Navigant Research Report Shows Asia Pacific is Expected to Account for Nearly 55% of Vendor Revenue for Large Distributed Ene...
October 17 2018 - 5:15AM
Business Wire
High costs, complexity of permitting and installing
behind-the-meter energy storage projects are encouraging customers
to deploy larger systems
A new report from Navigant Research analyzes the global market
for large distributed energy storage systems (LDESSs) in the
commercial and industrial (C&I) space, providing market
forecasts, segmented by technology, building type, and region,
through 2027.
The market for large C&I energy storage remains in the early
stages of development and is highly concentrated in select markets
that have the right mix of high electricity prices, demand charges
and/or time-based rate structures, and supportive government
policies and incentives. While significant growth is expected in
new markets, three regions are projected to lead in terms of
installed vendor revenue. Click to tweet: According to a new report
from @NavigantRSRCH, through 2027, Asia Pacific, North America, and
Western Europe are expected to account for an estimated 54.8%,
24.9%, and 23.6% of the global market, respectively.
“As the C&I energy storage market has grown, key challenges
in identifying and acquiring customers have driven a push to target
larger buildings with greater electricity demands,” says Alex
Eller, senior research analyst at Navigant Research. “This trend is
also due to the relatively high costs and complexity of permitting
and installing behind-the-meter energy storage projects.”
Given that these high upfront costs do not scale directly with
project size, it is far more profitable to deploy larger systems
for C&I customers, according to the report. The LDESS market is
currently considerably larger than the small-scale market—and is
expected to remain so.
The report, Market Data: Large Commercial and Industrial Energy
Storage, analyzes the global market for LDESSs that are over 250 kW
in capacity. The study provides an overview of the market
developments, drivers, and barriers that are likely to influence
the growth of LDESSs in the large C&I energy storage space.
Global market forecasts, segmented by technology, building type,
and region, extend through 2027. The report also examines the key
business models and regional market trends related to the LDESS
market. 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.
About Navigant
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, Market Data: Large Commercial and
Industrial Energy Storage, 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.
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Navigant ResearchLindsay Funicello-Paul,
+1-781-270-8456lindsay.funicello.paul@navigant.com