV) power plants as of May 2016. The Solar Start Projects (US) have an installed capacity of approx.579 Megawatts.
• Some leading players in Solar PV Distributed Energy Generation are ABB, Siemens, Alstom, The AES Corporation, and Mitsubishi Heavy Industries.

Solar PV Distributed Energy Generation Market Recent Developments

• In Mar 2018, Colombia's Energy and Gas Regulatory Commission, CREG approved the Resolution CREG which regulates distributed solar generation (up to 100 kW) and distributed generation from renewable sources (between 100 kW and 1 MW).
• In Mar 2018, InSync Energy Systems, a major developer of innovative distributed energy resources (DERs), announced an expansion of the photovoltaic system which doubles the capacity of the photovoltaic (PV) system to 660 kilowatts (kW), making it the largest solar installation in downtown Honolulu upon completion.
• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
• The report profiles the following companies, which includes ABB, Siemens, Alstom, The AES Corporation, Wood Group, Wartsila, Caterpillar Inc., Mitsubishi Heavy Industries Ltd, Bloom Energy, Ansaldo Energia SpA, Cummins Inc., Schneider Electric SE, Capstone Turbine Corporation (CPST), Fuelcell Energy, Inc., and Flexenergy.