Developed regions such as North America and Europe are experiencing significant distribution automation deployments
BOULDER, Colo.–(BUSINESS WIRE)–#DistributedEnergyResources–A new report from Navigant Research analyzes the technologies and strategies being deployed on the distribution grid to increase grid reliability, visibility, resiliency, and flexibility.
The distribution grid is among the most critical, dynamic, and fastest changing pieces of the 2019 electric grid. During the next decade, utilities around the world are expected to make significant investment in distribution grids, specifically in distribution automation (DA). Click to tweet: According to a new report from Navigant Research, annual global revenue for distribution automation technologies is forecast to grow from $10.9 billion in 2019 to $20.9 billion in 2028, at a CAGR of 7.5%.
“The importance of distribution automation is consistent across all types of utilities,” says Michael Hartnack, research analyst with Navigant Research. “Ratepayer, regulator, and stakeholder demand for improved grid performance is driving much of this investment, with increasingly widespread deployments of distributed energy resources (DER) also growing the market.”
According to the report, developed regions such as North America and Europe are witnessing high growth and significant distribution automation deployments, while the pure size and rate of development of the distribution grid in Asia Pacific bolsters the market and its growth rate there. Developing regions typically include higher levels of automation for new construction, but existing grids in these areas are left unimproved. This situation drives an overall high growth rate for Latin America and the Middle East & Africa despite a lower overall market size.
The report, Distribution Automation Technologies, analyzes the key trends, drivers, and barriers to adoption of data platforms and other big data management solutions within the utility industry. The study includes several submarkets within the utility data management space alongside global market adoption trends. Global market forecasts, segmented by technology, application, and region, extend through 2027. The report examines different application segments for data management: data platforms, connected devices, edge computing, data storage, and IoT analytics. 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 clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.
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, Distribution Automation Technologies, 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.