Global Distributed Solar Power Generation Market 2024-2028

PUBLISHED: March 7, 2024

PAGES: 166 Pages

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The distributed solar power generation market is forecasted to grow by USD 51.45 bn during 2023-2028, accelerating at a CAGR of 6.41% during the forecast period. The report on the distributed solar power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, declining cost of solar PV panels, and rising electricity demand and high cost of grid expansion.

Technavio's distributed solar power generation market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.42%
CAGR	6.41%
Incremental Value	$51.45bn

By Installation Sites

On-grid
Off-grid

By End-user

Commercial
Industrial
Residential

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the growing adoption of microgrids as one of the prime reasons driving the distributed solar power generation market growth during the next few years. Also, advances in thin-film solar PV modules and increasing government support for solar power technology will lead to sizable demand in the market.

The report on the distributed solar power generation market covers the following areas:

Distributed solar power generation market sizing
Distributed solar power generation market forecast
Distributed solar power generation market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading distributed solar power generation market vendors that include AUXIN SOLAR Inc., Canadian Solar Inc., E Solar, Enphase Energy Inc., General Electric Co., Hanwha Corporation, LG Corp., Panasonic Holdings Corporation, Schneider Electric SE, Silfab Solar Inc., Solar Panels Plus LLC, Sungevity Inc., Sunnova Energy International Inc., Sunrun Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., Trinity Heating and Air Inc, Freedom Solar LLC, and Sharp Corp.. Also, the distributed solar power generation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40197

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global distributed solar power generation market 2018 - 2022
4.2 Installation sites Segment Analysis 2018 - 2022
4.3 End-user Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Installation Sites

6.1 Market segments
6.2 Comparison by Installation Sites
6.3 On-grid - Market size and forecast 2023-2028
6.4 Off-grid - Market size and forecast 2023-2028
6.5 Market opportunity by Installation Sites

7 Market Segmentation by End-user

7.1 Market segments
7.2 Comparison by End-user
7.3 Commercial - Market size and forecast 2023-2028
7.4 Industrial - Market size and forecast 2023-2028
7.5 Residential - Market size and forecast 2023-2028
7.6 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 Japan - Market size and forecast 2023-2028
9.10 US - Market size and forecast 2023-2028
9.11 Germany - Market size and forecast 2023-2028
9.12 India - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 AUXIN SOLAR Inc.
12.4 E Solar
12.5 Enphase Energy Inc.
12.6 Freedom Solar LLC
12.7 General Electric Co.
12.8 Hanwha Corporation
12.9 LG Corp.
12.10 Panasonic Holdings Corporation
12.11 Sungevity Inc.
12.12 Sunnova Energy International Inc.
12.13 Sunrun Inc.
12.14 Tesla Inc.
12.15 TotalEnergies SE
12.16 Trina Solar Co. Ltd.
12.17 Trinity Heating and Air Inc

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations

Product Code: IRTNTR40197

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Installation Sites
Exhibits6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits7: Executive Summary - Chart on Incremental Growth
Exhibits8: Executive Summary - Data Table on Incremental Growth
Exhibits9: Executive Summary - Chart on Vendor Market Positioning
Exhibits10: Parent market
Exhibits11: Market Characteristics
Exhibits12: Offerings of vendors included in the market definition
Exhibits13: Market segments
Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Historic Market Size - Data Table on global distributed solar power generation market 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Installation sites Segment 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Installation Sites - Market share 2023-2028 (%)
Exhibits31: Data Table on Installation Sites - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Installation Sites
Exhibits33: Data Table on Comparison by Installation Sites
Exhibits34: Chart on On-grid - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on On-grid - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on On-grid - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on On-grid - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Off-grid - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Off-grid - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Off-grid - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Off-grid - Year-over-year growth 2023-2028 (%)
Exhibits42: Market opportunity by Installation Sites ($ billion)
Exhibits43: Data Table on Market opportunity by Installation Sites ($ billion)
Exhibits44: Chart on End-user - Market share 2023-2028 (%)
Exhibits45: Data Table on End-user - Market share 2023-2028 (%)
Exhibits46: Chart on Comparison by End-user
Exhibits47: Data Table on Comparison by End-user
Exhibits48: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits49: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits51: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits52: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits53: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits55: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits56: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits57: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits59: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits60: Market opportunity by End-user ($ billion)
Exhibits61: Data Table on Market opportunity by End-user ($ billion)
Exhibits62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits65: Chart on Geographic comparison
Exhibits66: Data Table on Geographic comparison
Exhibits67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits78: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits82: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits87: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits90: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits91: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits92: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits93: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits98: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits103: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits105: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits106: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits107: Market opportunity By Geographical Landscape ($ billion)
Exhibits108: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits109: Impact of drivers and challenges in 2023 and 2028
Exhibits110: Overview on Criticality of inputs and Factors of differentiation
Exhibits111: Overview on factors of disruption
Exhibits112: Impact of key risks on business
Exhibits113: Vendors covered
Exhibits114: Matrix on vendor position and classification
Exhibits115: AUXIN SOLAR Inc. - Overview
Exhibits116: AUXIN SOLAR Inc. - Product / Service
Exhibits117: AUXIN SOLAR Inc. - Key offerings
Exhibits118: E Solar - Overview
Exhibits119: E Solar - Product / Service
Exhibits120: E Solar - Key offerings
Exhibits121: Enphase Energy Inc. - Overview
Exhibits122: Enphase Energy Inc. - Product / Service
Exhibits123: Enphase Energy Inc. - Key offerings
Exhibits124: Freedom Solar LLC - Overview
Exhibits125: Freedom Solar LLC - Key offerings
Exhibits126: General Electric Co. - Overview
Exhibits127: General Electric Co. - Business segments
Exhibits128: General Electric Co. - Key news
Exhibits129: General Electric Co. - Key offerings
Exhibits130: General Electric Co. - Segment focus
Exhibits131: Hanwha Corporation - Overview
Exhibits132: Hanwha Corporation - Product / Service
Exhibits133: Hanwha Corporation - Key news
Exhibits134: Hanwha Corporation - Key offerings
Exhibits135: LG Corp. - Overview
Exhibits136: LG Corp. - Business segments
Exhibits137: LG Corp. - Key offerings
Exhibits138: LG Corp. - Segment focus
Exhibits139: Panasonic Holdings Corporation - Overview
Exhibits140: Panasonic Holdings Corporation - Product / Service
Exhibits141: Panasonic Holdings Corporation - Key news
Exhibits142: Panasonic Holdings Corporation - Key offerings
Exhibits143: Sungevity Inc. - Overview
Exhibits144: Sungevity Inc. - Product / Service
Exhibits145: Sungevity Inc. - Key offerings
Exhibits146: Sunnova Energy International Inc. - Overview
Exhibits147: Sunnova Energy International Inc. - Business segments
Exhibits148: Sunnova Energy International Inc. - Key news
Exhibits149: Sunnova Energy International Inc. - Key offerings
Exhibits150: Sunnova Energy International Inc. - Segment focus
Exhibits151: Sunrun Inc. - Overview
Exhibits152: Sunrun Inc. - Product / Service
Exhibits153: Sunrun Inc. - Key news
Exhibits154: Sunrun Inc. - Key offerings
Exhibits155: Tesla Inc. - Overview
Exhibits156: Tesla Inc. - Business segments
Exhibits157: Tesla Inc. - Key news
Exhibits158: Tesla Inc. - Key offerings
Exhibits159: Tesla Inc. - Segment focus
Exhibits160: TotalEnergies SE - Overview
Exhibits161: TotalEnergies SE - Business segments
Exhibits162: TotalEnergies SE - Key news
Exhibits163: TotalEnergies SE - Key offerings
Exhibits164: TotalEnergies SE - Segment focus
Exhibits165: Trina Solar Co. Ltd. - Overview
Exhibits166: Trina Solar Co. Ltd. - Product / Service
Exhibits167: Trina Solar Co. Ltd. - Key offerings
Exhibits168: Trinity Heating and Air Inc - Overview
Exhibits169: Trinity Heating and Air Inc - Product / Service
Exhibits170: Trinity Heating and Air Inc - Key offerings
Exhibits171: Inclusions checklist
Exhibits172: Exclusions checklist
Exhibits173: Currency conversion rates for US$
Exhibits174: Research methodology
Exhibits175: Validation techniques employed for market sizing
Exhibits176: Information sources
Exhibits177: List of abbreviations