Albany, NY -- (SBWire) -- 01/06/2017 --A microgrid is a smaller version of a conventional centralized electrical grid. It is capable of producing power, distributing it, and controlling the flow of energy supplied to consumers within a specified geography. It can function autonomously or operate parallel with a conventional grid. However, compared with a conventional grid, the power generated by a microgrid is supplied to establishments or houses that are situated in close proximity to the plant. This reduces transmission and distribution losses, which are generally associated with centralized power generation.
Technavios analysts forecast the global microgrid market to grow at a CAGR of 13.67% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global microgrid market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand generated by different end-users in any region in the microgrid market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Microgrid Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
GE-Alstom Energy
Lockheed Martin
Schneider Electric
Siemens
Other prominent vendors
Chevron Energy
Cummins
Echelon
Encorp
General Microgrids
Honeywell
Mera Gao Power
Microgrid Solar
Pareto Energy
Power Analytics
S&C Electric Company
SMA
Spirae
Toshiba
Market driver
Need for better power system compared with traditional grids
For a full, detailed list, view our report
Market challenge
High implementation costs
For a full, detailed list, view our report
Market trend
Rise in demand for microgrids in military applications
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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At a CAGR of 13.67% Global Microgrid Industry Will Grow Steadily During the Period 2016-2020
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