Microgrid Market Growing at 18% CAGR to 2019 in Terms of Revenue

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Apr 23, 2015, 08:30 ET

DALLAS, April 23, 2015 /PRNewswire/ --

The Global Microgrid Market 2015-2019 research report forecasts the microgrid industry to grow at 18.72% CAGR in terms of revenue and 17.29% CAGR in terms of microgrid installed capacity over the period of 2014-2019.

The Global Microgrid market is divided into the following segments based on application: Institutions/Campuses, Remote Systems, Community/Utility, Military, Commercial/Industrial Sectors, and Others. Complete research on microgrid market for 2015-2019 of 96 pages offering 21 Exhibits is available at http://www.rnrmarketresearch.com/global-microgrid-market-2015-2019-market-report.html .

According to this report, increased demand for better power quality has resulted in the gradual growth of the global microgrid market. The quality and consistency of power supply is poor in many countries in the Americas, Asia and Europe. Microgrids help improve the power quality by providing reliable power supply with minimal shortages. They ensure better power quality by enabling connection to macrogrids that helps reduce grid imbalances and power supply intermittence. Power discrepancy because of low generator performance leads to an unexpected increase in power demand. In this situation, microgrids provide access to power when the macrogrid breaks down or fails to meet the power demand.

This new microgrid industry report emphasizes increased investment in R&D by several organizations and vendors in recent years. Several specialized and niche organizations are working on microgrid development projects, which are expected to boost market growth over the projected period. The European Union is working toward developing microgrid solutions to increase penetration levels of renewable energy. The report, Global Microgrid Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Companies like ABB, GE Electric, Lockheed Martin, Siemens, Bosch, Chevron Energy, Echelon, General Microgrids, Microgrid Solar, Pareto Energy, Power Analytics, S&C Electric Company, Spirae and Viridity Energy are mentioned in this research available for purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=355803 .

A microgrid is a type of power grid, which is much smaller than the conventional centralized electrical grid. It is localized and functions autonomously or in a hybrid mode with the conventional grid. Microgrids produce, distribute, and control the flow of energy to consumers; however, all these activities are implemented locally or in integration with the traditional grid. Microgrids are used during power failures in the central grid system as they can operate independently by isolating their generation loads. Moreover, developers and owners of microgrids sell the excess power to utility companies.

Key Questions Answered in this Microgrid Market Report includes what will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

Inquire before buying the global microgrid report 2015-2019 at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=355803 .

On similar lines, the report on Global Energy Storage for Microgrids Market 2014-2018 forecasts the Global Energy Storage for Microgrids market to grow at a CAGR of 19% over the period 2013-2018. In terms of technology, the Global Energy Storage for Microgrids market can be segmented into five: Advanced Lead-acid Battery, Advanced Lithium-ion Battery, Flow Battery, Sodium Metal Halide Battery, and Flywheel. Companies like ABB, EnStorage, General Electric Digital Energy, NEC, S&C Electric, Toshiba, Ampard, Aquion Energy, Greensmith Energy, Green Energy Corp., Raytheon Co. and Sunverge Energy are mentioned in this research.

Explore more reports on the energy industry at http://www.rnrmarketresearch.com/reports/energy-power/energy .

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