220 Gigawatts of New Distributed Solar Generation Will be Added by 2018

April 17, 2013

The global electric power industry is evolving from a financial and engineering model that relies on large centralized power plants owned by utilities to one that is more diverse, in terms of both the sources of generation and the ownership of the generation assets.  Distributed solar photovoltaic (PV) systems offer the benefit of producing electricity onsite, thereby reducing the need to build new transmission capacity and avoiding line losses.  According to a new report from Navigant Research, 220 gigawatts of distributed solar PV capacity will be installed between 2013 and 2018, representing $540 billion in revenue during this time.

“Used in applications ranging from residential to small commercial to industrial settings, distributed solar generation offers significant benefits to consumers while adding resiliency to an electric grid evolving beyond the traditional centralized model,” says Dexter Gauntlett, research analyst with Navigant Research.  “Though this market is still primarily driven by government incentives, distributed solar PV will continue its steady march toward grid parity in major markets over the next few years.”

Even as distributed solar technologies have become more cost-effective, many governments are reining in popular feed-in tariffs in leading markets.  The industry is fully aware that lucrative financial incentives will not be around forever.  As a result, many companies are looking at 2017 (the year after solar PV investment tax credits expire in the United States) as the year that solar PV will be able to stand on its own, without government support.

The report, “Distributed Solar Energy Generation”, analyzes the global market for distributed solar PV systems less than 1 megawatt in capacity and provides an assessment of the most important market drivers, technology trends, and challenges faced by the growing distributed solar PV industry.  Forecasts for average installed prices and annual installations, segmented by region, extend through 2018.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Distributed Solar Energy Generation,” 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.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Smart Thermostats Are Expected To Reach Nearly $2.3 Billion in Annual Revenue by 2023
December 19, 2014Interest is growing among utilities, businesses, and consumers, report finds • A recent report from Navigant Research analyzes the global market opportunities for smart and…
Read More »
Revenue from Zero Energy Buildings is Expected to Total Nearly $4.6 Trillion Through 2035
December 18, 2014Government regulations are the most important driver for the spread of ZEBs, report concludes • A recent report from Navigant research defines and analyzes the global market for zero…
Read More »
Utility Distribution Microgrids are Expected to Reach Nearly $6 Billion in Annual Revenue by 2023
December 17, 2014Public power, grid-tied systems represent the fastest-growing segment of the UDM market, report concludes • A new report from Navigant Research analyzes the global market opportunity for utility distribution…
Read More »
Commercial Building Automation Systems are Expected to Exceed $86 Billion in Annual Revenue by 2023
December 15, 2014The revolution in energy efficient lighting is helping to drive the overall market for building automation, report finds • A new report from Navigant Research analyzes the global market for commercial building automation…
Read More »
View All News

{"userID":"","pageName":"220 Gigawatts of New Distributed Solar Generation Will be Added by 2018","path":"\/newsroom\/220-gigawatts-of-new-distributed-solar-generation-will-be-added-by-2018","date":"12\/20\/2014"}