A new Leaderboard Report from Navigant Research examines the strategy and execution of 12 remote microgrid companies, with ENGIE, ABB, and Optimal Power Solutions ranked as the leading market players.
According to a new Leaderboard report from Navigant Research, ENGIE, ABB, and Optimal Power Solutions ranked are the leading remote microgrid companies.
In 2018, the global market for remote microgrids represented about $3 billion in implementation spending, and it is expected to jump to more than $10.2 billion by 2027. The market’s focus on innovation continues to shift toward business models that reduce capital cost constraints, produce greater standardization, and capture as much of the total available revenue from deployments as possible.
“The market for remote microgrids is evolving, giving way to new business models and technologies that are designed to reduce diesel fuel consumption through renewable energy sources,” says Peter Asmus, research director with Navigant Research. “The leading companies in this space have clearly differentiated themselves through exceptional remote microgrid project development, value chain revenue capture, and a sustainable business model.”
Unlike past microgrid-focused Leaderboard reports, this report considered a variety of companies to illustrate the diversity of vendors seeking opportunity in the remote microgrid space. As a result, a value chain capture metric highlights how different kinds of companies compare on revenue capture from remote microgrid project development.
The report, Navigant Research Leaderboard: Remote Microgrid Players, examines the strategy and execution of 12 leading remote microgrid companies. Threshold scores determine each vendor’s categorization (Leader, Contender, Challenger, etc.). These players are rated on 12 criteria: vision; go-to market strategy; partners; business model innovation; value chain capture; geographic reach; sales, marketing, and distribution; control approach/provider; system quality and reliability; project portfolio; pricing; and staying power.
Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global remote microgrid market.
Filed Under: Energy storage, News
