DER market positioned for decade of high growth

Published onJune 18, 2020

The rate of annual investment in distributed energy resources (DER) will increase by 75% by 2030, with the market set for a decade of high growth. Favorable regulations, declining project and technology costs, and high electricity and demand charges are key factors driving investments in DER across the globe, according to Frost & Sullivan’s recent analysis, Growth Opportunities in Distributed Energy, Forecast to 2030. According to the analysis, the COVID-19 pandemic will reduce investment levels in the short term, but the market will recover. Throughout the decade, $846 billion will be invested in DER, supported by a further $285 billion that will be invested in battery storage. “The DER business model will play an increasingly pivotal role in the global power mix as part of a wider effort to decarbonize the sector. Additionally, solar photovoltaic (PV) will dominate throughout the decade. Residential solar PV will account for 49.3% of total investment ($419 billion) with commercial and industrial solar PV accounting for a further 38.9% ($330 billion),” says Maria Benintende, senior energy analyst at Frost & Sullivan.

Source: https://solarindustrymag.com/der-market-positioned-for-a-decade-high-growth