Microgrid Market worth $27 Billion - 2022

1. MarketsandMarkets Presents Microgrid Market Forecast & Analysis (2012-2022): By Types, Technology, Storage and Application http://www.marketsandmarkets.com/Market-Reports/micro-grid-electronics-market-917.html

2. According to a new market research report "Global Microgrid Market Forecast & Analysis (2012-2022): By Types (Hybrid, Off-Grid, Grid Connected); Technology (Switch Gears, Pv Inverter, Storage (Batteries, Flywheels, Super Capacitors), Microturbines); Application (Campus, Commercial, Defense)" published by MarketsandMarkets (www.marketsandmarkets.com), the total market is expected to reach a total installed capacity of 15.4 GW by 2022 growing at an estimated CAGR of 17% from 2012-2022 Browse >> 100 data tables 34 figures 290 pages in-depth TOC on “Microgrid Market” http://www.marketsandmarkets.com/Market-Reports/micro-grid-electronics-market-917.html Early buyers will receive 10% customization on reports.

3. Microgrid has been a buzzword in the energy industry for quite sometime, but the market has just begun witnessing larger projects and widespread adoption. There has been a significant increase in worldwide capacity planned and completed by 2012. The total installed capacity grew over 100% during 2012. The market is set to grow at a double digit CAGR during 2012-2022 to reach a total installed capacity of microgrid over 15GW

5. Microgrids are distributed, small-scale versions of the centralized conventional grid systems. This small local nature has its own benefits, such as reliability, flexibility, and enhanced security. Key technology has been introduced to allow widespread adoption of microgrids. Apart from acting as a generation and distribution source like the conventional grid system, microgrids provide a useful platform to integrate renewable resources on the community level and allow for customer participation in the electricity enterprise. This report describes the market trends, drivers, and challenges of the microgrid market and forecasts the market to 2022, based on technology, components, characteristics, and geography. This report covers geographies like the North America, Europe, APAC, and ROW (Rest of the World). North America is the largest geography in terms of microgrid installed capacity. APAC region has been identified as the fastest growing region, with countries such as China, and India leading the way. The ROW region is also a very promising market, with Brazil and South Africa providing impetus to the growth.

6. While the grid-connected microgrid presently commands the largest market share, it is likely to loose its share to both off-grid and hybrid microgrid. And the off-grid microgrid is expected to account for the largest share amongst all types of microgrid, by 2022. The hybrid microgrid type is the fastest growing market by types. In terms of application Campus/Institutional microgrid holds the largest market share and is expected to continue its growth and dominance during the forecast period, riding high on the growth in educational campus microgrid mainly in North American region. The report profiles twenty promising players (both established and newly entering ones) in the microgrid market. The competitive landscape of the market presents a very interesting picture, where large number of small players has become a force to reckon with. While the bigger players including the utility and software giants are venturing into the market and have earned big projects. 

7. For all the benefits that microgrid delivers, scale, technology and power sources prove to be limiting factors for efficient, secure power surety. Despite the heightened interest, investment and technology developments, there are still significant technological barriers. Despite technical immaturity, utility reluctance and absence of clear cut revenue structure, the future for microgrids looks promising. The market presents an opportunity for small and big utility players, industrial and residential communities that could leverage microgrids to optimize its energy costs with the added advantage of generating revenue opportunities by selling energy back to the grid during periods of peak demand. The competitive landscape of the market presents a very interesting picture, where large number of small players has become a force to reckon with. While the bigger players including the utility and software giants are venturing into the market and have earned big projects.

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