Distributed PV Generation Market size was valued at USD 968.4 Billion in 2024 and is forecasted to grow at a CAGR of 10.5% from 2026 to 2033, reaching USD 2,400 Billion by 2033.
The global Distributed PV (Photovoltaic) Generation market was valued at approximately USD 29.2 billion in 2022 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from 2023 to 2030. This growth can be attributed to the increasing demand for renewable energy solutions, government incentives, and advancements in solar technology. In terms of regional performance, the Asia Pacific region accounted for the largest share, contributing over 45% of the global market revenue in 2022. China, India, and Japan are leading this demand due to the large-scale adoption of distributed solar systems driven by governmental policies and cost-effective solar modules. North America followed closely, with the U.S. contributing significantly to the market, owing to the country’s focus on transitioning to clean energy sources. Europe also witnessed a steady growth in distributed PV installations, with countries like Germany, Spain, and Italy supporting the adoption of decentralized solar generation systems.
In terms of opportunities, the market is seeing an increase in decentralized power generation projects in emerging economies, with Latin America and the Middle East becoming important areas of growth. The growth in rooftop solar installations and technological advancements in energy storage solutions are also expected to provide new opportunities for distributed PV generation in both residential and commercial sectors. As countries continue to emphasize sustainability and reduce carbon footprints, the demand for distributed PV systems is projected to rise, especially in regions where grid infrastructure is less developed. With governments' ongoing efforts to reduce the cost of solar equipment and enhance energy efficiency, the distributed PV generation market is expected to remain strong across all major regions through the forecast period.
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LONGi Green Energy Technology Co.
Ltd.
JA Solar Technology Co.
Ltd.
Trina Solar Co.
Ltd.
CSI Solar Co.
Ltd.
Jinko Solar Co.
Ltd.
Astronergy
Jiangsu Seraphim Solar System Co.
Ltd.
Talesun Solar Co.
Ltd.
Jiangsu Sunport Power Corp.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Distributed PV Generation Market
Solar Photovoltaic (PV)
Wind Turbines
Biomass
Hydro Power
Fuel Cells
Small Scale (Up to 10kW)
Medium Scale (10kW to 100kW)
Large Scale (100kW and above)
Residential
Commercial
Industrial
Agricultural
Government and Public Sector
Ground Mounted
Rooftop
Building-Integrated Photovoltaics (BIPV)
Floating PV Systems
Utility-Owned
Community Solar Projects
Consumer-Owned
Third-Party Owned (Leasing and Power Purchase Agreements)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Distributed PV Generation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Distributed PV Generation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Distributed PV Generation Market, By Type
6. Global Distributed PV Generation Market, By Application
7. Global Distributed PV Generation Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Distributed PV Generation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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