Market Research Report
Market Data - Distributed Energy Storage and Solar PV - Global Market Drivers, Trends, and Forecasts for the Distributed Energy Storage and Solar PV Industry: 2021-2030
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||1001963|
|Published||Content info||40 Pages; 69 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - Distributed Energy Storage and Solar PV - Global Market Drivers, Trends, and Forecasts for the Distributed Energy Storage and Solar PV Industry: 2021-2030|
|Published: April 23, 2021||Content info: 40 Pages; 69 Tables, Charts & Figures||
Driven by cost and performance improvements, an uptick in renewable generation capacity, grid-modernization plans, improved opportunities for wholesale market participation, national and local government financial incentives and deployment mandates, and phase-outs of feed-in tariffs (FITs) or net metering, 2020 proved transformational for the distributed energy storage (DES) industry. Moving into 2021, the question is whether the burgeoning DES industry will be able to maintain its current path of rapid growth. All signs suggest that it will, and a desire for self-sufficiency and improved resiliency are a major reason why.
Between 2021 and 2030, the market is projected to expand into an increasing number of countries as utilities charge customers based on usage patterns, relay accurate price signals, and design rate structures that reflect the fixed and variable costs of providing electric service. From time-of-use (TOU) rates to demand charges to real-time pricing, these rate structures are expected to be key to increased DES adoption. In addition, new market participation models that enable system owners to capture multiple value streams are emerging as important enablers of continued DES growth around the world.
This Guidehouse Insights report provides global forecasts for annual deployments of new DES projects in terms of power capacity, energy capacity, and project deployment revenue. These forecasts are segmented by global region, technology, and the application or services that the system is intended to provide. In addition, this report provides a review of the market issues surrounding DES. Global forecasts for DES from 2021 to 2030 are provided.