BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the chief market drivers and barriers, as well as the regional and global trends, affecting the deployment of grid edge computing solutions.
As distributed energy resources (DER) spread, so does the growing need for intelligence, control, and flexibility in the distribution grid. This is magnified at the grid edge, where many new disruptive resources and their associated load dynamics are located. The grid edge is defined as the segment of the grid between the distribution substation and a DER network including assets on both the utility supply and customer demand side of the meter. Click to tweet: According to a new report from @NavigantRSRCH, the global market for grid edge computing and distributed intelligence is expected to reach $6.5 billion by 2027.
“Digitization technologies and strategies are pervasive in the grid, and distributed intelligence is being pushed further out on the grid than ever before,” says Michael Hartnack, research analyst with Navigant. “In the long term, grid edge intelligence and automation will enable the proactive development of markets for aggregated clean resources and services; reliable, efficient, and self-healing power delivery networks; and end-to-end integrated grid management strategies.”
According to the report, most current and past utility efforts have been largely reactive, focused on issues caused by distribution grid asset failures, renewables intermittency, shifting loads, capacity constraints, and bidirectional power flows. The report identifies and discusses the most important developments in grid edge computing technology poised to lead the grid edge into the future, including advanced metering infrastructure, distribution automation, Volt/VAR optimization, smart inverters, and DER integration.
This report, Edge Computing and Distributed Intelligence for Grid Operations, defines the technologies and strategies being deployed at the grid edge. The study examines the chief market drivers and barriers, as well as the regional and global trends, affecting the deployment of grid edge computing solutions. Global market forecasts, segmented by category, technology, and region, extend through 2027. The report also provides an overview of grid edge computing applications and the key industry players. 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, Edge Computing and Distributed Intelligence for Grid Operations, 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.