Friday November 2, 2018 0 comments
BOULDER -- Global annual spending on distributed energy resources (DER) self-consumption enabling technologies is expected to grow from $70.8 billion in 2018 to more than $192 billion in 2027, according to a new report from Navigant Research.
The report analyzes the DER, providing forecasts for spending, segmented by component and region, through 2027.
According to Navigant, 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
“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,” said Roberto Rodriguez Labastida, Navigant’s senior research analyst.
“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.