Exploring the business case for implementing green-tech corporate strategies

Green Technology Journal

Subscribe to Green Technology Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Green Technology Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Green Technology Journal Authors: Liz McMillan, Elizabeth White, Greg Schulz, Allison Thomas, Paul Miller

Related Topics: Green Technology Journal

News Feed Item

Annual Revenue of Grid Edge Technologies for Distributed Energy Resources Integration is Expected to Reach $14.5 Billion by 2024, According to Navigant Research

A new 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.

Market liberalization, economic pressures, and environmental regulations are currently moving the global utility industry down a path of fewer centralized power plants toward more DER to address future energy needs. As DER penetration increases, utilities are expected to adopt grid edge monitoring and control technologies, enabling the proactive development of markets for aggregated clean resources and services, service-oriented business models, and end-to-end integrated grid management strategies. Click to tweet: According to a new report from Navigant Research, global revenue for grid edge technologies for DER integration is expected to reach $14.5 billion annually by 2024.

“There is a growing need for more intelligence, control, and agility in the distribution grid, particularly at the edge, where many new disruptive resources and loads are located,” says Lauren Callaway, research analyst with Navigant Research. “This means leveraging existing advanced metering infrastructure (AMI) networks and legacy control systems, in addition to deploying emerging technologies that are uniquely designed to optimize the grid in the presence of DER.”

As the DER landscape continues to evolve, exchanges between vertical and horizontal actors are becoming more common, according to the report. The traditional, vertically integrated utility model is eroding to differing degrees regionally, and power management and delivery is increasingly peppered with outside horizontal offerings in the form of both business-to-business and business-to-consumer solutions.

The report, Grid Edge Intelligence for DER Integration, analyzes the global market for grid edge monitoring and control 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 is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. 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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.