Asia-Pacific Distributed Power Generation Market Size (2024 - 2029)

The Asia-Pacific distributed power generation market is poised for significant expansion, driven by increasing environmental concerns and supportive government policies promoting solar panel installations. The market's growth is further fueled by technological advancements that reduce solar panel manufacturing costs and enhance efficiency. Despite some challenges, such as subsidy cuts in China, the solar PV sector is expected to experience substantial growth due to a shift towards renewable energy and the need for reliable energy sources. The commercial and industrial sectors are increasingly interested in distributed power generation for its economic benefits and reliability, creating substantial opportunities in the region. China is anticipated to lead the market, benefiting from its focus on domestic distributed power generation and its substantial contribution to global solar energy production.

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Market Size of Asia-Pacific Distributed Power Generation Industry

Asia-Pacific Distributed Power Generation Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 10.00 %
Market Concentration High

Major Players

Asia-Pacific Distributed Power Generation Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Distributed Power Generation Market Analysis

The Asia-Pacific distributed power generation market is expected to grow at a CAGR of more than 10% during the forecast period of 2020 - 2025. Factors such as rising environmental concerns and government policies for incentives and tax benefits for solar panel installation, high cost of grid expansion are expected to be major drivers driving the market. Also, advancement in technology leading to solar panel manufacturing cost reduction and increase in efficiency have been a major factor for the growth of the Asia-Pacific distributed power generation market. However, recent cuts in subsidies for solar power generation in China have slightly hampered the growth of the market.

  • Solar PV sector is expected to witness significant growth in the forecast period, owing to factors like increasing shift towards renewable energy for energy generation, lack of efficient and reliable central grids, and its favorable economic factors.
  • Commercial and industrial sectors are showing a growing interest in distributed power generation, due to various economical benefits and constant source of energy to eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids. This have created a huge opportunity for distributed power generation market in the region.
  • China is expected to dominate the market, over rising environmental concerns and economical benefits of domestic distributed power generation. The country accounts for over 30% of global solar energy generation, amounting to 177.5 Terawatt-hours in 2018.

APAC Distributed Power Generation Industry Segmentation

The Asia-Pacific distributed power generation market report include:

Technology
Solar PV
Wind
Combined Heat and Power (CHP)
Other Technologies
Geography
China
India
Japan
Rest of Asia-Pacific
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Asia-Pacific Distributed Power Generation Market Size Summary

The Asia-Pacific distributed power generation market is poised for substantial growth, driven by increasing environmental concerns and supportive government policies offering incentives for solar panel installations. The high cost of grid expansion further propels the shift towards distributed power systems. Technological advancements have significantly reduced solar panel manufacturing costs and enhanced efficiency, contributing to the market's expansion. Despite recent subsidy cuts in China impacting growth, the solar photovoltaic (PV) sector is anticipated to experience significant development due to the region's shift towards renewable energy, the inadequacy of central grids, and favorable economic conditions. The commercial and industrial sectors are increasingly adopting distributed power generation to benefit from economic advantages and a reliable energy source, creating substantial opportunities in the market.

China is expected to maintain its dominance in the Asia-Pacific distributed power generation market, driven by environmental concerns and the economic benefits of domestic systems. The country leads in global solar energy generation, with distributed solar PV playing a crucial role. The demand for clean energy is a primary driver, with significant increases anticipated in both distributed solar PV capacity and commercial and industrial solar PV capacity. Rooftop solar systems are particularly beneficial in remote areas, reducing electricity costs and enabling self-generation. The fragmented market includes major players like Caterpillar Inc., Total SA, Siemens AG, Schneider Electric SE, and Trina Solar Limited, all contributing to the region's dynamic growth landscape.

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Asia-Pacific Distributed Power Generation Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Capacity and Forecast in GW, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Market Dynamics

      1. 1.4.1 Drivers

      2. 1.4.2 Restraints

    5. 1.5 Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes Products and Services

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Technology

      1. 2.1.1 Solar PV

      2. 2.1.2 Wind

      3. 2.1.3 Combined Heat and Power (CHP)

      4. 2.1.4 Other Technologies

    2. 2.2 Geography

      1. 2.2.1 China

      2. 2.2.2 India

      3. 2.2.3 Japan

      4. 2.2.4 Rest of Asia-Pacific

Asia-Pacific Distributed Power Generation Market Size FAQs

The Asia-Pacific Distributed Power Generation Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)

Caterpillar Inc. , Total SA , Seimens AG , Schneider Electric SE and Trina Solar Limited are the major companies operating in the Asia-Pacific Distributed Power Generation Market.

Asia-Pacific Distributed Power Generation Report Snapshots

Asia-Pacific Distributed Power Generation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)