Prominent trend identified in the global distributed energy generation systems market is increasing investment for micro grids due to lack of proper macro grid connectivity in several countries. In November 2016, International Energy Agency (IEA), estimated that 1.2 billion people, around 17% of the world’s population have no or a very limited access to electricity with the majority of this population located in Sub-Saharan Africa and East Asia.

Distributed energy generation system is a term which encompasses a diverse array of generation, storage, and energy monitoring and control solutions. This includes power generation, combined heat and power, energy storage (including electric vehicles), and distributed energy management systems. These systems can be tailored to meet specific requirements including cost reductions, energy efficiency, security of supply, and carbon reduction. The distributed energy generation systems market is segmented on the basis of technology, end user, and geography.

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The distributed energy generation systems market is categorized on basis of technology into solar photovoltaic, combined heat and power, wind turbine, reciprocating engine, micro-turbine, and fuel cell. Wind turbine technology holds a significant share in the market. Solar photovoltaic is the second largest category in the market and its demand is expected to witness high growth during the forecast period, owing to decreased costs of solar installations, government subsidies, solar feed-in tariffs, and greenhouse gas emissions restrictions by several government bodies.

On the basis of end user, the distributed energy generation systems market is differentiated into residential, commercial, and industrial. Commercial and industrial together hold a significant share both in terms of value and volume, owing to re-usability of accessible resources such as industrial waste and heat energy. Additionally, government initiatives toward green solutions, growing demand for reliable power, and easy availability of energy resources are expected to boost the growth of the market during forecast period.

A shift toward green technology such as solar, wind, hydro, and biomass is also expected to boost the growth of the distributed energy generation systems market, as these systems have relatively lower environmental impact. These systems not only reduce carbon emissions into the environment, but also lower the power losses throughout transmission lines due to a decentralized operation in these processes.

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Major factors restraining the distributed energy generation systems market are reluctance to spend on distributed energy generation technologies as their installation and commissioning is capital and resource intensive, and a shift toward decentralized business models is a time-intensive process.

Some of the major companies operating in the global distributed energy generation systems market are Siemens AG, General Electric Company, Schneider Electric, Mitsubishi Motors Corporation, Capstone Turbine Corporation, Vestas Wind System A/S, Caterpillar Inc., E.ON SE, Cargo & Kraft Turbin Sverige AB, and Ballard Power Systems Inc.