Global Market for Commercial & Industrial Distributed Energy Resources (DER) Sees Growth Due to Government Support
A recent report from Guidehouse Insights highlights the significant growth expected in the global market for distributed energy resources (DER) in commercial and industrial (C&I) buildings. The increase is being largely driven by growing government support and mandates aimed at addressing climate change concerns.
With annual revenues projected to rise from $146.4 billion in 2024 to $321.2 billion by 2033, the C&I DER market is anticipated to experience a compound annual growth rate (CAGR) of 9.1%. Grant Samms, a research analyst with Guidehouse Insights, notes that operators of commercial and industrial sites are under pressure to decarbonize, leading to increased investment in DER technologies for resilience and sustainability.
While the benefits of DER adoption are clear, challenges exist due to the diverse needs of C&I sites. Concerns such as potential downtime, safety issues, and high energy capacity requirements require creative solutions from plant managers to maximize the benefits of DER technologies.
Government support and mandates play a crucial role in driving C&I DER adoption. In addition to regulatory compliance, companies are eager to meet internal climate goals by adopting clean energy sources. Financial incentives like lower energy costs and the opportunity to participate in grid services further encourage DER adoption.
The report, “Distributed Energy Resources in Commercial and Industrial Buildings,” examines the global market for DER technologies, including solar PV, generator sets, distributed energy storage systems, and EV charging systems. It analyzes market trends, drivers, barriers, and policy landscapes, providing insights into revenue and capacity projections through 2033.
Guidehouse Insights, the research arm of Guidehouse, offers comprehensive market intelligence for industries undergoing rapid transformation. By leveraging in-depth analysis of clean technology markets, Guidehouse Insights provides valuable insights to drive resilient infrastructure systems.
Guidehouse, a global consulting services provider, supports public sector and commercial clients in navigating complex challenges and regulatory landscapes. With expertise in management, technology, and risk consulting, Guidehouse helps clients drive transformational change and innovation to achieve growth and success.
For more information on the report “Distributed Energy Resources in Commercial and Industrial Buildings,” visit the Guidehouse Insights website. To learn more about Guidehouse’s consulting services and expertise, visit http://www.guidehouse.com. For media inquiries, contact Cecile Fradkin at +1.646.941.9139.
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SOURCE: Guidehouse Insights
*Please note that the information provided in this summary reflects the current expectations of Guidehouse Insights based on market data. Actual results may vary, and for a complete understanding of the report’s conclusions, refer to the full report. Guidehouse Insights and Guidehouse do not undertake any obligation to update the information contained in this summary.
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