Installed Distributed Energy Resources Capacity Is Expected to Total $1.9 Trillion in Investment from 2015 to 2024, According to Navigant Research
Europe is expected to lead in growing capacity within the global
DER market, report finds
A recent report from Navigant
Research analyzes the global market for distributed energy resources
(DER) technologies, with forecasts for installed capacity and revenue,
through 2024.
Increasing investment in DER represents a major shift away from the
centralized, one-way electrical grid that has been the status quo for
the past century. DER developments are challenging incumbent grid
operating models, requiring a more dynamic and flexible network with
advanced communications and orchestration to ensure stability,
efficiency, and equality among diverse resources. Click
to tweet: According to a recent report from @NavigantRSRCH,
installed DER capacity is expected to total $1.9 trillion in investment
from 2015 to 2024.
“Rapidly expanding DER investment has generated concern and optimism
throughout the power industry as regulators and grid operators work to
understand the evolving landscape,” says Mackinnon Lawrence, senior
research director with Navigant Research. “The shift away from
centralized generation is going to require grid operators to develop
more innovative technologies and solutions.”
In the coming decade, most countries are expected to see more DER
capacity additions--largely in the form of solar PV, generator sets, and
energy storage--with the ratio of DER capacity deployment compared to
centralized generation expected to reach 5:1 by 2024. According to the
report, North America, Europe, and Asia Pacific are all anticipated to
see high levels of growth in new DER resources.
The report, Distributed
Energy Resources Global Forecast, provides a quantitative
analysis of the global market for DER technologies and assesses the key
regional market developments and technology trends. The technologies and
solutions covered include distributed solar PV (<1 MW), small and medium
wind turbines (<500 kW), microturbines, stationary fuel cells, diesel
and natural gas generator sets (<6 MW), distributed energy storage
systems, microgrids, electric vehicle (EV) charging, and demand
response. Installed capacity and revenue forecasts for 10 leading
countries, as well as their respective regions, extend through 2024.
This report also provides a comparison of DER and conventional
generation deployments over the next decade. An Executive Summary of the
report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Distributed Energy Resources Global Forecast, is a
summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.
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