Distributed Solar Power Generation Market by Type and Geography - Forecast and Analysis 2022-2026
- Published: Oct 2022
- Pages: 139
- SKU: IRTNTR40197
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The distributed solar power generation market share is expected to increase by USD 67.52 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 19.25%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by type (commercial and industrial, residential, and off-grid) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).
The market report also offers information on several market vendors, including AUXIN SOLAR Inc., Canadian Solar Inc., E Solar, Enphase Energy Inc., Freedom Solar LLC, General Electric Co, Hanwha Corp., LG Corp., Panasonic Holdings Corp., Schneider Electric SE, Sharp Corp., Silfab Solar Inc., Solar Panels Plus LLC, Sungevity Inc., Sunnova Energy International Inc., Sunrun Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., and Trinity Heating & Air Inc among others.
lgcorp.com - The company offers distributed solar power generation such as Neon H series panel and Neon R series panel. Under the petrochemicals segment, the company offers ABS, PC, PE, Synthetic rubber, special resin, propylene, ethylene and others.
What will the Distributed Solar Power Generation Market Size be During the Forecast Period?
Get the Distributed Solar Power Generation Market Size Forecast by Downloading the Report Sample
Parent Market Analysis
Technavio categorizes the global distributed solar power generation market as a part of the global renewable electricity market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Distributed Solar Power Generation Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Distributed Solar Power Generation Market Driver
- Increasing investments in renewable energy are one of the factors driving the market growth.
- Improvement in energy efficiency played a vital role in balancing energy supply and demand.
- The competitive cost of producing electricity and low carbon emissions from renewable sources has led to an increase in investments in renewable energy projects across the world.
- Several countries in Europe, such as Norway, Iceland, and Sweden, rely on renewable sources for more than half of their total annual power demand due to the implementation of stringent emission norms. Thus, the increased focus on renewable energy sources is increasing investments in the renewable energy industry, which will drive the growth of the market during the forecast period.
Key Distributed Solar Power Generation Market Trend
- Increasing adoption of microgrids is one of the key market trends fueling market growth.
- Microgrids can operate independently or collaboratively with other small power grids. If the microgrid is integrated with the main power grid, it is referred to as a hybrid microgrid.
- Power grids are not always stable. In some areas where there are frequent power outages due to relatively unstable power grids, microgrids play a crucial role in preventing power outages. Such factors will increase the adoption of microgrids and thereby fuel market growth during the forecast period.
Key Distributed Solar Power Generation Market Challenge
- Challenges associated with solar PV system components are one of the factors challenging the market growth. In solar PV systems, several components such as solar PV modules and inverters are prone to failures. Such failures lead to the downtime of PV systems and can significantly affect power generation using solar PV systems.
- Solar PV modules are often exposed to harsh and challenging climatic conditions. Moreover, the performance of solar PV modules is based on the quality of the components used.
- Several of these components are subject to failure due to factors such as poor durability, use of low-quality materials, and external damage. Such factors are anticipated to challenge the market growth during the forecasted period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Distributed Solar Power Generation Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the distributed solar power generation market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Distributed Solar Power Generation Market?
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55% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for distributed solar power generation in APAC. Market growth in this region will be slower than the growth of the market in Europe.
The significant growth of the market in APAC is mainly attributed to renewable energy targets and financial incentive programs such as FiTs in China and Japan. Initiatives taken by many countries in the region to reduce the dependence on fossil fuels are driving the growth of the market in APAC. This will facilitate the market's growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Type Segment in the Distributed Solar Power Generation Market?
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The market share growth in the commercial and industrial segment will be significant during the forecast period. The commercial and industrial segment was the dominant distributed solar PV installation type in 2019. The primary factor for the high adoption of distributed solar PV systems in the commercial and industrial sectors is the inexpensive nature of solar PV systems over other alternative renewable technologies such as wind energy and fuel cells. Additionally, these distributed solar PV systems have a stable load profile for power generation during the daytime, thus leading to significant savings on electricity bills for end-users, depending on the policy schemes available.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Distributed Solar Power Generation Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
139 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 19.25% |
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Market growth 2022-2026 |
USD 67.52 billion |
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Market structure |
Fragmented |
|
YoY growth (%) |
9.7 |
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Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
|
Performing market contribution |
APAC at 55% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
AUXIN SOLAR Inc., Canadian Solar Inc., E Solar, Enphase Energy Inc., Freedom Solar LLC, General Electric Co, Hanwha Corp., LG Corp., Panasonic Holdings Corp., Schneider Electric SE, Sharp Corp., Silfab Solar Inc., Solar Panels Plus LLC, Sungevity Inc., Sunnova Energy International Inc., Sunrun Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., and Trinity Heating & Air Inc |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Distributed Solar Power Generation Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the distributed solar power generation industry across APAC, Europe, North America, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Commercial and industrial - Market size and forecast 2021-2026
- Exhibit 28: Chart on Commercial and industrial - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Commercial and industrial - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Commercial and industrial - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Commercial and industrial - Year-over-year growth 2021-2026 (%)
- 5.4 Residential - Market size and forecast 2021-2026
- Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
- 5.5 Off-grid - Market size and forecast 2021-2026
- Exhibit 36: Chart on Off-grid - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Off-grid - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Off-grid - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Off-grid - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.10 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Hanwha Corp.
- Exhibit 93: Hanwha Corp. - Overview
- Exhibit 94: Hanwha Corp. - Product / Service
- Exhibit 95: Hanwha Corp. - Key news
- Exhibit 96: Hanwha Corp. - Key offerings
- 10.4 LG Corp.
- Exhibit 97: LG Corp. - Overview
- Exhibit 98: LG Corp. - Business segments
- Exhibit 99: LG Corp. - Key offerings
- Exhibit 100: LG Corp. - Segment focus
- 10.5 Panasonic Holdings Corp.
- Exhibit 101: Panasonic Holdings Corp. - Overview
- Exhibit 102: Panasonic Holdings Corp. - Business segments
- Exhibit 103: Panasonic Holdings Corp. - Key news
- Exhibit 104: Panasonic Holdings Corp. - Key offerings
- Exhibit 105: Panasonic Holdings Corp. - Segment focus
- 10.6 Sungevity Inc.
- Exhibit 106: Sungevity Inc. - Overview
- Exhibit 107: Sungevity Inc. - Product / Service
- Exhibit 108: Sungevity Inc. - Key offerings
- 10.7 Sunnova Energy International Inc.
- Exhibit 109: Sunnova Energy International Inc. - Overview
- Exhibit 110: Sunnova Energy International Inc. - Business segments
- Exhibit 111: Sunnova Energy International Inc. - Key news
- Exhibit 112: Sunnova Energy International Inc. - Key offerings
- Exhibit 113: Sunnova Energy International Inc. - Segment focus
- 10.8 Sunrun Inc.
- Exhibit 114: Sunrun Inc. - Overview
- Exhibit 115: Sunrun Inc. - Business segments
- Exhibit 116: Sunrun Inc. - Key offerings
- Exhibit 117: Sunrun Inc. - Segment focus
- 10.9 Tesla Inc.
- Exhibit 118: Tesla Inc. - Overview
- Exhibit 119: Tesla Inc. - Business segments
- Exhibit 120: Tesla Inc. - Key offerings
- Exhibit 121: Tesla Inc. - Segment focus
- 10.10 TotalEnergies SE
- Exhibit 122: TotalEnergies SE - Overview
- Exhibit 123: TotalEnergies SE - Business segments
- Exhibit 124: TotalEnergies SE - Key news
- Exhibit 125: TotalEnergies SE - Key offerings
- Exhibit 126: TotalEnergies SE - Segment focus
- 10.11 Trina Solar Co. Ltd.
- Exhibit 127: Trina Solar Co. Ltd. - Overview
- Exhibit 128: Trina Solar Co. Ltd. - Business segments
- Exhibit 129: Trina Solar Co. Ltd. - Key offerings
- Exhibit 130: Trina Solar Co. Ltd. - Segment focus
- 10.12 Trinity Heating and Air Inc
- Exhibit 131: Trinity Heating and Air Inc - Overview
- Exhibit 132: Trinity Heating and Air Inc - Product / Service
- Exhibit 133: Trinity Heating and Air Inc - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 11.5 List of abbreviations
- Exhibit 140: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- Japan
- India
- Germany
- Increasing investments in renewable energy
- Increasing adoption of microgrids
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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