Rapid market growth is expected to continue as energy storage system prices further decline

A new report from examines key trends, challenges, and growth projections in the energy storage for the grid and ancillary services (ESGAS) market.

While the ESGAS industry has matured significantly over the past two years, activity remains concentrated in select countries. In these countries, the availability of financing, favorable regulations, and innovative business models are helping to drive unprecedented growth. : According to a new report from , in 2018, the global ESGAS industry is projected to deploy 1,220.7 MW of new capacity, growing to 29,300.5 MW by 2027.

“Despite slower than expected growth in 2017, the grid-scale storage market is rapidly expanding,” says Alex Eller, senior research analyst at Navigant Research. “Key trends that are facilitating growth include a major reduction in the time to build new projects and the availability of financing driven by greater investor confidence and the involvement of larger corporations through recent mergers, acquisitions, and new market entrants.”

According to the report, many countries have recently seen significant growth in renewable generation, but energy storage has yet to take hold. This is expected to change in the coming years as energy storage system (ESS) prices continue to decline and project developers gain experience efficiently building, integrating, and monetizing ESSs alongside renewable plants.

The report, , provides an update on the market drivers, technology and application issues, and regional market developments related to the global ESGAS market. The study examines key ESGAS trends, challenges, and growth projections. Global market forecasts, segmented by region, technology, and application segment, extend through 2027. The report also examines trends in the development of combined renewable energy and ESS plants around the world, as well as the major merger and acquisition activity in the global utility-scale energy storage industry. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Market Data: Energy Storage for the Grid and Ancillary Services, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: New Global Capacity Deployments for Energy...

Reliability, flexibility, and cost concerns around the nation’s power infrastructure are rapidly pushing DER innovation forward

A new report from examines Australia as an ideal environment to capitalize on distributed energy resources (DER) integration technologies and strategies.

While Australia is often perceived as an isolated energy market, recent developments are steering industry focus its way. Power outages, wholesale and retail price spikes, and among the highest penetrations of distributed solar PV in the world are laying the groundwork for energy innovation in Australia, especially when it comes to DER integration. : According to a new report from , Australia has become an incubator and a laboratory where DER opportunities ranging from remote microgrids to virtual power plants (VPPs) to transactive energy (TE) can be tested and validated.

“Blackouts and skyrocketing retail power prices in 2017 have created the perfect storm in Australia for quick answers to reliability, flexibility, and cost containment,” says Peter Asmus, research director with Navigant Research. “If there is one place in the world where the promises of DER can be validated sooner rather than later, for both prosumers and consumers, that place is Australia.”

According to the report, the discussion in Australia boils down to the business case behind customers remaining with the grid network, contrasted with the impulse to abandon the grid. If implemented right, DER integration solutions offer the benefits of resiliency, reliability, and participation in what has been described as the electron commons, sharing the economic and environmental benefit embedded in clean energy assets.

The report, , discusses why Australia is an ideal environment for DER integration technologies and strategies. The study also examines how these solutions offer revenue opportunities with wide-ranging applications for global markets today and how some Australian vendors are leading the charge. It explores the prospects provided by Australia’s DER integration initiatives, including advanced remote microgrids, prosumer-based VPPs, and cutting-edge TE options such as blockchain, and how they will affect utilities, private technology vendors, and consumers. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Capitalizing On Integrated DER in Australia, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Australia Is Positioned As an Incubator,...

Companies are working aggressively to improve vehicle efficiency and reduce the cost of core components

A new report from analyzes how vehicle electrification is driving investment in all aspects of electric motor technologies and control electronics, analyzing trends and providing recommendations for industry players.

Over the last several years, electric vehicles have entered the mainstream, and market share is expected to grow significantly in the coming decades. Today’s automakers and suppliers are dramatically expanding their electrified offerings to achieve gains in fuel efficiency, reductions in emissions, and increases in available electrical power. : According to a new report from , for market players looking to establish industry leadership, the traction motor is now the focus.

“Automotive manufacturers and suppliers are finally making a concerted shift from a focus on internal combustion engines to partially and fully electrified alternatives,” says Sam Abuelsamid, senior research analyst with Navigant Research. “In their effort to retain profitability while ensuring these new propulsion systems remain affordable to consumers, these companies are working aggressively to improve the efficiency and reduce the cost of some of the core components, particularly the traction motors and power electronics.”

According to the report, numerous manufacturers announced plans in 2017 to offer at least 48 V mild-hybrid powertrains across all vehicles in their lineup. In many cases, manufacturers have reported they will make those offerings standard equipment. All of these vehicles will require electric drive motors, generators, and power electronics for alternating current-direct current (AC-DC) conversion as well as DC voltage conversion to support multiple vehicle subsystems.

The report, , examines how vehicle electrification is driving investment in all aspects of electric motor technologies and control electronics. The study analyzes the historical, current, and future trends related to electrification solutions for vehicles and discusses the key components of an electric drive system. It also provides detailed and actionable recommendations for industry players on some of the major areas to focus on to help successfully grow the market for these crucial electrification components. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Transportation Electrification Drives Motor and Power Electronics Innovation, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Vehicle Electrification Market Players Are...

Technology can enable lower costs and better patient care as healthcare increasingly moves from the hospital to the home

A new report from examines the emerging digital health industry, with a focus on how the Internet of Things (IoT) is disrupting healthcare and moving it to the home.

As global demand and cost for healthcare continue to rise, providers and patients are looking to technology for cost-effective solutions. A variety of smart home technologies that leverage the IoT are helping to lower costs and improve patient care by engaging consumers with real-time information through web portals and mobile apps, as well as other innovations. : According to a new report from , opportunities for stakeholders are increasing as healthcare becomes an emerging value proposition for the smart home.

“The nexus of IoT and health ultimately puts power in the hands of consumers and enables self care,” says Paige Leuschner, research analyst with Navigant Research. “This has the potential to revolutionize the healthcare industry and contribute to the emergence of healthcare as a value proposition for the smart home, creating opportunities for a range of stakeholders to capitalize on.”

According to the report, now is the time for industry players—from technology startups to service providers to large tech incumbents—to find innovative ways to engage consumers, explore new business models, and create new revenue streams in the home.

The report, , discusses how the convergence of smart home value propositions provides new opportunities for stakeholders to introduce innovative digital health solutions to bring efficiencies and enhancements to a traditional market. It also provides recommendations on how players in the smart home and health industries can address the smart home lifestyle and seize digital health market opportunity while there is momentum. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Capitalizing on the Nexus of IoT and Home Healthcare, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: As Healthcare Becomes a Value Proposition for...

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