Guidehouse Insights Estimates Total Flexible Residential DER Capacity Will Grow to More Than 96 GW by 2032
BOULDER, Colo., Sept. 14, 2023 /PRNewswire/ -- A new report from Guidehouse Insights examines the global market for flexibility from residential distributed energy resources (DER), composed of residential virtual power plants (VPPs) and traditional demand response (DR) capacity.
- According to a new report from Guidehouse Insights, more than 28.4 GW of total flexible residential DER capacity is expected to be online worldwide by the end of 2023.
- This is projected to grow by an average compound annual growth rate of 14.5% to 96.1 GW by 2032.
- The report, Residential Distributed Energy Resources and Flexibility , examines the flexible residential DER market including retail and wholesale VPPs along with traditional DR.
- Total flexible residential DER capacity is projected to be largest in North American throughout most of the analysis period with Europe showing the largest total capacity by 2032.