Navigant Research Report Shows the Annual Global Market for the Deployment of Residential Energy & Non-Energy Solutions Is Expected to Reach Nearly $36 Billion in 2027

Energy suppliers can create new solutions-focused revenue
opportunities beyond traditional energy supply

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/DER?src=hash” target=”_blank”gt;#DERlt;/agt;–A new report from Navigant
Research
analyzes the global market for emerging residential energy
and non-energy solutions, examining key market drivers, barriers,
trends, and business models.

Historically, residential customer relationships with utilities have
consisted of transactions to ensure the delivery of reliable power to
the home, or to address challenges such as the loss of power or rate
change inquiries. But today, the global electric power industry is
undergoing a transformation poised to disrupt traditional residential
utility business models while creating new opportunities for residential
utility customers. Click
to tweet
: According to a new report from @NavigantRSRCH,
the annual global market for the deployment of residential energy and
non-energy solutions is anticipated to grow from $6,389.2 million in
2018 to $35,580.2 million by 2027.

“The emergence of residential energy and non-energy solutions alongside
electricity supply business models across distributed energy resources
(DER) and smart home/home energy platforms can create new revenue
opportunities for energy suppliers beyond energy sales in competitive
markets,” says William Tokash, senior research analyst with Navigant
Research. “In regulated energy markets, these new solutions will allow
utilities to better leverage their relationships with their residential
customer base to grow revenue beyond traditional retail energy supply.”

According to the report, residential utility customers stand to benefit
from the move by utilities toward customer solutions and the move by
energy suppliers and technology providers into new home energy and
non-energy solutions markets. These organizations can help customers
increase control over their home energy and non-energy solutions, while
making interactions with their home more convenient and resilient at the
confluence of the DER and smart home technology market.

The report, Market
Data: Emerging Residential Energy and Non-Energy Solutions
,
analyzes the global market for emerging residential energy and
non-energy solutions. These new customer solutions include the following
categories: DER, community energy, smart home/home energy, mobility, and
lifestyle and care. The study examines the key market drivers, barriers,
trends, and business models related to utility residential energy and
non-energy solutions. Global market forecasts, segmented by solution and
region, extend through 2027. 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,
Market Data: Emerging Residential Energy and Non-Energy
Solutions, 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

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