BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research analyzes the global market for off-grid distributed energy resources (DER) technologies and provides a summary of innovative uses and business models, along with forecasts, through 2027.
Compared to traditional pure diesel generator sets (gensets), off-grid DER solutions are becoming an attractive option to power remote locations or geographic areas without grid access. The market for off-grid DER began developing in the 1990s, and today, declines in the manufacturing costs of solar PV, energy storage systems, and power electronics are encouraging further growth. Click to tweet: According to a new report from @NavigantRSRCH, the global market for off-grid DER implementation is expected to total approximately $350 billion between 2018 and 2027, with most deployments taking place in South-Saharan Africa, India, and Southeast Asia.
“While it might seem that the growth of off-grid DER will not have an impact in the developed world, outside of difficult-to-reach locations, the lessons traditional players can learn from their off-grid counterparts are many,” says Roberto Rodriguez Labastida, senior research analyst with Navigant Research. “Off-grid companies have learned to embrace technology, to be nimble, and above all, to bring value by offering products that are a priority for their customers.”
According to the report, in the economics-driven commercial and industrial (C&I) sector, integrated off-grid DER solutions offer significant savings in operations and maintenance costs versus pure fuel-based solutions. In the residential sector, off-grid DER solutions are expected to soar thanks to a significant population lacking access to energy services.
The report, Off-Grid DER Innovations, provides a quantitative analysis of the global market for off-grid DER technologies and a summary of innovative uses and business models. The study focuses on the deployment of integrated DER solutions in the C&I, residential, and personal/untethered segments, including microgrids, pico systems, solar home systems (SHSs), nanogrids, and transport applications. Global market forecasts, segmented by region, application, system type, and segment, extend through 2027. The report also examines the telecommunications, resource extraction, and multi-user off-grid electrification applications for off-grid DER. 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, Off-Grid DER Innovations, 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.