Albany, NY -- (SBWire) -- 05/18/2015 --A microgrid is a type of power grid, which is much smaller than the conventional centralized electrical grid. It is localized and functions autonomously or in a hybrid mode with the conventional grid. Microgrids produce, distribute, and control the flow of energy to consumers; however, all these activities are implemented locally or in integration with the traditional grid. Microgrids are used during power failures in the central grid system as they can operate independently by isolating their generation loads. Moreover, developers and owners of microgrids sell the excess power to utility companies.
Market analysts forecast the Global Microgrid market to grow at a CAGR of 18.72 percent in terms of revenue and at 17.29 percent in terms of microgrid installed capacity over the period 2014-2019.
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Covered in this Report
The Global Microgrid market is divided into the following segments based on application: Institutions/Campuses, Remote Systems, Community/Utility, Military, Commercial/Industrial Sectors, and Others.
New report, Global Microgrid Market 2015-2019, 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 in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key Vendors
ABB
GE Electric
Lockheed Martin
Siemens
Other Prominent Vendors
Bosch
Chevron Energy
Echelon
General Microgrids
Microgrid Solar
Pareto Energy
Power Analytics
S&C Electric Company
Spirae
Viridity Energy
Market Driver
Increased Demand for Better Power Quality
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Market Challenge
High Cost of Implementation
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Market Trend
Increased R&D
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Key Questions Answered in this Report
What will the market size be in 2019 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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