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Energy for All by 2030
Navigant Research Report Finds the Global Market for Off-Grid DER Implementation Is Expected to Total Approximately $350 Billion between 2018 and 2027
Savings in operations costs and access to previously unavailable energy services is driving market growth across the residential and commercial and industrial sectors
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.
“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.
Source: Navigant Research, BusinessWire