Navigant Research Names ENGIE, ABB, and Optimal Power Solutions the Leading Remote Microgrid Companies
Leading companies differentiated themselves through exceptional remote microgrid project development, value chain revenue capture, and a sustainable business model
A new Leaderboard Report from Navigant Research examines the strategy and execution of 12 remote microgrid companies, with ENGIE, ABB, and Optimal Power Solutions ranked as the leading market players.
In 2018, the global market for remote microgrids represented about $3 billion in implementation spending, and it is expected to jump to more than $10.2 billion by 2027. The market’s focus on innovation continues to shift toward business models that reduce capital cost constraints, produce greater standardization, and capture as much of the total available revenue from deployments as possible. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, ENGIE, ABB, and Optimal Power Solutions ranked are the leading remote microgrid companies.
“The market for remote microgrids is evolving, giving way to new business models and technologies that are designed to reduce diesel fuel consumption through renewable energy sources,” says Peter Asmus, research director with Navigant Research. “The leading companies in this space have clearly differentiated themselves through exceptional remote microgrid project development, value chain revenue capture, and a sustainable business model.”
Unlike past microgrid-focused Leaderboard reports, this report considered a variety of companies to illustrate the diversity of vendors seeking opportunity in the remote microgrid space. As a result, a value chain capture metric highlights how different kinds of companies compare on revenue capture from remote microgrid project development.
The report, Navigant Research Leaderboard: Remote Microgrid Players, examines the strategy and execution of 12 leading remote microgrid companies. Threshold scores determine each vendor’s categorization (Leader, Contender, Challenger, etc.). These players are rated on 12 criteria: vision; go-to market strategy; partners; business model innovation; value chain capture; geographic reach; sales, marketing, and distribution; controls approach/provider; system quality and reliability; project portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global remote microgrid market. An Executive Summary of the report is available for free download on the Navigant Research website.
* The information contained in this press release concerning the report, Navigant Research Leaderboard: Remote Microgrid Players, 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.