BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research analyzes the global market for grid edge monitoring and control technologies in light of the proliferation of distributed energy resources (DER), including market forecasts for revenue, segmented by solution, category, and region, through 2024.
Utilities the world over are facing unprecedented challenges and opportunities as DER penetration increases along different points of the distribution grid, particularly at the edge. While utility efforts to date have largely been reactive, in the longer term, grid edge intelligence and automation for DER is expected to spur the development of markets for clean energy resources and services. Click to tweet: According to a recent report from Navigant Research, global revenue for grid edge technologies for DER integration is expected to total $120.3 billion from 2015 to 2024.
“So far, North America, Europe, and Asia Pacific have seen the most penetration of distributed renewables and other resources creating disruptive loads,” says Lauren Callaway, research analyst with Navigant Research. “However, differing grid infrastructures, regulatory goals, and access to technology have led market trends to develop differently in different regions.”
The growing penetration of DER threatens distribution grid stability, greatly complicates the grid management process for utilities, and will influence future utility upgrade needs, according to the report. The structure of the existing distribution grid adds to this problem, primarily due to the lack of intelligence available at the grid edge; greater visibility and control of these factors will be necessary as DER installations increase.
The report, Grid Edge Intelligence for DER Integration, analyzes the global market for grid edge intelligence and automation solutions, equipment, and services. The study provides an assessment of current market drivers and inhibitors, regional trends, technology, and business segments related to grid edge technologies for DER integration, in addition to business recommendations for both vendors and utilities. Global market forecasts for revenue, segmented by solution, category, and region, extend through 2024. The report also profiles key industry players and examines several utilities that have implemented grid edge intelligence and automation solutions to align with more ambitious smart grid initiatives and aggressive regulatory policies. 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 Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Grid Edge Intelligence for DER Integration, 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.
