Distributed Solar Power Generation Market by Technology, Application, Component, End-User, Installation Type, Grid Connectivity

Description

List of Tables

The Distributed Solar Power Generation Market was valued at USD 135.63 billion in 2023, expected to reach USD 150.53 billion in 2024, and is projected to grow at a CAGR of 11.60%, to USD 292.57 billion by 2030.

Distributed solar power generation refers to the use of photovoltaic (PV) systems installed at or near the point of use to generate electricity, often complementing or replacing traditional power supply methods. This method is essential in addressing the growing need for sustainable energy solutions, reducing grid dependency, and providing energy access in remote or underserved areas. Applications are diverse, ranging from residential rooftops to commercial buildings and community solar projects, serving as critical components in energy resilience and decentralization. The end-use scope encompasses residential, commercial, and industrial sectors, with significant potential in both developed and developing nations.

KEY MARKET STATISTICS
Base Year [2023]	USD 135.63 billion
Estimated Year [2024]	USD 150.53 billion
Forecast Year [2030]	USD 292.57 billion
CAGR (%)	11.60%

The market is influenced by factors such as decreasing costs of solar PV technologies, supportive governmental policies, and rising environmental consciousness among consumers and businesses. Technological advancements in energy storage and smart grid integration further bolster growth prospects. However, challenges such as regulatory hurdles, financing barriers, and grid interconnection issues may impede rapid adoption. Furthermore, geographic and climatic variations pose constraints to uniform deployment.

Key opportunities lie in areas such as community solar programs, the integration of distributed energy resources (DERs) with electric vehicles, and advancements in energy storage technologies. To capitalize on these opportunities, stakeholders are encouraged to invest in research and development, foster public-private partnerships, and advocate for favorable policy frameworks. As the market is evolving towards more innovative solutions, there is room for growth in PV manufacturing processes, development of bifacial modules, and implementation of AI-driven energy management systems.

The distributed solar power generation market is predominantly characterized by its dynamic nature, growing at a swift pace as more regions recognize the necessity of clean energy transition. Innovation can be driven by improved energy conversion efficiencies, reduction in balance of systems costs, and enhanced grid integration solutions. By understanding market dynamics and harnessing advancements in digital technologies, businesses can successfully navigate challenges and gain competitive advantage while contributing to global sustainability goals.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Distributed Solar Power Generation Market

The Distributed Solar Power Generation Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing demand for clean and sustainable energy sources to mitigate climate change effects
- Government incentives, subsidies, and policies encouraging the adoption of solar power systems
- Technological advancements in solar panel efficiency and energy storage solutions
- Rising electricity costs driving the need for alternative and cost-effective power solutions
Market Restraints
- Competition with conventional energy sources due to lower costs and established infrastructure
- Lack of consumer awareness and education on benefits and feasibility of distributed solar power
Market Opportunities
- Solar power solutions tailored for agricultural applications including irrigation and crop drying
- Commercial and industrial rooftop solar installations to reduce operational costs and carbon footprint
- Smart grid technology integration with distributed solar power generation for enhanced energy management
Market Challenges
- Intermittency and integration challenges of distributed solar power into existing energy grids
- Limited availability of skilled labor for installation and maintenance of distributed solar power systems

Porter's Five Forces: A Strategic Tool for Navigating the Distributed Solar Power Generation Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Distributed Solar Power Generation Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Distributed Solar Power Generation Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Distributed Solar Power Generation Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Distributed Solar Power Generation Market

A detailed market share analysis in the Distributed Solar Power Generation Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Distributed Solar Power Generation Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Distributed Solar Power Generation Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Distributed Solar Power Generation Market

A strategic analysis of the Distributed Solar Power Generation Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Distributed Solar Power Generation Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Canadian Solar Inc., Enphase Energy, Inc., First Solar, Inc., GCL-Poly Energy Holdings Limited, Hanwha Q CELLS, Iberdrola, S.A., JA Solar Technology Co., Ltd., JinkoSolar Holding Co., Ltd., LONGi Green Energy Technology Co., Ltd., NextEra Energy, Inc., ReneSola Ltd., Schneider Electric SE, Siemens AG, SolarEdge Technologies Inc., SunPower Corporation, Sunrun Inc., Tesla, Inc., Trina Solar Limited, and Vivint Solar, Inc..

Market Segmentation & Coverage

This research report categorizes the Distributed Solar Power Generation Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Technology, market is studied across Concentrated Solar Power Systems, Hybrid Solar Systems, and Photovoltaic Systems. The Concentrated Solar Power Systems is further studied across Dish Stirling, Linear Fresnel Reflector, Parabolic Trough, and Solar Power Tower. The Photovoltaic Systems is further studied across Monocrystalline Silicon PV, Organic PV, Polycrystalline Silicon PV, and Thin-Film PV.
Based on Application, market is studied across Commercial & Industrial, Residential, and Utility-Scale.
Based on Component, market is studied across Balance of System (BOS), Inverters, Solar Panels, and Storage Batteries. The Balance of System (BOS) is further studied across AC Cabling, DC Cabling, Mounting Systems, and Tracking Systems. The Inverters is further studied across Central Inverters, Microinverters, and String Inverters. The Solar Panels is further studied across Monocrystalline Solar Panels, Polycrystalline Solar Panels, and Thin-Film Solar Panels. The Storage Batteries is further studied across Flow Batteries, Lead-Acid Batteries, Lithium-Ion Batteries, and Nickel-Cadmium Batteries.
Based on End-User, market is studied across Commercial Users, Government & Public Utilities, Industrial Users, and Residential Users.
Based on Installation Type, market is studied across Floating Solar PV, Ground-Mounted Solar, and Rooftop Solar.
Based on Grid Connectivity, market is studied across Hybrid Grid, Off-Grid, and On-Grid.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-1A1A064C03F7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for clean and sustainable energy sources to mitigate climate change effects
  - 5.1.1.2. Government incentives, subsidies, and policies encouraging the adoption of solar power systems
  - 5.1.1.3. Technological advancements in solar panel efficiency and energy storage solutions
  - 5.1.1.4. Rising electricity costs driving the need for alternative and cost-effective power solutions
- 5.1.2. Restraints
  - 5.1.2.1. Competition with conventional energy sources due to lower costs and established infrastructure
  - 5.1.2.2. Lack of consumer awareness and education on benefits and feasibility of distributed solar power
- 5.1.3. Opportunities
  - 5.1.3.1. Solar power solutions tailored for agricultural applications including irrigation and crop drying
  - 5.1.3.2. Commercial and industrial rooftop solar installations to reduce operational costs and carbon footprint
  - 5.1.3.3. Smart grid technology integration with distributed solar power generation for enhanced energy management
- 5.1.4. Challenges
  - 5.1.4.1. Intermittency and integration challenges of distributed solar power into existing energy grids
  - 5.1.4.2. Limited availability of skilled labor for installation and maintenance of distributed solar power systems
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Distributed Solar Power Generation Market, by Technology

6.1. Introduction
6.2. Concentrated Solar Power Systems
- 6.2.1. Dish Stirling
- 6.2.2. Linear Fresnel Reflector
- 6.2.3. Parabolic Trough
- 6.2.4. Solar Power Tower
6.3. Hybrid Solar Systems
6.4. Photovoltaic Systems
- 6.4.1. Monocrystalline Silicon PV
- 6.4.2. Organic PV
- 6.4.3. Polycrystalline Silicon PV
- 6.4.4. Thin-Film PV

7. Distributed Solar Power Generation Market, by Application

7.1. Introduction
7.2. Commercial & Industrial
7.3. Residential
7.4. Utility-Scale

8. Distributed Solar Power Generation Market, by Component

8.1. Introduction
8.2. Balance of System (BOS)
- 8.2.1. AC Cabling
- 8.2.2. DC Cabling
- 8.2.3. Mounting Systems
- 8.2.4. Tracking Systems
8.3. Inverters
- 8.3.1. Central Inverters
- 8.3.2. Microinverters
- 8.3.3. String Inverters
8.4. Solar Panels
- 8.4.1. Monocrystalline Solar Panels
- 8.4.2. Polycrystalline Solar Panels
- 8.4.3. Thin-Film Solar Panels
8.5. Storage Batteries
- 8.5.1. Flow Batteries
- 8.5.2. Lead-Acid Batteries
- 8.5.3. Lithium-Ion Batteries
- 8.5.4. Nickel-Cadmium Batteries

9. Distributed Solar Power Generation Market, by End-User

9.1. Introduction
9.2. Commercial Users
9.3. Government & Public Utilities
9.4. Industrial Users
9.5. Residential Users

10. Distributed Solar Power Generation Market, by Installation Type

10.1. Introduction
10.2. Floating Solar PV
10.3. Ground-Mounted Solar
10.4. Rooftop Solar

11. Distributed Solar Power Generation Market, by Grid Connectivity

11.1. Introduction
11.2. Hybrid Grid
11.3. Off-Grid
11.4. On-Grid

12. Americas Distributed Solar Power Generation Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Distributed Solar Power Generation Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Distributed Solar Power Generation Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. Canadian Solar Inc.
3. Enphase Energy, Inc.
4. First Solar, Inc.
5. GCL-Poly Energy Holdings Limited
6. Hanwha Q CELLS
7. Iberdrola, S.A.
8. JA Solar Technology Co., Ltd.
9. JinkoSolar Holding Co., Ltd.
10. LONGi Green Energy Technology Co., Ltd.
11. NextEra Energy, Inc.
12. ReneSola Ltd.
13. Schneider Electric SE
14. Siemens AG
15. SolarEdge Technologies Inc.
16. SunPower Corporation
17. Sunrun Inc.
18. Tesla, Inc.
19. Trina Solar Limited
20. Vivint Solar, Inc.