PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1067336
PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1067336
The market for distributed energy resources (DER) systems in industrial settings is rebounding from COVID-related market impacts. Price increases and demand shocks slowed adoption of on-site solar PV, but battery energy storage systems (BESS) and other DER economics are leading to more electrification of process energy loads in manufacturing. This report covers DER in four low process heat (LPH) manufacturing sectors that are currently most amenable to short-term decarbonization through DER deployment: pulp & paper, food, consumer goods, and fertilizer. DER in these sectors can manage peak loads, reduce costs, and support enterprise decarbonization. DER stands to gain industrial market share as fuel-switching from natural gas increases within LPH sectors.
Guidehouse Insights provides market sizing and spending forecasts on industrial DER installations and software across five global regions from 2022-2031, and the four industrial DER market segments listed above. This report highlights major trends across these industries and regions, exploring factors driving and hindering market growth as well as key players in the market. It focuses on industrial DER revenue, not including spending on industrial inputs outside of energy. It includes revenue on DER forecasting and optimization software, excluding spending on large utility managed DER management system (DERMS) software.