Market Research Report
Asia Pacific Microgrid Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||793686|
|Published||Content info||103 Pages
Delivery time: 2-3 business days
|Asia Pacific Microgrid Market Forecast 2019-2027|
|Published: February 25, 2019||Content info: 103 Pages||
The Asia Pacific region is anticipated to have a growth rate of around 12.23% CAGR. Many supporting government initiatives plan to enhance new energy microgrids along with the private funding to promote installation of microgrids in the region. India, China, Japan, Australia, South Korea, and the remaining countries forming the Rest of Asia Pacific are considered for the market study.
There are extensive ongoing investments in the APAC microgrids market, both from the regulatory bodies and the companies. Lack of awareness and training programs for end users such as utility, military, industrial, residential, commercial, government and education is one of the major concern. The increasing demand for power is expected to fuel up the capacity addition of renewable energy resulting in increased adoption of the microgrids in the region.
Schneider Electric, S&C Electric Company, Hitachi Ltd., Exelon Corporation, Power Engineers Incorporated, Princeton Power Systems, General Electric, ABB Ltd., Fuelcell Energy Inc., NRG Energy Inc., Siemens AG, Fairbanks Morse, Duke Energy Corporation, Eaton Corporation PLC and National Grid are the major market players functioning in the Asia Pacific regional market for microgrids.