openPR Logo
Press release

Microgrid Market Uninterrupted Rise In Growth till 2025

06-25-2018 12:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

/ PR Agency: TMR Research

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 Uninterrupted Rise In Growth till 2025 here

News-ID: 1096165 • Views: 153

More Releases from TMR Research

Portable Projector Market Promising Growth Opportunities and Forecast 2020 - 203 …
Introduction: Portable projectors refers to small hardware devices designed to project contents on any type of surface from a smartphone, camera, notebook or memory device for viewing contents or presentations. These are wireless technological equipments that can be carried outdoors with ease. These projectors comes with convenient USB, HDMI, MHL ports etc and are inbuilt in different devices. These can be connected to the internet and have the capability to
Disposable Cups Market Predicted to Accelerate the Growth by 2020 - 2030
Global Disposable Cups Market: Overview In the coming years, demand for disposable cups to offer cold and hot drinks in quick service restaurants is anticipated to speed up. Furthermore, the increasing use of such cups for consuming water in a variety of residential and commercial settings is anticipated to fuel the growth of the global disposable cups market. Over the last decade, disposable cups have become increasingly common. Consumers' need
Revenue Cycle Management Market Trends and Dynamic 2030
U.S. Revenue Cycle Management Market: Overview The US revenue cycle management market is expected to expand as the demand for organizational workflow optimization grows, as does advancement in synchronized management software and systems. In addition, the formation of regulatory reform teams by federal agencies may contribute to the restructuring of different healthcare products inside the medical sector. The healthcare industry should take advantage of the effectiveness and cost-effectiveness of third-party
Commercial Tabletop Kitchen Products Market Evaluation of Industry Trends, Growt …
Global Commercial Tabletop Kitchen Products Market: Overview The commercial sector's demand for tabletop kitchen items is being driven by the increasing acceptance of serving ware with substantial growth in the hospitality and foodservice industries. In addition to that, growing disposable incomes, shifting habits, and increasing social patterns that encourage social dining have all led to an increase in demand for commercial tabletop kitchen items. In the coming years, the growing number

All 5 Releases


More Releases for Microgrid

Microgrid Quick Quote Tool
May 18, 2021 | Scale Microgrid Solutions: We are excited to announce that we have developed a Microgrid Quick Quote tool that is now available for facilities located within the PG&E and SCE utility service areas. We’ve always aimed to simplify microgrid projects, like with our Rapid Response Modular Microgrid (R2M2), which expedites the project development timeline and reduces costs by leveraging a modular, productized solution. Now, you can take the
Microgrid Market
Microgrids are a managed network of linked charges and dispersed power sources that interact with the main power grid in a synchronised and synchronous way. These grids can also operate through off-grid and remote areas in disconnected mode, and work autonomously based on economic and physical conditions. Microgrid market is expected to grow at a CAGR of 10.8% in the forecast period of 2020 to 2027. Data Bridge Market Research report
Microgrid Market Opportunities and Challenges
The report "Microgrid Market by Connectivity (Grid Connected and Off-Grid Connected), Offering (Hardware and Software & Services), End-Use (Commercial & Industrial, Remote, Instituites & Campuses), Grid Type, Pattern, Region - Global Forecast to 2025", is projected to reach USD 47.4 billion by 2025 from USD 28.6 billion in 2020, at a CAGR of 10.6% between 2020 and 2025. Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures,
Global Microgrid Market
The Microgrid market was valued at USD 25.5 billion in the year 2019. It is projected to grow at a CAGR of 10.9% over the period 2020 -2026. The current situation of the COVID-19 pandemic has impacted the global Microgrid market in a negative way such that it is expected to experience a notable decline. Because of the imposition of lockdown in different countries, the demand for power has been declined
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
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