Market Overview

Navigant Research Report Shows Global Revenue for Predictive Analytics for Distributed Generation is Expected to Exceed $287 Million through 2027

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Navigant Research expects significant business model innovation
relating to customer data, O&M, and value-added services

A new report from Navigant
Research
examines the global market for predictive analytics
deployment for fossil fueled distributed generation systems (PADG),
providing market forecasts broken out by segment and region, through
2027.

The trend of predictive analytics (PA) is spreading across industries,
and despite limited success in fossil fueled distributed generation
systems, Navigant Research predicts significant growth in PADG as
digitization of energy accelerates and ubiquitous connectivity arrives.
PADG is defined as applying machine learning algorithms to operational
datasets collected from distributed generators to predict component or
system failures before they happen, allowing for optimized maintenance
and decreased unplanned downtime. Click
to tweet
: A new @NavigantRSRCH report shows fast growth in
predictive analytics for distributed generation, growing at 36% CAGR
through 2027.

"In an industry traditionally focused on mechanical performance, PADG
creates a digital twin of the rotating equipment that can be monitored,
modeled, and manipulated to enhance system operation," says Adam Forni,
senior research analyst with Navigant. "Customers adopt PADG for
increased uptime and optimized maintenance, but the path to widespread
deployment of PA is capturing adjacent use cases of digitization,
including real-time monitoring, asset and fleet management, and energy
use cases like virtual power plant revenue."

According to the report, the key drivers for PADG are demand for
reliable onsite generation, the increased digitization of such systems,
and the need to maximize returns of such systems. As traditional
generators are increasingly digitized, Navigant Research expects
significant business model innovation from vendors relating to customer
data that could be used to differentiate their offerings and increase
future business.

This Navigant Research report, Predictive
Analytics for Distributed Generation
, analyzes the global market
for PA deployment for diesel and natural gas reciprocating gensets,
small turbines below 20 MW, and microturbines. The study examines five
segments: commercial and industrial (C&I) standby, C&I prime and
continuous, C&I combined heat and power, utility, and resource
extraction. Global market forecasts, broken out by segment and region,
extend through 2027. The report also analyzes the key market drivers and
barriers and enabling technologies related to PADG and provides an
overview of the PADG value chain and business cases. An Executive
Summary of the report is available for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team's research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant's
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant's
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
Predictive Analytics for Distributed Generation, 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.

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