U.S. Distributed Energy Generation Market Size & Outlook
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U.S. distributed energy generation market highlights
- The U.S. distributed energy generation market generated a revenue of USD 31,566.3 million in 2019 and is expected to reach USD 72,019.9 million by 2027.
- The U.S. market is expected to grow at a CAGR of 10.9% from 2020 to 2027.
- In terms of segment, solar photovoltaic was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
Distributed energy generation market data book summary
| Market revenue in 2019 | USD 31,566.3 million |
| Market revenue in 2027 | USD 72,019.9 million |
| Growth rate | 10.9% (CAGR from 2019 to 2027) |
| Largest segment | Solar photovoltaic |
| Fastest growing segment | Solar Photovoltaic |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, U.S. accounted for 13.0% of the global distributed energy generation market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. distributed energy generation market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 14,720.6 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ENERCON | View profile | 10001+ | Aurich, Niedersachsen, Germany, Europe | https://www.enercon.de |
| Suzlon Energy | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://suzlon.com/ |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | http://www.doosanheavy.com/ |
| Capstone Green Energy | View profile | 51-100 | Van Nuys, California, United States, North America | https://www.capstonegreenenergy.com |
| First Solar Inc | View profile | 6700 | 350 West Washington Street, Suite 600, Tempe, AZ, United States, 85288 | https://www.firstsolar.com |
| Rolls-Royce Holdings PLC | View profile | 41810 | 90 York Way, Kings Place, London, United Kingdom, N1 9FX | https://www.rolls-royce.com |
| Vestas Wind Systems A/S | View profile | 31363 | Hedeager 42, Aarhus, Denmark, 8200 | https://www.vestas.com |
| Sharp Corp | View profile | 46200 | 1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, Japan, 590-8522 | https://www.sharp.co.jp |
| Ballard Power Systems Inc | View profile | 1173 | 9000 Glenlyon Parkway, Burnaby, BC, Canada, V5J 5J8 | https://www.ballard.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
U.S. 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 53.06% in 2019. Horizon Databook has segmented the U.S. 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.
The U.S. is among the early adopters of clean energy solutions in the world for sectors such as power generation and others. This can be attributed to the increased importance given to clean energy solutions as per the energy act introduced by the U.S. government.
Moreover, based on these acts, relevant policies and regulations have been established to cater to different aspects of distinct sectors such as power generation.
U.S. greenhouse gas (GHG) emission levels, particularly from carbon dioxide (CO2), remain on top of discussion among policymakers and stakeholders. Electricity sector is second largest source of greenhouse gas emission owing to the combustion of fossil fuels in power plant.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. distributed energy generation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. distributed energy generation market size, by technology, 2016-2027 (US$M)
U.S. Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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