Grid Edge Intelligence for DER Integration : Operational IT/OT, Distributed Monitoring and Control, and Communications Networks: Global Market Analysis and Forecasts

NEW YORK, June 23, 2015 /PRNewswire/ -- The global utility business faces unprecedented challenges—and opportunities—as distributed energy resources (DER) proliferate. Thus, there is a growing need for more intelligence, control, and agility in the distribution grid, particularly at the edge, where many new disruptive resources and loads are located. To date, utility efforts have been largely reactive, focused on issues caused by renewables intermittency, shifting loads, capacity constraints, and bidirectional power flows. In the longer term, grid edge intelligence and automation will enable the proactive development of markets for aggregated clean resources and services, service-oriented business models, and end-to-end integrated grid management strategies.

Among global regions, North America, Europe, and Asia Pacific have experienced the greatest penetrations of distributed renewables and other resources creating disruptive loads. However, due to diverse physical grid infrastructures, policy and regulatory goals (and limitations), and access to technology, market trends have developed differently in different regions. Specific global and regional trends related to grid edge intelligence and automation include regulator constraints, the converged data approach, and the standardization of distribution network control and monitoring solutions. According to Navigant Research, revenue for global grid edge technologies for DER is expected to grow from $8.5 billion in 2015 to $14.5 billion in 2024.

This Navigant Research report rovides analyzes the global market for grid edge intelligence and automation solutions, equipment, and services. The study provides an assessment of current market drivers and inhibitors, regional trends, technology, and business segments related to grid edge technologies for DER integration, in addition to business recommendations for both vendors and utilities. Global market forecasts for revenue, segmented by solution, category, and region, extend through 2024. The report also profiles key industry players and examines several utilities that have implemented grid edge intelligence and automation solutions to align with more ambitious smart grid initiatives and aggressive regulatory policies.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grid-edge-intelligence-for-der-integration--operational-itot-distributed-monitoring-and-control-and-communications-networks-global-market-analysis-and-forecasts-300103665.html

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