Navigant Research Report Shows Global Annual Spending on DER Self-Consumption Enabling Technologies is Expected to Exceed $192 Billion in 2027
October 30, 2018
Asia Pacific, North America, and Europe are expected to hold
leading market shares during the next decade
BOULDER, Colo.–(BUSINESS WIRE)–#DER–A new report from Navigant
Research analyzes the global market for distributed energy resources
(DER) self-consumption enabling technologies, providing forecasts for
spending, segmented by component and region, through 2027.
Self-consumption is becoming the most important business model for
selling DER in markets with few incentives. This model is focused on
capturing the most value possible from energy consumers at the
consumption point. Click
to tweet: According to a new report from @NavigantRSRCH,
global annual spending on DER self-consumption enabling technologies is
expected to grow from $70.8 billion in 2018 to more than $192 billion in
2027.
“The technologies needed to increase self-consumption are available
today, but they have been developed in their own silos, which is why few
integrated solutions exist in the market,” says Roberto Rodriguez
Labastida, senior research analyst at Navigant Research. “Instead, the
focus is on technologies that enable the deployment of
self-consumption-focused installations but are not necessarily deployed
as an integrated system, including energy-focused technologies as well
as some that are part of the wider smart home or Industrial Internet of
Things ecosystems.”
During the next decade, spending on these technologies is expected to be
distributed almost evenly between Asia Pacific, North America, and
Europe, with projected market shares of 38%, 32%, and 26%, respectively.
According to the report, Latin America and the Middle East & Africa are
expected to have market shares of just 3% and 1%.
The report, DER
Self-Consumption Enabling Technologies, examines the global
market for DER self-consumption enabling technologies, including
communications, monitoring, forecasting, smart devices, electric vehicle
chargers, solar photovoltaics, and energy storage. The study analyzes
the market issues, such as drivers, barriers, and case studies,
associated with the DER self-consumption business model. Global market
forecasts for spending, segmented by component and region, extend
through 2027. The report also examines the key DER self-consumption
enabling technologies, as well as the major global trends related to the
self-consumption model. 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, DER Self-Consumption Enabling Technologies, 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.
Contacts
Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
lindsay.funicello.paul@navigant.com