North America Distributed Energy Generation Market Size & Outlook
North America distributed energy generation market, 2016-2027 (US$M)
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North America distributed energy generation market highlights
- The North America distributed energy generation market generated a revenue of USD 41,526.1 million in 2019.
- The market is expected to grow at a CAGR of 11.4% from 2020 to 2027.
- In terms of segment, solar photovoltaic was the largest revenue generating technology in 2019.
- Fuel Cells is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 41,526.1 million |
| Market revenue in 2027 | USD 98,407.0 million |
| Growth rate | 11.4% (CAGR from 2019 to 2027) |
| Largest segment | Solar photovoltaic |
| Fastest growing segment | Fuel Cells |
| 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, North America region accounted for 17.1% 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 |
|---|
North America 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.
Solar photovoltaic was the largest segment with a revenue share of 47.43% in 2019. Horizon Databook has segmented the North America 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.
Countries covered under North America includes U.S., Canada, and Mexico. North America region accounted for the significant market share in terms of volume and revenue and is expected to witness high growth in DEG market over the forecast period, considering growing demand from U.S. Canada, and Mexico.
Wind turbine has the highest market share in terms of volume in 2019. However, solar PV is expected to grow at significant growth rate due to declining costs, wider geographic distribution products under the solar lease, and third-party ownership models.
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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 North America distributed energy generation market , including forecasts for subscribers. This continent databook contains high-level insights into North America distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America distributed energy generation market size, by country, 2016-2027 (US$M)
North America Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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