BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the global market for distributed natural gas-fueled generation (DNGG) for residential, commercial, industrial, and utility applications, including forecasts for capacity and revenue, through 2025.
Despite recent slowdowns in the oil & gas market, DNGG is positioned for growth, with key drivers such as demand for reliable power, stricter environmental standards, and the decreasing costs of onsite generation relative to alternatives like grid power. In addition, DNGG’s related technologies are placed at the intersection of two of today’s biggest energy trends: the proliferation of distributed energy resources and the growing abundance of cheap oil & gas. Click to tweet: According to a new report from @NavigantRSRCH, the global market for new DNGG installations is expected to grow from $12.6 billion in 2016 to $35.9 billion by 2025.
“DNGG is cleaner than diesel or coal generation and, unlike renewables, doesn’t rely on the sun or wind in the production of critical power,” says Adam Forni, senior research analyst with Navigant Research. “With fuel prices low and environmental policies favoring natural gas, global demand is growing from a wide range of segments—from residential, to industrial, to utilities.”
DNGG is expected to serve both the developed world and developing nations, according to the report. In the developed world, emissions regulations will help DNGG continue to displace higher-emitting incumbents like diesel generator sets, while developing nations will incorporate more DNGG to meet reliability requirements and satisfy growing electricity demand.
The report, Market Data: Distributed Natural Gas-Fueled Generation, analyzes the global market for DNGG for residential, commercial, industrial, and utility applications. The study provides an analysis of key market and technology developments and covers natural gas gensets (less than 6 MW), stationary fuel cells, and microturbines. Global market forecasts for capacity and revenue, segmented by technology and region, extend through 2025. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Market Data: Distributed Natural Gas-Fueled 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.