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Renewable Distributed Energy Generation (RDEG) Technologies Market by Technology and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 141
  • SKU: IRTNTR73568
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The renewable distributed energy generation (RDEG) technologies market share is estimated to increase to USD 146.56 billion from 2021 to 2026 at an accelerating CAGR of 11.14%.

This renewable distributed energy generation (RDEG) technologies market research report extensively covers market segmentations by the following:

  • Technology - Solar PV and others
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

The renewable distributed energy generation (RDEG) technologies market report offers information on several market vendors, including ABB Ltd., Andritz AG, Ballard Power Systems Inc., Bergey Wind Power Co., Bloom Energy Corp., Canadian Solar Inc., Caterpillar Inc., City Windmills Ltd., Doosan Corp., E.ON SE, Envision Energy USA Ltd., First Solar Inc., FuelCell Energy Inc., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kingspan Group Plc, Northern Power Systems Srl, Reliance Industries Ltd., and Siemens AG among others. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Renewable Distributed Energy Generation (RDEG) Technologies Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Renewable Distributed Energy Generation (RDEG) Technologies Market Size for the Forecast Period and Other Important Statistics

 

Renewable Distributed Energy Generation (RDEG) Technologies Market: Key Drivers, Trends, and Challenges

The rising electricity demand and high cost of grid expansion is notably driving the renewable distributed energy generation (RDEG) technologies market growth, although factors such as intermittency and low efficiency of solar PV systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the renewable distributed energy generation (RDEG) technologies industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Renewable Distributed Energy Generation (RDEG) Technologies Market Driver

The rising electricity demand and high cost of grid expansion is one of the key drivers supporting the renewable distributed energy generation (RDEG) technologies market growth. Gradually, electricity is becoming accessible to most people worldwide. The global count of people with access to electricity is above one billion for the first time in history. Furthermore, the increase in access to electricity is driving the consumption of electricity globally and, in turn, augmenting its demand. However, there are many more villages and remote areas across the world that are yet to be electrified. On the other hand, the electrification of rural areas requires the power grid to be extended. This grid extension is a costly process, and the cost varies, based on the distance of the community from the main grid, the population density, and several other factors. Therefore, the rise in demand for electricity and the high cost of grid extension is spurring the installation of RDEG systems, which will drive the global RDEG technologies market during the forecast period.

Key Renewable Distributed Energy Generation (RDEG) Technologies Market Trend

Microgrids for protection against cybersecurity attacks is one of the key RDEG technologies market trends fueling the market growth. Microgrids require energy storage systems to store power in order to make them functional even when conventional resources are not available. For instance, in the event of a cyber-attack on the grid, a microgrid can isolate itself and function indefinitely if it has access to solar or wind power, thereby allowing it to generate and store electricity during the day, which can be utilized during outages. Moreover, as microgrids have a limited reach, the impact of the damage caused by cyber-attacks is lower than on main grids, which makes them less vulnerable to attackers. This ability of microgrids to resist cyber-attacks increases the adoption of microgrids, which, in turn, will drive the growth of the global RDEG technologies market during the forecast period.

Key Renewable Distributed Energy Generation (RDEG) Technologies Market Challenge

Intermittency and low efficiency of solar PV systems is one of the factors hindering the renewable distributed energy generation technologies market growth. Solar PV output is intermittent and depends on several factors such as panel efficiency, the degree of shade, and solar irradiation, which varies over the whole day. The intermittent nature of solar energy affects the output of solar panels. Sometimes, the systems generate too much electricity, while at other times, it is not enough. Thus, it is not viable to have a power system that is completely reliant on solar power. Apart from their intermittency, solar panels also have poor conversion efficiency. For instance, only 15% of the sunlight that falls on the solar panel is converted into electric power. Thus, the low conversion rate could affect the adoption of solar power systems adversely and, in turn, have a negative impact on the growth of the global renewable distributed energy technologies market.

This renewable distributed energy generation (RDEG) technologies 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.

Who are the Major Renewable Distributed Energy Generation (RDEG) Technologies Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Andritz AG
  • Ballard Power Systems Inc.
  • Bergey Wind Power Co.
  • Bloom Energy Corp.
  • Canadian Solar Inc.
  • Caterpillar Inc.
  • City Windmills Ltd.
  • Doosan Corp.
  • E.ON SE
  • Envision Energy USA Ltd.
  • First Solar Inc.
  • FuelCell Energy Inc.
  • Huawei Technologies Co. Ltd.
  • JA Solar Technology Co. Ltd.
  • JinkoSolar Holding Co. Ltd.
  • Kingspan Group Plc
  • Northern Power Systems Srl
  • Reliance Industries Ltd.
  • Siemens AG

 

This statistical study of the renewable distributed energy generation (RDEG) technologies market encompasses successful business strategies deployed by the key vendors. The renewable distributed energy generation (RDEG) technologies market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • New.abb.com - The company offers renewable distributed energy generation technologies such as 4 pole contactors for power switching, Enclosures, and Power supplies.
  • Andritz.com - The company offers renewable distributed energy generation technologies such as Biomass boilers, Gasifiers, and Hydropower plants.
  • Ballard.com - The company offers renewable distributed energy generation technologies such as Megawatt Scale with Hydrogen fuel cells.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The renewable distributed energy generation (RDEG) technologies market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Renewable Distributed Energy Generation (RDEG) Technologies Market?

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57% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the renewable distributed energy generation (RDEG) technologies in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The lack of reliable grid infrastructure will facilitate the renewable distributed energy generation (RDEG) technologies market 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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hindered the growth of the RDEG technologies market in 2020. However, due to the ramping up of vaccination programs in the region in 2021, the regional market demand further grew in 2021. Thus, the demand for RDEG technologies is expected to grow during the forecast period and thereby driving the RDEG market growth.

What are the Revenue-generating Technology Segments in the Renewable Distributed Energy Generation (RDEG) Technologies Market?

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The renewable distributed energy generation (RDEG) technologies market share growth by the solar PV segment will be significant during the forecast period. Unreliable power infrastructure and growing environmental concerns have led to the implementation of solar PV systems globally. The benefits of distributed solar PV systems are that they help in reducing the load on grid-connected power generation, transmission, and distribution facilities and are cost-effective and economical. These benefits will drive the market growth through this segment in the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the renewable distributed energy generation (RDEG) technologies market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global renewable distributed energy generation (RDEG) technologies market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the renewable distributed energy generation (RDEG) technologies market during the forecast period.

Renewable Distributed Energy Generation (RDEG) Technologies Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the renewable distributed energy generation (RDEG) technologies market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Renewable Distributed Energy Generation (RDEG) Technologies Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.14%

Market growth 2022-2026

$ 146.56 billion

Market structure

Fragmented

YoY growth (%)

10.45

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 57%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Andritz AG, Ballard Power Systems Inc., Bergey Wind Power Co., Bloom Energy Corp., Canadian Solar Inc., Caterpillar Inc., City Windmills Ltd., Doosan Corp., E.ON SE, Envision Energy USA Ltd., First Solar Inc., FuelCell Energy Inc., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kingspan Group Plc, Northern Power Systems Srl, Reliance Industries Ltd., and Siemens AG

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, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Renewable Distributed Energy Generation (RDEG) Technologies Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive renewable distributed energy generation (RDEG) technologies market growth during the next five years
  • Precise estimation of the renewable distributed energy generation technologies market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the renewable distributed energy generation (RDEG) technologies industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of renewable distributed energy generation (RDEG) technologies 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 Technology
    • 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 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • 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 Technology

    • 5.1 Market segments
      • Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)
    • 5.2 Comparison by Technology
      • Exhibit 26: Chart on Comparison by Technology
      • Exhibit 27: Data Table on Comparison by Technology
    • 5.3 Solar PV - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Solar PV - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Solar PV - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Solar PV - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Solar PV - Year-over-year growth 2021-2026 (%)
    • 5.4 Others - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Technology
      • Exhibit 36: Market opportunity by Technology ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key news
              • Exhibit 92: ABB Ltd. - Key offerings
              • Exhibit 93: ABB Ltd. - Segment focus
            • 10.4 Andritz AG
              • Exhibit 94: Andritz AG - Overview
              • Exhibit 95: Andritz AG - Business segments
              • Exhibit 96: Andritz AG - Key offerings
              • Exhibit 97: Andritz AG - Segment focus
            • 10.5 Ballard Power Systems Inc.
              • Exhibit 98: Ballard Power Systems Inc. - Overview
              • Exhibit 99: Ballard Power Systems Inc. - Business segments
              • Exhibit 100: Ballard Power Systems Inc. - Key news
              • Exhibit 101: Ballard Power Systems Inc. - Key offerings
              • Exhibit 102: Ballard Power Systems Inc. - Segment focus
            • 10.6 Bergey Wind Power Co.
              • Exhibit 103: Bergey Wind Power Co. - Overview
              • Exhibit 104: Bergey Wind Power Co. - Product / Service
              • Exhibit 105: Bergey Wind Power Co. - Key offerings
            • 10.7 Bloom Energy Corp.
              • Exhibit 106: Bloom Energy Corp. - Overview
              • Exhibit 107: Bloom Energy Corp. - Product / Service
              • Exhibit 108: Bloom Energy Corp. - Key news
              • Exhibit 109: Bloom Energy Corp. - Key offerings
            • 10.8 Canadian Solar Inc.
              • Exhibit 110: Canadian Solar Inc. - Overview
              • Exhibit 111: Canadian Solar Inc. - Business segments
              • Exhibit 112: Canadian Solar Inc. - Key news
              • Exhibit 113: Canadian Solar Inc. - Key offerings
              • Exhibit 114: Canadian Solar Inc. - Segment focus
            • 10.9 Caterpillar Inc.
              • Exhibit 115: Caterpillar Inc. - Overview
              • Exhibit 116: Caterpillar Inc. - Business segments
              • Exhibit 117: Caterpillar Inc. - Key offerings
              • Exhibit 118: Caterpillar Inc. - Segment focus
            • 10.10 City Windmills Ltd.
              • Exhibit 119: City Windmills Ltd. - Overview
              • Exhibit 120: City Windmills Ltd. - Product / Service
              • Exhibit 121: City Windmills Ltd. - Key offerings
            • 10.11 Doosan Corp.
              • Exhibit 122: Doosan Corp. - Overview
              • Exhibit 123: Doosan Corp. - Business segments
              • Exhibit 124: Doosan Corp. - Key news
              • Exhibit 125: Doosan Corp. - Key offerings
              • Exhibit 126: Doosan Corp. - Segment focus
            • 10.12 Siemens AG
              • Exhibit 127: Siemens AG - Overview
              • Exhibit 128: Siemens AG - Business segments
              • Exhibit 129: Siemens AG - Key news
              • Exhibit 130: Siemens AG - Key offerings
              • Exhibit 131: Siemens AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The renewable distributed energy generation (rdeg) technologies market market growth will increase by $$ 146.56 bn during 2023-2026.
              The renewable distributed energy generation (rdeg) technologies market market is expected to grow at a CAGR of 11.14% during 2023-2026.
              Technavio has segmented the renewable distributed energy generation (rdeg) technologies market market by technology (Solar PV and Others) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              ABB Ltd., Andritz AG, Ballard Power Systems Inc., Bergey Wind Power Co., Bloom Energy Corp., Canadian Solar Inc., Caterpillar Inc., City Windmills Ltd., Doosan Corp., E.ON SE, Envision Energy USA Ltd., First Solar Inc., FuelCell Energy Inc., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kingspan Group Plc, Northern Power Systems Srl, Reliance Industries Ltd., Siemens AG are a few of the key vendors in the renewable distributed energy generation (rdeg) technologies market market.
              APAC will register the highest growth rate of 57% among the other regions. Therefore, the renewable distributed energy generation (rdeg) technologies market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the renewable distributed energy generation (rdeg) technologies market market growth are:
              • Rising electricity demand and high cost of grid expansion
              • Microgrids for protection against cybersecurity attacks
              The renewable distributed energy generation (rdeg) technologies market market vendors should focus on grabbing business opportunities from the solar pv segment as it accounted for the largest market share in the base year.
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