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Distributed Energy Generation Market to Reach USD 884.8 Billion by 2033, Driven by Renewable Energy Adoption, Grid Modernization, and Decentralized Power Infrastructure

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Global market projected to expand at a CAGR of 6.4% from 2026 to 2033 as governments, utilities, and enterprises accelerate investments in resilient and low-carbon energy systems.

SAN FRANCISCO, June 18, 2026 /PRNewswire/ — The global distributed energy generation market is entering a new phase of expansion as countries worldwide intensify efforts to modernize power infrastructure, strengthen grid resilience, and accelerate the transition toward cleaner energy systems. According to a recent industry analysis by Grand View Research, the global distributed energy generation market was valued at USD 538.2 billion in 2025 and is expected to grow from USD 572.1 billion in 2026 to USD 884.8 billion by 2033, registering a compound annual growth rate (CAGR) of 6.4% during the forecast period.

Distributed energy generation (DEG) refers to decentralized power production technologies located near the point of consumption, including solar photovoltaic systems, wind turbines, fuel cells, combined heat and power systems, microturbines, and other localized energy assets. These systems are transforming how electricity is generated, distributed, and consumed by reducing dependence on centralized power plants and improving energy reliability.

As energy security becomes a strategic priority for governments and businesses alike, distributed generation technologies are emerging as critical components of next-generation energy infrastructure. Rising electricity demand, increasing renewable energy deployment, and growing concerns regarding grid resilience are creating favorable conditions for sustained market growth.

Industry analysts note that the shift toward decentralized power systems is being reinforced by supportive government policies, advancements in energy storage technologies, and growing investments in smart grid infrastructure. Organizations across residential, commercial, and industrial sectors are increasingly adopting distributed generation solutions to reduce operating costs, improve sustainability performance, and ensure uninterrupted access to electricity.

Solar Photovoltaic Technology Maintains Market Leadership

Among all technology segments, solar photovoltaic (PV) systems continue to dominate the global distributed energy generation landscape. The solar PV segment accounted for 61.3% of total market revenue in 2025, making it the largest technology category within the industry.

Several factors are contributing to solar PV’s strong position, including declining module prices, expanding rooftop solar installations, favorable regulatory incentives, and increasing integration with battery storage systems. Solar photovoltaic technology is also projected to be the fastest-growing technology segment through 2033, with an anticipated CAGR of 8.3%.

The growing availability of high-efficiency panels, smart inverters, and digital energy management platforms is further enhancing the economic viability of distributed solar projects. Commercial facilities, manufacturing plants, educational institutions, healthcare centers, and residential consumers are increasingly investing in onsite solar generation to reduce electricity costs and achieve sustainability objectives.

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Asia Pacific Emerges as the Largest Regional Market

Geographically, Asia Pacific remains the largest market for distributed energy generation, accounting for 34.9% of global revenue in 2025. Rapid urbanization, industrial development, population growth, and government-backed renewable energy initiatives continue to drive adoption throughout the region.

Countries across Asia Pacific are actively expanding rooftop solar programs, distributed wind projects, hybrid microgrids, and battery storage installations. The region’s extensive manufacturing ecosystem for solar panels, inverters, and energy storage technologies has also contributed to lower deployment costs and broader market accessibility.

China continues to play a particularly significant role in regional growth. Large-scale distributed solar deployment initiatives, strong domestic manufacturing capabilities, and long-term renewable energy targets have positioned the country as a key contributor to global market expansion.

Latin America Poised for Accelerated Growth

While Asia Pacific currently leads the market, Latin America is expected to emerge as the fastest-growing regional market during the forecast period. The region is projected to achieve a CAGR of 14.5% through 2033, supported by expanding electricity demand, favorable distributed solar policies, and increasing investments in decentralized energy infrastructure.

Countries throughout Latin America are implementing net metering programs and distributed generation incentives designed to improve energy accessibility while reducing pressure on centralized transmission networks. As solar installation costs continue to decline, both residential and commercial adoption rates are expected to accelerate significantly.

Grid Modernization and Energy Storage Reshape Industry Dynamics

A major trend influencing market development is the integration of distributed energy resources with advanced digital technologies. Utilities and energy providers are increasingly deploying smart grid systems, microgrids, energy management platforms, and virtual power plant models to optimize energy production and consumption.

Energy storage technologies are also playing a pivotal role in enabling greater penetration of distributed renewable generation. Advances in lithium-ion battery systems and intelligent storage management solutions are helping address intermittency challenges associated with renewable energy resources.

The combination of distributed generation and energy storage is creating new opportunities for consumers and businesses to become active participants in energy markets while enhancing overall grid stability.

Corporate Sustainability Goals Drive Commercial Adoption

Beyond policy support and technological innovation, growing corporate sustainability commitments are becoming a major catalyst for market expansion. Businesses across multiple industries are adopting distributed generation solutions to reduce carbon emissions, improve energy resilience, and meet environmental, social, and governance (ESG) objectives.

Data centers, manufacturing facilities, healthcare institutions, and commercial campuses are increasingly investing in onsite renewable generation and storage systems to mitigate energy risks and improve operational efficiency. This trend is expected to remain a key growth driver throughout the forecast period.

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Competitive Landscape

The distributed energy generation market is characterized by active innovation and strategic investment from leading global energy and technology companies. Market participants are focusing on expanding renewable energy portfolios, strengthening energy storage capabilities, and developing intelligent grid management solutions.

Key companies operating within the market include Tesla, Siemens AG, Schneider Electric SE, General Electric, ABB Ltd., Enel Green Power, SMA Solar Technology AG, Bloom Energy Corporation, NextEra Energy, Inc., and Honeywell International Inc.

These organizations continue to invest in advanced distributed energy technologies, digital monitoring platforms, microgrids, and virtual power plant capabilities to address evolving customer requirements and support the global transition toward decentralized energy systems.

Looking Ahead

As nations pursue ambitious decarbonization targets and energy resilience strategies, distributed energy generation is expected to become an increasingly important pillar of the global energy ecosystem. Continued advancements in renewable technologies, battery storage systems, and digital energy management platforms are likely to accelerate adoption across all major regions.

With market value projected to reach USD 884.8 billion by 2033, distributed energy generation is positioned to play a critical role in enabling a more sustainable, reliable, and flexible energy future.

To learn more about growth opportunities in the Distributed Energy Generation Market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Browse Investment Insights by Grand View Research – a dedicated, scalable fundamental research platform designed to function as a seamless extension of investment teams across the buy-side and sell-side ecosystem.

Contact:
Michelle Thoras
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Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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SOURCE Grand View Research, Inc

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Coreline Soft and Mint Medical Announce Partnership to Advance AI-Enabled Lung Cancer Screening

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HEIDELBERG, Germany and SEOUL, South Korea, June 18, 2026 /PRNewswire/ — Coreline Soft and Mint Medical today announced a partnership to advance AI-enabled lung cancer screening, following more than six months of technical collaboration and integration work. Through this collaboration, Coreline Soft’s AI imaging platform AVIEW has been integrated into mint Lesion, Mint Medical’s flagship platform for structured reporting and standardized imaging data management, to support clinical lung cancer screening workflows.

The partnership supports an end-to-end workflow connecting AI-powered pulmonary nodule detection, multi-disease analysis, structured reporting, longitudinal nodule tracking, and multi-site reading management. While initially focused on Germany, where LDCT-based lung cancer screening entered statutory health insurance reimbursement in April 2026, the collaboration is designed to scale across international markets where structured and operationally rigorous screening programs are emerging.

Background: Why Germany, Why Now

Germany’s national screening framework requires double reading by independent institutions, CAD software utilization, longitudinal follow-up, quality assurance, and GDPR-compliant multi-site data management. In this context, AI’s role has evolved from optional decision support to operational necessity. What hospitals now require is not simply a high-performing algorithm, but an integrated workflow that connects detection, structured reporting, and follow-up into a reliable, scalable system. This collaboration is built to meet that requirement — and to serve as a replicable model for other national programs adopting similar standards.

“With the integration of Coreline Soft’s AI solution into mint Lesion, we are specifically addressing the requirements of lung cancer screening and enabling scalable, quality-assured workflows, longitudinal follow-up, and optimized interaction with AI results. Coreline Soft contributes an established and clinically validated solution that complements our structured reporting workflows very well. The partnership also allows us to bring the full workflow to our markets in a consolidated way and provide hospitals with seamless access.”
— Onur Özek, Managing Director, Mint Medical

“Coreline Soft has developed AI that goes beyond pulmonary nodule detection, analyzing findings related to lung cancer, COPD, and coronary artery calcification from a single chest CT through opportunistic analysis. Mint Medical’s mint Lesion platform connects those AI-derived findings to structured reporting and longitudinal patient management, which is exactly what Germany’s national screening infrastructure demands. When detection, structured reporting, and follow-up management are joined in a single operational flow, AI becomes the infrastructure that transforms how a healthcare system operates.”
— Jin-Kook Kim, CEO, Coreline Soft

Coreline Soft’s AVIEW has been applied in over 2.5 million real-world clinical reads across hospitals in 19 countries, and is the adopted AI solution in major lung cancer screening initiatives including HANSE (Germany), IMPULSION (France), and RISP (Italy).
Through the mint Lesion platform, partner technologies are incorporated directly into the radiologist’s reading process, supporting standardized data collection from medical images. The open environment allows radiologists to utilize AI-augmented third-party applications while documenting findings in a structured format.
The integration of AVIEW into mint Lesion is designed to enable AI-detected lung nodule findings to be incorporated into structured reporting workflows, supporting Lung-RADS classifications, volume doubling time (VDT) calculations, and follow-up planning. This helps reduce manual workload and improve consistency across multi-site lung cancer screening operations.

About Coreline Soft
Coreline Soft is a medical AI company that develops and commercializes AI-powered chest CT imaging software. Its flagship AI platform, AVIEW, simultaneously detects pulmonary nodules, quantifies emphysema, and assesses coronary artery calcification from a single low-dose chest CT — delivering multiple clinical insights without additional imaging.

About Mint Medical
Mint Medical, a Snke company, is a global leader in software solutions for structured reporting and data-driven radiology. Its flagship platform, mint Lesion, streamlines the diagnostic workflow in clinical routine and research by transforming medical images into high-quality, reproducible data. Mint Medical provides a vendor-neutral ecosystem that integrates advanced, AI-augmented solutions from third-party partners — including automated lesion detection and segmentation — directly into the radiologist’s reading process. By bridging the gap between imaging findings and standardized clinical criteria, Mint Medical enables the precise, longitudinal assessments essential for the advancement of precision medicine.

Media Contacts
Coreline Soft
General Inquiries
Email: global.mkt@corelinesoft.com

PR Inquiries
Youna Kim, PR Manager
Email: youna.kim@corelinesoft.com

Subject Matter Expert
Franck Ruiz, Marketing Management
Email: franck.ruiz@corelinesoft.com

Mint Medical
Media Inquiries
Corina Leibli, VP MarCom
Email: corina.leibli@mint-medical.com
Phone: +49 6221 32180-21 (CET+1)

Subject Matter Expert
Dr. Sigrid Auweter, Product Management
Email: sigrid.auweter@mint-medical.com

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Mobility Technology Firm KPIT Expands its Vietnam Presence with New Center and University Partnerships

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Partnering with leading universities and creating 100+ job opportunities, KPIT signals long-term commitment to Vietnam’s technology talent ecosystem.

HANOI, Vietnam, June 18, 2026 /PRNewswire/ — KPIT Technologies, a global technology partner to the Automotive and Mobility ecosystem, announced an expansion of its Vietnam presence with the inauguration of a new technology center in Hanoi and strategic collaborations with two leading universities. With over 25 years of specialized expertise in mobility, experience across 2000+ vehicle production programs, and software powering 20+ million vehicles on the road, this marks an important step in KPIT’s long-term commitment to Southeast Asia and its vision to help shape the future of Mobility.  

A strategic base for Southeast Asia’s Mobility growth

The global mobility industry is focusing on strengthening its competitive advantage by reducing vehicle costs, improving manufacturing efficiency, faster release of vehicles and features, and differentiated consumer experiences. Southeast Asia is emerging as an important region in the mobility value chain. For KPIT, Vietnam represents both a strong local opportunity and a strategic gateway into a fast-evolving regional ecosystem. The new technology center will serve as a hub for engineering, innovation, and collaboration, supporting mobility programs across Southeast Asia and the broader Asia-Pacific region.

KPIT’s growing presence in Vietnam reflects its strategy of being close to the markets where mobility is being reimagined. The company already works with Mobility leaders across Germany, Japan, USA, China, India and other markets.

The Vietnam center has already employed several local engineers and will add 100+ positions in the near future.

Building a long-term talent ecosystem and job opportunities in Vietnam

As part of its long-term vision for the country, KPIT has also signed Memorandums of Understanding with Hanoi University of Science and Technology (HUST- is Vietnam’s first and leading technical university, known for its strong academic tradition, quality faculty, and research achievements); and VinUniversity (VinUni is a private, not-for-profit university built to international standards, with strategic collaborations with Cornell University and the University of Pennsylvania). These partnerships are aimed at strengthening industry-academia collaboration, developing next-gen Mobility talent, and creating huge job opportunities for students and young professionals in Vietnam.

Commenting on the expansion, Sachin Tikekar, President & Joint MD, KPIT Technologies, said, “Vietnam is an important long-term market and talent hub for KPIT in Southeast Asia. We see strong potential in its talent, energy, and pace of innovation, with both homegrown and global vehicle makers continuing to invest in the country. With our new technology center and partnerships with leading universities, we are committed to building local talent, creating high-quality jobs, and establishing a meaningful long-term presence in the region.” 

About KPIT

KPIT is reimagining mobility to create a cleaner, smarter, and safer world. With 25+ years of expertise, KPIT is transforming Software and AI-Defined Vehicles. www.kpit.com 

Media Contact

Sunil Ravish
Sr. Director – Marketing, Media Relations
sunil.r@kpit.com 

Photo: https://mma.prnewswire.com/media/2997180/KPIT_Vietnam_office_inauguration.jpg

 

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Vibefam Raises US$1 Million to Build an AI-Powered Operating System for Fitness Businesses

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SINGAPORE and NEW YORK, June 18, 2026 /PRNewswire/ — Vibefam, the all-in-one operating system for fitness businesses, announced the completion of a US$1 million seed funding round led by a Singapore-based family office with a strong track record of backing category-defining technology companies. In addition to capital, the investor brings deep operating insight and a network built through years of supporting founders and working alongside leading venture investors.

Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users. The platform supports a diverse range of fitness businesses, including Pilates studios, yoga studios, strength and conditioning gyms, dance academies, martial arts schools, and boutique fitness brands.

The investment will accelerate Vibefam’s mission to help fitness businesses launch, operate, and scale through a unified platform that combines operations, payments, customer engagement, and growth solutions within a single platform.

The funding comes at a time when fitness operators are increasingly seeking intelligent operating platforms that unify operations, payments, and customer engagement, replacing fragmented technology stacks and legacy software platforms.

“Fitness businesses deserve technology that works as hard as they do,” said Serene Lim, Co-Founder and CEO of Vibefam. “Many operators still juggle multiple disconnected systems to manage bookings, payments, customer communication, marketing, and reporting. We’re building a platform that brings everything together, helping businesses operate more efficiently while delivering better experiences to their customers.”

The newly raised capital will primarily be invested into artificial intelligence and embedded financial services, two areas the company believes will fundamentally reshape how service businesses operate.

In July 2026, Vibefam will launch Vibe AI, a messaging-native customer engagement platform that allows members to interact with fitness businesses through natural conversations. From answering enquiries and recommending classes to completing bookings and re-engaging inactive customers, the platform helps businesses deliver instant service at scale without increasing administrative workload.

The company is also expanding its embedded finance capabilities through a growing network of financial partners, enabling eligible businesses to access funding directly within the Vibefam platform to support expansion, hiring, equipment purchases, and working capital needs. By leveraging operational data already available on Vibefam, eligible businesses can gain faster access to growth capital with significantly reduced paperwork and approval times.

“We believe the future of business software will be proactive, intelligent, and deeply embedded into the daily operations of every business,” Lim added. “The opportunity extends far beyond managing bookings and payments. We’re building infrastructure that helps fitness businesses acquire customers, automate operations, access capital, and make better decisions every day.”

The funding will support continued product development, strategic hiring, and the expansion of Vibefam’s AI and embedded finance capabilities as the company continues its evolution into a comprehensive operating system for fitness businesses.

About Vibefam

Vibefam is an AI-powered operating system for fitness businesses. The platform helps gyms, studios, and wellness operators manage scheduling, memberships, payments, customer engagement, reporting, and growth from a single platform. Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users.

Vibefam is also backed by leading early-stage investors including Hustle Fund and Ignite Asia, alongside strategic investors and operators from the fitness and wellness industry who bring deep expertise in building and scaling consumer and service businesses.

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SOURCE Vibefam

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