Asia Pacific Distributed Energy Generation Market Size & Outlook
Asia Pacific distributed energy generation market, 2016-2027 (US$M)
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Asia Pacific distributed energy generation market highlights
- The Asia Pacific distributed energy generation market generated a revenue of USD 119,659.5 million in 2019.
- The market is expected to grow at a CAGR of 11.8% from 2020 to 2027.
- In terms of segment, fuel cells was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 119,659.5 million |
| Market revenue in 2027 | USD 292,667.0 million |
| Growth rate | 11.8% (CAGR from 2019 to 2027) |
| Largest segment | Fuel cells |
| Fastest growing segment | Solar Photovoltaic |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wind Turbine, Reciprocating Engines, Fuel Cells, Solar Photovoltaic, Gas & Steam Turbines |
| Key market players worldwide | Vestas Wind Systems A/S, Caterpillar Inc, Ballard Power Systems Inc, Rolls-Royce Holdings PLC, GE Aerospace, Siemens AG, Schneider Electric SE, Sharp Corp, First Solar Inc, Mitsubishi Electric Corp, Toyota Motor Corp, Doosan Heavy Industries & Construction, Suzlon Energy, Capstone Green Energy, ENERCON |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 49.3% of the global distributed energy generation market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 292,667.0 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific distributed energy generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed energy generation market will help companies and investors design strategic landscapes.
Fuel cells was the largest segment with a revenue share of 42.61% in 2019. Horizon Databook has segmented the Asia Pacific distributed energy generation market based on wind turbine, reciprocating engines, fuel cells, solar photovoltaic, gas & steam turbines covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific region accounted for over 48.38% in 2019 and is expected to witness significant growth rates with an estimated CAGR of over 11.2% from 2020 to 2027. The governing bodies of countries such as India and China are pledged towards a growing share of the clean energy mix to reduce the emission levels.
Besides, the government in some of the Asia Pacific countries are also supporting DEG installations through various policies and research and development initiatives. These factors will lead to the growth of the market for distributed energy installation in the APAC region in the future.
Asia Pacific consists of some of the rapidly growing economies including China and India. China, India and Japan are countries where energy demand is growing rapidly. The grid connections are incapable of meeting such high demands that are further supplemented with energy loss problems and blackouts.
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Our clientele includes a mix of distributed energy generation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific distributed energy generation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific distributed energy generation market size, by country, 2016-2027 (US$M)
Asia Pacific Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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