Distributed Solar Power Generation Market size to grow by USD 73,305.26 million from 2022 to 2027|Increasing investments in renewable energy to boost the market growth- Technavio

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NEW YORK, July 6, 2023 /PRNewswire/ — The distributed solar power generation market size is estimated to grow by USD 73,305.26 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 19.09%. The growth momentum will progress during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 55%. China, Japan, and India are the major countries contributing to the market growth in the region. The lack of reliable grid infrastructure is the major factor due to which off-grid and microgrids have grown in the region. Furthermore, the growing level of carbon emissions in China and India has made them shift their focus toward renewables for power generation. Hence, the increasing focus on the shift from fossil fuels to renewable energy, such as solar power, is expected to drive the market growth in the region during the forecast period. For more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) – Request a sample report

What’s New?

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial  – buy the report!

Distributed Solar Power Generation Market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on end-user (commercial, industrial, and residential), installation sites (on-grid and off-grid), and Geography (APAC, Europe, North America, South America, and Middle East, and Africa). 

The market share growth by the commercial segment will be significant during the forecast period. It is mostly used in non-residential buildings with a constant power requirement. The power needs in the commercial sector are produced from fossil fuel sources and diesel generators, which are used as a source of generating electricity for backup. For instance, the European Union (EU) target for renewable energy has been increased from 40% to 45% for 2030. Many governments globally are using alternative sources of power to stay economically competitive and environmentally responsible.

Insights on the market contribution of various segments, including country and region-wise historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report

Distributed Solar Power Generation Market – Market Dynamics

Key Drivers

The increasing investment in renewable energy is the key factor driving the market growth. The high-pressure expense of delivering power and low fossil fuel byproducts from sustainable sources has brought about an expansion in the market. For instance, from 2018 to 2021, the sustainable power area speculation represented a high market share in the power sector. In addition, renewable energy accounts for more than half of the annual power demand in several European nations, including Norway, Iceland, and Sweden. Hence, these factors are expected to drive the market growth during the forecast period.

Major Trends

Increasing adoption of microgrids is the major trend shaping the market. Microgrids can work on their own or in collaboration with other small power grids. They can operate in both grid-connected and island modes due to the variety of microgrids. They can connect to and disconnect from the power grid. In addition, the vulnerability of centralized grid structures has been proved by several natural disasters. Because of their remarkable endurance to face natural disasters, governments around the world encourage the use of microgrids. For instance, in November 2019, Goodbye Power announced its arrangement to set up 10,000 sustainable microgrids by 2026. Hence, these factors are expected to drive the market growth during the forecast period.

Significant Challenges

Challenges associated with distributed solar PV system components restrict market growth. Solar PV modules and inverters are some of the components that are inclined to failure. The downtime of PV systems caused by such failures can have a significant impact on distributed solar PV system power generation. The quality of the components used in distributed solar PV modules determines their performance. Poor durability, the use of low-quality materials, and external damage increase the failure of these components in distributed solar PV modules. Furthermore, distributed solar PV systems experience downtime because inverters fail to live up to their intended design life, which is two decades. Hence, these factors are expected to restrict the market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Distributed Solar Power Generation Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the distributed solar power generation market between 2023 and 2027
• Precise estimation of the size of the distributed solar power generation market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the distributed solar power generation market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of distributed solar power generation market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The solar photovoltaic (PV) market size is estimated to grow at a CAGR of 8.42% between 2022 and 2027. The market size is forecast to increase by USD 47.16 billion. Furthermore, this report extensively covers market segmentation by end-user (commercial, residential, and utility), deployment (ground-mounted and rooftop), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The increasing government support for solar power technology is a key factor driving the solar photovoltaic (PV) market growth during the forecast period.

The parabolic trough concentrated solar power market size is estimated to grow at a CAGR of 2.74% between 2022 and 2027. The market size is forecast to increase by USD 786.47 million. Furthermore, this report extensively covers market segmentation by capacity (less than or equal to 50 MW and more than 50 MW), type (U-shape and V-shape), and geography (Europe, North America, APAC, Middle East and Africa, and South America). The rise in investments in renewable energy is a key factor driving the market growth during the forecast period.

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Installation Sites
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global distributed solar power generation market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global distributed solar power generation market 2017 – 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.3 Installation Sites Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Installation Sites Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

• 6.4 Industrial – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Industrial – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

• 6.5 Residential – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Residential – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Residential – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)
• Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Installation Sites

• 7.1 Market segments
• Exhibit 48: Chart on Installation Sites – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Installation Sites – Market share 2022-2027 (%)

• 7.2 Comparison by Installation Sites 
• Exhibit 50: Chart on Comparison by Installation Sites
• Exhibit 51: Data Table on Comparison by Installation Sites

• 7.3 On-grid – Market size and forecast 2022-2027 
• Exhibit 52: Chart on On-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on On-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on On-grid – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on On-grid – Year-over-year growth 2022-2027 (%)

• 7.4 Off-grid – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Off-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Off-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Off-grid – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Off-grid – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Installation Sites 
• Exhibit 60: Market opportunity by Installation Sites ($ million)
• Exhibit 61: Data Table on Market opportunity by Installation Sites ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 Japan – Market size and forecast 2022-2027 
• Exhibit 91: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.10 US – Market size and forecast 2022-2027 
• Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 India – Market size and forecast 2022-2027 
• Exhibit 103: Chart on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 AUXIN SOLAR Inc.
• Exhibit 115: AUXIN SOLAR Inc. – Overview
• Exhibit 116: AUXIN SOLAR Inc. – Product / Service
• Exhibit 117: AUXIN SOLAR Inc. – Key offerings

• 12.4 E Solar
• Exhibit 118: E Solar – Overview
• Exhibit 119: E Solar – Product / Service
• Exhibit 120: E Solar – Key offerings

• 12.5 Enphase Energy Inc.
• Exhibit 121: Enphase Energy Inc. – Overview
• Exhibit 122: Enphase Energy Inc. – Product / Service
• Exhibit 123: Enphase Energy Inc. – Key offerings

• 12.6 Freedom Solar LLC
• Exhibit 124: Freedom Solar LLC – Overview
• Exhibit 125: Freedom Solar LLC – Key offerings

• 12.7 General Electric Co.
• Exhibit 126: General Electric Co. – Overview
• Exhibit 127: General Electric Co. – Business segments
• Exhibit 128: General Electric Co. – Key news
• Exhibit 129: General Electric Co. – Key offerings
• Exhibit 130: General Electric Co. – Segment focus

• 12.8 Hanwha Corp.
• Exhibit 131: Hanwha Corp. – Overview
• Exhibit 132: Hanwha Corp. – Product / Service
• Exhibit 133: Hanwha Corp. – Key news
• Exhibit 134: Hanwha Corp. – Key offerings

• 12.9 LG Corp.
• Exhibit 135: LG Corp. – Overview
• Exhibit 136: LG Corp. – Business segments
• Exhibit 137: LG Corp. – Key offerings
• Exhibit 138: LG Corp. – Segment focus

• 12.10 Panasonic Holdings Corp. 
• Exhibit 139: Panasonic Holdings Corp. – Overview
• Exhibit 140: Panasonic Holdings Corp. – Product / Service
• Exhibit 141: Panasonic Holdings Corp. – Key news
• Exhibit 142: Panasonic Holdings Corp. – Key offerings

• 12.11 Sungevity Inc.
• Exhibit 143: Sungevity Inc. – Overview
• Exhibit 144: Sungevity Inc. – Product / Service
• Exhibit 145: Sungevity Inc. – Key offerings

• 12.12 Sunnova Energy International Inc. 
• Exhibit 146: Sunnova Energy International Inc. – Overview
• Exhibit 147: Sunnova Energy International Inc. – Business segments
• Exhibit 148: Sunnova Energy International Inc. – Key news
• Exhibit 149: Sunnova Energy International Inc. – Key offerings
• Exhibit 150: Sunnova Energy International Inc. – Segment focus

• 12.13 Sunrun Inc.
• Exhibit 151: Sunrun Inc. – Overview
• Exhibit 152: Sunrun Inc. – Product / Service
• Exhibit 153: Sunrun Inc. – Key offerings

• 12.14 Tesla Inc.
• Exhibit 154: Tesla Inc. – Overview
• Exhibit 155: Tesla Inc. – Business segments
• Exhibit 156: Tesla Inc. – Key news
• Exhibit 157: Tesla Inc. – Key offerings
• Exhibit 158: Tesla Inc. – Segment focus

• 12.15 TotalEnergies SE
• Exhibit 159: TotalEnergies SE – Overview
• Exhibit 160: TotalEnergies SE – Business segments
• Exhibit 161: TotalEnergies SE – Key news
• Exhibit 162: TotalEnergies SE – Key offerings
• Exhibit 163: TotalEnergies SE – Segment focus

• 12.16 Trina Solar Co. Ltd.
• Exhibit 164: Trina Solar Co. Ltd. – Overview
• Exhibit 165: Trina Solar Co. Ltd. – Business segments
• Exhibit 166: Trina Solar Co. Ltd. – Key offerings
• Exhibit 167: Trina Solar Co. Ltd. – Segment focus

• 12.17 Trinity Heating and Air Inc 
• Exhibit 168: Trinity Heating and Air Inc – Overview
• Exhibit 169: Trinity Heating and Air Inc – Product / Service
• Exhibit 170: Trinity Heating and Air Inc – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations
• Exhibit 177: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Media & Marketing Executive

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UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

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NEW YORK, July 6, 2023 /PRNewswire/ — The distributed solar power generation market size is estimated to grow by USD 73,305.26 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 19.09%. The growth momentum will progress during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 55%. China, Japan, and India are the major countries contributing to the market growth in the region. The lack of reliable grid infrastructure is the major factor due to which off-grid and microgrids have grown in the region. Furthermore, the growing level of carbon emissions in China and India has made them shift their focus toward renewables for power generation. Hence, the increasing focus on the shift from fossil fuels to renewable energy, such as solar power, is expected to drive the market growth in the region during the forecast period. For more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) – Request a sample report

What’s New?

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial  – buy the report!

Distributed Solar Power Generation Market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on end-user (commercial, industrial, and residential), installation sites (on-grid and off-grid), and Geography (APAC, Europe, North America, South America, and Middle East, and Africa). 

The market share growth by the commercial segment will be significant during the forecast period. It is mostly used in non-residential buildings with a constant power requirement. The power needs in the commercial sector are produced from fossil fuel sources and diesel generators, which are used as a source of generating electricity for backup. For instance, the European Union (EU) target for renewable energy has been increased from 40% to 45% for 2030. Many governments globally are using alternative sources of power to stay economically competitive and environmentally responsible.

Insights on the market contribution of various segments, including country and region-wise historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report

Distributed Solar Power Generation Market – Market Dynamics

Key Drivers

The increasing investment in renewable energy is the key factor driving the market growth. The high-pressure expense of delivering power and low fossil fuel byproducts from sustainable sources has brought about an expansion in the market. For instance, from 2018 to 2021, the sustainable power area speculation represented a high market share in the power sector. In addition, renewable energy accounts for more than half of the annual power demand in several European nations, including Norway, Iceland, and Sweden. Hence, these factors are expected to drive the market growth during the forecast period.

Major Trends

Increasing adoption of microgrids is the major trend shaping the market. Microgrids can work on their own or in collaboration with other small power grids. They can operate in both grid-connected and island modes due to the variety of microgrids. They can connect to and disconnect from the power grid. In addition, the vulnerability of centralized grid structures has been proved by several natural disasters. Because of their remarkable endurance to face natural disasters, governments around the world encourage the use of microgrids. For instance, in November 2019, Goodbye Power announced its arrangement to set up 10,000 sustainable microgrids by 2026. Hence, these factors are expected to drive the market growth during the forecast period.

Significant Challenges

Challenges associated with distributed solar PV system components restrict market growth. Solar PV modules and inverters are some of the components that are inclined to failure. The downtime of PV systems caused by such failures can have a significant impact on distributed solar PV system power generation. The quality of the components used in distributed solar PV modules determines their performance. Poor durability, the use of low-quality materials, and external damage increase the failure of these components in distributed solar PV modules. Furthermore, distributed solar PV systems experience downtime because inverters fail to live up to their intended design life, which is two decades. Hence, these factors are expected to restrict the market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Distributed Solar Power Generation Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the distributed solar power generation market between 2023 and 2027
• Precise estimation of the size of the distributed solar power generation market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the distributed solar power generation market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of distributed solar power generation market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The solar photovoltaic (PV) market size is estimated to grow at a CAGR of 8.42% between 2022 and 2027. The market size is forecast to increase by USD 47.16 billion. Furthermore, this report extensively covers market segmentation by end-user (commercial, residential, and utility), deployment (ground-mounted and rooftop), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The increasing government support for solar power technology is a key factor driving the solar photovoltaic (PV) market growth during the forecast period.

The parabolic trough concentrated solar power market size is estimated to grow at a CAGR of 2.74% between 2022 and 2027. The market size is forecast to increase by USD 786.47 million. Furthermore, this report extensively covers market segmentation by capacity (less than or equal to 50 MW and more than 50 MW), type (U-shape and V-shape), and geography (Europe, North America, APAC, Middle East and Africa, and South America). The rise in investments in renewable energy is a key factor driving the market growth during the forecast period.

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Installation Sites
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global distributed solar power generation market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global distributed solar power generation market 2017 – 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.3 Installation Sites Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Installation Sites Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

• 6.4 Industrial – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Industrial – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

• 6.5 Residential – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Residential – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Residential – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)
• Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Installation Sites

• 7.1 Market segments
• Exhibit 48: Chart on Installation Sites – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Installation Sites – Market share 2022-2027 (%)

• 7.2 Comparison by Installation Sites 
• Exhibit 50: Chart on Comparison by Installation Sites
• Exhibit 51: Data Table on Comparison by Installation Sites

• 7.3 On-grid – Market size and forecast 2022-2027 
• Exhibit 52: Chart on On-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on On-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on On-grid – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on On-grid – Year-over-year growth 2022-2027 (%)

• 7.4 Off-grid – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Off-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Off-grid – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Off-grid – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Off-grid – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Installation Sites 
• Exhibit 60: Market opportunity by Installation Sites ($ million)
• Exhibit 61: Data Table on Market opportunity by Installation Sites ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 Japan – Market size and forecast 2022-2027 
• Exhibit 91: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.10 US – Market size and forecast 2022-2027 
• Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 India – Market size and forecast 2022-2027 
• Exhibit 103: Chart on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 AUXIN SOLAR Inc.
• Exhibit 115: AUXIN SOLAR Inc. – Overview
• Exhibit 116: AUXIN SOLAR Inc. – Product / Service
• Exhibit 117: AUXIN SOLAR Inc. – Key offerings

• 12.4 E Solar
• Exhibit 118: E Solar – Overview
• Exhibit 119: E Solar – Product / Service
• Exhibit 120: E Solar – Key offerings

• 12.5 Enphase Energy Inc.
• Exhibit 121: Enphase Energy Inc. – Overview
• Exhibit 122: Enphase Energy Inc. – Product / Service
• Exhibit 123: Enphase Energy Inc. – Key offerings

• 12.6 Freedom Solar LLC
• Exhibit 124: Freedom Solar LLC – Overview
• Exhibit 125: Freedom Solar LLC – Key offerings

• 12.7 General Electric Co.
• Exhibit 126: General Electric Co. – Overview
• Exhibit 127: General Electric Co. – Business segments
• Exhibit 128: General Electric Co. – Key news
• Exhibit 129: General Electric Co. – Key offerings
• Exhibit 130: General Electric Co. – Segment focus

• 12.8 Hanwha Corp.
• Exhibit 131: Hanwha Corp. – Overview
• Exhibit 132: Hanwha Corp. – Product / Service
• Exhibit 133: Hanwha Corp. – Key news
• Exhibit 134: Hanwha Corp. – Key offerings

• 12.9 LG Corp.
• Exhibit 135: LG Corp. – Overview
• Exhibit 136: LG Corp. – Business segments
• Exhibit 137: LG Corp. – Key offerings
• Exhibit 138: LG Corp. – Segment focus

• 12.10 Panasonic Holdings Corp. 
• Exhibit 139: Panasonic Holdings Corp. – Overview
• Exhibit 140: Panasonic Holdings Corp. – Product / Service
• Exhibit 141: Panasonic Holdings Corp. – Key news
• Exhibit 142: Panasonic Holdings Corp. – Key offerings

• 12.11 Sungevity Inc.
• Exhibit 143: Sungevity Inc. – Overview
• Exhibit 144: Sungevity Inc. – Product / Service
• Exhibit 145: Sungevity Inc. – Key offerings

• 12.12 Sunnova Energy International Inc. 
• Exhibit 146: Sunnova Energy International Inc. – Overview
• Exhibit 147: Sunnova Energy International Inc. – Business segments
• Exhibit 148: Sunnova Energy International Inc. – Key news
• Exhibit 149: Sunnova Energy International Inc. – Key offerings
• Exhibit 150: Sunnova Energy International Inc. – Segment focus

• 12.13 Sunrun Inc.
• Exhibit 151: Sunrun Inc. – Overview
• Exhibit 152: Sunrun Inc. – Product / Service
• Exhibit 153: Sunrun Inc. – Key offerings

• 12.14 Tesla Inc.
• Exhibit 154: Tesla Inc. – Overview
• Exhibit 155: Tesla Inc. – Business segments
• Exhibit 156: Tesla Inc. – Key news
• Exhibit 157: Tesla Inc. – Key offerings
• Exhibit 158: Tesla Inc. – Segment focus

• 12.15 TotalEnergies SE
• Exhibit 159: TotalEnergies SE – Overview
• Exhibit 160: TotalEnergies SE – Business segments
• Exhibit 161: TotalEnergies SE – Key news
• Exhibit 162: TotalEnergies SE – Key offerings
• Exhibit 163: TotalEnergies SE – Segment focus

• 12.16 Trina Solar Co. Ltd.
• Exhibit 164: Trina Solar Co. Ltd. – Overview
• Exhibit 165: Trina Solar Co. Ltd. – Business segments
• Exhibit 166: Trina Solar Co. Ltd. – Key offerings
• Exhibit 167: Trina Solar Co. Ltd. – Segment focus

• 12.17 Trinity Heating and Air Inc 
• Exhibit 168: Trinity Heating and Air Inc – Overview
• Exhibit 169: Trinity Heating and Air Inc – Product / Service
• Exhibit 170: Trinity Heating and Air Inc – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations
• Exhibit 177: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

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UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

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