3Q 2018

Asset Performance Optimization for Distributed Renewables

Distributed Solar, Wind, and Storage Operations and Maintenance: Global Market Analysis and Forecasts

As distributed energy installations continue to expand and grow rapidly in on-grid and off-grid locations around the world, investments in renewable energy assets have also gained momentum. Many distributed renewables generation assets are placed in the world’s remotest environments to support electrification needs for behind-the-meter (BTM) and onsite generation. At times, these assets are not equipped to meet the harsh conditions to which they are exposed. Instances of outages and equipment fails, along with random surges in power demand, can cost asset owners millions per day in lost revenue.

Asset performance management (APM) for BTM renewables is still an emerging market because of the scale of investments required to perform end-to-end integrated APM. However, the rapid pace of digitization has led to a shift toward the capital optimization of asset portfolios, putting more pressure on energy companies to ensure assets are operational. Though APM has seen limited success to date among distributed renewables assets globally, Navigant Research anticipates significant growth in this market as the digitization of distributed renewable energy accelerates. APM offers a huge opportunity for asset-intensive industries by reducing downtime and ensuring that the assets are optimized to operate at their highest level of efficiency.

This Navigant Research report analyzes the global market for distributed renewables APM, with a focus on distributed solar, wind, and energy storage assets. The study provides a summary of the innovative technology uses and business models related to the technical operations and maintenance (O&M) of BTM renewables. Global market forecasts, segmented by region, asset source, and cost segment (operations and maintenance), extend through 2027. The report also examines the key market drivers and barriers, as well as the technological accelerators that have the potential to optimize asset performance.
Pages 39
Tables | Charts | Figures 30
  • Why is technical asset performance management (APM) crucial to optimizing operations and maintenance (O&M) across distributed renewables energy assets?
  • What are the main drivers of distributed renewables asset optimization via APM?
  • Which markets will offer the most distributed renewables APM growth between 2018 and 2027?
  • How quickly will global distributed renewables APM revenue grow through 2027?
  • Which APM business models will be key for future renewables-driven energy services?
  • Renewables integration hardware and software providers
  • Solar developers, installers, and operators
  • Wind developers, installers, and operators
  • Energy storage manufacturers
  • Renewables independent service providers
  • Resource assessment companies
  • Government agencies
  • Investor community

1. Executive Summary

1.1   Introduction

1.1.1   Definition of Distributed Renewables APM

1.2   Key Market Trends

1.3   Global Outlook

2. Market Issues

2.1   Introduction

2.1.1   Market Drivers

2.1.2   Market Barriers

2.2   APM Business Models

2.2.1   Insourced Model

2.2.2   Outsourcing Model

2.2.3   Hybrid Model

2.3   Maintenance Strategy

2.4   Long-Term Service Agreements

2.5   Inventory Management

2.6   Key Performance Indicators

2.7   Technology Accelerators

2.7.1   Data Analytics

2.7.1.1   Solar-Log Use Case

2.7.2   Automation, Machine Learning, and AI

2.7.2.1   SkySpecs Use Case

2.7.3   Digital Twins

3. Market Forecasts

3.1   Methodology

3.1.1   Segmentation by Component

3.1.2   Segmentation by Asset Source

3.2   Global Market Overview

3.3   APM Market Revenue by Asset Source

3.3.1   Distributed Solar APM

3.3.2   Distributed Wind APM

3.3.3   Distributed Storage APM

3.4   Conclusions and Recommendations

3.4.1   Distributed Solar APM

3.4.2   Distributed Wind APM

3.4.3   Distributed Storage APM

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

  • Annual Distributed Renewables Asset Performance Management Revenue, World Markets: 2018-2027
  • Annual Distributed Renewables Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Renewables Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Renewables Asset Performance Management Revenue by Asset Source, World Markets: 2018-2027
  • Annual Distributed Solar Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Solar Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Wind Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Wind Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Storage Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Storage Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Distributed Renewables APM Market Evolution
  • Distributed Renewables APM Business Models
  • Distributed Renewables APM Business Model Comparison
  • Distributed Renewables APM Maintenance Strategy
  • Distributed Renewables Optimum Maintenance Costs
  • Annual Distributed Renewables Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Renewables Asset Performance Management Revenue by Asset Source, World Markets: 2018-2027
  • Annual Distributed Renewables Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Solar Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Solar Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Solar Operations Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Solar Maintenance Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Wind Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Wind Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Wind Operations Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Wind Maintenance Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Storage Asset Performance Management Revenue by Cost Segment, World Markets: 2018-2027
  • Annual Distributed Storage Asset Performance Management Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Storage Operations Revenue by Region, World Markets: 2018-2027
  • Annual Distributed Storage Maintenance Revenue by Region, World Markets: 2018-2027
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