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Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story Guidehouse Insights Estimates Market for Distributed Energy Resources in Low Process Heat Manufacturing Will Grow to $24 Billion by 2031

Market drivers include cost savings, resilience needs, and investor pressure for asset risk valuation

BOULDER, Colo., May 11, 2022 /PRNewswire/ -- A new report from Guidehouse Insights analyzes the market for distributed energy resources (DER) systems in four low process heat (LPH) manufacturing sectors that are currently most amenable to short-term decarbonization through DER deployment: pulp & paper, food, consumer goods, and fertilizer.

The market for DER systems in industrial settings is rebounding from COVID-related market impacts. DER in these sectors can manage peak loads, reduce costs, and support enterprise decarbonization. According to a new report from Guidehouse Insights, LPH industrial DER revenue in manufacturing will likely grow to $24.1 billion by 2031 at a CAGR of 9.3%.

"The business case for LPH industrial DER technologies rests upon improved efficiency, cost savings, supply resiliency, and decarbonization," says Daniel Talero, research analyst with Guidehouse Insights. "To meet new demand for these benefits, technology vendors 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 peak demand charges from utilities by load-shifting. DER also addresses resilience needs by supporting security-of-supply and outage prevention Finally, investor pressure to assess the industrial carbon footprint is an increasingly scrutinized factor in asset risk valuation 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 sizing and analyzes spending on industrial DER installations and software across five global regions from 2022-2031, and the four industrial DER market segments listed above. This report highlights major trends across these industries and regions, exploring factors driving and hindering market growth as well as key players in the market. It focuses on industrial DER revenue, not including spending on industrial inputs outside of energy. It includes revenue on DER forecasting and optimization software, excluding spending on large utility managed DER management system (DERMS) software. An executive summary of the report is available for free download on 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 insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Industrial DER in Low Process Heat Applications, is a summary and reflects the current expectations of Guidehouse Insights 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 Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:
Jennifer Peacock
+1.404.575.3859e
jpeacock@guidehouse.com

Cision src=https://c212.net/c/img/favicon.png?sn=LA53071&sd=2022-05-11 View original content to download multimedia:https://www.prnewswire.com/news-releases/guidehouse-insights-estimates-market-for-distributed-energy-resources-in-low-process-heat-manufacturing-will-grow-to-24-billion-by-2031-301544595.html

SOURCE Guidehouse Insights

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