Distributed Solar Power Generation Market is expected to grow at a CAGR of 5.9% through 2030F
The global Distributed Solar Power
Generation Market is expected to be led by North America, driven by Government
Incentives and Supportive Policies and Environmental Awareness and Climate
Goals during the forecast period 2026-2030F
According to TechSci Research
report, “Distributed Solar
Power Generation Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F, The Global Distributed Solar Power
Generation Market was valued at USD 120.7 billion in 2024 and is expected to
reach USD 171.8 billion by 2030 with a CAGR of 5.9% through 2030, One significant driver is the increasing
focus on energy security and resilience, especially in the wake of natural
disasters and grid failures. Distributed solar systems allow users to generate
power locally, reducing dependence on centralized grids and enhancing energy
reliability during outages. This is particularly crucial for remote and
disaster-prone regions. Another
important factor is the growing adoption of digital technologies and Internet
of Things (IoT) solutions, which enable better monitoring, control, and
optimization of distributed solar installations. These technologies improve
system performance and maintenance efficiency, making solar energy more
attractive for both small-scale and large-scale users.
Moreover,
rising electricity prices worldwide are pushing consumers and businesses to
seek cost-effective alternatives, making distributed solar an appealing option
to lower energy expenses in the long run. Increasing urbanization and the
expansion of commercial infrastructure also contribute to higher demand for
distributed solar, as on-site generation reduces transmission losses and energy
costs. Lastly, corporate sustainability commitments and renewable energy
procurement goals are encouraging more organizations to invest in distributed
solar projects. This trend is supported by growing consumer preference for
environmentally responsible brands, making distributed solar a strategic choice
for enhancing brand reputation and meeting regulatory requirements.
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Based on Product Type, Polycrystalline
(p-Si) segment dominated the Distributed Solar Power Generation Market in 2024 and
maintain its leadership throughout the forecast period, largely due to its
cost-effectiveness, reliable performance, and wide availability.
Polycrystalline solar panels are made from multiple silicon crystals, which
gives them a distinct appearance and slightly lower efficiency compared to
monocrystalline panels. However, their comparatively lower manufacturing costs
make them an attractive option for a wide range of applications, especially in
distributed solar systems where balancing performance and affordability is
crucial.
One of the key factors driving the
dominance of the polycrystalline segment is its affordability. Polycrystalline
panels are less expensive to produce because the manufacturing process involves
melting raw silicon and pouring it into molds to form multiple crystals
simultaneously. This contrasts with the more energy-intensive and costly
process of growing single silicon crystals used in monocrystalline panels. As a
result, polycrystalline panels provide an economically viable solution for
residential, commercial, and small-scale industrial solar projects, where
budget constraints are often a significant consideration.
Additionally, polycrystalline panels
perform well under a variety of environmental conditions. They are particularly
effective in regions with moderate to high sunlight exposure and can handle
higher temperatures better than some other types, which makes them suitable for
deployment in diverse geographic locations. Their durability and stable output
also contribute to their widespread acceptance in distributed solar
installations, where long-term reliability is essential.
The large-scale production capacity and
mature supply chain for polycrystalline silicon panels further support their
market leadership. Many established manufacturers focus on polycrystalline
technology due to the well-understood production process and the availability
of raw materials, ensuring steady supply and competitive pricing. This
accessibility has helped accelerate the adoption of distributed solar power
systems globally.
Furthermore, government incentives and
subsidies in various countries often make polycrystalline panels an even more
attractive choice for consumers and businesses looking to invest in distributed
solar power. As these panels offer a good balance between cost and efficiency,
they align well with the goals of reducing initial investment costs while
achieving substantial energy generation. In summary, the polycrystalline
silicon segment leads the distributed solar power generation market due to its
cost advantages, reliable performance, and broad applicability. Its ability to
deliver affordable and efficient solar solutions makes it a preferred choice
for a wide range of distributed energy projects worldwide.
Based on region, Asia Pacific is emerging as the
fastest-growing region for the Distributed Solar Power Generation Market, driven
by a combination of favorable government policies, increasing energy demand,
and abundant solar resources. Countries like China, India, Japan, and Australia
are leading the charge by aggressively adopting solar technologies to diversify
their energy mix, reduce carbon emissions, and improve energy security. The
region’s vast population and rapid urbanization are fueling a growing need for
reliable, clean, and decentralized power sources, making distributed solar an
attractive solution.
Government initiatives and supportive
regulatory frameworks play a crucial role in this growth. Many countries in
Asia Pacific have introduced subsidies, tax incentives, and net metering
policies that encourage the installation of solar systems at residential,
commercial, and industrial levels. These policies help reduce upfront costs and
improve the return on investment, accelerating market adoption. Technological advancements and
decreasing costs of solar panels and energy storage systems have also made
distributed solar more accessible to a broader range of consumers and
businesses. Additionally, improvements in grid infrastructure and the rise of smart
grid technologies allow for better integration of distributed solar power,
enhancing reliability and efficiency.
Furthermore, growing environmental
awareness and sustainability commitments among governments, corporations, and
consumers in the region are driving demand for clean energy solutions. This
momentum is further supported by international collaborations and investments
in renewable energy projects. Overall, Asia Pacific’s combination of natural
solar potential, favorable policies, technological progress, and rising energy
needs positions it as the fastest-growing hub for distributed solar power
generation globally.
Key market players in the Distributed
Solar Power Generation Market are: -
- Suntech Power Holding Co. Ltd.
- Trina Solar Ltd
- Canadian Solar Inc.
- Yingli Green Energy Holding Co. Ltd.
- Schott Solar Ag
- Leonics Company Limited
- Hanwha Group
- Sharp Corporation
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“The global distributed solar power generation
market presents significant growth opportunities driven by rising demand for
clean and renewable energy, especially in remote and off-grid areas. Advances
in energy storage and smart grid technologies enable better integration and
reliability of solar systems, opening new avenues for adoption. Increasing
government incentives, declining solar panel costs, and innovative financing
models like solar leases and power purchase agreements are making solar power
more accessible to residential, commercial, and industrial users. Additionally,
growing corporate sustainability goals and climate change awareness further
boost market potential, creating vast opportunities for manufacturers,
developers, and service providers worldwide.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Distributed Solar Power
Generation Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Product Type (Monocrystalline (Mono-SI), Polycrystalline
(p-Si), Amorphous Silicon (A-Si), Concentrated PV Cell (CVP)), By Installation
(Ground Mounted, Roof-Top), By Application (Residential, Commercial,
Utility-Scale), By Region, By Competition, 2020-2030F” has evaluated the future
growth potential of Distributed Solar Power Generation Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Distributed Solar Power Generation Market.
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