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

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?

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"The financial incentive programs will facilitate the renewable energy market growth in APAC over the forecast period."

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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