Remote Microgrids Will Surpass $8.4 Billion in Annual Revenue by 2020

September 25, 2013

Operating in isolation from the wider power grid, remote microgrids are multiplying thanks to a combination of factors that include high costs for existing energy services in many parts of the world and declining costs for solar photovoltaics and other renewable distributed energy generation technologies.  According to a new report from Navigant Research, worldwide revenue from remote microgrids will grow from $3.1 billion in 2013 to more than $8.4 billion in 2020.

“Remote microgrids, especially ones that operate on physical islands, are viewed by the market as low-hanging fruit,” says Peter Asmus, principal research analyst with Navigant Research.  “Since remote microgrids are the most lucrative of current microgrid opportunities, in terms of per-megawatt vendor revenues, we are witnessing an influx of firms, both large and small, trying to figure out the best business model to deploy. Not surprisingly, the largest number of remote microgrids is being deployed in the developing world, although activity is also increasing in Europe and North America.”

While remote power systems number in the thousands, many are still powered by diesel generation.  Others showcase smarter and much cleaner combustion technologies that are capable of reducing diesel consumption by as much as one-third, even without any renewable generation, according to the report.  When renewable distributed energy generation is added to the mix, these remote systems begin to look like the classic microgrids that have been the focus of funding from the U.S. Department of Energy and Department of Defense.

The report, “Remote Microgrids”, analyzes the global market for remote microgrids in four key segments: commodity extraction, physical islands, village electrification, and remote military.  The study provides an analysis of the market issues, including business cases, opportunities, and implementation challenges, associated with remote microgrids.  Global market forecasts for capacity and revenue, broken out by segment and region, extend through 2020.  The report also examines the key technologies related to remote microgrids, as well as the competitive landscape.  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, “Remote 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.

Register to Receive Updates

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

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
Capacity of Lithium Ion Batteries for Plug-In Electric Vehicle Second-Life Stationary Energy Storage is Expected to Grow 10 GWh From 2022 to 2035
Automotive original equipment manufacturers have new business models for developing stationary energy storage system projects • A recent report from Navigant Research explores the concept of reusing plug-in electric vehicle…
Read More »
Cumulative Global Wind Blade Revenue is Expected to Total $72.4 Billion from 2016 to 2025
Consolidation in the wind turbine market is forcing companies along the wind blade value chain to assess supply chain dynamics and strategy • A new report from Navigant Research assesses the global wind blade market, focusing on…
Read More »
The Global Smart Waste Collection Technology Market is Expected to Exceed $223 Million in 2025
Commercially viable smart waste technologies and an increasing interest in connectivity and city IoT networks are expected to foster market growth • A new report from Navigant Research examines the global market for smart waste collection…
Read More »
Trends in Emerging Mobility Services are Converging to Influence and Reshape the Future Transportation Market
Opportunities for market players to lead in this new space are expected to last for only the next few years • A new report from Navigant Research examines the trends associated with emerging mobility services…
Read More »
View All News

{"userID":"","pageName":"Remote Microgrids Will Surpass $8.4 Billion in Annual Revenue by 2020","path":"\/newsroom\/remote-microgrids-will-surpass-8-4-billion-in-annual-revenue-by-2020","date":"12\/3\/2016"}