Navigant Research has released a new report analysing the US non-wires alternatives market
The research firm forecast a 20% market growth between 2018 and 2028.
Annual revenue is expected to reach $333 million by 2028.
According to the study:
- The proliferation of distributed energy resources (DER) technologies is providing grid operators with new mechanisms to address capacity constraints and replace strained grid infrastructure. Non-wires alternatives use DER to provide grid relief sufficient to defer more traditional upgrades like new poles or wires.
- Demand response and energy efficiency make up the bulk of Non-wires alternatives projects today.
- The majority of utilities investing in non-wire alternatives are investor-owned. However, municipal utilities and electric cooperatives are starting to invest in technology.
Jesse Mehrhoff, a research analyst with Navigant Research, said: “Several states are moving toward mandated NWA exploration, and legislative and regulatory drivers to NWA will likely spark state-level pockets of NWA activity.
“The development of more, cheaper DER technologies will also help to grow the NWA market.”
For more information about the report, click here.