News Feed Item

Global Microgrid Market Worth $27 Billion by 2022

DALLAS, January 16, 2013 /PRNewswire/ --

According to a new market research report "Microgrid Market, Global Forecast & Analysis (2012-2022) - Focus on Renewable Power Generation, Solar Photo-Voltaics, Wind Micro-Turbines, Battery, Energy Storage and Control Systems, By Types, Components and Characteristics" published by MarketsandMarkets, 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 market data tables with 34 figures spread through 290 pages and in-depth TOC on "Microgrid Market, Global Forecast & Analysis (2012-2022) - Focus On Renewable Power Generation, Solar Photo-Voltaics, Wind Micro-Turbines, Battery, Energy Storage And Control Systems, By Types, Components And Technologies" .
Early buyers will receive 10% customization on reports.

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.

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. Some of the key players in the microgrid market include ZBB Energy Corporation (U.S.), Chevron Energy (U.S.), Siemens AG (Germany), Echelon Corporation (U.S.), Mera GAO Power (India), Spirae Inc (U.S.), GE Energy (U.S.), ABB Limited (Switzerland), Power Analytics Corporation (U.S.), Virdity Energy (U.S.), Pareto Energy, Ltd. (U.S.), and Microgrid Energy, LLC (U.S.) among others.

 About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics [ http://www.marketsandmarkets.com/semiconductorand-electonics-market-research-87.html ], and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: [email protected]
MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...