Press release
North America Microgrid Market Global Analysis By AC Microgrid, DC Microgrid, Hybrid | Caterpillar Inc, Tesla, Virdity Energy Solutions, EnSync Inc, Toshiba
North America Microgrid Market is predicted to reach over USD 7 billion by 2024. Aging grid infrastructure coupled with stringent government policies toward adoption of sustainable power technologies will stimulate North America microgrid market. Economic competitiveness, low power cost & transmission losses and reliability are key the parameters that will encourage the product penetration. In addition, ongoing funding toward the development of distributed generation technology will enhance the industry landscape.
Flow batteries accounted for over 5% of North America microgrid market in 2017. Ongoing investment pertaining to the integration of sustainable grid coupled with innovations toward the development of cost-effective and efficient storage technologies will propel the industry growth. key features including long life cycle and higher efficiency will further encourage the product adoption over available substitutes.
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Canada microgrid market is predicted to reach deployment of over 400 MW capacity by 2024. Growing electricity demand across remote and off grid areas along with upsurge in investments toward the adoption of clean energy technology will complement the business growth. Furthermore, ongoing development of distributed energy sources to minimize the dependency on conventional grid will enhance the industry outlook. In 2016 Canada government made an investment of USD 2.4 billion for developing wind and solar energy sources.
Ongoing adoption of captive power plants across the manufacturing and industrial sector for ensuring regulated power production will foster North America microgrid market. Increasing investment toward the expansion of decentralized grid coupled with rising investments for the expansion of infrastructure and power sector will accelerate the business growth. For instance, in 2016, the government of Canada, announced an investment of about USD 900 million were financed toward installation of numerous energy sources and R & D across the country.
Natural gas microgrid market will grow on account of stringent government measures pertaining to the adoption of lower emission fuel as a replacement for conventional fuel sources. Ongoing investment toward exploration of unconventional fuel reserves owing to escalating gas demand will enhance the industry outlook. Amren Corporation in 2017, developed an advanced microgrid which utilizes, solar, natural gas and wind energy as a source along with an integrated battery storage and automation system.
Top Manufacturers in global market are given bellow: ABB, Schneider Electric, Alstom, Siemens, Honeywell, Caterpillar Inc, Tesla, Virdity Energy Solutions, EnSync Inc, Toshiba, Hitachi, Advanced Microgrid Solutions, Lockheed Martin, Exelon and Power Analytics Corporation.
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Increasing high-end power consumption across the industries on account of development of new HVAC systems and heavy load machineries will foster the microgrid market. Growing electricity demands across hospitals, retail outlets, automotive, manufacturing operations, offices and industries will encourage product penetration across commercial and industrial application. For instance, as per EIA, the commercial and industrial sector in 2017 accounted about 4.5% and 22.4 % of the primary energy consumption respectively.
The above information is provided on a regional and country basis for the following:
U.S., Canada, Mexico
By Connectivity
• Grid Connected
• Off-Grid
By Grid Type
• AC Microgrid
• DC Microgrid
• Hybrid
By Source
• Diesel Generators
• Natural Gas
• Solar PV
• CHP
By Storage
• Lithium-Ion
• Lead Acid
• Flow Batteries
• Flywheel
By Application
• Healthcare
• Educational Institutes
• Military
• Utility
• Industrial/Commercial
• Remote
Table of Content@
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Commercial Drone Industry Insights
Chapter 4. Competitive Landscape
Continued@........................
Data Tables
TABAL 1. North America Microgrid industry 360 degree synopsis, 2013 - 2024
TABAL 2. Global North America Microgrid market, 2013 - 2024 (USD Million)
TABAL 3. Global North America Microgrid market, by joint type, 2013 - 2024 (USD Million)
TABAL 4. Global North America Microgrid market, by joint type, 2013 - 2024 (Units)
TABAL 5. Industry impact forces
TABAL 6. Knee Replacement market by region, 2013 - 2024 (USD Million)
TABAL 7. Knee Replacement market by region, 2013 - 2024 (Units)
TABAL 8. Primary Knee Systems market, by region, 2013 - 2024, (USD Million)
TABAL 9. Revision Knee Systems market, by region, 2013 - 2024, (USD Million)
TABAL 10. Partial Knee Systems market, by region, 2013 - 2024, (USD Million)
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