The Europe Distributed Generation market garners substantial traction globally. The market growth attributes to substantial investments in fostering clean energy.
Besides, the increasing penetration of distributed energy resources (DERs) in order to manage distribution grids substantiates the market growth. Current challenges related to the distribution grid and rising electric utility needs escalate market growth.
According to Market Research Future (MRFR), the global Europe Distributed Generation market is expected to create an exponential valuation by 2030, growing at an impressive CAGR of 10.68% during the review period (2024–2030).
Substantial investments to provide clean energy services to residential, commercial, and government sectors drive the market growth. Rapidly proliferating renewable markets boost the market size further.
Additional factors bolstering the Europe Distributed Generation market growth include regulatory targets for renewable generation with minimal investment in network capacity and increasing network hosting capacity for DERs. The rising demand for efficient distributed energy resource management solutions positively impacts the market increase. Increasing uses of DERs like solar PV, wind, and hydropower influence the growth of the market.
Major Players
- General Electric Company
- Ansaldo Energia
- Bloom Energy
- Schneider Electric SE
- Caterpillar Inc.
- Siemens AG
- Mitsubishi Heavy Industries Ltd
- Fuel Cell Energy Inc
- Cummins Inc
- Bergey Windpower among others
The main drivers of growth in the Europe Distributed Generation market are:
Growing awareness of clean energy resources: The increased demand for Europe Distributed Generation due to environmental advantages and the competitive cost compared to traditional energy generation is driving the market growth
Government policies and greenhouse gas emission reduction targets: Increased government policies and greenhouse gas emission reduction targets drive the growth of distributed energy generation (DEG) market. The benefits of renewable technology, such as energy security, resiliency, and carbon reductions, are also responsible for market growth across the world
Increasing demand for energy: The global market for Europe Distributed Generation is in the growth stage due to the increasing demand for power and supply not matching; power generation and demand
Europe Distributed Generation Market - Segments
The report is segmented into technology, application, end-use, and regions. The technology segment is segmented into geothermal, solar, wind, biogas, fuel cells, and others. Of these, solar technology holds the largest market share, mainly due to the less cost involved in setting up the system for commercial and residential uses. The application segment is segmented into on-grid and on-grid.
Of these, on-grid is the largest application segment, mainly due to the cost-efficiency and simple layout of these systems. The end-use segment is segmented into residential, industrial, and commercial. Among these, the commercial segment holds the largest market share. The segment is further estimated to register the highest CAGR during the forecast period.
Global Europe Distributed Generation Market - Regional Analysis
Europe dominates the global Europe Distributed Generation market, witnessing rising implementations of renewable sources of energy. Besides, rising geothermal plants in the region contribute to the Europe Distributed Generation market growth. Europe has over 100 geothermal stations installed, producing about 15 TWh of power each year. The installed capacity is expected to reach over 3 GWe by 2020.
Furthermore, factors increasing the region’s Europe Distributed Generation market size include government initiatives undertaken a proof-of-concept exercise where increasing numbers of DER management platforms are deployed to enhance DER capabilities for circuits.
North America stands second in the global Europe Distributed Generation market. The region also holds the largest share in the geothermal segment, with over 77 installed plants with 3,086 MW capacities. Additionally, the increasing adoption of renewable sources and rising energy consumption in the region create considerable market demand. Substantial investments in grid and transmission infrastructures boost the growth of the regional market.
The Europe Distributed Generation market in the Asia Pacific region is growing rapidly. APAC countries, such as India, Japan, and South Korea, are continually working to build a more sustainable, reliable, and affordable energy supply to combat climate change and rising electricity demand. This, as a result, increases the region’s Europe Distributed Generation market share, deploying improved gigawatt-peak of solar energy.
Global Europe Distributed Generation Market - Competitive Landscape
Highly competitive, the Europe Distributed Generation market appears to be fragmented due to the presence of several well-established industry players. These players initiate strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology launch to gain a larger competitive advantage.
Industry/Innovation/Related News:
April 21, 2021 ---- Opus One Solutions, a leading provider of DER solutions, announced receiving a contract by SP Group to implement its GridOS software to optimize its existing distributed energy in real-time and integrate more renewable energy into the grid.
With this deal, Opus would prepare Singapore for a renewable energy future for a low carbon economy using its GridOS platform. Opus One Solutions is a Global Cleantech 100 company providing DER planning, management, and transactive /flexibility software for energy markets.
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