Market Overview

Navigant Research Report Shows Global Market for Microgrids Expected to Reach $30.9 Billion in 2027

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Microgrid report now sizes the market globally and regionally
using business model categories

A new report from Navigant
Research
examines the status and potential future growth of
microgrid segments and business models, providing global market
forecasts for capacity and implementation spending, broken out by
segment and region, through 2027.

Over the last decade, Navigant Research has tracked the global microgrid
market as the number of vendors offering products and services
increased. Navigant Research was the first to size this market
opportunity in 2009 and has continually refined its modeling approach as
better data becomes available and microgrids grow in complexity. Click
to tweet
: According to a new report from @NavigantRSRCH,
the global market for microgrids is expected to reach $30.9 Billion in
2027.

"The greatest microgrid deployment growth is expected in the commercial
and industrial segment due to declining costs of key microgrid enabling
technologies as well as the emergence of new business models," says
Peter Asmus, research director with Navigant. "While North America has
been the historical market leader regionally, Asia Pacific maintains and
then increases its leadership position throughout the 10-year forecast
horizon."

To acknowledge past uses of the term microgrid, Navigant Research
includes remote systems in its analysis, which were first called
microgrids decades earlier and now are also included in the US
Department of Energy definition. For the first time, this report also
sizes the market globally and regionally by the following business model
categories: energy-as-a service, government funding, owner financing,
and utility rate base financing.

This report, Market
Data: Microgrids
, analyzes the global market for microgrids, with a
focus on the six microgrid market segments and five business model
types. The study examines the status of this maturing industry and the
potential future growth of microgrid segments and business models.
Global market forecasts for capacity and implementation spending, broken
out by segment and region, extend through 2027. The report also examines
multiple scenarios for future microgrid market growth: conservative,
base, and aggressive. 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,
Market Data: Microgrids, 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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