Navigant Research Expects Global Demand for CHP Generation Equipment in Microgrids to Reach Nearly 2 GW in 2026

Industry players who can navigate shifting forces surrounding CHP
in microgrids will be rewarded as demand continues to grow, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#CHP–A new report from Navigant
Research analyzes the global market for combined heat and power
(CHP) in microgrids, aggregating data on five microgrid segments across
five regions, with forecasts for capacity and revenue, through 2026.

CHP has been operating as an efficient, simple form a of self-sustaining
microgrid for more than a century. Boasting double the efficiency of
typical grid-supplied power, the opportunities for modern CHP’s positive
impact are vast. Click
to tweet: According to a new report from @NavigantRSRCH,
global demand for CHP prime mover equipment in microgrids is expected to
grow from 655 MW in 2017 to 1,906 MW in 2026.

“Modern microgrids are a global phenomenon riding parallel currents of
technology, climate, and policy change—and they may represent the
biggest new opportunity for CHP in decades,” says Adam Forni, senior
research analyst at Navigant Research. “In a growing symbiotic
relationship, CHP brings mature baseload generation capability, while
microgrids open new markets and improve integration with other
distributed energy resources.”

While CHP is sought after for its ability to boost energy resilience,
cut emissions compared to grid power, and lower utility bills, issues
such as project complexity, interconnection challenges, and concerns
about long-term emissions on a lower-carbon grid present barriers to
wider adoption. According to the report, industry players who can
navigate these shifting forces will be rewarded as demand continues to
grow.

The report, Market
Data: Combined Heat and Power in Microgrids, examines the global
market for CHP in microgrids, aggregating data on five microgrid
segments across five regions. The study provides an analysis of the
global microgrid market in terms of total annual capacity and revenue
attached to five types of CHP prime mover equipment: combustion
turbines, steam turbines, microturbines, natural gas reciprocating
gensets, and fuel cells. Global market forecasts for capacity and
revenue, broken out by segment, technology, and region, extend through
2026. The report also analyzes the key market and technology issues
related to CHP in microgrids. 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: Combined Heat and Power in 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.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]