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¼¼°èÀÇ ºÐ»êÇü ¿¡³ÊÁö ¹ßÀü(DEG) ½ÃÀå ¿¹Ãø(-2030³â) : ±â¼úº°, ÃÖÁ¾ »ç¿ëÀÚº°, Áö¿ªº° ºÐ¼®Distributed Energy Generation Market Forecasts to 2030 - Global Analysis By Technology, End User and By Geography |
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According to Stratistics MRC, the Global Distributed Energy Generation (DEG) Market is accounted for $386.62 billion in 2023 and is expected to reach $1105.95 billion by 2030 growing at a CAGR of 16.2% during the forecast period. Distributed energy generating systems may produce both renewable and non-renewable energy sources, offering a small-scale power generation alternative or complement to conventional electric power infrastructure. Due to dispersed generation, energy may be produced from a variety of sources, including the wind, sun, reciprocating engines, turbines, and biomass. A single building, such a house or business, can be powered by distributed generation. It can also be a component of a micro grid, like at a sizable industrial complex, military post, or university campus. When connected to the lower voltage distribution lines of the electric utility, distributed producing can enable the delivery of clean, dependable power to more users and decrease electricity losses along transmission and distribution lines.
According to the China Photovoltaic Industry Association, newly installed distributed solar power capacity climbed 125% year on year to nearly 19.65 million kilowatts in the first half, accounting for roughly two-thirds of China's total newly added solar power capacity.
Several states and municipal governments are prompting to advance laws to encourage increased deployment of renewable technologies due to the benefits of renewable technology, such as energy security, resiliency, and carbon reductions. Furthermore, DEG systems are more affordable than conventional power generation methods, and an increase in government regulations and greenhouse gas (GHG) emission reduction objectives, and increased R&D efforts for the creation of new technologies would fuel market expansion.
Distributed energy generation systems employ hazardous elements like lead or mercury and produce pollutants. Compared to centralized generation, distributed generating systems are subject to a varied combination of local, state, and federal rules, regulations, and markets. Many states and municipal governments are continually improving their policies to promote increased use of renewable technology while lowering emissions. To alleviate environmental worries, they establish stringent regulations. The market is restricted by these constraints.
Distributed generation is generated from renewable energy sources. The energy comes from natural sources or processes that are constantly replenished. Since they are not using any resources to generate energy, they produce clean energy. Additionally, DEG systems are less expensive than traditional power production techniques. The market for DEG systems is anticipated to increase as people become more aware of renewable energy sources. Therefore, it is anticipated that the desire for a clean source of energy combined with the product's low cost would positively impact market growth over the projected period.
The initial investment needed for the installation and integration of renewable energy technologies can be a barrier, especially for smaller companies or individuals. Additionally, grid integration and regulatory barriers pose challenges. The existing grid infrastructure may not be designed to accommodate distributed generation, requiring significant upgrades and investments. As a result, the high upfront costs associated with deploying DEG systems restrain the market's expansion.
The COVID-19 virus has spread to practically every nation on earth. Because numerous industries have stopped operating, the economy has suffered in several nations. The government has reduced the distributed energy generation subsidiaries. China, one of the major exporters of DEG products, has suffered a huge decline in its trading industry as a result of trade restrictions enacted in several regions of the nation. Because of the decline in subsidies, several large firms have stopped making new investments. However, it is projected that loosening of limitations, rising energy demand, and increased consumer awareness of green energy would aid in regaining the market.
The fuel cells segment is estimated to have a lucrative growth. Fuel cells produce mostly hot water and trace quantities of carbon dioxide, which considerably improves environmental quality while also drastically reducing emissions. Additionally, because of their modular form, fuel cells may be put at or near load centers, saving on the expansion of the transmission network. When compared to the conventional combustion-based technologies already used in many power plants, fuel cells provide a number of benefits. Moreover, fuel cells operate more effectively and have direct conversion rates of over 60% from the chemical energy in fuel to electrical energy. Fuel cells create minimal to no pollution in compared to combustion engines since they have fewer moving parts and operate in a similar manner.
The commercial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to raising business buildings. Commercial buildings consume more energy than residential buildings and are subject to a price structure that penalizes them during peak consumption hours, however distributed energy generating systems for corporate buildings can result in considerable utility cost reductions. Distributed solar PV placed at the customer's location has emerged as the most significant and rapidly expanding technology in recent years because of falling technological prices and supportive legislation. Customers are more willing to install further DER equipment or participate in utility energy saving initiatives after installing DER since they have more knowledge about their energy use.
Asia Pacific is projected to hold the largest market share during the forecast period owing to rising population coupled with rapid urbanization in countries, such as India, China, Indonesia, and Malaysia. The nation's metropolitan centers, especially in China, provide the majority of the country's needs. The market in China is being driven by the rising levels of disposable income in the nation. Growing environmental concerns, government policies encouraging solar panel installation and providing tax breaks, and technical developments reducing production costs and improving solar panel manufacturing efficiency.
Europe is projected to have the highest CAGR over the forecast period, owing to its strict government regulations. The majority of European product demand is accounted for by Germany and Italy. In Europe, demand for fuel cells is high due to their better energy efficiency. There is a huge demand for clean and green energy across Europe as a result of growing awareness of climate change and the negative impacts of carbon emissions. By 2030, GHG emissions must be cut by 40%, according to the European Commission. Rising residential construction, oil and gas production facilities, and other commercial uses are also boosting the region's market demand.
Some of the key players profiled in the Distributed Energy Generation (DEG) Market include: Mitsubishi Electric Corporation, Vestas Wind Systems A/S, Capstone Turbine Corporation, Carlyle Group Inc, Caterpillar, Ballard Power Systems Inc., Doosan Heavy Industries & Construction, Rolls-Royce PLC., Suzlon Energy Ltd., General Electric, Siemens, Schneider Electric, ENERCON GmbH, Sharp Corporation, First Solar and Toyota Turbine & Systems Inc.
In February 2023, Siemens has partnered with EnergyHub to expand its ecosystem of partners for its grid software business. The companies will interface their complementary solutions to empower utilities to move towards a holistic and scalable end-to-end next generation DER management solution. This partnership will enable utilities to reach net-zero by leveraging DERs as a non-wire alternative solution such as investments in hardware.
In November 2022, Carlyle invested USD 350 million in Aspen Power Partners LLC., a distributed generating platform with the aim of accelerating decarbonization. This investment supports Aspen's plan for expansion in community, multifamily, commercial & industrial solar, and storage sectors through organic and acquisition-driven growth.
In November 2022, Schneider Electric, the leader in the digital transformation of energy management and automation, announced several new technologies that solve pressing challenges in renewable power generation, grid operation and equipment, and legacy fuels at Enlit 2022 in Frankfurt, Germany.
In May 2022, GE announced the launch of Lifespan, a new digital product portfolio enabling customers to optimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with operators to drive improved operations.
In August 2021, Mitsubishi Electric Corporation announced, together with its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI), that it has entered into an agreement to acquire UK-based Smarter Grid Solutions (SGS). SGS is a leading global provider of distributed energy resources (DER) management software for power distribution utilities and DER operators.