- What is driving the growth of distributed energy storage (DES)?
- What new regulatory policies are increasing DES opportunities?
- How do the economics of DES vary by country and region?
- What new markets are opening for DES technologies?
- What new regulatory policies are increasing DES opportunities?
- How are market participation models and government policies improving the bankability of DES?
- What is the long-term potential of DES in an evolving electric power industry?
- How is the emergence of DES virtual power plants changing the energy landscape?
2Q 2021
Market Data: Distributed Energy Storage and Solar PV
Global Market Drivers, Trends, and Forecasts for the Distributed Energy Storage and Solar PV Industry: 2021-2030
Driven by cost and performance improvements, an uptick in renewable generation capacity, grid-modernization plans, improved opportunities for wholesale market participation, national and local government financial incentives and deployment mandates, and phase-outs of feed-in tariffs (FITs) or net metering, 2020 proved transformational for the distributed energy storage (DES) industry. Moving into 2021, the question is whether the burgeoning DES industry will be able to maintain its current path of rapid growth. All signs suggest that it will, and a desire for self-sufficiency and improved resiliency are a major reason why.
Between 2021 and 2030, the market is projected to expand into an increasing number of countries as utilities charge customers based on usage patterns, relay accurate price signals, and design rate structures that reflect the fixed and variable costs of providing electric service. From time-of-use (TOU) rates to demand charges to real-time pricing, these rate structures are expected to be key to increased DES adoption. In addition, new market participation models that enable system owners to capture multiple value streams are emerging as important enablers of continued DES growth around the world.
This Guidehouse Insights report provides global forecasts for annual deployments of new DES projects in terms of power capacity, energy capacity, and project deployment revenue. These forecasts are segmented by global region, technology, and the application or services that the system is intended to provide. In addition, this report provides a review of the market issues surrounding DES. Global forecasts for DES from 2021 to 2030 are provided.
Pages
40
Tables | Charts | Figures
69
Key Questions Addressed
Who Needs This Report
- Advanced battery OEMs
- Inverter and other balance of system vendors
- Government and regulatory agencies
- Non-governmental organizations
- IoT companies
- Energy storage integrators
- Battery storage aggregators
- Solar PV OEMs
- Energy storage integrators
- Energy storage hardware vendors and technology firms
- Energy storage developers and independent power producers
- Engineering, procurement, and construction (EPC) firms
- Renewable energy development financing companies
- Smart grid controls and software companies
- Inverter and other balance of system vendors
- Government and regulatory agencies
- Utilities
- Investor community
Table Of Contents
1. Executive Summary
1.1 Market Overview
1.2 Market Forecasts
2. Market Issues
2.1 Market Introduction
2.2 DES Services
2.3 DES Market Drivers
2.3.1 Distributed Renewable Energy Growth
2.3.2 Resiliency
2.3.3 Cost Savings
2.3.4 EV Charging
2.3.5 Business Model and Financial Innovation
2.3.5.1 Contracted Revenue: Equipment Leases
2.3.5.2 Contracted Revenue: Shared Savings Agreement
2.3.5.3 Contracted Revenue: Solar Plus Battery PPA
2.3.5.4 Contracted Revenue: VPP Agreement
2.4 Regional Market Trends
2.4.1 North America
2.4.2 Europe
2.4.3 Asia Pacific
2.4.4 Latin America
2.4.5 Middle East & Africa
3. Market Forecasts
3.1 Methodology and Assumptions
3.1.1 Coronavirus Pandemic Impacts
3.2 Forecasts by Region
3.3 Forecasts by Building Type
3.4 Residential Energy Storage
3.5 Forecasts by Technology
4. Conclusions and Recommendations
5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- ESEV Charging Power Capacity and Revenue by Region, World Markets: 2020-2029
- Annual Installed DES Power Capacity Additions by Region, World Markets: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, World Markets: 2021-2030
- Annual Installed Residential DES Power Capacity Additions by Region, World Markets: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, World Markets: 2021-2030
- Annual Installed DES Power Capacity Additions by Segment, World Markets: 2021-2030
- DES CAPEX Assumptions by Segment, Average Installed Costs, World Markets: 2021-2030
- Energy Storage Equipment Lease Project Costs and Revenue
- Shared Savings Costs and Revenue
- Solar Plus Battery PPA Project Costs and Revenue
- VPP Agreement Costs and Revenue
List of Tables
- Average Retail Electricity Prices by Country, World Markets: 2020
- Annual Solar PV Installed Capacity by Region and Segment, World Markets: 2021, 2025, 2030
- DES CAPEX Assumptions by Segment, Global Averages, World Markets: 2021-2030
- Annual Installed DES Power Capacity Additions by Region, World Markets: 2021-2030
- Annual Installed DES Power Capacity Additions by Segment, World Markets: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, World Markets: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, World Markets: 2021-2030
- Annual Installed DES Energy Capacity Additions by Region, World Markets: 2021-2030
- Annual Installed DES Energy Capacity Additions by Segment, World Markets: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, World Markets: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, World Markets: 2021-2030
- Annual Installed DES Vendor Revenue by Region, World Markets: 2021-2030
- Annual Installed DES Vendor Revenue by Segment, World Markets: 2021-2030
- Annual Installed DES Vendor Revenue by Technology, World Markets: 2021-2030
- Annual Installed C&I DES Vendor Revenue by Building Type, World Markets: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, North America: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, North America: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, North America: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, North America: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, North America: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, North America: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, Western Europe: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, Western Europe: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, Western Europe: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, Western Europe: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, Western Europe: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, Western Europe: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, Asia Pacific: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, Asia Pacific: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, Asia Pacific: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, Asia Pacific: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, Asia Pacific: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, Asia Pacific: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, Eastern Europe: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, Eastern Europe: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, Eastern Europe: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, Eastern Europe: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, Eastern Europe: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, Eastern Europe: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, Latin America: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, Latin America: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, Latin America: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, Latin America: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, Latin America: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, Latin America: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, Middle East: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, Middle East: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, Middle East: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, Middle East: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, Middle East: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, Middle East: 2021-2030
- Annual Installed DES Power Capacity Additions by Technology, Africa: 2021-2030
- Annual Installed DES Energy Capacity Additions by Technology, Africa: 2021-2030
- Annual Installed DES Deployment Revenue by Technology, Africa: 2021-2030
- Annual Installed C&I DES Power Capacity Additions by Building Type, Africa: 2021-2030
- Annual Installed C&I DES Energy Capacity Additions by Building Type, Africa: 2021-2030
- Annual Installed C&I DES Deployment Revenue by Building Type, Africa: 2021-2030
- C&I Buildings by Resiliency Need
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