Market Research Report
The Microgrid Market Forecast 2019-2029
|Published by||Visiongain Ltd||Product code||586087|
|Published||Content info||171 Pages
Delivery time: 1-2 business days
|The Microgrid Market Forecast 2019-2029|
|Published: February 25, 2019||Content info: 171 Pages||
The Microgrid Market Forecast 2019-2029
Forecasts by Application Including Remote, Utility Distribution, Commercial and Industrial, Community, Institutional/Campus and Military AND National Markets with Extensive Details & Analysis of Contracts, Projects and Programmes PLUS Leading Companies in the Microgrid Market.
Visiongain has calculated that the Microgrid Market will see a capital expenditure (CAPEX) of $12.6bn in 2019. Read on to discover the potential business opportunities available.
Microgrid is one of the most advanced concepts in the power generation. The technology acts as a promising source of electricity during emergencies, bad weather conditions and power outages.
The microgrid market is mainly driven by factors including rising demand for efficient energy usage, growing adoption of renewable energy and need for efficient grid infrastructure. The rapid growth in the population has led to increased congestion and stress on the existing grid leading to an unbalanced and inefficient supply of electricity among the consumers; the bulk of them affected by lack of electricity supply.
Most of the rural and remote areas across the world lack an efficient supply of electricity and thus have to rely on imported fossil fuels to meet their energy requirements. The bulk of them lack connectivity to power grids.
Microgrid has an ability to store energy and can be connected and disconnected from the main grid. It helps deliver secure energy for emergency facilities including hospitals, defence and police stations during extreme climatic and weather conditions. The microgrid technology can suffice both fossil fuel and renewable energy resources which can lead to a clean, affordable and efficient electricity supply both on-grid and off-grid
The deployment of microgrid technology will not only reduce the burden on existing utilities but will also help reduce greenhouse gases through the adoption of renewable resources. The technology can be considered as a building block towards the development of smart energy system with its compact design and high reliability during emergency conditions.
Microgrid market is expected to witness a high potential in remote regions and islands. Increasing measures by the government to facilitate efficient and reliable electrification benefits will boost the demand for microgrid globally
Visiongain's Microgrid market report can keep you informed and up to date with the developments in the market, across five different regions: North America, Europe, Middle East & Africa, Asia Pacific and Latin America.
With reference to this report, it details the key investments trend in the global Microgrid market, subdivided by regions, capital expenditure and capacity. Through extensive secondary research and interviews with industry experts, Visiongain has identified a series of market trends that will impact the Microgrid market over the forecast timeframe.
The report will answer questions such as:
This independent 171-page report guarantees you will remain better informed than your competitors. With 168 tables and figures examining the Microgrid market space, the report gives you a direct, detailed breakdown of the market. PLUS, Capital expenditure AND Capacity, as well as Analysis of Contracts, Projects and Programmes that will keep your knowledge that one step ahead of your rivals.
This report is essential reading for you or anyone in the Energy sector. Purchasing this report today will help you to recognise those important market opportunities and understand the possibilities there. I look forward to receiving your order.
Visiongain is a trading partner with the US Federal Government.