Friday July 27, 2018 0 comments
BOULDER -- According to a new report from Navigant Research, the global market for grid edge computing and distributed intelligence is expected to reach $6.5 billion by 2027.
The report examines the chief market drivers and barriers, as well as the regional and global trends, affecting the deployment of grid edge computing solutions.
As distributed energy resources (DER) spread, so does the growing need for intelligence, control, and flexibility in the distribution grid. This is magnified at the grid edge, where many new disruptive resources and their associated load dynamics are located.
The grid edge is defined as the segment of the grid between the distribution substation and a DER network including assets on both the utility supply and customer demand side of the meter
“Digitization technologies and strategies are pervasive in the grid, and distributed intelligence is being pushed further out on the grid than ever before,” said Michael Hartnack, Navigant research analyst.
“In the long term, grid edge intelligence and automation will enable the proactive development of markets for aggregated clean resources and services; reliable, efficient, and self-healing power delivery networks; and end-to-end integrated grid management strategies.”
According to the report, most current and past utility efforts have been largely reactive, focused on issues caused by distribution grid asset failures, renewables intermittency, shifting loads, capacity constraints, and bidirectional power flows.
The report identifies and discusses the most important developments in grid edge computing technology poised to lead the grid edge into the future, including advanced metering infrastructure, distribution automation, Volt/VAR optimization, smart inverters, and DER integration.
This report, Edge Computing and Distributed Intelligence for Grid Operations, defines the technologies and strategies being deployed at the grid edge. The study examines the chief market drivers and barriers, as well as the regional and global trends, affecting the deployment of grid edge computing solutions.
Global market forecasts, segmented by category, technology, and region, extend through 2027. The report also provides an overview of grid edge computing applications and the key industry players.
An Executive Summary of the report is available for free download on the Navigant Research website.