Europe is expected to lead in growing capacity within the global DER market
A recent report from Navigant Research analyzes the global market for distributed energy resources (DER) technologies, with forecasts for installed capacity and revenue, through 2024.
Increasing investment in DER represents a major shift away from the centralized, one-way electrical grid that has been the status quo for the past century. DER developments are challenging incumbent grid operating models, requiring a more dynamic and flexible network with advanced communications and orchestration to ensure stability, efficiency, and equality among diverse resources. Click to tweet: According to a recent report from @NavigantRSRCH, installed DER capacity is expected to total $1.9 trillion in investment from 2015 to 2024.
“Rapidly expanding DER investment has generated concern and optimism throughout the power industry as regulators and grid operators work to understand the evolving landscape,” says Mackinnon Lawrence, senior research director with Navigant Research. “The shift away from centralized generation is going to require grid operators to develop more innovative technologies and solutions.”
In the coming decade, most countries are expected to see more DER capacity additions–largely in the form of solar PV, generator sets, and energy storage–with the ratio of DER capacity deployment compared to centralized generation expected to reach 5:1 by 2024. According to the report, North America, Europe, and Asia Pacific are all anticipated to see high levels of growth in new DER resources.
The report, Distributed Energy Resources Global Forecast, provides a quantitative analysis of the global market for DER technologies and assesses the key regional market developments and technology trends. The technologies and solutions covered include distributed solar PV (<1 MW), small and medium wind turbines (<500 kW), microturbines, stationary fuel cells, diesel and natural gas generator sets (<6 MW), distributed energy storage systems, microgrids, electric vehicle (EV) charging, and demand response. Installed capacity and revenue forecasts for 10 leading countries, as well as their respective regions, extend through 2024. This report also provides a comparison of DER and conventional generation deployments over the next decade. 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, Distributed Energy Resources Global Forecast, 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.