Market Data: Residential Distributed Energy Resources

Market Data: Residential Distributed Energy Resources

Market Data: Residential Distributed Energy Resources

Report
Format: PDF-Excel
Published year: 2016
Publisher: Navigant Research
Language: English
Pages: 24

Summary

Residential customers are increasingly taking an interest in generating their own energy, better controlling their energy consumption, and having a positive impact on the environment. This interest is fundamentally changing the utility-customer relationship and transitioning utility business models away from traditional centralized power toward a much more diverse and resilient grid infrastructure. The resulting broad evolution is being enabled by the proliferation and maturation of distributed energy resources (DER). In the residential sector, this transition includes the adoption of distributed solar PV, distributed energy storage systems (DESSs),Electric Vehicles (EVs) and EV charging stations, and demand response (DR). Despite the differing operating characteristics, these technologies all represent new and dynamic resources that can challenge the traditional relationship that utilities have with their customers. Growth in capacity for residential DER (RDER) can be largely attributed to North America, where DR is expected to have the strongest increase. Annual installed power capacity for the global RDER market is expected to rise from approximately 16.0 GW in 2016 to 121.2 GW in 2025. Asia Pacific is expected to experience the greatest growth in revenue generated by RDER, mostly due to the residential fuel cells market in Japan. According to Navigant Research, annual revenue for the global RDER market is expected to increase from approximately $19.7 billion in 2016 to $92.7 billion in 2025. This Navigant Research report examines the global RDER market, with a focus on four key technologies: EV charging, distributed solar PV, DESSs, and residential DR (RDR). The study provides an overview of these major technologies, as well as other RDER technologies such as gensets and fuel cells. Global market forecasts for the power capacity and revenue of each technology, broken out by technology and region, extend through 2025.
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