Press release

Microgrid Market Will Fuel the Market Players to Harness on the Opportunities with Top Key Players

Microgrid Market Will Fuel the Market Players to Harness on the Opportunities with Top Key Players

 

 
Microgrids generate power, and in doing so reduce dependence on long distance transmission lines and cut transmission losses. The microgrid is a combination of technologies such as electricity generation, transmission and distribution and is used on a small scale as compared to the conventional
macrogrid. It performs functions such as adding or removing new energy resources without modifying existing components. The microgrid market is significantly driven by the use of localized sources for power generation, fewer line losses and the increasing popularity of microgrids in commercial, military and industrial applications. The launch of dozens of successful pilot programs globally, declining costs of photovoltaic (PV) materials and scarcity of electricity in developing countries are creating opportunities for the microgrid market. Key players in this market are Pareto Energy Ltd., Viridity Energy, Encorp Inc., and Power Analytics Corp.

This market can be segmented on the basis of technology, characteristics, application and geography. Technology is further segmented according to components and technology trends. According to characteristics, the market is segmented into hybrid, grid connected and off-grid. On the basis of application it is divided into commercial/industrial microgrid, Military microgrid and Institutional microgrid. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA. The microgrid market is expected to witness substantial growth in countries such as South Africa, Brazil, China, Russia and India.

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KEY BENEFITS
• In-depth analysis of the microgrid market which would help stakeholders to better understand market behavior
• Based on the current market scenario and expected market trends, estimations through 2014-2020 are made to showcase the future prospects of the microgrid market
• The report provides information regarding key drivers, restraints and opportunities with impact analysis
• Analysis of the key strategies adopted by major players operating in the market is provided
• Porter’s Five Forces model and SWOT analysis would provide insights regarding current market conditions and important factors and thereby help stakeholders in making strategic decisions
• Market segmentation by product design and geography would enable a deeper understanding of the current market scenario

MARKET SEGMENTATION

The market is segmented on the basis of technology, characteristics, application and geography.

MARKET BY TECHNOLOGY
• Components Trend
o Batteries
o Flywheels and Super Capacitors in Storage System
o PV Inverter
o Smart Meter
o Electrical Switch Gears
• Technology Trend
o CHP Technologies-Microturbine
o Reciprocating Engine

MARKET BY CHARACTERISTICS
• Hybrid
• Grid Connected
• Off-Grid

MARKET BY APPLICATION
• Commercial/Industrial Microgrid
• Community/Utility Microgrid
• Military Microgrid
• Institutional/Campus Microgrid
• Others

MARKET BY GEOGRAPHY
• North America
• Europe
• Asia Pacific
• LAMEA

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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