openPR Logo
Press release

Microgrid Market - Potential Growth Analysis 2017 - 2025

04-11-2018 11:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Microgrid Market - Potential Growth Analysis 2017 - 2025

Global Microgrid Market: Overview

A microgrid differentiates itself from traditional grid with its capability to work independently as a local energy grid during crisis times such as power outages and storms. Apart from providing a grid backup, microgrids can work to connect to unreliable or small-sized local resources, cut costs, and become more environment-friendly at times. Microgrids can operate indefinitely depending on the management of its fuel and other requirements. Renewable resources such as solar panels, batteries, and distributed generators can be employed to power microgrids.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2066

Global Microgrid Market: Key Trends

The world microgrid market could expand at a double-digit CAGR during the forecast years as a result of a swelling demand from remote electrification projects undergoing expansions and economies concentrating on innovations. However, the world market is anticipated to experience a slowdown in growth on account of high initial cost of installation and the connection of multisite microgrids bordered by utility franchise rights. Nonetheless, market players can possibly make progress against the trials with opportunities birthed in various types of segmentation.

Remote or island microgrids are expected to grow in significance and vitally benefit the world microgrid market due to the decrease in power generation cost when compared to centralized power grids. Besides this, less generation of heat and smog and other environmental benefits coupled with a substantial drop in the prices of wind power and solar photovoltaic (PV) sources are predicted to help the remote or island microgrids market grow remarkably.

The soaring acceptance witnessed in the global microgrid market for software across utilities, municipalities, commercial and industrial sites, and university campuses is prognosticated to decently benefit manufacturers. With the help of load and weather forecasting, software as a service (SaaS) can allow the dynamic control and management of distributed energy resources.

Request TOC of the Report @
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2066

Global Microgrid Market: Market Potential

Not-for-profit open standards enterprise, EMerge Alliance has received business from one of the largest solar trade shows in North America, i.e. Solar Power International (SPI), to expand its footprint. The business expansion will incorporate microgrid ecosystems and a complete smart building in its Smart Energy Microgrid Marketplace. The facility will exhibit an ultimate connection between smart energy products and solar power with a fully-functioning live microgrid and associated products such as electric vehicle charging, automation products, and energy management systems. The SPI 2017 Smart Energy Microgrid Marketplace to be held at Mandalay Bay Convention Center, Las Vegas Nevada in September is also expected to showcase solar panel manufacturers and energy storage providers.

Global Microgrid Market: Regional Outlook

Foreseen to rise at a higher CAGR, the Asia Pacific microgrid market could gain an upper hand in the industry as players as well as regional governments take several initiatives to magnify the adoption of microgrid solutions. Other geographies such as Rest of the World, Europe, and the Americas are foretold to emerge as key markets for players to capitalize on. Howbeit, it all depends on how the regional markets face the odds and leverage the opportunities made available by the driving factors taking precedence therein.

Read Comprehensive Overview of Report @
https://www.tmrresearch.com/microgrid-market

Global Microgrid Market: Competitive Landscape

Exelon Corporation, Siemens AG, Eaton Corporation PLC, General Electric, and ABB Ltd. are some of the dominating companies making their presence known in the global microgrid market. For the purpose of enhancing their revenue base, market players are envisaged to consider strategic expansions and launch of novel products. An integrated solar diesel microgrid was commissioned to be installed in Johannesburg, South Africa by ABB at its Longmeadow facility of 96,000 m2 capacity. The solution is aimed at covering all planned and unplanned power outages by ensuring an uninterrupted power supply with the help of off-grid and fully grid-connected functionalities.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Microgrid Market - Potential Growth Analysis 2017 - 2025 here

News-ID: 1011490 • Views: 248

More Releases from TMR Research

Artificial Intelligence in Education Market | ALEKS, Knewton, Metacog, Google, A …
Global Artificial Intelligence in Education Market: Snapshot The global artificial intelligence and education Market is significantly driven by the integration of intelligent algorithms as well as Advanced Technologies in to e-learning platforms. Education software, machine learning, and artificial intelligence are some of the Innovative learning models and Technologies change the rules and creating tremendous shift from the teaching methods. These technologies have completely transformed with a classroom. The sophistication level has
Botnet Detection Market Overview, Global Analysis Market Size, Share, Top Trends …
Global Botnet Detection Market: Overview Over the past decade, botnet detection has garnered widespread attention among cybersecurity professionals and Technology Company's world over. Botnet is an array of connected devices over the public internet, essentially consisting of compromised workstations and servers, infected by a set of malicious software or malware. Botnets are controlled by single attacker or a group, who use them essentially for criminal or malicious intent. Using the seemingly
Corporate Learning Management System Market Analysis Key Trends and Size (Value …
Global Corporate Learning Management System Market: Snapshot The offerings of the global market for corporate learning management have grabbed the attention of several businesses, stakeholders, and companies. Corporate learning management is a system wherein businesses acquire key knowledge that can help in streamlining the processes within their corporate framework. The domain of corporate learning encompasses several elements concerned with the profitability, efficiency, and effectiveness of a business enterprise. In this fast-pace
Insurance Analytics Market Competitive Landscape and Predicted to Accelerate the …
Global Insurance Analytics Market: Snapshot The global market for insurance analytics has gained momentum on account of the ease of administration and planning offered by structured and unstructured data within insurance. Insurance analytics has the capacity to bring a level of sophistication, lucrativeness, and order to the insurance companies. With constant changes in financial policies and regulations across regions, the insurance companies are compelled to use analytics to stay in control

All 5 Releases


More Releases for Microgrid

Microgrid Control System Market
Microgrid Control System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/107776 UpMarketResearch offers a latest published report on “Global Microgrid Control System Market Analysis and Forecast 2019 - 2025” delivering key insights and providing a competitive
Microgrid Market Size, Share, Development by 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Microgrid market. Microgrid is a localized power system comprised of distributed generation assets, energy storage devices, and smart distribution technologies that interoperates through controls and software-based intelligence systems. North America is currently the largest microgrid market, having captured nearly half of all vendor revenue activity. The region holds a nearly identical market share (48.59%) compared with data
Microgrid Market : Growth, Trends & Forecasts 2017 – 2025
Global Microgrid Market: Overview A microgrid differentiates itself from traditional grid with its capability to work independently as a local energy grid during crisis times such as power outages and storms. Apart from providing a grid backup, microgrids can work to connect to unreliable or small-sized local resources, cut costs, and become more environment-friendly at times. Microgrids can operate indefinitely depending on the management of its fuel and other requirements.
Global Microgrid Technology Market Technology Progress,Industry Demand and Analy …
Microgrid Technology Market is Set to Grow According to the Expected CAGR A microgrid may be a small-scale installation that may operate severally or in conjunction with the area's main electrical grid. Any small-scale localized station with its own power resources, generation and masses and determinable boundaries qualifies as a microgrid. The Global  Microgrid Technology Market skilled Survey Report scrutinizes the prevailing state of affairs and also the destiny growth potentialities of the business. It covers the market place
Global Microgrid Market 2017 - Siemens, General Microgrids, Microgrid Solar, Ray …
Worldwide Microgrid Market 2017 presents a widespread and fundamental study of Microgrid industry along with the analysis of subjective aspects which will provide key business insights to the readers. Global Microgrid Market 2017 research report offers the analytical view of the industry by studying different factors like Microgrid market growth, consumption volume, market trends and Microgrid industry cost structures during the forecast period from 2017 to 2022. Microgrid market studies the
Smart Microgrid Market - Global Industry Analysis 2020
Growing global energy demand and increasing share of renewable energy sources in the global installed capacity are bolstering the demand for smart microgrid. Microgrids are smaller versions of the conventional power grids and are designed to serve localized electric loads. They incorporate distributed energy resources (DER) such as micro-turbines, wind and photovoltaic in parallel with the conventional power grid. The distributed energy resources (DER) allow microgrids to run in an