Remote Power System Micro Grids Industry Outlook to 2022 - Market Analysis by Geography, Application

Remote Power Systems are off-the-grid electricity system for locations that are not fitted with anelectricity distribution system. Typical Remote Power Systems include one or more methods of electricity generation, energy storage, and regulation. Mandates for renewable energy generation are one of the major factors for development in this field. The market is also expected to see considerable growth over the next decade.

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A MicroGrid is a semiautonomous grouping of generating sources and end-use sinks that are placed and operated for the benefit of its members, which may be one utility €œcustomer,€  a grouping of several sites, or dispersed sites that nonetheless operate in a coordinated fashion. The supply sources may include reciprocating engine generator sets, microturbines, fuel cells, photovoltaic and other small-scale renewable generators, storage devices, and controllable end-use loads. All controlled sources and sinks are interconnected in a manner that enables devices to perform the MicroGrid control functions unnecessary for traditional DER. For example, the energy balance of the system must be maintained by dispatch, and non-critical loads might be curtailed or shed during times of energy shortfall or high costs. While capable of operating independently of the macrogrid, the MicroGrid usually functions interconnected, purchasing energy and ancillary services from the macrogrid as economic, and potentially selling back at times.

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Three key potential features of the Micro-Grid are:

1. its design around total system energy requirements
2. Its provision of heterogeneous level of power quality and reliability to end-uses.
3. Its presentation to the macrogrid as a single controlled entity.

Most microgrids can be further described by one of three categories:
Isolated microgrids, islands, and other remote sites, not connected to a local utility grid.

Islandablemicrogrids that are fully interconnected and capable of both consuming and supplying grid power, but can also maintain some level of service during a utility outage.

Non-synchronous microgrids are connected to utility power supplies, but they aren't interconnected or synchronized to the grid. Such
Non-synchronized microgrids are capable of consuming power from the grid, but they aren't capable of supplying it.

What the Report Offers
• Market Definition for the specified topic along with identification of key drivers and restraints for the market.
• Market analysis for the global remote power system micro grids Market, with region specific assessments and competition analysis on a global and regional scale.
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
• Identification and analysis of the Macro and Micro factors that affect the global remote power system micro grids market on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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