Microgrid enabling tech market worth $112bn by 2026


The Microgrid Enabling Technologies Market Overview report has been released by Navigant Research, examining the market for microgrid enabling technologies (MET). The report provides global forecasts for capacity and revenue, segmented by technology and region, through 2026.

The report focuses on eight distributed energy resources (DER): biomass, combined heat and power (CHP), diesel, energy storage, fuel cells, hydroelectric, solar PV, and wind.

From a global perspective, CHP was the leading DER choice for microgrids in terms of capacity in 2017, with 655 MW deployed, followed by solar PV (392 MW), and then diesel (385 MW).

By 2026, however, the MET landscape is expected to shift, with solar PV jumping to a commanding lead with 3,786 MW annually, followed by energy storage with 3,292 MW, according to the report.

The study provides an analysis of the market issues, including case studies, government incentives, and emerging standards, associated with MET.

The report examines the key technologies and hardware related to MET, as well as the competitive landscape.

“Microgrids represent a key component of an emerging Energy Cloud focused on resilience and renewable energy integration,” says Peter Asmus, principal research analyst with Navigant Research.

“Biomass, CHP, diesel, fuel cells, hydroelectric, solar PV, and wind represent the lion’s share of potential revenue for microgrid implementation spending, and serve as the backbone of the microgrid value proposition: maximising the value of onsite power generation.”

As one of many options to aggregate and optimise growing penetrations of DERs, the microgrid platform allows for new levels of resilience and reliability, and can help organise mixed asset fleets of DER at the distribution network level.

With the right set of control technologies, this platform can not only offer value streams to site hosts, but also provide value upstream to the larger grid.

An Executive Summary of the report is available for free download on the Navigant Research website.


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