Technology trends are making cost-effective C&I microgrids increasingly attractive options
A new report from Navigant Research examines the global market for commercial and industrial (C&I) microgrids, providing global market forecasts for capacity and revenue, segmented by region, application, and customer class, through 2026.
The C&I microgrid segment is quickly maturing as risk-averse energy managers become more comfortable with the microgrid platform following its success in other segments. C&I microgrids enjoys unique advantages in that clients are often fiscally sound, capital rich, and value innovation in business models. In addition, reliability is highly valued, allowing project portfolios to scale rapidly, replicating commercial success within short development cycles. Click to tweet: According to a new report from @NavigantRSRCH, the global capacity of C&I microgrids is expected to grow dramatically from 448.3 MW in 2017 to 5,389.1 MW annually by 2026.
“The C&I microgrid market has historically been slow to develop due primarily to the lack of a clear value proposition based on the return on investment for microgrids,” says Peter Asmus, principal research analyst with Navigant Research. “Today, regulations and technology trends for solar PV, advanced batteries, smart inverters, and sophisticated software controls are making cost-effective C&I microgrids an increasingly attractive option for a variety of customers.”
In 2017, C&I microgrids—both grid-tied and remote—capture just under 20 percent of the total implementation spend. By 2026, that market spending share is anticipated to surge beyond 35 percent, according to the report.
The report, C&I Microgrids, analyzes the global market for C&I microgrids, with a focus on the grid-tied commercial, grid-tied industrial, remote commercial, and remote industrial microgrid segments. Global market forecasts for capacity and revenue, segmented by region, application, and customer class, extend through 2026. The study provides prime mover capacity and revenue forecasts for upstream oil & gas as a reference. It also examines key market, technology, and regulatory trends related to C&I microgrids, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, C&I Microgrids, 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.