BOULDER, Colo.--(BUSINESS WIRE)--Navigant Research today announced the launch of its Energy Storage Forecast Data Service, which provides quarterly market insights on the emerging energy storage technologies and applications for the largest global markets.
Powered by Navigant Research’s energy storage forecast models, this Data Service enables users to prioritize investment targets in markets that are expected to grow rapidly, while monitoring those that are expected to emerge, decline, or flatten in the mid-to-long term. By delivering market forecast data both visually and in numerical tables, users can quickly appreciate macro trends and then delve into specific market segments for greater insights.
“The energy storage market is experiencing significant growth in terms of emerging markets, utility procurements, M&A activity, and business models,” says Anissa Dehamna, principal research analyst with Navigant Research. “By incorporating regulatory, policy, procurement, supply chain, and financing developments into our market forecasts, the Energy Storage Forecast Data Service delivers timely, actionable market intelligence.”
Decision makers can use the Data Services platform to create customized views and sort data by product or service type, region or country, price, and manufacturer, or additional customization can be developed upon request. These offerings allow energy professionals to anticipate market disruption, understand likely changes in the future product mix, and evaluate the entire market ecosystem of suppliers, influencers, manufacturers, and customers.
Data is updated on a quarterly basis, with the 10-year forecasts revised based on Navigant Research’s continual tracking of the latest trends, as well as expanding data sources for product sales. Market forecasts include seven applications, up to 10 technologies (e.g., pumped storage, flywheels, ultracapcitors, power-to-gas, lithium ion, flow, and advanced lead-acid batteries), and as many as nine building types and 26 country markets. The market size is measured in megawatts, megawatt-hours, and installed system revenue.
The Energy Storage Forecast Data Service is the latest in a family of interactive tools that forecast the future trends in innovation for the clean energy industry. Navigant Research also offers the Energy Storage Projects Data Service, which provides project data -- including the participating companies and project scale -- on current and newly commissioned energy storage projects across the globe.
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 Energy Storage Forecast Data Service 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. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.