openPR Logo
Press release

Japan Microgrid Market to Grow at a CAGR 19.8% from 2022 to 2027

06-26-2023 09:40 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

Japan Microgrid Market to Grow at a CAGR 19.8% from 2022 to 2027

The report "Japan Microgrid Industry by Connectivity (Grid-connected, Off-grid), Offering (Power Generators, Controllers, Energy Storage, Software, Services), End User (Commercial & Industrial, Military, Utilities), Type, Power Rating & Geography - Global Forecast to 2027", published by MarketsandMarkets, Japan Microgrid Market to Grow at a CAGR 19.8% from 2022 to 2027

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917

Growing need for reliable power supply fueling the growth of microgrid market in Japan

According to Swiss Business Hub Japan 2022, the microgrid market in Japan will grow rapidly in the years to come which is driven by a combination of factors such as a growing demand for reliable and efficient energy supply, increasing use of renewable energy sources, and the need to improve energy resilience and security. Also, several pilot projects, often involving public-private partnerships, have been subsidized by the government. Japan has relatively strict government regulations related to the utilization and deployment of distributed energy generation. The Japanese government has been promoting the development of microgrids through various policies and initiatives, such as the "Basic Energy Plan" and the "Green New Deal", which aim to encourage the integration of renewable energy sources, enhance energy efficiency, and improve the resilience and security of the energy system.

In addition, Japan has been facing energy challenges in the aftermath of the 2011 Fukushima disaster, which highlighted the need for a more resilient and secure energy system. For over a decade, an energy revolution has been underway in Japan, spurred on by the 2011 Great East Japan earthquake and tsunami. Since then, dozens of microgrids have sprung up across the country to help Japan meet its energy needs and build resilience. The Japanese city of Higashi Matsushima, which was severely impacted by the 2011 earthquake and tsunami, decided to rebuild its energy infrastructure using microgrids and decentralized power. Following the disaster, the city faced significant challenges in restoring its energy infrastructure, as the traditional centralized power system was not resilient to natural disasters. In response, the city decided to adopt a more resilient and decentralized energy system based on microgrids. The microgrid system in Higashi Matsushima consists of a network of small-scale power generation units, including solar panels and wind turbines, which are connected to a local grid. The system can operate independently of the main grid, providing a reliable and resilient source of power in the event of a disruption to the main grid. The microgrid system has also enabled the city to promote the use of renewable energy sources, reduce its carbon footprint, and lower its energy costs. The city has been recognized for its innovative approach to energy management and has become a model for other communities in Japan and around the world.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=917

Aichi, Kyoto, and Hachinohe were the first microgrids in Japan, initiated by the New Energy and Industrial Technology Development Organization in 2003. As of 2018, there are approximately 40 microgrids in Japan. Since the 2011 disaster, the number of grids has undoubtedly increased. 94% of the nation's energy needs are now met by fossil fuel imports, and despite intentions to restart many of its reactors, progress has been slow. Japan is also investing in its commercial and industrial sectors to ensure energy security and meet the country's increasing energy demand. Microgrids can provide a reliable and decentralized energy supply, which can help to improve the resilience and security of the energy system. This has led to an increase in the adoption of microgrids, thereby fueling the growth of the microgrid market in Japan.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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 Japan Microgrid Market to Grow at a CAGR 19.8% from 2022 to 2027 here

News-ID: 3102082 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Japan

Vision Guided Robotic Systems Market Size 2022 - FANUC(Japan), KUKA(Germany), AB …
The Vision Guided Robotic Systems Market research report also provides an in-depth analysis of key players in the market, including their company profiles, business offerings, recent development, market strategies, and critical observation related to the product. The research study provides extensive coverage of the Vision Guided Robotic Systems Market size across all industries and businesses. In addition, it offers detailed insights into market size and growth depending upon various segments
Japan Agriculture Market, Japan Agriculture Industry, Japan Agriculture Livestoc …
The agriculture sector is a very significant sector in Japan. Agriculture sector exists in every part of country, but is especially essential on the northern island of Hokkaido that accounts for approximately 10% of national production. Modern methods such as commercial fertilizers, hybrid seeds, insecticides, and machinery, have been used so efficiently in farming. Japan is the second major agricultural product importer in the world (after the U.S.). Almost all
Car Navigation ECU Market 2019: Top Key Players are AW Software (Japan), Contine …
Car Navigation ECU Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13844912 Global Car Navigation ECU market 2019 research provides a basic overview of the industry
Global Car Navigation ECU Market Outlook to 2023 – AW Software (Japan), Contin …
An automotive navigation system is part of the automobile controls or a third party add-on used to find direction in an automobile and the ECU is the core part control it. Car Navigation typically uses a satellite navigation device to get its position data which is then correlated to a position on a road. According to this study, over the next five years the Car Navigation ECU market will register a
Global Car Navigation Parts Market Research Report 2019-2025  | Global Key Play …
This research report titled “Global Car Navigation Parts Market” Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Car Navigation Parts Market during the period between 2018 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in
Global Automotive 3D Scanning Laser Radar (3D-LiDAR) Market 2019-2025 | Velodyne …
Researchmoz added Most up-to-date research on "Global Automotive 3D Scanning Laser Radar (3D-LiDAR) Market Insights,Forecast to 2025" to its huge collection of research reports. 3D LiDAR uses a pulsed laser to detect distance, velocity and angle with high precision. LiDAR can classify objects, detect lane markings, and may also be used to accurately position an autonomous vehicle relative to a high definition map. 3D LiDAR is prominent, as it is a key