Market Research Report
DER Management Technologies - DER Analytics, DER Management Systems and Virtual Power Plant Systems: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||407253|
|Published||Content info||54 Pages; 49 Tables, Charts & Figures
Delivery time: 1-2 business days
|DER Management Technologies - DER Analytics, DER Management Systems and Virtual Power Plant Systems: Global Market Analysis and Forecasts|
|Published: December 2, 2016||Content info: 54 Pages; 49 Tables, Charts & Figures||
The fast growth of distributed energy resources (DER) is one of the most disruptive forces that has affected the power utility industry to date-and numbers are only increasing. Navigant Research forecasts that installed DER capacity, including distributed generation (DG), energy storage, microgrids, EVs, and demand response (DR), will triple between 2016 and 2025, growing from 124 GW to 373 GW worldwide.
While utility customers motivated by cost and environmental benefits rapidly adopt DER, grid operators are beginning to encounter numerous challenges associated with the variability and changing demand patterns of renewables. These challenges also have significant effects on the aging electrical grid, which was originally designed to support just one-way power flow and was sized according to predictable demand. Today, a global shift in policy is helping to counter these issues. At the same time, a new wave of technologies developed to manage DER is presenting both opportunities and challenges for vendors and utilities. According to Navigant Research, global DER management technology revenue is expected to grow from $194.3 million in 2016 to nearly $2.1 billion in 2025.
This Navigant Research report provides an analysis of three segments of DER management technology: DER analytics, DER management systems (DERMSs), and virtual power plant (VPP) systems. The study provides a market overview that highlights key market trends, regional trends and case studies, and drivers and barriers. Global market forecasts, broken out by segment, category, technology, and region, extend through 2025. The report also examines the key technology issues related to DER management, as well as the competitive landscape.