Market drivers include cost savings, resilience needs and investor pressure for asset risk assessment
BOULDER, Col., May 11, 2022 /PRNewswire/ — A new report from Glimpses of the House of Guides analyzes the market for distributed energy resource (DER) systems in four low process heat (LPH) manufacturing sectors that are currently most conducive to near-term decarbonization through the deployment of DER: pulp and paper, food, goods consumption and fertilizer.
Industrial DER systems market is rebounding from COVID-related market impacts. DER in these sectors can handle peak loads, reduce costs and support business decarbonization. According to a new report from Guidehouse Insights, LPH industrial DER revenues in manufacturing are likely to reach $24.1 billion by 2031 at a CAGR of 9.3%.
“The business case for LPH industrial DER technologies is based on improving efficiency, cost savings, supply resilience and decarbonization,” says Daniel Talero, research analyst at Guidehouse Insights. “To meet the new demand for these benefits, technology providers in the industrial sector are developing utility partnerships needed to acquire industrial customers with high energy demand and security of supply requirements.”
Market drivers include cost savings and cheaper DER as industrial customers control utility peak demand loads by transferring the load. DER also addresses resilience needs by supporting security of supply and outage prevention. Finally, investor pressure to assess industrial carbon footprint is a factor increasingly examined in the risk assessment of assets using environmental, social and governance (ESG) methods, according to the report. .
The report, Industrial DER in low process heat applicationshttps://guidehouseinsights.com/reports/market-data-Smart-Streetlighting, provides market size and spend analysis on industrial DER installations and software in five regions of the world from 2022 to 2031, and the four industrial DER market segments listed above. This report highlights key trends in these industries and regions, exploring the factors driving and restraining market growth along with key market players. It focuses on industrial DER revenues, excluding expenditure on non-energy industrial inputs. It includes revenues from DER forecasting and optimization software, excluding expenses related to software for the DER management system run by major utilities (DERMS). An executive summary of the report is available for free download from the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data and benchmarking services for today’s rapidly changing and highly regulated industries. Our knowledge is based on an in-depth analysis of global cleantech markets. The team’s research methodology combines supply-side industry analysis, primary end-user research, and demand assessment, coupled with an in-depth review of technology trends, to provide a comprehensive view emerging resilient infrastructure systems. Additional information on Guidehouse Insights is available at www.guidehouseinsights.com.
Guidehouse is a leading global provider of advisory services to the public sector and commercial markets, with extensive risk management, technology and advisory capabilities. By combining our public and private sector expertise, we help our clients address their most complex challenges and overcome significant regulatory pressures focused on transformational change, business resilience and technology-driven innovation. Through a range of consulting, advisory, outsourcing and digital services, we create scalable and innovative solutions that help our clients navigate complexity and position them for future growth and success. The company has more than 13,000 professionals in more than 50 locations worldwide. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda issues that drive national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release regarding the report, Industrial DER in low process heat applications, is a summary and reflects current expectations of Guidehouse Insights based on market data and trend analysis. Forecasts and market expectations are inherently uncertain and actual results may differ materially from those contained in this press release or report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s findings and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes to update the information contained in this press release or the report.
For more information contact:
SOURCE Guidehouse Insights