Distributed Energy Generation Market Size, Share, By Technology (Solar Photovoltaic, Wind Turbines, Combined Heat and Power, and Others), By Application (On-Grid, and Off-Grid), By Capacity (Up to 100 kW, 100 kW to 1 MW, and above 1 MW), By End-User (Industrial, Commercial, and Residential), and By Region - Trends, Analysis and Forecast till 2034

Distributed energy generation market size was valued at USD 403 Billion in 2024 and is expected to reach USD 1412.41 Billion by 2034, growing at a CAGR of 14.8%

Distributed Energy Generation is the combined effect of technological advancement, environmental concerns, and the demand for energy independence, which is driving the market for DEGs. On-site or near-site generation, as opposed to centralized power generation facilities, refers to electricity generated by DEG systems. This has a number of advantages with regard to energy efficiency, reduction of carbon emissions, strengthening grid resilience, and local economic development. Because of technology development, environmental awareness, and the urge for energy independence, distributed energy generation is one of the fastest-developing markets today. DEG offers many benefits, including improved energy efficiency, reduced carbon emissions, increased grid resilience, and more local economic development. In light of this, DEG is bound to play an ever-increasingly significant role in setting the future of energy systems as the market matures.