Major players in the microgrid industry are ABB Ltd. (Switzerland), Siemens AG (Germany), Lockheed Martin (U.S.), GE Electric (U.S.), Chevron Energy (U.S.), Microgrid LLC (U.S.), Viridity Energy Inc. (U.S.), Spirae Inc. (U.S.), Pareto Energy (U.S.)
(PRWEB) November 18, 2014
The report "Microgrid Market by Type (Hybrid, Off-Grid, Grid Connected), Component (Storage, Inverter), Technology (Fuel Cell, CHP), Consumer Pattern (Urban, Rural), Application (Campus, Commercial, Defense), and Geography - Global Forecast to 2022", defines and segments the data center automation market into various segments with an in-depth analysis and forecasting of revenues.
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Many countries generate electricity in large centralized facilities, such as fossil fuel, nuclear power plants, large solar power plants or hydropower plants. These plants transmit electricity for long distances and can negatively affect the environment. Thus, a distributed generation system is used, which allows collection of energy from many sources and may give lower environmental impacts and improved security of supply.
Browse 76 market data Tables and 57 Figures spread through 191 Pages and in-depth TOC on "Microgrid Market".
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The global Microgrid Market is projected to grow at a CAGR of 17.36% from 2014 to 2022, it holds a great potential across the distributed power generation and industry. Microgrid systems are used in various applications to provide more accuracy for proper inspection in detecting flaws and amplifying weak electricity signals.
Microgrid is an electrical system that includes multiple loads and circulated energy resources that can be operated in parallel with a broader utility grid. An electric grid is an interconnected network for delivering electricity from suppliers to consumers. Distributed energy, also known as decentralized energy is generated or stored by a variety of small, grid connected devices referred to as distributed energy resources (DER).
This report describe market trends, drivers, and challenges with respect to the global microgrid market, and projects the market size from 2013 to 2022, based on different segments of the market such as technology, application, consumption pattern, grid types and geography. This information gives a detailed view of the market across regions, namely - the Americas, Europe, APAC and RoW (the Middle East and Africa). The North America dominates the Microgrid Market with regards to the market size in terms of value; however, APAC is expected to grow at the highest CAGR in the microgrid market.
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The viable landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with a number of tier-one players around the globe.
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